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 …
Economy & Markets
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 …
JKH records EBITDA of Rs.9.23Bn in Q1 2023/24
Summarised below are the key operational and financial highlights of our performance during the quarter under review: Group PBT at Rs.1.40 billion in the …
New Order issued relaxing certain limitations imposed on outward remittances of foreign exchange
With a view to assist and maintain the financial system stability by minimizing the pressure on the exchange rate and preserving the foreign currency reserve …
CFA Society Sri Lanka hosts CEO forum ‘Rebooting Sri Lanka Economy”
A CEO Forum organised by the CFA Society Sri Lanka (CFASSL) was held in Colombo recently with a focus on ‘Rebooting the Sri Lankan Economy - Post-Domestic …
Remembering Amal Sanderatne
July 24, 2023 (LBO) - Amal Sanderatne, CEO and founder of Frontier Research, was a person whose intellect and work I admired. In remembrance, below is a …
EU, AFD, and World Bank support Strengthening Public Finance Management in Sri Lanka
The Government of Sri Lanka and the World Bank, European Union (EU) and Agence Française de Développement (AFD) have recently signed financing agreements to …
Nimi launches NimiKash, revolutionizing payroll management for IT workers
Nimi, a leading information technology firm specializing in Staff Augmentation and Development, Product Advisory, and Payments Advisory, is proud to announce …
Rs 12Tn loss to EPF is a misrepresentation of opportunity loss: CB Governor
Sri Lanka's Central Bank chief on Thursday disputed the claim that the Employees’ Provident Fund (EPF) would lose a staggering 12 trillion rupees (USD39 …
Fitch Downgrades Sri Lanka’s Long-Term Local- Currency IDR to C
Fitch Ratings has downgraded Sri Lanka's Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to 'C' from 'CC'. The issue ratings on local-currency …
Central Bank further reduces policy rates by 2-pct & urges banks to reduce lending rates
The Monetary Board of the Central Bank has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 200 …
CA Sri Lanka calls on all stakeholders to support Domestic Debt Optimization
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), in its proud standing as the National Body of Accountants, has played a significant role in …
World Bank Group Adopts Country Partnership Framework for SL to Help Reset Economy
The World Bank Group’s Board of Executive Directors today discussed the new Country Partnership Framework for Sri Lanka, which aims to help restore economic …
CB Governor gives firm assurance that safety of 57mn bank deposits will be upheld; EPF would not be touched
During a special press briefing held at the Presidential Media Centre on Domestic Debt Optimization (DDO), Dr. Nandalal Weerasinghe, the Governor of the …
Sri Lanka High Commission in London promotes ‘Island of Ingenuity’ – IT/BPM sector
The High Commission of Sri Lanka in London in collaboration with Sri Lanka – UK Chamber of Commerce (SL-UKCC) and Infomate (Pvt) Ltd, the BPM arm of John …
Banks welcome CBSL Governor’s assurances on anticipated Govt. announcement on DDR or DDO
The Sri Lanka Banks’ Association (SLBA) has welcomed the assurance by the Governor of the Central Bank of Sri Lanka (CBSL) Dr Nandalal Weerasinghe that …
Harsha calls for legislative amendment to protect holders of domestic debt in a possible restructure
Opposition Parties Stand United for Careful Domestic Debt Restructuring In a press conference held at the Leader of the Opposition's office, MP Harsha de …
Ceylon Chamber calls for political and public support for debt restructuring process
The Ceylon Chamber of Commerce stresses the importance of patience and trust in the domestic debt restructuring process. As emphasized by the Central Bank of …
Sri Lankan companies participate in largest trade show in South Africa
Two major Sri Lankan export companies participated in the South African International Trade Exhibition (SAITEX) 2023, an annual …