IMF Staff Mission Recommends Avoiding Further Monetary Policy Loosening in Sri Lanka
The International Monetary Fund (IMF) staff mission visiting Sri Lanka has concluded that further loosening of monetary policy could be detrimental …
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Sri Lanka and Thailand to Sign Free Trade Agreement in February 2024
The 8th round of negotiations for the Sri Lanka-Thailand Free Trade Agreement (SLTFTA) concluded successfully on November 29th, paving the way for a …
FAO Delivers Climate Resilient ‘Unsinkable’ Boats & Model Fish Display Stalls to Strengthen Fisheries Sector
The Food and Agriculture Organization of the United Nations (FAO) handed over two specially designed climate resilient fishing boats and 30 modified …
Public Investment for SDG Financing in Sri Lanka: Reality or Myth?
By Dr Lakmini Fernando Realising Sustainable Development Goals (SDGs) by 2030 requires substantial investment allocation, especially for developing …
Ceylon Chamber Notes IMF’s First Review under the EFF Arrangement for Sri Lanka
The Ceylon Chamber of Commerce appreciates the Board approval of the International Monetary Fund's (IMF) completion of its first review under the …
Asia-Pacific Human Development Report calls for new directions to address rising inequality, climate change, and economic headwinds
The narrative of human development in Asia and the Pacific has been one marked by advancement, inequality, and unforeseen challenges. Against this …
We cannot let our country go on like this, Let’s build a new country together: Eran
Eran Wickramaratne MP alleged that foreign investors do not come to this country not because of the lack of tax incentives, but because the country's …
Patali Champika Ranawaka Slams Government’s VAT Hike and Economic Policies
Patali Champika Ranawaka, leader of the United Republic Front and Member of Parliament, denounced the government's decision to raise Value Added Tax …
Suvasarya Pioneers Mixed Reality in Asian Ambulance Service with Pilot Projects in Colombo & Jaffna
Today marks a significant step forward for 1990 Suvasarya, as the ambulance service becomes the first in Asia to adopt mixed reality and AI …
IMF Completes First Review of Sri Lanka’s Economic Program, Disburses USD337 Mn
While Sri Lanka received a crucial USD337 million disbursement from the IMF today, the country's path towards full economic recovery remains …
ComBank raises Rs 12 bn. as Debentures are snapped up on opening day
The Commercial Bank of Ceylon has raised Rs 12 billion in capital with its Debenture issue closing after over subscription on its opening day, …
Bar Association Defends New Regulations for Foreign LL.B. Degree Holders
The Bar Association of Sri Lanka (BASL) has released a statement defending the proposed regulations for entry into the legal profession for holders …
Sri Lanka’s Cabinet Approves New Foreign Exchange Rules; Reinstates Employee Stock Scheme Investments
The Cabinet of Ministers has approved new foreign exchange rules that both extend existing restrictions and lift some limitations, including the …
Sri Lanka Streamlines Renewable Energy Project Approval Process
In a move to accelerate the implementation of renewable energy projects and meet ambitious national climate targets, the Sri Lankan government has …
X-Venture Introduces Xapi: The Ultimate Solution to Streamline API Design
X-Venture, a pioneering IT firm based in Sri Lanka, has just launched their flagship product ‘Xapi’, a revolutionary API design platform tailored …
Port City Colombo in round table discussion at Commonwealth Trade and Investment Summit
Port City Colombo (PCC) showcased its commitment to sustainable development and global economic cooperation at the third Commonwealth Trade and …
Virtusa host CMO in Sri Lanka and discusses of transformation across HR, brand, technology and sales
Virtusa, the global provider of digital engineering solutions hosted Brian Jochum, the company’s Chief Marketing Officer and a member of the Global …
Softlogic (SHL) shares again suspended from trading
December 8, 2023 (LBO) - Shares in Colombo Stock Exchange (CSE) listed Softlogic Holdings (SHL) have been suspended from trading again on a December …
President Appoints Vadivel Suresh as Senior Advisor for Hill Country Tamil Integration
In a significant move aimed at fostering the integration of Hill Country Tamils into Sri Lankan society, President Ranil Wickremesinghe has appointed …
Microsoft 2024 Imagine Cup launches in Sri Lanka Offering students, a platform for AI-innovation
Microsoft Imagine Cup, the global technology startup competition for visionary student entrepreneurs harnessing the power of Microsoft AI, has …
Fitch Downgrades Singer Finance to ‘BBB(lka)’; Outlook Stable
Fitch Ratings has downgraded Singer Finance (Lanka) PLC's (SFL) National Long-Term Rating to 'BBB(lka)' from 'BBB+(lka)'. The Outlook is Stable. …
Colombo Port City Economic Commission Welcomes Three Major Sri Lankan Commercial Banks
The Colombo Port City Economic Commission (the Commission) is pleased to announce that three of Sri Lanka’s leading commercial banks—Commercial …
99x achieves ISO 27001:2022 certification, reinforcing commitment to information security
99x announces its successful achievement of the ISO 27001:2022 certification, a globally recognized standard for Information Security Management …
Rebound of Sri Lanka’s Tourism sector: RIUNIT report
The Research Intelligence Unit (RIUNIT) has released a comprehensive report shedding light on the current state of the Sri Lankan Travel and Tourism …