The Central Bank of Sri Lanka Releases its inaugural Annual Economic Review and Financial Statements and Operations of the Central Bank for the Year 2023
Business Today Sri Lanka|May 2024
The inaugural publication under Section 80 of the Central Bank of Sri Lanka Act, No. 16 of 2023 (CBA),namely, the Annual Economic Review 2023, and the inaugural publication under Section 99 of the CBA, namely, Financial Statements and Operations of the Central Bank 2023, were presented to Ranil Wickremesinghe, the President and Minister of Finance, Economic Stabilization and National Policies, by Dr. P Nandalal Weerasinghe, the Governor of the Central Bank of Sri Lanka.
The Central Bank of Sri Lanka Releases its inaugural Annual Economic Review and Financial Statements and Operations of the Central Bank for the Year 2023

The Annual Economic Review (AER) consists of three chapters: Chapter 1 presents an analysis of the macroeconomic developments and conditions of the financial system of the economy; Chapter 2 provides a review of Central Bank policies, covering the monetary policy framework, monetary policy stance and measures, external sector policies, and financial sector policy measures; and Chapter 3 provides a macroeconomic outlook, covering the global economic environment and the domestic economy. Furthermore, the AER contains seven box articles on topical themes and a box article on  major  economic policy measures implemented by or related to the Central Bank.

The report also contains Statistical Appendix tables with selected annual data for the last 5 to 10 years and Special Statistical Appendix tables with selected  annual  data from 1970. In addition to the printed version, an online version of the Statistical Appendix (142 tables) and the Special Statistical Appendix (11 tables) is published simultaneously in Microsoft Excel spreadsheet format in all three languages with additional historical data (QR codes and links to access the tables are given in the printed version of the AER).

هذه القصة مأخوذة من طبعة May 2024 من Business Today Sri Lanka.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 2024 من Business Today Sri Lanka.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS TODAY SRI LANKA مشاهدة الكل
NDB Posts Strong Profitability in the first half of 2024
Business Today Sri Lanka

NDB Posts Strong Profitability in the first half of 2024

National Development Bank continued to demonstrate strategic agility and resilience despite less-than-conducive operating conditions, as was reflected in its financial performance for the six months ended June 30, 2024. The Bank posted a pre-tax profit of 6.5 billion rupees for the period under review, an impressive growth of 58 percent, predominantly driven by healthy net interest income.

time-read
2 mins  |
September 2024
BOC Concluded 22.4 billion PBT in First Half of 2024
Business Today Sri Lanka

BOC Concluded 22.4 billion PBT in First Half of 2024

In the first half of 2024, Bank of Ceylon navigated the challenging landscape of the Sri Lankan economy with strategic foresight. Despite heightened competition and global economic uncertainties, BOC delivered a Profit Before Tax (PBT) of 22.4 billion rupees, a growth of 114 percent. This performance underscores the Bank's resilience and adaptability in an environment marked by fluctuating market conditions and challenges.

time-read
4 mins  |
September 2024
Celebrating 24 Years of Empire Teas: A Journey of Dedication and Excellence
Business Today Sri Lanka

Celebrating 24 Years of Empire Teas: A Journey of Dedication and Excellence

Empire Teas celebrates its 24th anniversary with a remarkable journey that showcases the Company's shared vision, hard work, and unwavering dedication.

time-read
1 min  |
September 2024
Tokyo Cement Group is off to an Optimistic start in the Financial Year 24/25
Business Today Sri Lanka

Tokyo Cement Group is off to an Optimistic start in the Financial Year 24/25

Tokyo Cement Group (Tokyo Cement) reported a turnover of 11,665 million rupees and a Profit After Tax (PAT) of 707 million rupees for the first quarter ended June 30, 2024.

time-read
2 mins  |
September 2024
The Current State and Future Prospects of Cryptocurrency
Business Today Sri Lanka

The Current State and Future Prospects of Cryptocurrency

Cryptocurrency, a digital or virtual currency secured by cryptography, has rapidly evolved from a niche interest into a significant global financial instrument. With the emergence of thousands of different cryptocurrencies, the market has expanded and diversified, drawing attention from investors, governments, and technologists alike. As we stand at a pivotal moment in the development of cryptocurrency, this article explores the current state of the market, regulatory landscapes, technological advancements, and the challenges and future prospects that could shape the future of this dynamic industry.

time-read
8 mins  |
September 2024
SLT-MOBITEL reports Moderate Revenue Growth in the First Half of 2024
Business Today Sri Lanka

SLT-MOBITEL reports Moderate Revenue Growth in the First Half of 2024

The company remains focused on leveraging its strategic initiatives to drive future growth and sustainability. With ongoing efforts to enhance operational efficiency and cost management, SLT-MOBITEL is well-positioned to navigate the evolving market landscape and deliver long-term value to its stakeholders.

time-read
2 mins  |
September 2024
DFCC Bank's Strong Financial Performance
Business Today Sri Lanka

DFCC Bank's Strong Financial Performance

DFCC Bank reported a Profit Before Tax (PBT) of 7,237 million rupees and a Profit After Tax (PAT) of 4,654 million rupees for June 30, 2024. The Group recorded a PBT of 8,342 million rupees and PAT of 5,739 million rupees for June 30, 2024 compared to 5,867 million rupees and 3,923 million rupees.

time-read
2 mins  |
September 2024
The National Savings Bank recorded a Profit before Tax 15 billion for the First Six Months of 2024
Business Today Sri Lanka

The National Savings Bank recorded a Profit before Tax 15 billion for the First Six Months of 2024

National Savings Bank had already surpassed the previous year's profit after Tax (PAT) by the second quarter of this year. The Bank registered a PBT of 15 billion for the six months of 2024, whereas the PAT for 2023 was 7.21 billion rupees.

time-read
2 mins  |
September 2024
Pan Asia Bank posts Steady Performance
Business Today Sri Lanka

Pan Asia Bank posts Steady Performance

Pan Asia Banking Corporation reported a steady performance reflecting improved macroeconomic conditions as the Bank reported its financial performance during the first half of 2024.

time-read
2 mins  |
September 2024
The Sinaloa Cartel: Rise, Fall, and the Enduring Influence of Mexico's Most Notorious Criminal Enterprise
Business Today Sri Lanka

The Sinaloa Cartel: Rise, Fall, and the Enduring Influence of Mexico's Most Notorious Criminal Enterprise

In the annals of modern crime, few organizations have garnered as much infamy and fear as the Sinaloa Cartel. Founded in the mountainous regions of Sinaloa, Mexico, this cartel grew from humble beginnings to become one of the most powerful and violent drug trafficking organizations in the world. Its influence extends far beyond Mexico, affecting drug markets across the globe, from the United States to Europe, Asia, and even Africa. At the heart of this sprawling empire were two of the most elusive and feared men in the world: Joaquín \"El Chapo\" Guzmán and Ismael \"El Mayo\" Zambada. This comprehensive story charts the rise of the Sinaloa Cartel, the dramatic captures of its leaders, and the ongoing struggle for power within its ranks.

time-read
8 mins  |
September 2024