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Change of govt can only be brought about through a parliamentary election, says President
President Ranil Wickremesinghe emphasized that the only way to bring about a change of government is through a parliamentary election and not through street protests, stating that the latter is not a viable option for the parliament. The President emphasized that a nation can become anarchic due to an economic collapse and urged everyone to […]
IMF staff mission for Sri Lanka defends new tax schedule for personal income tax
The tax package, including the new tax rate schedule for personal income tax, is in line with international comparison, defending the government’s new tax structure, the IMF staff mission for Sri Lanka said. In response to recent media reports about tax hikes in the country, the staff mission said in a statement that those who […]
‘ RTI
Transparency International Sri Lanka (TISL) welcomes the landmark determination of the Court of Appeal this week that affirms the order of the Right to Information Commission to disclose the requested information on the Declarations of Assets and Liabilities of Members of Parliament in Sri Lanka. In February 2021, the Right to Information (RTI) Commission in […]
Aitken Spence Travels sets stage to welcome inaugural Bulgarian flight for 2023
Aitken Spence Travels (AST) welcomed a charter flight from Bulgaria on 02nd March 2023 to the Mattala Rajapaksa International Airport (MRIA) with 200 holiday makers. The visitors from Bulgaria will be discovering Sri Lanka with excursions to explore the vivid culture of the country including Kandy city, the cultural triangle, Pinnawela, the misty mountains of […]
CA Sri Lanka expands its global footprint with an overseas chapter in Canada
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), which prides itself on being a world-class professional body, continued to expand its global presence by launching its seventh overseas chapter in Canada. The CA Sri Lanka Canada Chapter was formally launched at the Burnaby Executive Hotel in Vancouver in the presence of Sanjaya Bandara, […]
IFS marks 25th anniversary of the inception of its operations in Sri Lanka
IFS, the global cloud enterprise software company, announced today that it is celebrating the 25th anniversary of the inception of its Sri Lankan operations. Since its humble beginning in 1997, with just 26 employees in a two roomed office in Colombo 03, IFS has made major investments into the workforce and community, becoming the second […]
Colombo Stock Exchange opens its newest branch in Panadura
The Panadura branch of the Colombo Stock Exchange (CSE) was officially opened to the public by the CSE Chairman, Dilshan Wirasekera, on the 2nd of March 2023, with the participation of a few Stockbroker Firms, President of Sinhala Business Association Gihan Kuruppu, CSE CEO Rajeeva Bandaranaike, Senior Management and the staff. Panadura Branch is the […]
World Bank VP concludes visit to SL, Reaffirms support to protect people
World Bank Vice President for South Asia, Martin Raiser, recently concluded his four-day visit to Sri Lanka, reaffirming the World Bank’s continued support to help the country navigate economic challenges, implement critical reforms, and chart a path towards a resilient and inclusive recovery. Raiser met with Sri Lanka’s President and Minister of Finance H.E. Ranil […]
President instructs to create a data bank for unused govt-owned lands
President Ranil Wickremesinghe has given instructions to digitize investment information to make it easily and quickly accessible to interested parties. The purpose of this move is to encourage and promote investment opportunities in Sri Lanka, allowing investors to identify new investment prospects with ease. In addition to this, the President has also pointed out the […]
Merchandize exports record one billion dollars in January 2023
Sri Lanka’s merchandise exports decreased by 8.98 % to US$ 1,001.9 Million in January 2023 compared to January 2022 as per the data released by the Sri Lanka Customs. However, it is a 6.97% increase when compared to January 2021. Table 1: Merchandise Export Performance […]