Author: lbostgadmin
Japan extends additional USD 6.6 mn to Sri Lanka for emergency food & nutrition assistance
The Government of Japan has contributed an additional US$6.6 million to the United Nations World Food Programme (WFP) to provide critical food and nutrition assistance to over one million Sri Lankans. Through this funding, WFP will provide families with food baskets comprising rice, pulses and cooking oil, to meet half their monthly food needs for […]
Chinese Exim Bank provides financial assurance to Sri Lanka through embassy handover
The Deputy Ambassador of the Chinese Embassy in Colombo Hu Wei officially presented the financial assurance letter issued by the Exim Bank of China to Mahinda Siriwardena, the Secretary of the Ministry of Finance at the Presidential Secretariat yesterday afternoon (07). Hu Wei revealed that large–scale Chinese companies are looking forward to visiting Sri Lanka […]
CBSL requests Financial Institutions to provide appropriate concessions to affected borrowers
Financial Institutions (FIs) have so far approved over 3.3 million requests for concessions, amounting to a total of Rs. 5,994 billion during the different phases of moratoria and concessions, the Central Bank data revealed. The Central Bank requests Financial Institutions to provide appropriate concessions to the affected borrowers while preventing any elevated strain on the […]
Fitch maintains Capital Alliance Investment Grade Fund on Rating Watch Negative
Fitch Ratings has maintained Capital Alliance Investment Grade Fund’s National Fund Credit Quality Rating of ‘Af(lka)’ and National Fund Market Risk Sensitivity Rating of ‘S1(lka)’ on Rating Watch Negative (RWN). The RWN reflects continued deterioration in the credit profile of the fund’s investible universe. “We have recently recalibrated the Sri Lankan national rating scale and […]
CEA grants SIEE approval to Hambantota Port Industrial Park
Hambantota International Port’s (HIP) industrial park will expand its industrial park’s scope to include 90+ diverse industrialized classes within its dedicated free trade zone. Several new categories have been added, including warehousing & logistics, electrical and electronics, mineral products, automobile manufacturing, apparel and textiles, petroleum and oil related products, pharmaceuticals, rubber products, furniture and food […]
Central Bank raises Policy Interest Rates by 100 basis points to finalize IMF-EFF arrangement
The Monetary Board of the Central Bank has decided to raise the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Bank by 100 basis points to 15.50 per cent and 16.50 per cent, respectively, effective from the close of business on 03 March 2023. The CBSL and the staff […]
Change of govt can only be brought about through a parliamentary election, says President
President Ranil Wickremesinghe emphasized that the only way to bring about a change of government is through a parliamentary election and not through street protests, stating that the latter is not a viable option for the parliament. The President emphasized that a nation can become anarchic due to an economic collapse and urged everyone to […]
IMF staff mission for Sri Lanka defends new tax schedule for personal income tax
The tax package, including the new tax rate schedule for personal income tax, is in line with international comparison, defending the government’s new tax structure, the IMF staff mission for Sri Lanka said. In response to recent media reports about tax hikes in the country, the staff mission said in a statement that those who […]
‘ RTI
Transparency International Sri Lanka (TISL) welcomes the landmark determination of the Court of Appeal this week that affirms the order of the Right to Information Commission to disclose the requested information on the Declarations of Assets and Liabilities of Members of Parliament in Sri Lanka. In February 2021, the Right to Information (RTI) Commission in […]
Aitken Spence Travels sets stage to welcome inaugural Bulgarian flight for 2023
Aitken Spence Travels (AST) welcomed a charter flight from Bulgaria on 02nd March 2023 to the Mattala Rajapaksa International Airport (MRIA) with 200 holiday makers. The visitors from Bulgaria will be discovering Sri Lanka with excursions to explore the vivid culture of the country including Kandy city, the cultural triangle, Pinnawela, the misty mountains of […]
CA Sri Lanka expands its global footprint with an overseas chapter in Canada
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), which prides itself on being a world-class professional body, continued to expand its global presence by launching its seventh overseas chapter in Canada. The CA Sri Lanka Canada Chapter was formally launched at the Burnaby Executive Hotel in Vancouver in the presence of Sanjaya Bandara, […]
IFS marks 25th anniversary of the inception of its operations in Sri Lanka
IFS, the global cloud enterprise software company, announced today that it is celebrating the 25th anniversary of the inception of its Sri Lankan operations. Since its humble beginning in 1997, with just 26 employees in a two roomed office in Colombo 03, IFS has made major investments into the workforce and community, becoming the second […]