Sinopec pledges to fuel Sri Lanka as it commences operations
Sinopec announced its official entry into Sri Lanka's dynamic fuel retail market at the felicitation event for local distributors held on the 25 th of …
Economy & Markets
Sri Lanka’s merchandise exports surpassed USD 1 billion mark in August
Sri Lanka’s merchandise exports increased by 6.98 % to US$ 1,091.6 Million in August 2023 compared to July 2023 as per the provisional data released by the …
Import restrictions, except for vehicles to be lifted by next month: Minister
Finance State Minister Shehan Semasinghe says that import restrictions on goods, except for vehicles, will be lifted by next month with the goal of stabilizing …
Newly established Governing Board of Central Bank convenes
The newly established Governing Board of the Central Bank of Sri Lanka, constituted under the provisions of the recently promulgated Central Bank Act No. 16 of …
United States to Increase Development Investment in Sri Lanka by USD 19.2 mn Through USAID
The United States today announced the commitment of more than US $19 million in additional funds to further the development of Sri Lanka, in a ceremony at the …
SEC Chairman meets Stockbroker Owners and CEOs
The SEC Chairman, Faizal Salieh, along with top officials from the SEC and the CSE, recently held a productive engagement with the stockbroker community …
IIRM Lanka Insurance Brokers Pvt Ltd achieves remarkable market share growth locally
IIRM Lanka Insurance Brokers Private Limited proudly announces its outstanding achievement in the Sri Lankan insurance market, securing an impressive market …
Fitch Downgrades Sri Lanka’s Long-Term Local- Currency IDR to Restricted Default from ‘C’
Fitch Ratings has downgraded Sri Lanka's Long-Term Local-Currency (LTLFC) Issuer Default Rating (IDR) to 'RD' (Restricted Default) from 'C'. The ratings on its …
EPF accepts Debt Exchange offer after considering two options under DDO programme
The Monetary Board of the CBSL as the custodian of the EPF, having considered the two options available has decided to opt for the Debt Exchange offer with a …
SEC approves new Listing Board and Rules for SOEs
Capital market regulator, the Securities and Exchange Commission of Sri Lanka (SEC), has approved the creation of a separate Listing Board and Listing Rules at …
Opinion: From education to employment, Understanding the gender gap in the workforce
Thathsarani Siriwardana The issue of female labor force participation in Sri Lanka has remained a subject of discussion for several decades, yet tangible …
Ceylon Chamber welcomes SVAT repeal deferment
The Ceylon Chamber of Commerce (CCC) expresses its appreciation to the Government and to the President in particular for the decision taken to postpone repeal …
CSE to introduce Regulated Short Selling through Stock Borrowing & Lending to enhance trading opportunities
The Colombo Stock Exchange (CSE) is pleased to announce the introduction of two significant initiatives shortly, Regulated Short Selling (RSS) through Stock …
SEC Announces Enhanced Corporate Governance Rules
The Securities and Exchange Commission of Sri Lanka has announced revisions to Corporate Governance Rules applicable to entities listed on the Colombo Stock …
Ceylon Chamber Urges Government to Reconsider SVAT Abolition
The Ceylon Chamber of Commerce is urging the Government to reconsider its recent decision to abolish the Simplified Value Added Tax (SVAT) system given the …
You will find many surprises in the next budget: President
Sri Lanka's President Ranil Wickremesinghe, who is also the Finance Minister, told Parliament yesterday that there will be many surprises in the next budget. …
Agarapatana Plantations Ltd debuts trading on the CSE
The shares of Agarapatana Plantations Limited (CODE: AGPL-N-0000) commenced trading on the Colombo Stock Exchange (CSE) on 04 th September 2023. The …
12.3Mn SriLankan’s experience multidimensionally vulnerability: UNDP Report
Debt, a lack of education, and the ability to adapt to disasters are factors that make most people feel vulnerable, says a new report, released today by the …
CCPI based headline inflation decreased to 4-pct in August
Headline inflation, as measured by the year-on-year change in the Colombo Consumer Price Index decreased to 4.0% in August 2023 from 6.3% in July 2023 in line …
Imposing 30-pct tax on EPF/ETF makes workers paupers as it applies to their savings: Eran Wickramaratne
The present government’s income tax policy to attract an effective tax rate of 30% would require a salary above Rs. 500,000 per month. Probably 90% of the …