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CA Sri Lanka submits budget proposals to Finance Minister Basil Rajapaksa
In its standing as the National Body of Accountants, officials of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently met with the Minister of Finance, Basil Rajapaksa, and the Secretary to the Treasury, S R Attygalle, to discuss the upcoming National Budget for 2022. During two separate meetings, the Chairman of the CA […]
EDB creates platform to develop bilateral trade between Sri Lanka & Bangladesh
A multi-party meeting on enhancing bilateral trade between Sri Lanka and Bangladesh was held at the Export Development Board (EDB) on 3 November, 2021, under the patronage of the Trade Minister Bandula Gunawardena and High Commissioner of Bangladesh to Sri Lanka Tareq Md Ariful Islam with the participation of companies that export products to Bangladesh. […]
Country will fall into disaster if budget 2022 fails to infuse confidence amongst global community: Eran
The finance minister who assumed duty declaring he is the finance minister without money has huge challenges to overcome through the Budget – 2022 which we are expecting next week on November 12, said SJB Parliamentarian Eran Wickramaratne speaking at a Press Conference. “We must wait and see what he has to say. One of […]
Sri Lanka’s reserves down to USD 2.3bn in October; YTD rupee depreciation 8-pct
Sri Lanka’s official reserves were 2.3 billion US dollars (USD 2,267.5mn) by the end of October, down from 2.6 billion US dollars in September, the latest Central Bank data showed. By the end of October, the foreign currency reserves were 1,686.1 million dollars while the reserve position in the IMF was 67.7 million dollars. Special […]
Road crash fatalities, injuries could cost Sri Lanka between 3-5-pct of GDP annually: WB
Data shows every year 38,000 crashes cause 3,000 deaths and 8,000 injuries Road crash fatalities and injuries could cost countries like Sri Lanka between 3-5% of their GDP annually $2 billion additional investment needed to combat road safety crisis Priyantha Fernando* (34) was heading home after a typical day’s work when his motorcycle crashed into […]
‘Almeida
“Lots of leaders give themselves too much credit. They think, I made the decision but they won’t realize that there were other people but they take the credit for it. But most of our decisions we make collectively.” Peter D’Almeida, CEO of Kehelmala Productions This video interview series will feature leaders who share their biggest […]
VIDEO INTERVIEW: Decision Makers in Sri Lanka – Peter D’Almeida
“Lots of leaders give themselves too much credit. They think, I made the decision but they won’t realize that there were other people but they take the credit for it. But most of our decisions we make collectively.” Peter D’Almeida, CEO of Kehelmala Productions This video interview series will feature leaders who share their biggest […]
The Climb Ahead: Making the Case for Human Capital Investments in Sri Lanka
By Hartwig Schafer , Vice President, South Asia Region, World Bank “Sri Lankan children make a dangerous climb for online school,” read the headline of a recent article carried by Al Jazeera. The article, and many others like it, came out in response to a set of photographs making the rounds on social media. The […]
HIP reaffirms gateway status with first shipment for local manufacturer
The Hambantota International Port (HIP) recently facilitated the shipment of locally manufactured trailers, marking the beginning of its services to the local industry as a gateway port. “The master plan of the Hambantota International Port clearly spells out supporting the development of Sri Lankan industries servicing overseas markets.This shipment for Dutch Lanka Trailers emphasizes HIP’s […]
WB Group agreed to provide USD 500mn loan for Inclusive Connectivity & Development Project
The Development Policy Framework of the Government has identified the necessity of improvement of accessibility and connectivity of Rural Sri Lanka by rehabilitation and improvement of rural & provincial roads on a priority basis. Poorly maintained provincial and rural road network has resulted poor accessibility and connectivity, poor road safety, as well as high transportation […]
Ex-Pack IPO oversubscribed, Highest in recent times
Ex-Pack Corrugated Cartons Limited’s LKR 700 million IPO, witnessed 6,000+ applicants seeking to subscribe, resulting in an 11X oversubscription. This is the highest rate of oversubscription witnessed by any recent IPO, making it the highest subscribed IPO for 2021. The IPO, which opened on the 22nd of October 2021, was oversubscribed in a matter of […]
SL, WB partner for safe, climate-resilient transport connectivity and strong agricultural supply chains
The Government of Sri Lanka and the World Bank signed a $500 million financing agreement to provide safe, efficient and climate resilient connectivity to strengthen agricultural supply chains through the Inclusive Connectivity and Development Project. This project is expected to benefit around 16 million people living in rural communities in selected districts of Sri Lanka. Sajith […]