Category: Companies
CSE integrates with TradingView to facilitate advanced charting via MyCSE
The Colombo Stock Exchange (CSE) is proud to announce the integration of TradingView Technical Charts which facilitates advanced charting via MyCSE portal, to enhance investor experience with effect from 06 th October 2023. TradingView is the leading global provider of advanced charting and analytical tools. The facility is available in two forms as in real-time […]
Lower global growth forecasts for 2023 and 2024: IMF
The World Economic Outlook October Update says global growth is forecast to slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024. The projections remain below the historical (2000–19) average of 3.8 percent, and the forecast for 2024 is down by 0.1 percentage point from the July 2023 Update […]
CICT crowned best container terminal of its capacity in Asia for 7th consecutive year
Beats terminals in China, Indonesia and Thailand to win coveted AFLASaward in Under 4 million TEUs category Colombo International Container Terminals (CICT) has been declared the Best Container Terminal in Asia in 2023 in the Under 4 million TEUs category, winning the coveted title for the seventh consecutive year. CICT’s impressive triumph on the global […]
Eran exposes SL’s plight of human capital flight; Govt. not bringing any solution to preserve health sector
Eran Wickramaratne, Member of Parliament of the Samagi Jana Balavegaya, accused the government of not bringing any solution or alternative arrangements to preserve the health sector of the country as it asserts the right to life of the citizens. Though the health sector now faces a brain drain with increasing numbers of the sector fleeing […]
PwC Sri Lanka firms announce exit from PwC network, and their plans to join Deloitte network
The Sri Lanka firms of the PwC network have announced their decision to exit the network. The firms intend to join the Deloitte network, with effect from 28 October 2023. Further, it has been mutually agreed that PwC Sri Lanka will leave the PwC network as of 27 October 2023. The PwC network and the […]
Harsha proposes tax reforms to relieve burden on middle class and professionals
MP Harsha de Silva’s Tax Reform Proposal: Simplify PAYE tax structure and introduce surcharge.Surprising Revenue Figures: PAYE collection surpasses expectations, while PIT falls short.Inequality in Tax Burden: Current system disproportionately impacts middle-class professionals.MP’s Evidence-Based Approach: Proposed reforms aim to balance government revenue and reduce the tax burden.Combatting Tax Fraud: Efforts to address LKR 60 billion […]
Kasturi Chellaraja to join a global firm after resigning from Hemas Holdings
Hemas Holdings PLC, a leading Sri Lankan conglomerate, today announced the resignation of Ms. Kasturi Chellaraja Wilson from her position as Group Chief Executive Officer, effective 31st March 2024. Kasturi has been an integral part of the Hemas family for over two decades, having led several businesses within the Group before assuming the role of […]
SEC urges Compliance Officers to play a more effective role
As part of their continuing efforts to strengthen market standards and investor confidence, officials of the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) recently met with Compliance Officers of all categories of Market Intermediaries. The meeting served as a valuable opportunity to engage in a constructive dialogue on […]
World Bank expects solid growth but risky outlook for South Asia
South Asia is expected to grow by 5.8 percent this year—higher than any other developing country region in the world, but slower than its pre-pandemic pace and not fast enough to meet its development goals, says the World Bank in its twice-a-year regional outlook. Released today, the latest South Asia Development Update, Toward Faster, Cleaner Growthforecastsgrowth to […]
David Cameron kicks off Port City Colombo’s global investment drive
Representatives of top corporations in the UAE, accompanied by high-potential investors, property developers, hotel owners, and leaders in the hospitality and real estate industries, converged in the iconic settings of the Ritz Carlton in Abu Dhabi and the Armani Hotel at Burj Khalifa in Dubai to explore, understand, and assess the investment potential of Sri […]
SL economy to grow by 1.7-pct:Revenue mobilization fundamental for sustainable fiscal path
Sri Lanka’s economy is expected to grow by 1.7% in 2024 after contracting by 3.8% in 2023, says the World Bank in its twice-a-year update, while signaling that the outlook is clouded with uncertainty and that growth prospects depend on progress with debt restructuring and the implementation of critical structural reforms. Released today, the Sri Lanka […]
‘CTO – the Psychologist’: A role banking tech leaders must master to ensure digital change
By Janaka Ediriweera Dr. Corrie Block, an Organizational Behavior Expert and a business coach in the UAE, asks, ‘If you were to go in for heart surgery, buy a new car, or say your wedding vows to someone knowing that there was an 84% chance of failure…would you even bother?’ He uses this metaphor to […]