A circular for reducing the interest rate of commercial banks was issued yesterday, Finance State Minister Ranjith Siyambalapitiya said while speaking to the media after a workshop held last afternoon in Yatianthota.

• Severe congestion at BIA due to about 25,000 daily passenger arrivals and departures
  
• Cost estimated at Rs.15bn; to be completed within six months
  
• Once second terminal comes into operation, prefab terminal to be used for domestic flight operations
  
  

The National Water Supply and Drainage Board (NWSDB) of Sri Lanka is set to launch a project that purifies seawater for the daily use of people in the Jaffna district.

The State Minister for Primary Industries Chamara Sampath Dasanayake this week announced that gem and jewellery exports have garnered an impressive income of $ 315 million year-to-date whilst recording a growth rate of 34%, reaffirming its vital role in strengthening the economy.

July apparel export earnings decline to US$ 401mn, down 23%

For January-July period, apparel export earnings down 19% to US$ 2.68bn

CB chief highlights desire for faster decline in market interest rates

The Monetary Board of the Central Bank of Sri Lanka has 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 11.00 per cent and 12.00 per cent, respectively.

The Bandaranaike International Airport is set to build a pre-fabricated terminal to minimize congestion at the airport.

DFCC Bank, has launched the country’s first Green Fixed Deposit aimed at supporting environmental protection, climate adaptation and other sustainability initiatives.