ComBank launches LankaPay cards in Sri Lanka
Sri Lanka’s payment cards domain took a giant leap today when the Commercial Bank of Ceylon in collaboration with LankaPay launched a national credit and …
Companies
Sri Lanka’s exports decreased by 8-pct to USD 1Bn in Feb 2023 compared to Feb 2022
Sri Lanka’s merchandise exports decreased by 8.06 % to US$ 1,005.2 Million in February 2023 compared to February 2022 as per the data released by Sri Lanka …
Govt increasing tax burden on poor and working people on IMF conditions but not taxing capitalists: Eran
Oppositions MP Eran Wikramaratne has alleged that there is a bizarre situation in the implementation of the agreement with the International Monetary Fund, as …
Opinion: IMF Programme #17, Takes two to tango
By Daniel Alphonsus Countries never learn from others’ mistakes, they only learn from their own. Sri Lanka is an exception: we don’t even learn from our …
Ceylinco Life retains market leadership for 19th consecutive year in 2022
Ceylinco Life policyholders received a mammoth Rs 18.9 billion in net claims and benefits in 2022, as the Company achieved its 19th consecutive year of market …
Eran urges Govt to disclose contents in IMF agreement
Even though the present government said no, the Samagi Jana Balawega emphasized from the beginning that this country needs some sort of agreement and financial …
Opinion: HNB reiterates importance of developing a national savings culture
HNB Deputy General Manager – Retail and SME Banking, Sanjay Wijemanne As more Sri Lankans face concerns over their personal financial security, and that …
Sri Lanka Retail Forum 2023 highlights strategies for navigating economic crisis in sector
The Sri Lanka Retailers’ Association (SLRA), the apex body of organised retail in Sri Lanka, recently concluded the annual Sri Lanka Retail Forum under the …
Colombo Stock Exchange opens its newest branch in Panadura
The Panadura branch of the Colombo Stock Exchange (CSE) was officially opened to the public by the CSE Chairman, Dilshan Wirasekera, on the 2nd of March 2023, …
Increase PAYE tax threshold from Rs 100,000 to 200,000: Eran
SJB alleges that it is a serious problem that the people have to take to the streets, as they have been burdened with heavy taxes while the working people have …
Sri Lanka’s export earnings decline to 11.3-pct in Jan 2023: Imports down 29.2-pct
• The deficit in the merchandise trade account narrowed in January 2023, compared to a year ago. • Export earnings declined while import expenditure …
Sri Lanka’s crisis offers an opportunity to reset its development model
By Martin Raiser, Vice President for the South Asia Region, World Bank Group Sri Lanka is at a critical moment in its history. Years of economic …
Sunquick Lanka officially opens ready-to-drink manufacturing facility in Horana
Sunquick Lanka (Private) Limited, the local manufacturer of the much loved Sunquick fruit concentrate, Sunquick BiBi ready-to-drink (RTD), officially declared …
SL Retail Ass President stresses need for regulatory and policy overhaul to ensure industry’s future
The Sri Lanka Retail Forum (SLRF) 2023 conducted by the Sri Lanka Retailers Association (SLRA) on 1st March, 2023, will address many of the pressing challenges …
CSE enables REPO transactions between eligible investors operating through same trading participant
The Colombo Stock Exchange (CSE) announces the amendment of Trading Rules on the Over the Counter (OTC) Platform, where Repurchase (REPO) transactions in …
Faizal Salieh appointed as new SEC Chairman
The Securities and Exchange Commission of Sri Lanka (SEC) today announced that Faizal Salieh assumed duties as the Chairman of the SEC on 20th February 2023. …
CMA rings bell with CSE, to recognize & promote integrated reporting
The Institute of Certified Management Accountants of Sri Lanka (CMA), in collaboration with the Colombo Stock Exchange (CSE), rang the market opening bell to …
E-commerce: An islandwide phenomenon and youth-oriented futuristic industry of SL – Report
Daraz Sri Lanka and Sri Lanka Association for Software Services Companies (SLASSCOM) released the first in-depth study on the adoption and use of e-commerce in …
Hatch partners with HDFC Bank to provide exclusive credit facility for community of startups
In a one of a kind collaboration; Hatch, the award winning co-working space, start-up incubator and accelerator is partnering with HDFC Bank as their official …
Tianjin Port Group and Huawei announce deepening cooperation to build digital twin of port
Tianjin Port Group and Huawei announced this week that the two companies will deepen cooperation to build a digital twin of the port, making it more automated …