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JKH records EBITDA of Rs.9.23Bn in Q1 2023/24

Summarised below are the key operational and financial highlights of our performance during the quarter under review:  Group PBT at Rs.1.40 …

New UN Resident Coordinator in SL commits to work towards 2030 agenda for sustainable development

Newly appointed United Nations Resident Coordinator in Sri Lanka, Marc-André Franche, presented his letter of credence to President Ranil …

New Order issued relaxing certain limitations imposed on outward remittances of foreign exchange

With a view to assist and maintain the financial system stability by minimizing the pressure on the exchange rate and preserving the foreign currency …

EDB emphasizes dangers of foreign buyers entering Sri Lanka Gem Trade, illegally

The Export Development Board (EDB) Advisory Committee on Gems, Diamonds & Jewellery sector has emphasized the importance of making Sri Lankan Gem …

Sri Lanka’s Debt Restructuring to Ease Insurers’ Investment, Liquidity Pressures: Fitch

The Sri Lankan government's debt restructuring plan is likely to reduce investment and liquidity risks for domestic insurers, Fitch Ratings says. …

CFA Society Sri Lanka hosts CEO forum ‘Rebooting Sri Lanka Economy”

A CEO Forum organised by the CFA Society Sri Lanka (CFASSL) was held in Colombo recently with a focus on ‘Rebooting the Sri Lankan Economy - …

Remembering Amal Sanderatne

July 24, 2023 (LBO) - Amal Sanderatne, CEO and founder of Frontier Research, was a person whose intellect and work I admired. In remembrance, below …

Maximum Fuel Retail Price to be stipulated; Sinopec’s first fuel shipment to arrive in Aug

The first fuel shipment of China’s Sinopec, which signed a contract to enter the Sri Lankan fuel market, will arrive in the country early next …

Tribute: My Close Association with Merrill J. Fernando

July 20, 2023 (LBO) - By: Ranjit Hulugalle Below are some anecdotes from my close association with Merrill Fernando, especially in the UK between …

EU, AFD, and World Bank support Strengthening Public Finance Management in Sri Lanka

The Government of Sri Lanka and the World Bank, European Union (EU) and Agence Française de Développement (AFD) have recently signed financing …

FAO Launches Training of 300 Agriculture Extension Officers to Boost Sri Lanka’s Rice Sector

The Food and Agriculture Organization of the United Nations (FAO), in collaboration with the Department of Agriculture and Mahaweli Authority in Sri …

Sri Lanka Insurance expands its presence to Wattegama

Sri Lanka Insurance – opens its Wattegama Agency Business Development Center (ABDC) on the 14th of July at No. 73/C, Kandy Road, Wattegama. …

Nimi launches NimiKash, revolutionizing payroll management for IT workers

Nimi, a leading information technology firm specializing in Staff Augmentation and Development, Product Advisory, and Payments Advisory, is proud to …

Sri Lanka’s Debt Restructuring Roadmap: Following the Evidence

By Dr Dushni Weerakoon: Debt restructuring is fundamentally about allocating the associated economic costs to someone. The onus is typically on the …

A Plastic Recycling Center Opens in Kaduwela

The Kaduwela Municipal Council opened the first of four Plastic Recycling Centers at 567/3, Yashodara Mawatha, Dedigamuwa as a pilot to improve …

Ceylon Chamber Concerned About Developments in Healthcare Sector

The Ceylon Chamber of Commerce is concerned about recent developments in the healthcare sector, particularly regarding the quality of pharmaceutical …

Cinnamon Air to Launch Scheduled Flights to Jaffna from Colombo

Cinnamon Air, Sri Lanka's premier domestic airline, recently announced the launch of scheduled flights to Jaffna, which will provide travellers with …

Import Controls in Sri Lanka: Political Preference and Incentive Distortions

Battling an unprecedented economic crisis that overlapped the COVID-19 pandemic, Sri Lanka resorted to strict import controls since early 2020. …

Indian Foreign Secretary meets the President

Indian Foreign Secretary Vinay Mohan Kwatra met with President Ranil Wickremesinghe during his official visit to Sri Lanka this morning (11). The …

Silk Route Ventures initiates Sri Lanka’s first fully equipped food factory for culinary entrepreneurs

Understanding that setting up a food factory takes a colossal amount of investment and effort in this highly competitive environment and even more so …