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. …
Economy & Markets
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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 …
Sri Lanka’s merchandise exports surpasses USD 1 billion mark in July
Sri Lanka’s merchandise exports increased by 2.18 % to US$ 1,027.2 Million in July 2023 compared to June 2023 as per the provisional data released by the Sri …
UNDP provides recommendations on realigning & leveraging taxes to achieve SDGs in Sri Lanka
Taxation is intricately linked to gender equality and is a fundamental foundation to address intersectional inequality challenges. Accordingly, the United …
CBSL imposes caps on interest rates on pawning facilities, pre-arranged temporary overdrafts & credit cards
The Monetary Board has decided to impose caps on interest rates on pawning facilities at 18 percent, per annum; on pre-arranged temporary overdrafts at 23 …
Central Bank maintains policy interest rates at their current levels
The Monetary Board of the Central Bank, at its meeting held on 23 August 2023, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing …
Dipped Products sets standard for sustainable growth: Launches ESG roadmap ‘DPL Pulse’
Export manufacturer of hand protection solutions and member of the Hayleys Group, Dipped Products PLC (DPL), announced the launch of its new ESG roadmap ‘DPL …
Outstanding eligible SLDBs converted into five new LKR Treasury Bonds: CBSL
Outstanding eligible SLDBs (the Eligible Bonds) have been converted into five (5) new variable coupon (SLFR* + 1.00%) New Treasury bonds denominated in LKR and …
CCC promotes responsible investment practices with webinar on sustainability standards for ESG financing
Aiming to create awareness about the growing significance of sustainable development and Environmental, Social, and Governance (ESG) financing, The Ceylon …
Sujeewa Peiris elected to the CSE Board of Directors
Sujeewa Peiris was elected to the Board of the Colombo Stock Exchange (CSE) with effect from 09th August 2023. …
Central Bank reduces Statutory Reserve Ratio by 2-pct to inject liquidity into banking system
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 8 August 2023, decided to reduce the Statutory Reserve Ratio (SRR) applicable on …
CSE and stockbroker firms take lead in attracting Indian firms
“Invest Sri Lanka” is a series of forums organized by the Colombo Stock Exchange (CSE) in partnership with Stock Broker Firms, to promote foreign portfolio …
Central Bank launches Web Portal of Regional Development Department
The Central Bank of Sri Lanka Launched the dedicated Web Portal of the Regional Development Department (RDD Web Portal) on 04.08.2023, signifying its strategic …
JICA & NPD to improve Effective Public Investment Management for Economic revival of Sri Lanka
On 2nd of August, the detailed discussion on the progress and way forward was held on the ongoing technical cooperation project named, “Project for Capacity …
Driving customer-centric innovation in challenging times
By Sabry Ansar, Director, Head of CE Business - Samsung Electronics, Sri Lanka and Maldives In times of unprecedented challenges, the significance of …
Legal tender in Sri Lanka for domestic payments will remain as LKR not INR, clarifies CBSL
The legal tender in Sri Lanka for domestic payments and settlements will remain as Sri Lanka Rupees (LKR) and the authorization of INR as a designated currency …
Sri Lanka’s path to sustainable growth: Embracing a social market economy
● Sri Lanka's Economic Challenge: A stark contrast between Tamil Nadu's expected growth of 14% and Sri Lanka's negative …