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President to Inaugurate Sri Lanka Economic Summit 2022
The upcoming Sri Lanka Economic Summit 2022, the foremost and most anticipated annual economic event in Sri Lanka, will be inaugurated by the Chief Guest, President Ranil Wickremesinghe, under the theme Resetting from Turmoil to Opportunity on 5th December at the Shangri-La Hotel, Colombo. This year the Summit will focus on key levers that will […]
First Capital forges ahead amidst a challenging economic environment
First Capital Holdings PLC (the Group) recorded a Profit after Tax of Rs. 823Mn for the six months ended 30th September 2022 compared to Loss after Tax of Rs. 303Mn in the corresponding period of the previous year. The Primary Dealer division reported a Profit after Tax of Rs. 1.1Bn for the six months ended […]
CCC says budget is in right direction but stresses implementation is key to success
The Ceylon Chamber of Commerce observes that the National Budget for 2023 contains many laudable reform proposals which, if implemented in a timely manner, will complement the on-going fiscal reforms outlined prior to the Budget. Full Statement It is refreshing to see that the direction of the budget is towards reforms as compared to unsustainable […]
The world population reaches 8 billion people
Our world is approaching a landmark moment in human history. On 15 November 2022, the global population is projected to reach 8 billion people. Thanks to science, technology, and groundbreaking innovations, we now live longer and healthier. It took the human family 125 years to get from 1 billion to 2 billion. But only 12 […]
Group Chairman SLT proposes four fundamental policies to transform loss-making SOEs
While selling assets may be the easiest solution to ward off the national crisis Sri Lanka currently faces, another option lies in transforming loss-making SOEs (State Owned Enterprise) whose rich assets can be turned around to profitability driven and managed by clean, experienced corporate executives, said the SLT Group Chairman Rohan Fernando. He made these […]
Budget 2023: Download Budget Speech (Text)
Budget Speech 2023: DOWNLOAD
Budget Speech 2023 – Highlights
President and Finance Minister Ranil Wickremesinghe is delivering the Second Reading of the Appropriation Bill for the financial year 2023 in Parliament. Economic Outlook We are expecting a positive outcome from debt talks; we were able to manage inflation. Vietnam used to follow our stystem but they are ahead of us now; their main income […]
Fitch Affirms Ceylon Electricity Board at AA-(lka); Outlook Stable
Fitch Ratings has affirmed Sri Lanka-based Ceylon Electricity Board’s (CEB) National Long-Term Rating at ‘AA-(lka)’ with a Stable Outlook. They have also affirmed the National Long-Term Rating on CEB’s senior unsecured debentures at ‘AA-(lka)’. CEB’s ratings are equalised with that of its parent, the Sri Lankan sovereign (Long-Term Local-Currency Issuer Default Rating: CCC/Under Criteria Observation), […]