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SriLankan Airlines to start operations to China

SriLankan Airlines is set to renew its commercial operations to China in the first week of April 2023, with a thrice weekly service each to Shanghai, …

Hemas’ Focus on Core Sectors Continues to Deliver Sustained Growth

Hemas Holdings delivered a commendable performance in the first nine months of the financial year 2023. Notwithstanding the volatile economic …

Aitken Spence reports cumulative first 9 months PBT of 10.3 Bn with 214-pct growth

The leading blue-chip conglomerate, Aitken Spence PLC reported a cumulative Profit Before Tax (PBT) of Rs. 10.3 Bn for the nine months ended 31st …

Fitch upgrades Bank of Ceylon’s VR & Foreign-Currency IDR to ‘cc’/’CC’

Fitch Ratings has upgraded Bank of Ceylon's (BOC) Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CC' from 'RD' (Restricted Default). The …

Personal income taxation is a short-term economic development strategy, says Government

According to Dr Kapila Senanayake, Director General of the Department of Financial Policy, the tax on personal income was imposed as a short-term …

Paris Club creditors provide financing assurances to support IMF’s approval of an EFF for Sri Lanka

Paris Club creditors have agreed to provide financing assurances to support the approval by the IMF Executive Board of the envisaged IMF program for …

Foreign Minister Ali Sabry meets US Under Secretary for Political Affairs Victoria Nuland

The Minister of Foreign Affairs at a luncheon meeting with U.S. Under Secretary for Political Affairs Victoria Nuland on 01 February 2023, discussed …

European Union & FAO to provide fertilizers, seeds & training to vulnerable paddy farmers in Sri Lanka

The European Union (EU) has allocated 4 million Euro (approximately 1,5 billion rupees) in grants for fertilizers, seeds, and training to the most …

500 buses from Indian Government in parallel to Sri Lanka’s 75th Independence Day

A token of 50 buses was handed over to President Ranil Wickremesinghe at the Presidential Secretariat premises today as the second phase of a project …

China confirms debt service extension; supports Sri Lanka’s loan application to IMF

China's government on Friday confirmed that it is offering an extension on the debt service due in 2022 and 2023, which means Sri Lanka will not have …

Sri Lanka Central Bank rejects Tim Draper’s Bitcoin proposal to fix economy

Sri Lanka's Central Bank has rejected billionaire venture capital investor Tim Draper's proposal to introduce a Bitcoin-based solution to fix the …

Grant of 100 Mn Japanese yen to support reconciliation efforts of Sri Lanka

Takei Shunsuke, the Minister of State for Foreign Affairs of Japan, stated that he is constantly working to support the reconciliation efforts of Sri …

US President extends warm wishes to Sri Lanka on its 75th Anniversary of Independence

US President Joseph R. Biden, in a warmly worded letter of felicitation, conveyed his best wishes to President Ranil Wickremesinghe and the people of …

On the 75th, Independence, time to re-plug to the world economy

Advocata Institute As Sri Lanka is inaugurating its political independence of 75 years on February 4th, the burning issue the public is struggling to …

Hatch enters partnership with Draper Startup House to strengthen SL’s position as Startup Nation

Startup ecosystem builder Hatch entered a strategic partnership with Draper Startup House, a global network of spaces connected to resources for …

Ceylon Chamber Facilitates SME Entry to International Markets

Supporting the capacity development and growth of the Small and Medium Enterprises sector, the Ceylon Chamber of Commerce recently held a series of …

Hambantota International Port handles 3 cruise ships in January

Cruise ships Artania, Coral Geographer, and The World visited Hambantota International Port (HIP) in January 2023.   More than 1000 passengers …

Ceylon Chamber of Commerce launches outlook 2023 report

The Ceylon Chamber of Commerce (CCC) recently launched the 8th edition of its flagship annual Outlook Report for 2023 at the Economic Outlook 2023 …

E-commerce: An islandwide phenomenon and youth-oriented futuristic industry of SL – Report

Daraz Sri Lanka and Sri Lanka Association for Software Services Companies (SLASSCOM) released the first in-depth study on the adoption and use of …

US Government expresses support for Sri Lanka’s on-going recovery efforts

U.S. Under-Secretary for Political Affairs, Victoria Nuland, who is currently on an official visit to Sri Lanka, expressed her Government’s support …

USAID & CCC launch comprehensive study to assess digital maturity of small & medium sized exporters

The Ceylon Chamber of Commerce (CCC) with support from the U.S. Government’s development arm, the U. S. Agency for International Development …

Merchandize exports reached USD 13Bn in 2022

Merchandise exports have increased by 4.6% to US$ 13,070.6 Million in 2022 compared to the corresponding period of 2021, Sri Lanka Customs data …

DFCC partners with CDB to promote convenient access to inward remittances

DFCC Bank PLC, one of Sri Lanka's most trusted banks and a leader in inward remittances, has partnered with Citizens Development Business Finance PLC …

CA Sri Lanka to create history in the Middle East with inaugural conference for Accountants

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) which stakes claim for organising the biggest annual business summit in Sri Lanka, …