World Bank Managing Director Visits Sri Lanka, Stresses Need to Pursue Reforms, Invest in People
World Bank Managing Director for Operations, Anna Bjerde, concluded her four-day visit to Sri Lanka today, encouraging the Government of Sri Lanka to …
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Civil Society Urges Immediate Governance Reforms
The people will hardly benefit from the aid and assistance Sri Lanka receives as long as corruption persists, Transparency International Sri Lanka …
VAT to be increased to 18-pct from January; coverage will be expanded to meet targets agreed with IMF
The current Value Added Tax (VAT) rate is to be increased to 18% with effect from 01-01-2024, and to impose the tax on certain goods and services to …
99x Launches Inspiring Scholarship Programme for Future Tech Leaders
99x has launched an inspiring scholarship programme aimed at empowering young minds who have excelled in their Ordinary Level and Advanced Level …
Opinion: Reforming tax incentive structure in Sri Lanka
The second tranche of the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) was delayed as the country failed to meet some of the …
Microsoft Sri Lanka Leads the Way in Harnessing AI for Business Transformation
Microsoft Sri Lanka recently hosted ‘Leading the Era of AI’, an event that presented a unique opportunity for partners and customers – from a …
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 …
CDS signs Agreement with LankaPay Online Payment Platform
The Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), recently signed an agreement with LankaPay, Sri …
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 …
Between Homefront Policies and Global Developments: Sri Lanka’s External Sector Outlook
By Nilupulee Rathnayake Having weathered a challenging period marked by a deep economic crisis, Sri Lanka is now demonstrating positive signs of an …
Sri Lanka’s exports dropped by 15-pct in Sept compared to Aug amid decreased demand
Sri Lanka’s merchandise exports decreased by 11.88 % to US$ 951.5 Million in September 2023 compared to September 2022 as per the provisional data …
Moody’s & Google Cloud Partner on Generative AI Applications Tailored for Financial Services Professionals
Moody’s Corporation (NYSE:MCO) and Google Cloud today announced a new strategic partnership to explore bringing together Moody's expertise in …
Fitch Affirms Melstacorp and Subsidiary Distilleries at ‘AAA(lka)’; Outlook Stable
Fitch Ratings has affirmed the National Long- Term Ratings of Sri Lanka-based conglomerate Melstacorp PLC and its subsidiary, Distilleries Company of …
President Wickremesinghe meets Chinese President Xi Jinping
President Xi Jinping of the People’s Republic of China stated that China is committed to assisting Sri Lanka in achieving economic stability …
PUCSL approves Electricity Tariff Revision effective from today
The Public Utilities Commission Of Sri Lanka (PUCSL) has approved the electricity tariff revision effective from Oct 20, 2023, to June 30, 2024. …
IMF Reaches Staff-Level Agreement on First Review of Sri Lanka’s Extended Fund Facility Arrangement
IMF staff and the Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the first review of the 48-month …
Chinese Finance Minister assures an extensive commitment from China to enhance Sri Lanka’s debt optimization
The Chinese Finance Minister, Liu Kun, has reaffirmed China's commitment to extend comprehensive support for the implementation of a medium-term and …
University Business Link. Connecting Academic Inspirations to Commercial Markets
By Jekhan Aruliah Entrepreneurs turn ideas into business and money. Rubbish rescued from tips make valuable construction materials and fuels. …
United Motors to Acquire Dutch Lanka Trailers for LKR700mn
October 17, 2023 (LBO) - Colombo Stock Exchange listed United Motors (UML) has entered into a share purchase agreement for the purchase of 100% of …
Imperative for SOE Reforms in focus at Sri Lanka Economic Summit 2023
The second session of the Sri Lanka Economic Summit 2023 titled ‘SOE Reforms – Now or Never’ will focus on the imperative for SOE reforms, …
Re-designing Sri Lanka’s foreign policy, “need of the hour”: Eran
Sri Lankan’s economy is not standalone, but is interlinked with foreign policy, says SJB parliamentarian Eran Wickramaratne. "Whilst our internal …
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, …
Fitch downgrades Senkadagala Finance’s National rating to ‘BBB(lka)’, Removes RWN
Fitch Ratings has downgraded Sri Lanka-based Senkadagala Finance PLC's (Senka) National Long-Term Rating to 'BBB(lka)' from 'BBB+(lka)'. The Outlook …
Opinion: Energy, EVs, Environment and the Economy
By M. Rizwan Muzzammil According to an article in ‘The Diplomat’ (2nd Oct 23), the Sri Lankan government has committed to supplying 70% of its …