CA Sri Lanka & APFASL launches Master’s Degree in Public Financial Management
Turning a new leaf in the country’s public financial management, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) together with …
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Western Province Solid Waste Management Master Plan Finalized
The final Joint Coordinating Committee (JCC) meeting of the Project for Formulation of Western Province Solid Waste Management Master Plan was held …
Over Two Thousand tourists on Cruise Liner at HIP
Two thousand two hundred passengers arrived at the Hambantota International Port (HIP) yesterday, on board cruise liner, Mein Schiff 5. The vessel is …
PUCSL Chair calls for 27-pct electricity tariff reduction: CEB says 3-pct only
Chairman of Public Utilities Commission of Sri Lanka, Janaka Ratnayake emphasized that there is a possibility of reducing electricity tariffs by 27 …
Government has brought anti-corruption Bill not to catch thieves but to imprison the whistle blowers: Eran
SJB Parliamentarian Eran Wickramaratne said that the government has brought a new legislation called Anti –corruption Bill is aimed at not to …
Teejay ends 2022-23 with 70-pct revenue growth despite tough H2
Posts revenue of Rs 84 billion for full year; Rs 17.3 billion in Q4 Sri Lanka’s first multinational textile manufacturer Teejay Lanka PLC has …
Will Govt place entire burden of domestic treasury bond debt optimization on EPF? Harsha
In a recent press conference MP Harsha de Silva outlined several critical points regarding the IMF Program and expressed general agreement with the …
Chinese market could provide Sri Lanka’s tea industry with options for expansion
Ambassador Dr. Palitha Kohona attended the Belt and Road International Tea Trading Forum in Hefeng County, Hubei Province as a guest speaker. Hubei …
Port City celebrates milestone as development nears completion & commercialization to begin
Port City Colombo (PCC), the ground-breaking infrastructure project aimed at reshaping Sri Lanka's economic landscape, celebrated a momentous …
Japan provides USD4.6 mn through FAO to boost paddy production in Sri Lanka
The Government of Japan through the Food and Agriculture Organization of the United Nations (FAO) is providing USD 4,629,629 to strengthen the …
Sampath Bank reports profit before tax of Rs 4.5Bn and profit after tax (PAT) of Rs 2.6Bn at 31st March
Sampath Bank succeeded in raising Rs 10 Bn in Tier 2 capital via a debenture issue in February 2023 and despite the depressing economic outlook in …
EU welcomes Sri Lanka’s intention to present a plan for lifting import restrictions by June
The European Union (EU) urges Sri Lanka to lift the import restrictions preventing many European products from entering its market. At the 25th …
Fitch Affirms SriLankan Airlines Government- Guaranteed Bonds at C
Fitch Ratings has affirmed SriLankan Airlines Limited's (SLA) USD175 million government-guaranteed 7% unsecured bonds due 25 June 2024 at
Sri Lanka economy expected to contract by 3-pct in 2023, Grow 1.5-pct in 2024: IMF
Given the weak external environment and domestic policy tightening, aimed at restoring macroeconomic stability, Sri Lanka's economy is expected to …
Comm Bank gross income grows 54.2-pct in Q1: LKR appreciation impacts loan book, deposits and assets
The Commercial Bank of Ceylon Group’s deposit base has surpassed Rs 2 trillion, a milestone it achieved in the first quarter of 2023 despite the …
IMF asks Sri Lanka to resolve uncertainty surrounding local debt restructuring
The International Monetary Fund is requesting Sri Lankan authorities to resolve the uncertainty surrounding the domestic debt restructuring and …
Harsha proposes GDP growth-linked instrument for domestic debt optimisation
During a recent press conference, Opposition MP Harsha de Silva warned against the potential risks of domestic debt optimization, stressing the need …
Hambantota International Port launches Duty Free Complex
The Hambantota International Port (HIP) launched its Duty Free Complex with the opening of 2 duty free shops within the port’s premises. The …
FAO & China launch USD1.5 mn project to strengthen Fruit Value Chains in Sri Lanka
The Food and Agriculture Organization of the United Nations (FAO) initiated a 1.5 million USD project via funding from China as part of the …
TISL files petition with Supreme Court challenging Anti-Corruption Bill
Transparency International Sri Lanka (TISL) on Wednesday filed a petition (SC SD 19/2023) with the Supreme Court, challenging the Anti-Corruption …
President instructs amendment of Land Act to suit current needs
President Ranil Wickremesinghe instructed the relevant officials to amend the existing ordinances regarding lands to suit the current development …
Creditor Committee wants debt treatment on terms at least as favorable as ones agreed by them
The official Creditor Committee comprised of 17 countries stresses the importance for private creditors and other official bilateral creditors of Sri …
Two Cruise Ships at Hambantota International Port
Two cruise ships, MS Europa 2 and MS Azamara Quest visited Hambantota International Port (HIP) on Tuesday (9th). More than 900 passengers disembarked …
Sri Lanka – Thailand FTA scheduled for early 2024
The fourth round of talks on the proposed Sri Lanka-Thailand Free Trade Agreement was held recently with both parties agreeing to complete the …