Author: lbostgadmin
CA Sri Lanka calls on all stakeholders to support Domestic Debt Optimization
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), in its proud standing as the National Body of Accountants, has played a significant role in strengthening the country’s financial landscape since inception, in addition to fostering growth and assisting the country in achieving its economic objectives. Sri Lanka is today at a crucial […]
World Bank Group Adopts Country Partnership Framework for SL to Help Reset Economy
The World Bank Group’s Board of Executive Directors today discussed the new Country Partnership Framework for Sri Lanka, which aims to help restore economic and financial sector stability and build a strong foundation for a green, resilient, and inclusive recovery. This CPF comes at a time when the country is navigating a severe economic crisis that […]
CB Governor gives firm assurance that safety of 57mn bank deposits will be upheld; EPF would not be touched
During a special press briefing held at the Presidential Media Centre on Domestic Debt Optimization (DDO), Dr. Nandalal Weerasinghe, the Governor of the Central Bank, emphasized the importance of relieving the burden on the banking system caused by the already excessive 50% taxes. This measure aims to safeguard the treasury, strengthen the economy, and ensure […]
Visa and SAP join forces to make enterprise payments more efficient
Visa today announced it has entered into a collaboration with SAP to streamline and simplify business-to-business (B2B) payments for enterprises, from businesses small to big, to government agencies and non-profit organisations. The collaboration, led out of Asia Pacific, marks the first time Visa, the world’s leading company in digital payments, and SAP, one of the […]
Harsha calls for legislative amendment to protect holders of domestic debt in a possible restructure
Opposition Parties Stand United for Careful Domestic Debt Restructuring In a press conference held at the Leader of the Opposition’s office, MP Harsha de Silva, expressed his thoughts and suggestions regarding the upcoming domestic debt-restructuring plan in Sri Lanka. He divulged that opposition parties, while cautious about the potential consequences, would discuss the need for […]
Ceylon Chamber calls for political and public support for debt restructuring process
The Ceylon Chamber of Commerce stresses the importance of patience and trust in the domestic debt restructuring process. As emphasized by the Central Bank of Sri Lanka, priority focus will be on maintaining financial system stability and ensuring that depositors will not be adversely impacted. It is vital that we collectively allow for comprehensive and […]
CEB launches e-Billing System replacing traditional printed paper bills
The Ceylon Electricity Board (CEB) announces the upcoming launch of the next phase of their e-Billing system, effective from the 01st of July, 2023. During this phase, customers residing in the Dehiwala, Kelaniya, and Sri Jayewardenepura areas will exclusively receive their electricity bills in a digital format, either through SMS or email. This marks the […]
RIUNIT launches second Bangladesh country report 2023
Research Intelligence Unit (RIUNIT) released its second Bangladesh Country Report 2023 containing key trends and developments in the economy and major sectors such as the residential, commercial and retail real-estate markets as well as the hotel and bare land markets pertaining to the capital of Dhaka. The new report also outlines the behaviour of macroeconomic indicators […]
Sri Lanka to introduce reforms on insolvency laws
The Cabinet has approved a joint proposal presented by the President and the Minister of Justice, Prison Affairs, and Constitutional Reform to authorize the Law Commission to prepare a preliminary draft of the insolvency laws within a period of three (03) months after consultation with the relevant parties. Reforms in the insolvency laws for unincorporated […]
Sri Lankan companies participate in largest trade show in South Africa
Two major Sri Lankan export companies participated in the South African International Trade Exhibition (SAITEX) 2023, an annual multi-sector trade-show, held at the Gallagher Convention Centre in Johannesburg, South Africa from 18– 20June 2023. This year, more than 120 exhibitors from 37 countries participated at SAITX attended by more than 3500 attendees representing importers, wholesalers, retailers, product […]
Foreign Minister Ali Sabry to participate at World Economic Forum in China
Foreign Minister Ali Sabry will lead a delegation to participate at the World Economic Forum to be held in Tianjin, China from 27 to 29 June 2023. The Forum themed ‘Entrepreneurship: The Driving Force of the Global Economy’, will provide a platform for dialogue among political and business leaders from over 90 countries across the […]
CA Sri Lanka launches new code of conduct and ethics for mid-level accountants
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently introduced a new code of conduct and ethics for mid-level professional accountants in yet another ground-breaking initiative to promote the highest standards of integrity and ethics within the accounting profession. The code which is applicable to both Certified Business Accountants (CBA) and Certified […]