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Time is running out: JAAF calls on GoSL to urgently reconsider SVAT abolition
With the countdown to the forthcoming abolition of the Simplified Value-Added Tax (SVAT) system ticking down to an end date of 1 st April 2025, the apex body of the Sri Lankan apparel industry, the Joint Apparel Association Forum (JAAF) urged the Government to urgently reconsider its decision in light of growing stresses on the […]
‘s Plantation sector
By Dr. Dan Seevaratnam Sri Lanka continues to grapple with severe economic challenges that affect all its citizens, including those in the plantation sector. At a time when nearly one in four Sri Lankans has fallen below the poverty line as a result of the Sri Lankan economy’s historic downturn over the past 4 years, […]
Justice Sector Goes Digital: Launch of the Commercial High Court Website
The justice sector in Sri Lanka took a significant leap forward with the successful launch of the Commercial High Court website www.colchc.gov.lk/home, developed with the support of the European Union funded ‘Support to Justice Reform (JURE)’ project, jointly implemented by the United Nations Development Programme (UNDP) and UNICEF in Sri Lanka and facilitated by the Ministry […]
Presidential Election to be held on September 21
The Election Commission of Sri Lanka has issued the Gazette notification announcing the date of the 2024 Presidential Election and the date for accepting nominations. Accordingly, according to the Gazette notification, the Presidential Election will be held on 21 September 2024 and Nominations will be accepted on 15 August 2024.
‘s Report on Effective RAMIS System Utilization Presented to the President
The report from the Cabinet Sub-Committee appointed to investigate and recommend effective utilization of the Revenue Administration Management Information System (RAMIS) was recently presented to President Ranil Wickremesinghe at the President’s Office. Minister of Finance, Economic Stabilization, and National Policy, Mr. Ranil Wickremesinghe, issued Cabinet Memorandum No. 24/0696/604/079 on ‘Revenue Administration Management Information System (RAMIS) […]
Ceylon Chamber calls on Government to Revisit Visa strategy
The Ceylon Chamber of Commerce requests the Government to consider all aspects of the new eVisa issuance process and review the pricing in the larger interest of growing the tourism sector. Presently, there is great debate on the cost and process of the new system whereas the focus should be on destination marketing and improving […]
Lower Generation Costs Support CEB’s Tariff Cut; No Immediate Risk to IPP Payments: Fitch Ratings
Ceylon Electricity Board’s (CEB, BB+(lka)/Stable) cash flow will stay adequate to service debt despite a 22.5% tariff cut from 16 July 2024, Fitch Ratings says. The agency does not expect the latest cut to affect the Sri Lankan electricity distributor’s payments to independent power producers (IPPs). Lower tariffs are supported by falling generation costs from […]
Prime Minister and Ministers Give Green Light to Operationalizing Citra 3.0
The Prime Minister of Sri Lanka, Hon. Dinesh Gunawardena convened a meeting yesterday with the co-chairs of the Citra Social Innovation Lab Governance Board, Mr. Anura Dissanayake, Secretary to the Prime Minister, and Ms. Azusa Kubota, Resident Representative, United Nations Development Programme (UNDP) in Sri Lanka, together with Hon. Shehan Semasinghe, State Minister of Finance, […]
US-SL Fulbright Commission Fosters Opportunity for Sri Lankans to Pursue US Educational Opportunities
Through the work of the United States-Sri Lanka Fulbright Commission, the United States and Sri Lanka support and encourage academic exchanges between both countries. This week, 100 Sri Lankan students and scholars attended a pre-departure orientation hosted by the Fulbright Commission and EducationUSA, preparing them for success in their educational pursuits at universities across the […]
Onomichi Dockyard MD Visits HIP to Seal Partnership
The Managing Director of Onomichi Dockyard Company, Japan, and Director of Colombo Dockyard PLC (CDPLC), Kunio Kobatake, recently visited Hambantota International Port (HIP). This visit follows a newly signed agreement between CDPLC and the Hambantota International Port Group (HIPG) to construct a state-of-the-art ship repair workshop at the port. Johnson Liu, Chief Representative of CM […]
Japan Officially Notifies Sri Lanka of Its Decision to Resume Disbursement to Yen Loan Projects
Following the completion of the signing of Memorandum of Understanding (MOU) between the Official Creditor Committee (OCC) and Sri Lanka on 23 July and the expression of the willingness by the Government of Sri Lanka to swiftly conclude a bilateral agreement on debt restructuring, the Government of Japan has officially decided to resume disbursement to […]
SEC Signs MOU with Maldives Capital Market Regulator, Paving the Way for Maldivian Companies to List on CSE
This will pave the way for Maldivian Companies list on CSE’s Multi-Currency Board Facilitates regulatory information exchange, capacity building assistance and mutual collaboration The Securities and Exchange Commission of Sri Lanka (SEC) and the Capital Market Development Authority of Maldives (CMDA) signed a landmark Memorandum of Understanding (MOU) on 21st July 2024 in Malé. The […]