Author: lbostgadmin
Colombo Stock Exchange opens its newest branch in Panadura
The Panadura branch of the Colombo Stock Exchange (CSE) was officially opened to the public by the CSE Chairman, Dilshan Wirasekera, on the 2nd of March 2023, with the participation of a few Stockbroker Firms, President of Sinhala Business Association Gihan Kuruppu, CSE CEO Rajeeva Bandaranaike, Senior Management and the staff. Panadura Branch is the […]
World Bank VP concludes visit to SL, Reaffirms support to protect people
World Bank Vice President for South Asia, Martin Raiser, recently concluded his four-day visit to Sri Lanka, reaffirming the World Bank’s continued support to help the country navigate economic challenges, implement critical reforms, and chart a path towards a resilient and inclusive recovery. Raiser met with Sri Lanka’s President and Minister of Finance H.E. Ranil […]
President instructs to create a data bank for unused govt-owned lands
President Ranil Wickremesinghe has given instructions to digitize investment information to make it easily and quickly accessible to interested parties. The purpose of this move is to encourage and promote investment opportunities in Sri Lanka, allowing investors to identify new investment prospects with ease. In addition to this, the President has also pointed out the […]
Merchandize exports record one billion dollars in January 2023
Sri Lanka’s merchandise exports decreased by 8.98 % to US$ 1,001.9 Million in January 2023 compared to January 2022 as per the data released by the Sri Lanka Customs. However, it is a 6.97% increase when compared to January 2021. Table 1: Merchandise Export Performance […]
Increase PAYE tax threshold from Rs 100,000 to 200,000: Eran
SJB alleges that it is a serious problem that the people have to take to the streets, as they have been burdened with heavy taxes while the working people have lost their income. As a result, the food insecurity, increased mal-nutrition and prevention of diseases have become a big problem for the people, said Eran […]
Shangri-La Hotels and Resorts Bring Indian Destination Wedding Expo to Sri Lanka
This March, Shangri-La Colombo and Shangri-La Hambantota welcome India International Wedding Connections (IIWC), a premier expo promoting destination weddings to the global Indian wedding community. The event will be held for the first time in Sri Lanka with a view to enhancing the country’s potential as a preferred location for destination weddings. IIWC Experience 2023 […]
Research Intelligence Unit hosts engaging webinar on lessons drawn from Sri Lanka’s debt crisis
The international research firm Research Intelligence Unit (RIUNIT) considered it important to broaden the debate and evolve beyond the ‘same old’ regurgitation of rhetoric which isn’t very useful in reaching solutions to the predicament faced by Sri Lanka. It was also felt that it’s important to share the lessons from Sri Lanka with the other […]
‘s export earnings decline to 11.3-pct in Jan 2023: Imports down 29.2-pct
• The deficit in the merchandise trade account narrowed in January 2023, compared to a year ago. • Export earnings declined while import expenditure remained subdued in January 2023, compared to year earlier. • Workers’ remittances and earnings from tourism continued to increase in January 2023. • Gross official reserves strengthened at end January 2023, […]
CCPI based headline inflation eases in February 2023: Food inflation down to 54.4-pct
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 decreased to 50.6% in February 2023 from 51.7% in January 2023. The decline in the headline inflation is broadly in line with the disinflation path envisaged by the Central Bank of Sri Lanka (CBSL) in January 2023. The […]
‘s HIP to be a key transhipment port for India’s EV manufacturing hub
With India looking very positively at becoming a manufacturing hub for electric vehicles (EV), joint venture partners are looking very closely at Hambantota International Port (HIP) as the key transhipment point for their markets in the east and west of the island. HIP participated in the recently held ‘ET Auto Electric Vehicle Conclave 2023’ organised […]
Doc990 introduces digital health services via Amazon’s alexa
Introducing the next frontier for conveniently accessing healthcare services from home, Doc990, Sri Lanka’s pioneering digital health solutions service provider, powered by Dialog Axiata PLC, extended Amazon Alexa Voice Command Support for digital health services for the first time in Sri Lanka.This new feature enables customers to easily access the Doc990 services with simple voice […]
Foreign Minister Ali Sabry to visit India
Foreign Affairs Minister M.U.M. Ali Sabry is scheduled to make an official visit to India from 02-04 March 2023 to attend the eighth edition of the Raisina Dialogue, India’s premier conference on geopolitics and geo-economics which will be held in New Delhi. The conference is hosted by the Observer Research Foundation in partnership with the Ministry of External […]