PUCSL decision on power interruption
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, has decided to reconsider the proposal made by the Ceylon …
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Indonesia pledges to strengthen palm oil smallholders
A special meeting was held on the 11th of January 2022 between the Palm Oil Association of Sri Lanka (POIASL) and Her Excellency, Dewi Gustina …
Electronic & Electrical Sector breaks record with over USD 422mn export earnings in 2021
Electronic and Electrical Sector has recorded a 30% increase in its export earnings compared to $328mn recorded last year, despite COVID-pandemic …
Sanjaya Bandara ceremoniously inducted as 26th President of CA Sri Lanka
A leading figure in the Sri Lankan accounting fraternity, Sanjaya Bandara was ceremoniously inducted as the 26th President of the Institute of …
Sri Lankan sapphires highlighted at SL Embassy in China
Sri Lankan gemstones were showcased at a glamorous event hosted by the Embassy in Beijing on 17 January, 2022. Sponsored by the ‘LARWINER - Gem Art …
Hotel service providers should accept payments from persons resident outside SL in forex: CBSL
The Monetary Board of the Central Bank issued Rules making it mandatory for hotel service providers to accept payments from persons resident outside …
Ceylon Chamber of Commerce Strengthens Trade Ties with the Maldives
A Memorandum of Understanding signed recently between the Ceylon Chamber of Commerce and the Maldives National Chamber of Commerce and Industry …
Foreign Minister discusses range of projects with Korean Speaker
Foreign Minister Prof. G.L. Peiris hosted a Lunch on 20 January, 2022 in honour of the visiting Korean Delegation headed by …
Opinion: Special goods and services tax, Issues and concerns
Dr Roshan Perera & Naqiya Shiraz Background The new bill titled ‘Special Goods and Services Tax’ was published by gazette dated 07 January …
CEAT tyres chosen as original equipment for Lanka Ashok Leyland commercial vehicles
CEAT Kelani Holdings has moved into the new year with the added impetus of its appointment as an Original Equipment Manufacturer (OEM) for a range of …
CBSL raises policy rates by 50bps; urges banks to swiftly increase deposit interest rates
Sri Lanka's Central Bank has decided to adopt several policy measures with a view to strengthening macroeconomic stability. Accordingly, in …
Gamini Senarath appointed new Secretary to President, Anura Dissanayake new Secretary to PM
Gamini Senarath, a senior official of the Sri Lanka Administrative Service, has been appointed as the new Secretary to the President. The letter of …
Women in Management, IFC and Government of Australia recognise inspiring women from Sri Lanka and Maldives
The 'Top50' Professional and Career Women Awards 2021 – hosted by Women in Management (WIM), in collaboration with Women in Work, a partnership …
Sri Lanka’s INSEE Cement and IUCN partner to support biodiversity conservation
Siam City Cement Group (SCCC Group) and the International Union for Conservation of Nature (IUCN) extended their partnership for another three years …
Term of Small Tea & Rubber Estate Revitalization Loan Program extended
A rural finance program has been implemented during the period 2019-2021 for revenue generation and market diversification of targeted beneficiaries …
Leading German importer urges agri-product exporters to practice superior packaging to capture European markets
Jan Paul Bethke, a leading German importer of Sri Lankan fruits and tea, urged Sri Lankan agri-product exporters to practice effective and superior …
Sri Lanka pays USD 500mn sovereign bond matured today: CB Governor
The Governor of Sri Lanka's Central Bank Ajith Nivard Cabraal states that Sri Lanka has paid the USD 500 million sovereign bond that matured today …
Fitch Downgrades Sri Lanka’s Long Term Foreign Currency IDR to ‘CC’
Fitch Ratings has downgraded Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CC', from 'CCC'. Fitch typically does not assign …
We hope to transform ICT & BPM businesses into USD 3bn export sector soon, President assures Parliament
Transforming future Sri Lanka into a technologically driven country, the government hopes to transform ICT / BPM businesses into a USD 3 billion …
Gravely concerned about looming economic crisis in Sri Lanka: Bar Association
The Bar Association of Sri Lanka (BASL) calls upon the government to seek the assistance of acknowledged independent and non-partisan experts both …
Opinion: Why marketers need to be empathetic now than ever
By Thanzyl Thajudeen As leading marketers, we have lately been focusing much of our efforts towards data, digital and the metaverse. We have more …
Sri Lanka’s Sovereign Foreign Debt: To Restructure or Not?
By Dr. Dushni Weerakoon: Sovereign debt restructuring can be pre-emptive or post-default. A default is inherently costly as it can result in a …
S&P downgrades Sri Lanka; Central Bank disputes
Sri Lanka's Central Bank says that S&P’s assessment to downgrade the rating has clearly failed to recognise the recent progress made by the …
Hela Apparel Holdings IPO oversubscribed on opening day
The initial public offering (IPO) of shares of Hela Apparel Holdings Limited (Hela Clothing), one of the largest IPOs ever in Sri Lanka, received an …