All Blogs
Eran Challenges USD20 M Mineral Discovery Seizure in Puttalam by Politically Connected Group
Former Minister of State for Finance Mr. Eran Wickramaratne raised a question in Parliament as to why Puttalam Ilmenite Limited (PIL) which has spent over USD 20 million over the last 10-years, has been denied entry to Sri Lanka Cement corporation land hindering the project realisation. The envisaged investment is USD 100 million which is the largest […]
Montana National Guard, U.S. Pacific Air Forces & Sri Lanka Air Force to conduct joint military exercise
The Montana National Guard and U.S. Pacific Air Forces, in collaboration with the Sri Lanka Air Force and members of the Maldives National Defense Force, are conducting ‘Atlas Angel,’ a joint military exercise aimed at enhancing preparation and response to natural and man-made disasters. From August 5- 9, more than 70 U.S. personnel and two […]
Maintaining macroeconomic stability, restoring debt sustainability require further efforts to raise fiscal revenues: IMF
The IMF staff team has concluded its visit to Sri Lanka, emphasizing the need for continued efforts to maintain macroeconomic stability and restore debt sustainability. The preliminary findings highlight the importance of raising fiscal revenues and exercising spending restraint to achieve a medium-term primary balance objective of 2.3% of GDP, which is crucial for the […]
‘s Fiscal Burden: Who Needs a State Pension?
By Priyanka Jayawardena: Public sector workers’ pensions are paid by tax revenue, with 12% of government revenue allocated for pensions. An IPS analysis shows that public service pensions are not a progressive welfare programme, with half of the publicly funded pensions benefitting the top 20% wealthier group. Implementing a contributory pension fund is crucial to […]
CameraLK Unveils New Sony Service Center with Specialized Repair Solutions
CameraLK, Sri Lanka’s leading camera retail giant, recently unveiled its brand-new CameraLK Service Center at 244 High Level Rd, Colombo 05. This state-of-the-art facility is dedicated to servicing and repairing Sony cameras, lenses, drones, and accessories, further solidifying CameraLK’s position as the premier destination for photography enthusiasts in the country. The grand opening was made […]
Private Sector Companies Awarded Authorised Economic Operator Status
Thirty-one private sector companies were awarded the prestigious AEO Tier 1 status at a Sri Lanka Customs awarding ceremony on 30 July at the NH Collection Colombo. State Minister of Finance Ranjith Siyambalapitiya was in attendance as the Chief Guest. The Ceylon Chamber of Commerce, expertly facilitated and coordinated the entire training programme which was […]
Applications are now open for Presidential Export Awards 2023/24
The Sri Lanka Export Development Board (EDB) is pleased to announce that applications are now open for the Presidential Export Awards (PEA) 2023/24. The PEA ceremony is scheduled to be held in November 2024 at the Bandaranaike Memorial International Conference Hall (BMICH) under the patronage of the President of the Democratic Socialist Republic of Sri […]
Sri Lanka CCPI based headline inflation up by 2.4-pct in July 2024
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) was recorded at 2.4 percent in July 2024. Inflation continued to remain below the targeted level of 5 percent even after this acceleration. Food inflation (Y-o-Y) accelerated marginally to 1.5% in July 2024 from 1.4% in June 2024. […]
Central Bank of Sri Lanka publishes its inaugural market operations report
The Central Bank of Sri Lanka (the Central Bank) released its inaugural Market Operations Report (MOR) with the aim of enhancing awareness and knowledge among the stakeholders on monetary operations carried out by the Central Bank in line with the prevailing monetary policy stance. The MOR would be a catalyst to improve transparency and accountability […]
Offshore banking regulations gazetted for banks set to operate at Port City Colombo
Port City Colombo announced that two regulations, Offshore Banking, and Offshore Banking — Prudent Management and Confidence, have been gazetted for commercial operations within the area of authority of the Colombo Port City Special Economic Zone. This was made official through the Gazette Notification <2394/66 and 2394/67> dated 26th July 2024. Being yet another key […]