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Real interest rates in Sri Lanka swing without clear objective: economist



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Real interest rates in Sri Lanka have often swung from negative to positive without any clear direction or objective, thereby hardly making any tangible positive impact on domestic savings, Dr. Amarakoon Bandara, senior economic advisor to UNDP in Zimbabwe said in Colombo recently.

He said so while delivering a public lecture at the Central Bank of Sri Lanka last week, which was titled "Growth dynamics: What can we learn from success stories?".

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Delay by some companies in releasing quarterly results dampens share market

A delay in releasing quarterly financial results by most companies created a lull in the Colombo Stock Exchange (CSE) yesterday. As a result, most foreign and local investors are adopting a wait and see approach this week.


Amid these developm...

Milan Maersk, one of the largest ships, docks in Colombo

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The Milan Maersk, one of the world’s largest ships arrived in Colombo on October 17 at 1200 hrs local time and berthed at the Colombo International Container Terminal (CICT)


To mark the occasion, a ceremony was organized on board Milan ...

Sony expands its 4K HDR TV li­ne-up in Sri Lanka

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Sony Electronics announced new 4K HDR television series designed to deliver even wider brightness range and higher contrast. The new BRAVIA™ TVs make the best use of 4K HDR (High Dynamic Range) content with the combination of their unique imag...

BMICH commemorates founders with eye and blood donation campaigns

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S.W.R.D. Bandaranaike National Memorial Foundation (BMICH) recently organised a series of Blood and Eye Donation campaigns, as well as religious observances, in commemoration of its founders. Those who signed up to donate to Sri Lanka's Eye Bank we...

GLITZ celebrates Children’s Day at Maharagama Apeksha Hospital

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The renowned fashion retail chain, GLITZ celebrated this year’s World Children’s Day with a special agenda of events at the Maharagama Apeksha Hospital, making it an event to remember for the children at the hospital. The fashion store r...

Pooja visits Airtel retailers

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During the month of October, Pooja Umashankar paid a series of surprise visits to Airtel retailers in Colombo, Gampaha, Kandy and across the East coast. Her presence on the ground created a massive hype in the market, drawing large crowds interactin...

DFCC’s subsidiary Synapsys bags silver award at NBQSA 2017

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Synapsys, a subsidiary of DFCC Bank PLC, was bestowed with two prestigious awards at the 19th National Best Quality Software Awards (NBQSA) organized by the British Computer Society, the Chartered Institute of IT in Sri Lanka. The award ceremony was...

Skill gaps: The Achilles Heel of Sri Lanka’s education sector

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As Sri Lanka enters an increasingly competitive international environment with a renewed emphasis on transforming itself into a modern economy, the importance of promoting technological innovations and generating an educated workforce with market orien...

LAUGFS IT wins high honours at the NBQSA 2017

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Setting the benchmark high for ICT product innovation within the organization and the corporate arena in Sri Lanka, LAUGFS IT claimed five prestigious awards at the 19th National Best Quality Software Awards (NBQSA) 2017.


LAUGFS IT won the BC...

Access to blockchain API for partner banks and merchants

New York, NY – Mastercard announced that it will be opening up access to its blockchain technology via its API published on Mastercard Developers. Mastercard’s blockchain solution provides a new way for consumers, businesses and banks to...

 
 
 
 
 
 
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