Foreign Minister discusses range of projects with Korean Speaker
Foreign Minister Prof. G.L. Peiris hosted a Lunch on 20 January, 2022 in honour of the visiting Korean Delegation headed by …
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Opinion: Special goods and services tax, Issues and concerns
Dr Roshan Perera & Naqiya Shiraz Background The new bill titled ‘Special Goods and Services Tax’ was published by gazette dated 07 January …
CEAT tyres chosen as original equipment for Lanka Ashok Leyland commercial vehicles
CEAT Kelani Holdings has moved into the new year with the added impetus of its appointment as an Original Equipment Manufacturer (OEM) for a range of …
CBSL raises policy rates by 50bps; urges banks to swiftly increase deposit interest rates
Sri Lanka’s Central Bank has decided to adopt several policy measures with a view to strengthening macroeconomic stability. Accordingly, in …
Gamini Senarath appointed new Secretary to President, Anura Dissanayake new Secretary to PM
Gamini Senarath, a senior official of the Sri Lanka Administrative Service, has been appointed as the new Secretary to the President. The letter of …
Women in Management, IFC and Government of Australia recognise inspiring women from Sri Lanka and Maldives
The ‘Top50’ Professional and Career Women Awards 2021 – hosted by Women in Management (WIM), in collaboration with Women in Work, a …
Sri Lanka’s INSEE Cement and IUCN partner to support biodiversity conservation
Siam City Cement Group (SCCC Group) and the International Union for Conservation of Nature (IUCN) extended their partnership for another three years …
Term of Small Tea & Rubber Estate Revitalization Loan Program extended
A rural finance program has been implemented during the period 2019-2021 for revenue generation and market diversification of targeted beneficiaries …
Leading German importer urges agri-product exporters to practice superior packaging to capture European markets
Jan Paul Bethke, a leading German importer of Sri Lankan fruits and tea, urged Sri Lankan agri-product exporters to practice effective and superior …
Sri Lanka pays USD 500mn sovereign bond matured today: CB Governor
The Governor of Sri Lanka’s Central Bank Ajith Nivard Cabraal states that Sri Lanka has paid the USD 500 million sovereign bond that matured …
Fitch Downgrades Sri Lanka’s Long Term Foreign Currency IDR to ‘CC’
Fitch Ratings has downgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CC’, from ‘CCC’. …
We hope to transform ICT & BPM businesses into USD 3bn export sector soon, President assures Parliament
Transforming future Sri Lanka into a technologically driven country, the government hopes to transform ICT / BPM businesses into a USD 3 billion …
Gravely concerned about looming economic crisis in Sri Lanka: Bar Association
The Bar Association of Sri Lanka (BASL) calls upon the government to seek the assistance of acknowledged independent and non-partisan experts both …
Opinion: Why marketers need to be empathetic now than ever
By Thanzyl Thajudeen As leading marketers, we have lately been focusing much of our efforts towards data, digital and the metaverse. We have more …
Sri Lanka’s Sovereign Foreign Debt: To Restructure or Not?
By Dr. Dushni Weerakoon: Sovereign debt restructuring can be pre-emptive or post-default. A default is inherently costly as it can result in a …
S&P downgrades Sri Lanka; Central Bank disputes
Sri Lanka’s Central Bank says that S&P’s assessment to downgrade the rating has clearly failed to recognise the recent progress made by …
Hela Apparel Holdings IPO oversubscribed on opening day
The initial public offering (IPO) of shares of Hela Apparel Holdings Limited (Hela Clothing), one of the largest IPOs ever in Sri Lanka, received an …
Second phase constructions of Eastern Container Terminal at Colombo Port commenced
The construction work of the second phase of Eastern Container Terminal at the Colombo Port commenced this morning (12) under the patronage of the …
Opinion: Repay foreign debt or finance essential imports
By Chair of our Academic Programme and former Economic Adviser at the World Bank, Dr. Sarath Rajapatirana, and our Senior Research Fellow, and former …
Fitch Ratings Now Forecasts Two Fed Rate Hikes This Year, Four in 2023
Fitch Ratings expects the Fed to raise rates twice in 2022 and four times in 2023, taking the Fed funds rate (upper bound) to 1.75% by end-2023 from …
SIR PONNAMBALAM ARUNACHALAM (1853-1924)
On the 98th Death Anniversary which falls on January 9, 2022 Compiled by Sega Nagendra and Suresh Murugaser, great grandchildren of Sir P. …
How Samsung foldables are defining the future of smartphone innovation
When Samsung Electronics revealed its first prototype of a flexible display back in 2011, few people realized they were witnessing a glimpse into the …
Hela Apparel Holdings prepares for upcoming IPO on 12th Jan
The initial public offering of Hela Apparel Holdings Limited (the holding company of the Hela Clothing Group) is set to open on the 12th of January …
SriLankan Airlines reports a net Profit in December 2021
SriLankan Airlines reports a Company Profit of USD 9.25 million and a Group Profit of USD 10.66 million for December 2021, which is the first …