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Opinion: VAT Hike in Sri Lanka: Who Really Pays the Price?
By Priyanka Jayawardena Earlier this year, Sri Lanka introduced major changes to the Value Added Tax (VAT) system. The VAT rate increased from 15% to 18%, and tax exemptions were removed for 97 items, including essential goods such as gas and stationery. While these revisions aimed to boost government revenue, they have also significantly increased […]
CFA Society Sri Lanka Announces WindForce PLC as Subject Company for Research Challenge 2024/25
CFA Society Sri Lanka is pleased to announce that WindForce PLC has been selected as the subject company for its 18th annual CFA Institute Research Challenge Sri Lanka 2024/25. The CFA Institute Research Challenge is an annual global competition that promotes best practices and ethical standards in equity research among university students, offering them invaluable […]
MTI to develop Strategy for Rwanda’s FDIs, Tourism, and Exports in Collaboration with RDB
Following a competitive international pitch, MTI Consulting has been selected by the Rwanda Development Board (RDB) to develop its 5-year Strategic Plan. The Rwanda Development Board (RDB) is a government agency with a vision to transform Rwanda into a dynamic global hub for business, investment, and innovation. Its mission is to fast-track economic development in […]
Opinion: What More Can SL’s Government Do? Strategies to Solidify Economic Progress Post-Elections
By Uddeepa Peiris What More Can Sri Lanka’s Government Do? Strategies to Solidify Economic Progress Post-Elections While the recent presidential elections in Sri Lanka have set a positive tone for the country’s economic and political landscape, there is still significant work to be done to build on this momentum. The government’s initial focus on anti-corruption, […]
CSE Introduces High-Yield Bonds to Enhance Access to Capital Markets through Debt Issuances
The Colombo Stock Exchange (CSE) has introduced High-Yield Bonds, allowing companies with ratings below investment grade to raise capital by way of issuing bonds via the CSE. Unlike standard listed corporate bonds which require a minimum rating of at least one notch above investment grade, this initiative enables companies that previously faced challenges in meeting […]
Opinion: Who Really Benefits? Tackling Inequality, Welfare & Healthcare Challenges in SL
By Sulochana Silva and Rashmi Anupama Sri Lanka’s recent Value Added Tax (VAT) revisions have placed a heavier burden on lower-income households, who now spend 10% of their income on VAT. This tax burden, along with broader issues in taxation, welfare, and healthcare, was a central focus at the Institute of Policy Studies of Sri […]
U.S. Transfers Beechcraft King Air 360ER to SL Air Force, Enhancing Maritime Domain Awareness & Security
At a ceremony held today at Sri Lanka Air Force Base Katunayake, U.S. Navy Admiral Steve Koehler, commander, U.S. Pacific Fleet, officially handed over a Beechcraft King Air 360ER aircraft, gifted by the United States, to the Sri Lanka Air Force (SLAF). The event, attended by U.S. Ambassador Julie Chung, Secretary to the Ministry of […]
‘s Fight for Economic Survival & Sovereignty, A Strategic Blueprint for SL’s Currency Revival
By Jithendra Antonio A Nation at the Crossroads Sri Lanka’s currency, the Sri Lankan Rupee (LKR), has faced an unrelenting battle over the years, weakening under the weight of global economic shifts, domestic instability, and mounting debt. The rupee’s value, once steady, has plunged to alarming depths, with the exchange rate at over 300 LKR […]
Cinnamon Air Launches New Flights Connecting South Coast with Cultural Triangle and Central Hill Country
Cinnamon Air, Sri Lanka’s premier domestic airline, is proud to announce the launch of two new daily scheduled flights connecting Kandy and Sigiriya with the South Coast destinations Koggala and Hambantota. These flights are set to commence on 1st November 2024 and will operate until 30th April 2025, strategically timed to cater to the influx […]
IFC, EBRD, EU, and France Help Deliver Largest FDI in Ukraine Since Invasion
IFC, a member of the World Bank Group, and the European Bank for Reconstruction and Development (EBRD), with support from the European Commission (EC) and the Government of France in form of guarantees, are enabling an investment program to modernize, expand, and improve telecom service quality in Ukraine. IFC and the EBRD are jointly providing […]