Japan to organize Sri Lanka creditors’ meeting over debt crisis: report
Japan is working to organize a meeting of Sri Lanka’s creditors by the end of this year in hopes of solving the country’s debt crisis, the …
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Opinion: “Saving” the Economy
by M. Rizwan Muzzammil The economy is shrinking The economy can be likened to a train engine pulling carriages up a hill. The engine represents the …
PwC discusses the path towards ESG for food and beverage industry
Committed towards supporting the local food and beverage sector adapt to initiating measurable ESG initiatives, help gain investor confidence and …
SL Purchasing Managers’ Index: Sept 2022 manufacturing PMI decline
Manufacturing PMI declined in September 2022, indicating a setback in manufacturing activities on a month-on-month basis. Accordingly, Manufacturing …
Ceylon Chamber seeks acceleration of reforms and greater accountability for Govt spend
The Ceylon Chamber of Commerce acknowledges the rationale for the recently proposed tax changes and calls on the Government to show greater …
Hayleys Fabric strengthens biodiversity regeneration efforts, Partners with CEA and local universities
Strengthening its commitment to drive biodiversity regeneration and environmental conservation, Hayleys Group subsidiary and leading textile …
Sri Lanka’s draft ‘rehabilitation’ law would spur abuse: Human Rights Watch
The Sri Lankan government should withdraw a draft law that would give the authorities broad powers to detain people in military-run …
PRCA APAC findings shed light to the state of the PR industry in Sri Lanka
The APAC chapter of the Public Relations and Communications Association (PRCA), the world’s largest and influential PR body, carried out a survey …
FAO, IFAD and WFP renew commitment to strengthening food security in Sri Lanka
The Food and Agriculture Organization of the United Nations (FAO), together with the International Fund for Agricultural Development (IFAD) and the …
Port City Colombo marks anniversary and children’s day with donation of children’s books
Continuing with its various initiatives to uplift communities and create opportunities in Sri Lanka, CHEC Port City Colombo (CPCC), the sole investor …
Sri Lanka to seek eligibility for IDA loans while remaining as a middle-income country: PMD
The government stated that Sri Lanka will remain a middle-income country and pursue a “reverse graduation” policy for a limited period of time. …
Ceylon Chamber to Host Sri Lanka Economic Summit 2022
As Sri Lanka begins the monumental task of laying the groundwork for economic revival, the Sri Lanka Economic Summit (SLES) 2022 organised by the …
Sri Lanka cabinet approves downgrade back to low income country
Cabinet has approved a proposal to downgrade Sri Lanka to "low income" category on the World Bank list with the aim of getting access to concessional …
Fitch Ratings: What Is the Outlook for Tourism in Asia
The international tourism recovery in APAC has generally been trailing the rest of the world, due in part to more cautious easing of border …
PwC Sri Lanka to aid SL’s financial institutions transition to green financing
Climate change today is affecting the financial system due to its far-reaching impact across all sectors and geographies. As risks associated with …
Sri Lanka’s real GDP is expected to fall by 9.2-pct this year & a further 4.2-pct in 2023: World Bank
Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 …
Sri Lanka rejects resolution at the UN Human Rights Council
Sri Lanka categorically rejected resolution A/HRC/51/L.1 (Rev.1) titled "Promoting reconciliation, accountability and human rights in Sri Lanka" …
Dialog in Partnership with Sampath Bank Launches Tourist Fuel Pass; Unrestricted Access to Fuel for Tourists
Dialog Axiata PLC on the invitation of Ministry of Power and Energy and Ministry of Tourism partnered Sampath Bank PLC, to launch the Tourist Fuel …
CCPI inflation would start falling down from this month: CBSL Governor
Sri Lanka’s Central Bank Governor expects that the Colombo Consumer Price Index (CCPI) will start falling down from this month and to follow a …
Central Bank of Sri Lanka maintains policy interest rates
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 05 October 2022, decided to maintain the Standing Deposit Facility Rate …
Bileeta Partners with USAID CATALYZE Sri Lanka Private Sector Development (PSD) to offer tech support to SMEs
Bileeta, one of Sri Lanka’s top ERP (Enterprise Resource Planning) solutions providers, has joined hands with USAID CATALYZE Sri Lanka Private …
How a country in economic turmoil is still ripe for investors
For businesses in the field of large-scale manufacturing, a critical factor that determines their future and success is a key decision made at their …
Illegally imported Hummer auctions off to the importer himself violating tender procedures
Customs officials have violated tender procedures by auctioning off an illegally imported Hummer to the illegal importer himself at a much lower …
Transitioning from hawkish to dovish; 75-pct probability for policy rates to remain unchanged: FCR
First Capital Research (FCR) believe that CBSL may consider maintaining the monetary policy rates at its current levels in the upcoming policy review …