Author: lbostgadmin
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 […]
Advocata Institute Congratulates New President; Offers Expertise in Research and Policy Support
The Advocata Institute extends its heartfelt congratulations to Anura Kumara Dissanayake on his election as the 9th Executive President of the Democratic Socialist Republic of Sri Lanka. In a message addressed to the President, Murtaza Jafferjee, Chairman of the Advocata Institute, and Dhananath Fernando, Chief Executive Officer, acknowledged the trust and confidence placed in President […]
UN renews human rights mandate on Sri Lanka; Sri Lanka rejects resolution
The United Nations Human Rights Council on October 9, 2024, adopted a resolution on the human rights situation in Sri Lanka, which on September 21 elected a new president, Anura Kumara Dissanayake. The resolution renews for another year the mandate of the UN Office of the High Commissioner for Human Rights (OHCHR) to report on […]
U.S. Admiral to Visit Sri Lanka, Strengthening Bilateral Security Cooperation
The U.S. Embassy in Sri Lanka is pleased to announce that Admiral Steve Koehler, a 4-star U.S. Navy Admiral and Commander of U.S. Pacific Fleet, will visit Sri Lanka on October 10, marking the highest-level U.S. military visit to the country since 2021. During the visit, Admiral Koehler will reaffirm the strong partnership between the […]
Ceylon Chamber and Sri Lanka Banks’ Association strengthen ongoing partnership
The Ceylon Chamber of Commerce and the Sri Lanka Banks’ Association (SLBA) signed a Memorandum of Understanding (MOU) to formalise and strengthen their ongoing partnership in promoting sustainable finance and financial inclusion in Sri Lanka. The two organisations through this partnership aim to engage in building both demand-side and supply-side capacity and connectivity on sustainable […]
Increases to VAT rates & removal of exemptions hurt poorest; PAYE & PIT highly progressive: IPS Economist
The Institute of Policy Studies of Sri Lanka (IPS) recently hosted a knowledge-sharing and networking event to mark the release of its annual flagship report, Sri Lanka: State of the Economy 2024. This year’s report, themed “Economic Scars of Multiple Crises: From Data to Policy,” presents a comprehensive analysis of Sri Lanka’s ongoing economic recovery, […]