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dnata Travel Group launches global travel industry event to boost tourism in Sri Lanka
dnata Travel Group, a leading Dubai-based travel services provider, part of the Emirates Group, is launching a travel industry event in Sri Lanka this June, Horizon: Sri Lanka, hosted by senior representatives from its global brands, amidst growing demand for travel to the island country. For dnata Travel Group brands and its partners at Emirates […]
Sri Lanka’s Central Bank Governor Discusses Cryptocurrency Regulation Amidst Calls for Relaxation
In a press conference held today, Sri Lanka’s Central Bank Governor, Nandalal Weerasinghe, reiterated his concerns over the use of cryptocurrencies, which are currently not accepted in the country. “Cryptocurrency has been recognised in some markets as an asset class, but this asset class is highly volatile and risky. So, without proper regulation and supervision, […]
”s proposed wage hike for plantation sector workers
The plantation industry raised its strongest possible objections to the Government’s arbitrary, reckless, unilateral decision to drastically hike minimum wages for tea and rubber sector workers by an unprecedented 70%. All producer stakeholders issued a unified warning against the devastating impact the latest increase will have on the plantation sector, leading crippling operational challenges, ultimately […]
Central Bank of Sri Lanka maintains policy interest rates at their current levels
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 27 May 2024, 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 8.50 per cent and 9.50 per cent, respectively. The Board arrived […]
Singapore offers assistance to upgrade Immigration system in Sri Lanka
The High Commissioner of Sri Lanka to Singapore Senarath Dissanayake met a team of officials from the Immigration Checkpoint Authority (ICA) of Singapore at the High Commission recently. The ICA delegation is scheduled to visit Sri Lanka from 26 to 31 May 2024 and the visit aims to explore opportunities for collaboration in enhancing Sri […]
Eran: Can government, which failed to reach the expected tax revenue last year, save the country from bankruptcy?
SJB Parliamentarian Eran Wickramaratne addressing the media Sunday in Colombo said that although the government entered into an agreement with the International Monetary Fund to increase the state revenue and cover up the budget deficit to save the country from the bankruptcy, the failure of the government to achieve the expected revenue targets in 2023 […]
Central Bank launches financial literacy roadmap of Sri Lanka 2024-2028
The Central Bank of Sri Lanka launched the Financial Literacy Roadmap of Sri Lanka, marking a significant step towards enhancing the financial capabilities of Sri Lankans, in Colombo Tuesday. This Roadmap, a cornerstone of Sri Lanka’s National Financial Inclusion Strategy (NFIS), offers evidence- based guidance to all stakeholders engaged in financial literacy initiatives, aligning them […]
JKH records strong Q4 2023/24 with recurring EBITDA growth of 20-pct to Rs.14Bn
• During the fourth quarter, the Group reported a strong performance across most businesses, with Consumer Foods, Transportation and Leisure, in particular, recording significant growth. The performance seen in most of the businesses is a reflection of the improving macroeconomic conditions in the country and is a continuation of the growth momentum witnessed in the […]
CSE Shortens Settlement Cycle for Equity Trades
The Colombo Stock Exchange (CSE), in consultation with the Securities and Exchange Commission of Sri Lanka (SEC) and industry participants, has announced that the settlement cycle for equity transactions will be reduced from T+3 to T+2 with effect from 10th June 2024 (i.e. trades taking place on and after 10th June 2024). The concept of […]
‘s Exports Up 1.25-pct to USD1.11 Billion in April
The total exports (Merchandise & Service) for the month of April 2024 was recorded as US$ 1,114.22 Million increasing 1.25 % over the corresponding period of 2023. As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in April 2024 amounted to US$ 813.81 million, recorded decrease of 4.1 % […]