Tourist arrivals struggle in October

0.5% gain in October; Cumulative arrivals up 10.6% to over 1.8 m
India, China, UK continue as top sourcing markets

Asia and Pacific largest source of tourist traffic to SL with 47% of total received


Sri Lanka 's Tax Appeals Commission revived

The Tax Appeals Commission (TAC) which has been inactive for some time has now been revived with the reappointment of Justice Hector Yapa as Chairman and Justice Sunil Rajapakse and Mr. S. Swarnajothi Former Auditor General as members by Hon. Prime Minister Mahinda Rajapakse as the Minister of Finance and Economic Affairs.


Stock market dip persists

The decline of the Colombo stock market continued owing to negative sentiments as investors lost confidence amidst the deteriorating political scenario. Acuity Stock Brokers said the Bourse ended on a negative note as the ASPI decreased by 1.24%, or 74.88 points, to close at 5,987.21 points, while the S&P SL20 Index also decreased by 2.51%, or 79.94 points, to close at 3,110.64.


Economy in peril: Kabir

Warns debt financing in danger on possible higher interest rates
Says Rs. 7 b outflow from Govt. securities since standoff Insists suspended loans by international partners hampering development
Eran renews call for Parliament to be reconvened


National Savings Bank achieves milestone in international funding of $ 100 m

NSB General Manager/CEO S.D.N. Perera (right) exchanges the agreement with Commerzbank Managing Director/Head of FIC Sales MENA and Indian Sub-Continent Deep Sitlani. Others from left are NDB Investment Bank Director/CEO Darshan Perera, Commerzbank Managing Director Mohammed Lawal, Commerzbank Fixed Income Sales Middle East Avinash Bathija, NSB Deputy General Manager (Credit) Christine S. Jesudian, Alpen Capital (ME) Senior Directors Sharmin Karanjia and Dilip Samanthilaka and Executive Chairman Rohit Walia

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