Category: Other
‘s real estate market trends
In a significant stride towards fostering transparency and informed decision-making within South Asia’s real estate landscape, the Research Intelligence Unit (RIUNIT) unveiled a series of reports during the 8th Islamic Finance Forum of South Asia, held on recently at the Shangri-La hotel in Colombo. These reports provide a holistic view of the real estate markets […]
Global Bond Yields Climb as US GDP Growth Picks Up: Fitch Ratings
Global bond yields have risen significantly in recent months as US economic growth has picked up, supported by strong consumer spending and job creation. The rise in yields in the US and Europe is despite signals from central banks that policy interest rates are approaching peaks and clear evidence that monetary tightening to date is […]
Industry Leader Sujeewa Mudalige retires after an illustrious career in professional services
PwC Sri Lanka today announced the retirement of its Territory Senior Partner, Sujeewa Mudalige, effective October 27, 2023, after serving the firm for over 25 years. Earlier the Sri Lanka firm of the PwC network had announced their decision to exit the network. The firm intends to join the Deloitte network, with effect from 28 […]
Recognizing contribution of women in Sri Lanka towards food security and sustainable economic recovery
Achieving gender equality and empowering women is not only the right thing to do but is a critical ingredient in the fight against extreme poverty, hunger and malnutrition. As the world celebrates International Rural Women’s Day on 15th October each year, the day shines a spotlight and recognizes the significant contributions of women to global […]
JICA Supports NWSDB to Transform Operations with Digital Solution
The National Water Supply and Drainage Board (NWSDB) is set to digitalize its operations with the introduction of a cutting-edge Electronic Document Management System (EDMS) with the supports extended by the Japan International Cooperation Agency (JICA). JICA delivered comprehensive recommendations to enhance project implementation efficiency and effectiveness in May 2023; accordingly, further support to develop […]
Borders and Budget: Visa reform will boost tourism and reverse brain drain
By Daniel Alphonsus Three million tourists are set to visit our shores next year. We will issue nearly as many online visas – millions too many. ETAs are a tourist’s bane: rather than dreamy sun, sea and sand, the weary salaryman’s getaway begins with the tedium of forms. The tourist’s ayubowan to Sri Lanka begins […]
Siddhalepa is named on LMDs most respected brand for year 2022
Siddhalepa, the pioneering Ayurvedic entity in Sri Lanka, was yet again ranked last month in LMD’s 19th Annual Most Respected Brands for the year 2022. This prestigious acknowledgment marks the ninth time Siddhalepa has been recognized by LMD, reaffirming its unwavering commitment to excellence and its enduring 90-year dedication to improving the lives of people […]
Sri Lanka assumes Chair of Indian Ocean Rim Association (IORA) at 23rd Council of Ministers in Colombo
Sri Lanka assumed the chairmanship of the Indian Ocean Rim Association (IORA) at the 23rd IORA Council of Ministers which concluded in Colombo on 11 October 2023. Foreign Minister Ali Sabry chaired the meeting. Sri Lanka is a founding member of IORA which was established in 1997, and previously served as its Chair from 2003 to 2004. […]
CICT crowned best container terminal of its capacity in Asia for 7th consecutive year
Beats terminals in China, Indonesia and Thailand to win coveted AFLASaward in Under 4 million TEUs category Colombo International Container Terminals (CICT) has been declared the Best Container Terminal in Asia in 2023 in the Under 4 million TEUs category, winning the coveted title for the seventh consecutive year. CICT’s impressive triumph on the global […]
Harsha proposes tax reforms to relieve burden on middle class and professionals
MP Harsha de Silva’s Tax Reform Proposal: Simplify PAYE tax structure and introduce surcharge.Surprising Revenue Figures: PAYE collection surpasses expectations, while PIT falls short.Inequality in Tax Burden: Current system disproportionately impacts middle-class professionals.MP’s Evidence-Based Approach: Proposed reforms aim to balance government revenue and reduce the tax burden.Combatting Tax Fraud: Efforts to address LKR 60 billion […]
Supreme Court Allows TISL to Intervene in X-Press Pearl Case
Earlier this year, Transparency International Sri Lanka (TISL) filed an intervention petition in the Supreme Court, seeking permission to intervene in Case No. SC/FR 168/2021, which was filed by the Centre for Environmental Justice seeking fair compensation for the victims of the XPress Pearl disaster. The Attorney General strongly objected to the intervention. Today (6th […]
Sri Lanka to take over Chair of Indian Ocean Rim Association; Ministers meet in Colombo next week
Ministers of Foreign Affairs of the Indian Ocean Rim Association (IORA) as well as other senior Ministers of IORA Member States and Dialogue Partners will arrive in Sri Lanka next week for the 23rd IORA Council of Ministers which Sri Lanka is hosting on 11 October 2023 in Colombo. The Council of Ministers meeting in […]