Author: lbostgadmin
New Director for ILO Country Office for Sri Lanka and the Maldives Appointed
Joni Simpson assumed her duties as the Director for the International Labour Organization Country Office for Sri Lanka and the Maldives on 15 January 2024. Appointed by the ILO Director-General Gilbert Houngbo, Simpson brings with her over 25 years of experience of working on gender equality and inclusion in the world of work. Prior to […]
Sail Lanka anchors sponsorship for Galle Literary festival 2024
The Galle Literary Festival, in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB), unveils its highly anticipated program for 2024, promising a diverse and engaging experience for literature enthusiasts. The Festival, taking place from January 25 to 28, will feature over 180 talks, workshops, and events that embody a renewed commitment to diversity and […]
Gourmet Galle: Culinary extravaganza on South coast of Sri Lanka
Gourmet Galle, the partner festival to the esteemed Galle Literary Festival, is set to launch an exceptional 12-week culinary celebration on the picturesque shores of the south of Sri Lanka. Conceived by Geoffrey Dobbs, the festival director, and founder, Gourmet Galle aims to bring people out of the wintry cold and dark countries, offering an […]
CEAT helps keep Suwa Seriya ambulances on the road
The 322-strong fleet of ambulances operated by the Suwa Seriya Foundation will continue to fulfil its humanitarian mission in Sri Lanka with tyres supplied by CEAT Kelani Holdings as the preferred tyre supplier. CEAT Kelani recently renewed its commitment to Suwa Seriya, undertaking to provide tyres for five ambulances free of charge and to provide […]
Japanese Finance Minister Commends Economic Advancements in Sri Lanka
Japan’s Finance Minister, Suzuki Shunichi, arrived in Sri Lanka on a two-day official visit (11-12) aimed at deepening economic relations with the Sri Lankan Government. This visit is particularly significant amidst the economic challenges faced by Sri Lanka, prompting the implementation of comprehensive reform measures focusing on macro stability and debt sustainability. The Japanese Finance […]
Next Steps in Sri Lanka’s Economic Program Outlined by IMF
The International Monetary Fund (IMF) has recently approved the first review of Sri Lanka’s economic program, marking a significant milestone in the country’s economic recovery. However, the focus now shifts to the next steps in the program. “Program performance has been satisfactory, as signaled by the completion of the review,” says Julie Kozack, Director of […]
2023-2025 National Action Plan scheduled for Cabinet approval in February
The inaugural multi-stakeholder workshop to formulate Sri Lanka’s 3rd National Action Plan (NAP) 2023-2025 took place yesterday (10) at the Renuka Hotel, Colombo. This crucial initiative, which was initially halted in 2019 due to political challenges, the COVID-19 pandemic and economic crises, has been recommenced under the directive of President Ranil Wickremesinghe, facilitated by the […]
New Year, New VAT: Can Sri Lanka’s Poor Cope with the Increase?
By Lakshila Wanigasinghe: Ringing in the new year for Sri Lankans was an increase in the value-added tax (VAT) rate to 18% and a withdrawal of tax exemptions on several goods and services. The last day of 2023 witnessed long queues as people rushed to stock up on essentials such as fuel and gas. Although queues […]
SL economy to record positive growth rates and gain further momentum over medium term: CB Governor
Sri Lanka has entered a path of recovery following the worst economic crisis in its postindependence history while the policy measures that were taken by the Government and the Central Bank during 2022 and 2023 helped restore macroeconomic stability, the Governor of the Central Bank said. Governor P. Nandalal Weerasinghe announcing the Central Bank’s annual […]
Uncertain Economic Outlook for Sri Lanka Amid Debt Restructuring & Structural Reforms: World Bank
The economic future of Sri Lanka remains uncertain, as the country navigates debt restructuring negotiations with private creditors and implements structural reforms to boost growth potential, according to the World Bank’s latest Global Economic Prospects report. The report highlighted that the economy contracted by an estimated 3.8 percent in 2023, and credit to the private […]
Cargills Bank debuts trading on the Colombo Stock Exchange
The shares of Cargills Bank Limited (CODE: CBNK-N-0000) commenced trading on the Colombo Stock Exchange (CSE) on 09th January 2024. The shares have been listed on the Main Board of the CSE under the ‘Diversified Banks’ sector. The occasion was marked with a special Bell Ringing Ceremony. The company’s Initial Public Offering (IPO) for 62.5 […]
FitsAir acquires approval for inflight catering
FitsAir, Sri Lanka’s leading low-cost airline, is proud to announce a significant enhancement to its service offerings by obtaining approval for inflight self-catering. This strategic move aligns with the airline’s vision to offer low-cost international travel. FitsAir’s Inflight Catering Services prioritise affordability and variety, providing passengers with wallet-friendly meal choices that won’t strain their budgets. […]