Author: lbostgadmin
PRCA APAC reveals findings on Sri Lanka’s PR industry for 2024 and years to come
The APAC chapter of the Public Relations and Communications Association (PRCA), the world’s largest and influential PR body, together with its board member and communications expert Thanzyl Thajudeen carried out a survey among 31 agency leaders and executives to explore the current and future context of Sri Lanka’s PR industry. This comes as the second […]
Sri Lanka’s total exports reached USD 14.94 Bn in 2023
Sri Lanka’s total exports reached US$ 14.94 Bn in 2023 including merchandise exports (US$ 11.85Bn) and estimated service exports (US$ 3.08 Bn). It is only a 0.39 % decline when compared to the value recorded in the previous year ( US$ 14.99 Bn). The estimated increase in service exports is around 63%. Sri Lanka’s Export […]
Land price movement at its flattest in many years: RIUNIT
The Research Intelligence Unit says that during the firms extensive 21 years of tracking land prices in Sri Lanka, the current period stands out as the flattest so far. In the aftermath of the economic crisis, we noted that the anticipated rebound in land prices has proven to be a more sluggish than first expected. […]
Hela Apparel Holdings PLC Acquires Major UK-Based Apparel Brand Licensing House
In a landmark move for the Sri Lankan apparel industry, Hela Apparel Holdings PLC has announced the acquisition of a major UK-based apparel brand licensing house. The company, which currently trades under the name Focus Brands, is a market leader in the design, sourcing, distribution and promotion of sports fashion and lifestyle apparel brands. It […]
CFA Society Sri Lanka commends the new Corporate Governance structure for listed entities
The Securities and Exchange Commission of Sri Lanka (SEC), in September 2023, released the updated Corporate Governance Regulations for entities listed on the Colombo Stock Exchange (CSE). The revisions come after nearly 15 years and apply to companies listed on the Main Board and Diri Savi Board, with a majority of the rules effective from […]
Opinion: Sri Lanka’s Proposed Internet Law Threatens Upcoming Elections
By Meenakshi Ganguly: A repressive new internet law that Sri Lankan President Ranil Wickremesinghe is trying to rush through parliament this week would create broad and vague new speech-related offenses punishable by lengthy prison terms. The law would seriously threaten the right to freedom of expression as Sri Lanka prepares for parliamentary and presidential elections […]
VAT on used vehicles hurts the common man and creates a black market – CMTA
The Ceylon Motor Traders’ Association (CMTA) made a statement claiming that the newly imposed VAT on used vehicles, has supported the creation of a black market in the industry, while increasing the market prices of used vehicles which is hurting the common man of the country. The recent implementation of VAT has stirred concerns […]
Microfinance & Credit Regulatory Authority Bill: TISL Files Petition in Supreme Court
Transparency International Sri Lanka (TISL) yesterday (January 22) petitioned the Supreme Court challenging the ‘Microfinance and Credit Regulatory Authority Bill’, stating that it fails to sufficiently address or introduce a fit scheme to enable the regulation of the extortive and predatory practices that microfinance lenders engage in at the grassroots levels. The Bill was placed […]
PUCSL and Environment Min ink agreement to enhance certification system for RAC and MAC Technicians in SL
The Public Utilities Commission of Sri Lanka (PUCSL) – the electricity industry regulator, signed a Memorandum of Understanding (MOU) with the Air Resource Management and National Ozone Unit of the Ministry of Environment, Tuesday aimed at establishing a comprehensive licensing system for Refrigeration, Air Conditioning (RAC) and mobile air conditioning (MAC) technicians and to provide […]
SriLankan Aviation College joins ranks of IATA’s regional training partners
SriLankan Aviation College, the training arm of SriLankan Airlines, has signed on to become Sri Lanka’s only International Air Transport Association (IATA) Regional Training Partner joining ranks of a prestigious few training centers numbered to seven in all of Asia. SriLankan Aviation College will be offering the Safety Management Systems (SMS) for Maintenance and Repair […]
Neighbouring Countries Economic Development Cooperation Agency of Thailand extends support to SLanka
The Neighbouring Countries Economic Development Cooperation Agency (NEDA) of Thailand agreed to enhance and expand its cooperation with Sri Lanka during a discussion held between Ambassador of Sri Lanka and Permanent Representative to the UNESCAP, C. A. Chaminda I. Colonne and the Vice President of NEDA, Senior Col. Saranyu Viriyavejakul on 15 January 2024 in […]
SEC Chairman calls for Positive Mindset and Collaborative Synergies at Industry Stakeholder Meetings
Capital Market regulator, the Securities and Exchange Commission of Sri Lanka (SEC) held meaningful discussions with the Chief Executive Officers (CEOs) of stock broker firms and other Market Intermediaries in separate stakeholder engagements in January 2024. The meetings were aimed at fostering collaborative efforts to fortify the regulatory framework and operational infrastructure of the securities […]