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Central Bank Issues Warning Against Pro Care Pyramid Schemes, Citing Banking Act Violations
The Central Bank of Sri Lanka has determined Pro Care (Pvt) Ltd., Shade of Procare (Pvt) Ltd have engaged in a scheme prohibited under Section 83 (C) of the Banking Act, No. 30 of 1988, as amended. Further, the following Companies/Apps have also been determined as prohibited schemes under Section 83 (C) of the Banking […]
Property Market Shows Signs of Growth Despite High Taxes & Bureaucratic Hurdles
Industry experts at the Lanka Property Show 2025 expressed confidence in Sri Lanka’s real estate sector, highlighting its potential for growth despite past economic challenges. While factors such as rising interest rates, currency depreciation, and fluctuating taxes previously impacted the market, experts were optimistic that stabilizing interest rates, exchange rates, and tax policies will foster […]
Capital Alliance Investments Ltd Lists the ‘CAL Five Year Closed End Fund’ on the CSE
The units of the ‘CAL Five Year Closed End Fund’ were officially listed on the Colombo Stock Exchange (CSE) on 20th March 2025. Accordingly, a total of 914,925,446 units were listed by way of an Introduction. This significant milestone was commemorated with a special Bell Ringing Ceremony. The event was attended by Mr. Gayan De […]
Who Stands to Lose? The Effects of GSP+ Withdrawal on Sri Lanka’s Exports and Labour Force
Growing uncertainties on the future of global trade as President Trump seeks to impose reciprocal tariffs make programmes such as the European Union’s Generalised Scheme of Preferences Plus (GSP+) more significant for small exporters such as Sri Lanka. With a reported visit by EU representatives to assess GSP+, it is important to note that in […]
Second Lot of Vehicles for Domestic Market Discharged at HIP
Continuing to strengthen its role as a key automotive shipment hub, Hambantota International Port (HIP), successfully discharged the second batch of vehicles for the domestic market last week. A total of 1,159 vehicles were handled during the ship’s call, including 462 BYD vehicles designated for the Sri Lankan market. The overall operation entailed the discharge […]
Commander of the U.S. Indo-Pacific Command Admiral Samuel Paparo to visit Sri Lanka
The U.S. Embassy in Sri Lanka is pleased to announce that the Commander of the U.S. Indo-Pacific Command (INDOPACOM), Admiral Samuel J. Paparo, will travel to Colombo from March 19-21. During his visit, Admiral Paparo will engage with senior Sri Lankan government officials and military leaders to reaffirm the enduring U.S.-Sri Lankan security partnership and […]
World Growth Forecasts Cut Sharply as US Starts Global Trade War: Fitch Ratings
The new US administration has started a global trade war that will reduce US and world growth, push up US inflation and delay Federal Reserve rate cuts, Fitch Ratings believes. We have cut both our US 2025 growth forecast to 1.7% from 2.1% in the December 2024 Global Economic Outlook (GEO) and our 2026 forecast to 1.5% […]
‘s Q4 GDP Growth Hits 5.4-pct, 2024 Projected at 5.0-pct
Issuing a communiqué, on releasing National Accounts Estimates, the DCS states that the GDP growth rate for the year 2024 has been estimated as 5.0 percent of positive growth rate. Accordingly, the Gross Domestic Product for Sri Lanka for the year 2024 at constant price (2015) increased up to Rs. 12,472,469 million from Rs. 11,877,556 […]
Fortude celebrates milestones in leadership development and community impact
Fortude, a global enterprise technology solutions provider, celebrated key milestones achieved under the Guiding Leadership & Outreach (GLO) program, a pioneering leadership development initiative by the Association of HR Professionals (AHRP) and Global Learning Labs. Through a series of transformative learning experiences, Fortude has empowered aspiring leaders while extending its impact beyond corporate boundaries to […]
eChannelling Unveils AI-Powered eHospital and Health Scan at Medicare 2025
eChannelling PLC, Sri Lanka’s pioneering digital healthcare platform, showcased groundbreaking AI-powered health technologies at Medicare 2025, Sri Lanka’s largest healthcare exhibition held from February 28 to March 2, 2025, at BMICH, Colombo. As the Official Digital Healthcare Partner for Medicare 2025, eChannelling unveiled multiple innovations designed to transform healthcare accessibility and monitoring in Sri Lanka, […]