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The onslaught of the beedi industry and its impact on Sri Lanka’s economy

Lack of tax collectability results in dampening of government revenue ambitions While Sri Lanka has made notable progress in tobacco control, with …

IMF to Return to Sri Lanka for Crucial Third Review Soon

In a recent press briefing, the International Monetary Fund (IMF) announced that a mission will soon return to Sri Lanka to continue negotiations for …

Fitch Affirms Ceylon Electricity Board at BB+(lka); Outlook Stable

Fitch Ratings has affirmed Ceylon Electricity Board's (CEB) National Long-Term Rating at 'BB+(lka)'. The Outlook is Stable. Fitch also affirmed the …

Effect of US Election Outcome on Sovereign Credit Profiles Will Vary: Fitch Ratings

The re-election of Donald Trump as US president, supported by likely Republican majorities in both houses of Congress, will have ramifications for …

Opinion: Ruwan Wijewardene – UNP Unity Candidate

November 10, 2024 (LBO) - Parliamentary elections are just days away, and a common theme I have heard over the last few days is that many people …

HVA Foods PLC Partners with Müggenburg Group, Germany

HVA Foods PLC, a member of the George Steuart Group, announces its exclusive distributor partnership with Müggenburg Group, Germany, a renowned …

Sri Lanka elected Vice President of International Solar Alliance Standing Committee (Asia–Pacific Group)

Sri Lanka, together with Australia, was elected by acclamation to the post of Vice President of the Standing Committee (Asia–Pacific Group) during …

Financial Intelligence Unit enters into a MoU with National Secretariat for Non-Governmental Organizations

The Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with the National Secretariat for …

Fitch Rates Sampath Bank’s Basel III Subordinated Debt ‘BBB+(EXP)(lka)’

Fitch Ratings has assigned Sampath Bank PLC's (A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up …

Aitken Spence Logistics Triumphs with 5 Prestigious Wins at SLFFA National Logistics Awards

Aitken Spence Logistics showcased its enduring excellence and industry leadership at the prestigious SLFFA National Logistics Awards (NLA) 2024, …

Hemas Holdings Boosts Profitability through Efficiency in a Challenging Market

Hemas Holdings PLC reported a cumulative revenue of Rs. 54.4 billion, with operating profits of Rs. 5.0 billion and earnings of Rs. 2.5 billion. The …

VIDEO: Trump projected winner of 2024 presidential election (FULL SPEECH)

Donald Trump spoke from his election night watch party in West Palm Beach, Florida, after FOX News called the presidential election for

Opinion: CB defends liquidity injections amid “Money Printing” controversy

by Dhananath Fernando A fresh controversy has erupted following reports that Sri Lanka’s Central Bank (CBSL) injected nearly 100 billion rupees …

JKH records continued growth momentum in Q2

Sri Lanka's John Keells Holdings PLC (JKH) reported continued growth momentum across almost all businesses in the second quarter, a statement …

Opinion: Foreign Direct Investment Opportunities in Sri Lanka – A Sector-by-Sector Analysis

Introduction Sri Lanka is at a pivotal moment in its economic development journey, with a fresh political climate following recent elections and …

Opinion: Towards a Corruption-Free Sri Lanka to Save Billions

By Jithendra Antonio In a country where corruption has long infiltrated both public and private sectors, Sri Lanka approaches a critical juncture, …

Sri Lanka’s Global Competitiveness at Risk: The Economic Cost of Cargo Clearance Delays

Efficient border agency operations are crucial for any economy, especially for island nations like Sri Lanka, where trade significantly contributes …

Ramp Up 2024: WCIC’s fashion show focuses on empowering Sri Lankan designers

The Women’s Chamber of Industry and Commerce (WCIC) proudly announces ‘Ramp Up! 2024’, a significant fundraiser dedicated to empowering Sri …

CBL Munchee achieves BRC AA+ grade and GPEA ‘World Class’ recognition

Ceylon Biscuits Limited (CBL), Sri Lanka’s leading biscuit manufacturer and the proud owner of flagship brand Munchee, announces its remarkable …

Assetline Finance join hands with BlueOrchard in empowering women entrepreneurs

In a groundbreaking development, Assetline Finance Limited, the flagship company in the financial services cluster of the David Pieris Holdings …

EDB Establishes “Trade Facilitation Task Force” to Enhance Export Efficiency

As a strategic move to develop a mechanism for addressing challenges in the export value chain, the Export Development Board (EDB) has established a …

Rashmi Peiris Paranavitane, CFA takes over CFA Society Sri Lanka reins

CFA Society Sri Lanka (CFASSL), part of the global network of CFA Institute member societies leading the investment profession across 160 countries, …

Palali-Achchuveli Main Road Reopens after 3 decades

Following directives from President Anura Kumara Dissanayake, the Palali-Achchuveli main road was reopened today (01) after three decades of closure. …

President Appoints Hans Wijayasuriya as Chief Advisor on Digital Economy

President Anura Kumara Dissanayake has appointed Dr Hans Wijayasuriya as the Chief Advisor to the President on Digital Economy. President Dissanayake …