Category: Economy and Markets
VIDEO: Withholding Tax Hike, A System Inefficiency – Tax Experts
In this insightful discussion, tax experts N. R. Gajendran and Suresh Perera analyze how the new reforms will affect the general public and the broader economy. N. R. Gajendran, highlights that while the government has promised to provide relief to individuals who were unfairly taxed, the practical implementation of this promise is fraught with challenges. […]
Sri Lanka Introduces Landmark Food & Beverage Regulations
The Sri Lankan government has announced new restrictions on marketing food and beverages to children, effective January 1, 2025, under the Food (Labelling & Advertising) Regulations 2022. The Ceylon Chamber of Commerce, through its Food & Beverage Steering Committee, was a key partner in shaping these regulations by providing inputs on food science, nutrition, international […]
CSE Announces the appointment of Vindhya Jayasekera as CEO Designate
The Colombo Stock Exchange (CSE) is pleased to announce the appointment of Ms. Vindhya Jayasekera as the Chief Executive Officer (CEO) Designate, effective 1st January 2025. Ms. Jayasekera will succeed the incumbent CEO, Mr. Rajeeva Bandaranaike, who is due to retire during the course of 2025 after serving for 11 years in that capacity. Ms. […]
CCPI-Based Headline Inflation Remains Negative in December 2024
According to the Central Bank’s near-term projections, headline inflation, as indicated by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100), remained in negative territory for the fourth consecutive month, registering a deflation of 1.7% in December 2024, compared to a deflation of 2.1% in November 2024. Non-Food deflation (Y-o-Y) moderated to […]
Sri Lanka’s Green Bonds must demonstrate climate impact measurement: MTI
Sri Lanka is witnessing a significant shift towards sustainable finance with Colombo Stock Exchange (CSE) introducing the listing and trading of Green Bonds in 2023. DFCC Bank led the way among financial institutions to issue the first green bond in the country, aimed at funding renewable energy projects particularly in the solar energy sector. This […]
CDS Launches 011 2356 444 as a Dedicated Hotline
The Central Depository Systems (CDS), a subsidiary of the Colombo Stock Exchange (CSE), is pleased to announce the launch of its dedicated hotline, effective from the first week of January 2025. This new initiative is designed to provide stakeholders, including investors and corporate clients, with direct access to CDS for improved query resolution and support. […]
CCC Clarifies Non-Involvement in Media Statements on Finance Ministry & CBSL Directives
The Ceylon Chamber of Commerce has categorically clarified that it is in no way connected to or involved with the statements recently attributed to “The Sri Lanka Chamber of Commerce” regarding directives issued by the Deputy Minister of Finance and the Central Bank of Sri Lanka. The Chamber confirmed that no employee or representative of […]
CBL’s Senehasin Jayamaga, wins best sustainability project award at best corporate citizen awards
Ceylon Biscuits Limited (CBL), the proud owner of flagship brand Munchee and a subsidiary of the CBL Group, awarded the Best Sustainability Project Award for its initiative to develop retailer and distributor partners – Senehasin Jayamaga, at the Best Corporate Citizen Awards 2024, organized by the Ceylon Chamber of Commerce. The accolade highlights CBL’s dedication […]
Opinion: Embracing change, charting a brighter future for Sri Lanka’s plantation industry
By Sunil Poholiyadde, Chairman of the Planters’ Association of Ceylon For 170 years, Sri Lanka’s plantation industry has stood the test of time. Despite continuous upheavals, it has managed to adapt and endure. Over this period, the ownership structure of the industry underwent significant changes—from 124 years of British colonial ownership to the post-independence era […]
” Capital Market Investor Forum Set for March 2025 in Colombo
The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) in association with the Stock Broker industry, will host the “Invest Sri Lanka” Capital Market Investor Forum on 27th and 28th March 2025, at the Shangri-La Hotel in Colombo. The event is aimed at promoting investment in the Sri Lankan […]
‘s November Exports Reach USD 1.27 Bn Amidst Minimal Growth
Total exports for November 2024, including both merchandise and services, were recorded at US$ 1,269.33 million, reflecting a marginal increase of 0.04% compared to the same period in 2023. As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in November 2024 amounted to US$ 943.1 million, reflecting a 5.6% […]
” from Restricted Default
Fitch Ratings has upgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’, from ‘RD’ (Restricted Default). Fitch typically does not assign an Outlook to sovereigns with a rating of ‘CCC+’ or below. Fitch has also upgraded the Local-Currency IDR to ‘CCC+’, from ‘CCC-‘, to align with the Long-Term Foreign-Currency IDR, as the risk […]