All News

Oil Spill Drill at Hambantota International Port

Hambantota International Port (HIP) in partnership with the Sri Lanka Coast Guard and the Sri Lanka Navy, conducted an oil spill drill last week, to …

Central Bank maintains policy interest rates at their current levels

The Monetary Policy Board of the Central Bank decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate …

Sri Lankans resettled in Tamil Nadu receive passports

The Deputy High Commission of Sri Lanka in Chennai conducted an event on 19 January 2024 to hand over the first batch of " All Country Passports" to …

Primary & Budget Balances move in opposite directions as interest payments increase

The Fiscal Management Report 2024 published by the Ministry of Finance, shows that the Primary Balance improved from LKR -317 Bn in the 3rd quarter …

IMF Staff concludes visit to Sri Lanka; highlights introduction of a progressive property tax

An International Monetary Fund (IMF) mission team led by Peter Breuer visited Sri Lanka from January 11 to 19, 2024 to discuss recent macroeconomic …

99x Achieves ISTQB Platinum Partner Status Elevating Software Quality Assurance Excellence

99x, a global IT services company, proudly announces its achievement of the prestigious International Software Testing Qualifications Board (ISTQB) …

Heshana Kuruppu ceremoniously inducted as the 27th President of CA Sri Lanka

Renowned Chartered Accountant, Heshana Kuruppu, was inducted as the 27th President of the Institute of Chartered Accountants of Sri Lanka (CA Sri …

CA Sri Lanka hosts 82nd SAFA Board Meeting in Colombo and assumes Presidency

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), as a founding member of the South Asian Federation of Accountants (SAFA) proudly …

Hatch and Sarvodaya launch “GoviLab” AgriTech accelerator

Sarvodaya, a grassroots organization, is partnering with Hatch - Sri Lanka’s largest innovation and entrepreneurship development organization, to …

Online Safety Bill is reminiscence of Censorship against media, civil society, says Eran

Eran Wickramarathne MP outlining the dangers of the proposed Online Safety Bill hastily proposed by the government warned that it could leave room …

SL Commits to Fair Trade Collaboration: EDB & International Fair Trade Networks Sign a Cooperation Framework

In a Strategic move to promote International Fair Trade and foster global cooperation, Sri Lanka officially signed the Framework of Cooperation (FOC) …

New Director for ILO Country Office for Sri Lanka and the Maldives Appointed

Joni Simpson assumed her duties as the Director for the International Labour Organization Country Office for Sri Lanka and the Maldives on 15 January …

Sail Lanka anchors sponsorship for Galle Literary festival 2024

The Galle Literary Festival, in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB), unveils its highly anticipated program for 2024, …

Gourmet Galle: Culinary extravaganza on South coast of Sri Lanka

Gourmet Galle, the partner festival to the esteemed Galle Literary Festival, is set to launch an exceptional 12-week culinary celebration on the …

CEAT helps keep Suwa Seriya ambulances on the road

The 322-strong fleet of ambulances operated by the Suwa Seriya Foundation will continue to fulfil its humanitarian mission in Sri Lanka with tyres …

Japanese Finance Minister Commends Economic Advancements in Sri Lanka

Japan's Finance Minister, Suzuki Shunichi, arrived in Sri Lanka on a two-day official visit (11-12) aimed at deepening economic relations with the …

Next Steps in Sri Lanka’s Economic Program Outlined by IMF

The International Monetary Fund (IMF) has recently approved the first review of Sri Lanka’s economic program, marking a significant milestone in …

Book Review: Ibn Battuta in Sri Lanka

January 11. 2024 (LBO) - When a dear friend mentioned to me that a prominent professor had recommended she read a recent book on Ibn Battuta in Sri …

2023-2025 National Action Plan scheduled for Cabinet approval in February

The inaugural multi-stakeholder workshop to formulate Sri Lanka's 3rd National Action Plan (NAP) 2023-2025 took place yesterday (10) at the Renuka …

New Year, New VAT: Can Sri Lanka’s Poor Cope with the Increase?

By Lakshila Wanigasinghe: Ringing in the new year for Sri Lankans was an increase in the value-added tax (VAT) rate to 18% and a withdrawal of …

Sri Lanka Central Bank to implement single policy rate mechanism

Sri Lanka's Central Bank of Sri Lanka (CBSL) said it seeks to consolidate monetary policy operations under a single benchmark rate. Governor of the …

SL economy to record positive growth rates and gain further momentum over medium term: CB Governor

Sri Lanka has entered a path of recovery following the worst economic crisis in its postindependence history while the policy measures that were …

Uncertain Economic Outlook for Sri Lanka Amid Debt Restructuring & Structural Reforms: World Bank

The economic future of Sri Lanka remains uncertain, as the country navigates debt restructuring negotiations with private creditors and implements …

Cargills Bank debuts trading on the Colombo Stock Exchange

The shares of Cargills Bank Limited (CODE: CBNK-N-0000) commenced trading on the Colombo Stock Exchange (CSE) on 09th January 2024. The shares have …