BIZ

CBSL maintains policy interest rates at their current levels

Published

2 weeks ago

September 27, 2024

editor

The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held yesterday (Sep. 26), decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 8.25 per cent and 9.25 per cent, respectively.

The CBSL Board has arrived at this decision after carefully considering the recent and expected macroeconomic developments and possible risks and uncertainties on the domestic and global fronts with a view to ensuring that inflation aligns with the target of 5 per cent over the medium term, while enabling the economy to reach its maximum potential.

The Board has also observed that inflation is likely to remain well below the target of 5 per cent over the next few quarters, potentially recording deflation in the immediate future driven by changes to administratively determined prices and easing of supply conditions.

BIZ

New board of directors appointed for SriLankan Airlines

Published

4 days ago

October 10, 2024

editor

Sarath Ganegoda has been appointed as the new Chairman of SriLankan Airlines, effective from October 9.

Alongside his appointment, a new Board of Directors has been announced for Sri Lanka’s national carrier under his leadership.

New Board of Directors of SriLankan Airlines:
1. Sarath Ganegoda (Chairman)
2. Buddhika Hewawasam
3. Sugath Rajapakse
4. Eranga Rohan Peiris Goonetilleke
5. D. Arandara
6. Ananda Athukorale
7. Lakmal Ratnayake
8. Niranjan Arulpragasam

Ganegoda, a respected business leader, is currently the Group Executive Director of Hayleys PLC and the Deputy Chairman of Alumex PLC.

He has held senior management roles in both local and international companies and is a Fellow of CA Sri Lanka, as well as a member of the Chartered Management Accountants of Australia.

BIZ

Trishaw fares revised

Published

4 days ago

October 9, 2024

editor

Three-wheeler fares have been revised as of today (Oct. 09).

According to Mr. Jeewinda Keerthiratne, who heads the three wheel bureau of the Road Passenger Transport Authority, the first kilometer remains at Rs. 100 while the second kilometer will be Rs. 85.

BIZ

Egg prices spike again

Published

5 days ago

October 9, 2024

editor

Egg prices have upped again after the recent price drop.

The price of an egg was seen reduced to Rs. 30 in local markets recently but had spiked to over Rs. 40 this week.

Chairman of Sri Lanka Livestock Producers Association – Ajith Gunasekara stated that several factors have impacted the relevant price hike.

Speaking at yesterday’s Cabinet briefing, Cabinet spokesman – Minister Vijitha Herath said that they are looking to stabilize the prices of chicken feed which will in return control egg prices.