All Blogs
Janashakthi Group announces transfer of 25% of First Capital Holdings shares to Janashakthi Insurance
Janashakthi Group (JXG), a leading conglomerate in financial services with a presence in the Insurance, Finance, and Investment sectors, announces a strategic move to enhance Group synergies through the transfer of 25% of First Capital Holdings PLC shares to Janashakthi Insurance PLC. This transfer is aimed at fostering a more cohesive and integrated approach across […]
Sri Lanka Eyes Thai Market for fire coconut, wood apple, pineapple, dragon fruit & Scotch Bonnet pepper
Sri Lanka is pushing for greater access to the lucrative Thai fruit market, with Ambassador C.A. Chaminda I. Colonne recently meeting with Deputy Director-General of the Department of Agriculture Dr. Pongthai Thaiyothin to discuss progress on an application to export five unique Sri Lankan fruits. The December 20th meeting, held at the Department of Agriculture […]
Nirvana Chaudhary appointed as Chairman, Union Bank
Union Bank announced the appointment of Nirvana Chaudhary as the Chairman of Union Bank with effect from 21 December 2023. Chaudhary was appointed as a Non-Executive, Non-Independent Director to the Union Bank Board in October 2023. Chaudhary has extensive experience as a business leader and is presently the Managing Director of CG Capital Partners Global […]
New Indian High Commissioner Santosh Jha Presents Credentials to President
In a diplomatic ceremony held at the Presidential Secretariat, the newly appointed High Commissioner of India to Sri Lanka, Santosh Jha, presented his credentials to President Ranil Wickremesinghe, marking the official commencement of his tenure in Sri Lanka. His most recent assignment prior to the Sri Lankan posting was at the Embassy of India in […]
‘ Funds
The Sri Lanka Banks Association (SLBA) has issued a statement defending the use of Parate Execution as a legal remedy for recovering mortgaged assets from wilful defaulters and businesses that are no longer viable. The statement comes in response to what the SLBA terms as “lobbying by a group of defaulting borrowers” seeking to weaken […]
Sri Lanka Revises VAT Exemptions Starting 2024 (Complete List)
The Inland Revenue Department of Sri Lanka has announced an update to the list of goods and services exempted from Value Added Tax (VAT) beginning January 1, 2024. The changes are part of amendments to the VAT Act passed in 2023. Key highlights of the revised VAT exemptions include: Several essential food items like wheat, […]
| Nas Daily in Sri Lanka
This is the most beautiful train ride. You will see beautiful nature. Beautiful culture. And beautiful people. Welcome to one of my favorite countries in the world: Sri Lanka. https://www.youtube.com/watch?v=UxdfZVVRbC0
Sri Lankan SMEs Get Export Boost from EDB Coaching Programme
Recognizing the importance of small and medium-sized enterprises (SMEs) to Sri Lanka’s export potential, the Export Development Board (EDB) recently concluded a six-week coaching programme designed to equip them with the tools and strategies to enter international markets. The “Innovative Export Marketing Planning and Market Pitching Programme” saw 25 promising SMEs participate in workshops, individual […]
Sri Lanka and DFC Discuss Deepening Collaboration for Economic Growth
Following a significant investment in the Colombo Port expansion, Sri Lanka seeks to broaden its partnership with the U.S. International Development Finance Corporation (DFC). Ambassador Mahinda Samarasinghe met with DFC CEO Scott Nathan on December 8th to explore avenues for deeper collaboration aimed at boosting Sri Lanka’s economic growth with potential areas of collaboration, including […]
Mahinda Rajapaksa Makes Public Statement Advocating for Lower Taxes
Former President and current leader of the Sri Lanka Podujana Peramuna (SLPP), Mahinda Rajapaksa, issued a media release today calling for a reduction in income taxes. He argues that the current high tax burden is hurting the economy and driving out skilled professionals. Key Points of Rajapaksa’s Statement: Calls for tax reduction: Rajapaksa emphasizes the importance […]