ECONOMYNEXT – The US Federal Reserve reserve said it would reduce the volume of Treasuries it is selling down each month (so-called quantity tightening), to 25 billion dollars from 60 billion, but would continue to target its policy rate at…
[embedded content] THE FORUM 📌FDI PROSPECTS UNDER THE MICROSCOPE This week on LMDtvRuwandi Perera speaks with the Statutory Board Member and Chair of Sri Lanka and The Maldives Commonwealth Enterprise and Investment Council Niro Cooke #LMDtv #TheForum #TalkShow #TheVoiceOfBusiness #SriLanka…
ECONOMYNEXT – Sri Lanka President Ranil Wickremesinghe announced a 70 percent increase in the daily wage of plantation workers to Rs. 1700 in an unprecedented move amid his plans to run for presidency later this year. Wickremesinghe announced the wage…
ECONOMYNEXT – Sri Lanka President Ranil Wickremesinghe announced a 70 percent increase in the daily wage of plantation workers to Rs. 1700 in an unprecedented move amid his plans to run for presidency later this year. Wickremesinghe announced the wage…
ECONOMYNEXT – The US Federal Reserve reserve said it would reduce the volume of Treasuries it is selling down each month (so-called quantity tightening), to 25 billion dollars from 60 billion, but would continue to target its policy rate at…
The deficit in the merchandise trade account narrowed to US dollars 369 million in March 2024 from US dollars 412 million recorded in March 2023, primarily due to a higher increase in exports than the increase in imports. However, it…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 showed some uptick torecord 1.5% in April 2024 compared to 0.9% in March 2024. Food inflation (Y-o-Y) decelerated to 2.9% in April 2024…
ECONOMYNEXT – The United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) has thanked Sri Lanka for its financial contribution to address the humanitarian crisis in Gaza. Philippe Lazzarini, head of UNRWA, in a letter…
As a testament to its continuous devotion to its customers’ satisfaction, Pan Asia Bank, the Truly Sri Lankan Bank, has established a strategic partnership with Janashakthi Life. Through this agreement, a comprehensive insurance package will be offered, tailored to the…
Pan Asia Bank team comprising Chalani Muthumala (Unit Manager- Bancassurance Operations), Sirimevan Senevirathne (Head Of Marketing), Yohan Ebell (Chief Manager – Bancassurance, Remittances and Housing loans), Shiyan Perera (AGM – Retail credit), Naleen Edirisinghe (Director/CEO of Pan Asia Bank) and…
