Author: lbostgadmin
Unveiling Trade Potential: An Ex-Ante Analysis of the Sri Lanka – Thailand FTA
Sri Lanka and Thailand are engaged in expedited negotiations for a free trade agreement (FTA), aiming to conclude the negotiations by early 2024. Both countries share a strong interest in expanding their trade ties, with Sri Lanka seeking preferential access to Thailand’s market and Thailand keen to tap Sri Lanka as a gateway to South […]
Ceylon Chamber of Commerce Advocates for Healthcare Reform and Patient Safety in Sri Lanka
The Ceylon Chamber of Commerce has taken a proactive stance in addressing critical issues within Sri Lanka’s healthcare sector, recognising the importance of patient safety, access to quality healthcare, and fostering industry growth. The Ceylon Chamber initiated a meeting with the Minister of Health Keheliya Rambukwella, and outlined a comprehensive plan of action to revitalize […]
CSE to introduce Regulated Short Selling through Stock Borrowing & Lending to enhance trading opportunities
The Colombo Stock Exchange (CSE) is pleased to announce the introduction of two significant initiatives shortly, Regulated Short Selling (RSS) through Stock Borrowing and Lending (SBL), which are aimed at enhancing trading opportunities and flexibility for investors. In this regard, the CSE conducted an awareness session on RSS and SBL, to the institutional and high […]
JICA to provide Technical Cooperation in Power Sector Reforms of Sri Lanka
The Cabinet appointed a Senior Lead advisor as the Head of Power Sector Reform Secretariate, to provide Strategies to coordinate activities pertaining to the implementation of the reform process of the Power Sector. The said Senior Lead advisor’s assignment is funded by JICA, as a grant in JICA’s technical cooperation. In March 2023, the IMF […]
SEC Announces Enhanced Corporate Governance Rules
The Securities and Exchange Commission of Sri Lanka has announced revisions to Corporate Governance Rules applicable to entities listed on the Colombo Stock Exchange with effect from 1st October 2023. High standards of Corporate Governance with accountability and transparency are critical to building investor confidence in the capital market and is therefore a priority […]
Ceylon Chamber Urges Government to Reconsider SVAT Abolition
The Ceylon Chamber of Commerce is urging the Government to reconsider its recent decision to abolish the Simplified Value Added Tax (SVAT) system given the impact it will have on the functioning of the export industry. This comes at a critical time when Sri Lanka has seen a significant dip in exports of over 10% […]
President heads to Cuba to address G77 + China Leaders’ Summit
President Ranil Wickremesinghe is set to depart for Cuba to address the G77 + China Leaders’ Summit next week. This summit, themed “Current Development Challenges: Role of Science, Technology and Innovation,” is scheduled for September 15 and 16, 2023, in Havana, Cuba. President Wickremesinghe’s participation in the summit comes as a result of an official […]
Tax to 30-pct on EPF is unjust as members end up paying more than corporate sector: Eran W
Eran Wclramaratne stressed that chapter 27 of the Constitution, envisages that the directive principles policy shall guide parliament, President and the Cabinet of Ministers in the enactment of laws and the governance of Sri Lanka to establish a just society. But the government’s Domestic Debt Optimisation programme highlights the government’s discriminatory principles and that the […]
Mastercard and Colombo Port City Economic Commission Sign MoU for City Possible
Mastercard and Colombo Port City Economic Commission today announced the signing of a Memorandum of Understanding (MoU) to collaborate by leveraging Mastercard’s City PossibleTM platform for the development of Port City Colombo, an export-oriented, multi-service-focused Special Economic Zone. Colombo Port City Economic Commission envisions positioning Port City Colombo, as a modern, sustainable, Smart City, and […]
Tea Exporters Association Highlights Resilient Tea Industry Amidst Global Challenges
The 24th Annual General Meeting (AGM) of the Tea Exporters Association (TEA) was held on the 1st of September 2023, amidst the presence of industry stakeholders and esteemed guests. The AGM, which took place at the Grand Marquee, Taj Samudra, showcased the resilience of the Sri Lankan tea industry amidst global challenges. Vimalendra Sharan, FAO […]
You will find many surprises in the next budget: President
Sri Lanka’s President Ranil Wickremesinghe, who is also the Finance Minister, told Parliament yesterday that there will be many surprises in the next budget. He was responding to a query made by the Chairman of the Committee on Public Finance Harsha de Silva on DDO. “Don’t go to the company that is making unconscionable profits […]
Australian Government to hold Study Australia Showcase in Colombo
The Australian Trade and Investment Commission (Austrade) will hold a Study Australia Roadshow in Colombo on 14 September 2023. The showcase will be a one-stop-shop to address visitors’ queries on studying in Australia. The roadshow will be a valuable platform for students, parents and school teams to engage directly with delegates from an extensive line-up […]