Banks welcome CBSL Governor’s assurances on anticipated Govt. announcement on DDR or DDO
The Sri Lanka Banks’ Association (SLBA) has welcomed the assurance by the Governor of the Central Bank of Sri Lanka (CBSL) Dr Nandalal Weerasinghe that …
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UNDP and South Centre jointly organise capacity building workshop on taxation of digitalised economy
The United Nations Development Programme (UNDP), through its Tax for SDGs Initiative, and the South Centre, Switzerland jointly organised a two-day …
Government’s proposed broadcasting authority act under fire: Harsha de Silva raises concerns
The government's proposed Broadcasting Authority Act was criticized by the main opposition at a press conference held Wednesday. Parliamentarian Dr. Harsha de …
Sri Lanka headline inflation down to 25.2-pct in May 2023
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 decreased to 25.2 percent in May 2023 …
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 …
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 the Country, …
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 contract by …
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 for …
SJB opposes selling of strategically important SoEs but wants an end to monopoly
SJB Parliamentarian Eran Wickramaratne assured that main opposition was ready with plan and strategies to implement projects for the wellbeing of the people no …
Sri Lanka Central Bank assures banking sector stability in debt restructuring process
The Central Bank of Sri Lanka (CBSL) has assured the banks that the regulatory stance in the on-going Domestic Debt Optimization (DDO) discussions with …
ADB President commends SL for action taken to overcome economic crisis and pledges further support
Foreign Minister Ali Sabry met with the President of Asian Development Bank, Masatsugu Asakawa in Seoul, Republic of Korea during the 56th Annual Meeting of …
Govt public debt restructuring and concerns of the banking sector: SL Banks Association
The banks believe that all stakeholders involved in structuring the restoration of Sri Lanka’s Balance of Payments to a sustainable equilibrium must …
President directs immediate action to solve plantation sector issues
President Ranil Wickremesinghe says that the government is committed to carrying out its agricultural modernization plan. Speaking at recent meeting held at …
Sri Lanka’s Central Bank says structural reforms needed for short and long-term issues: Annual Report
The implementation of structural reforms focusing not only on restoring near term stability but also on rebuilding the nation with adequate safeguards and …
ITC meets Min of Trade to present e certificate of origin system for SL exporters
Nalin Fernando, Minister of Trade, Commerce and Food Security in Colombo was presented the new Electronic Certificate of Origin (eCoO) system by the …
SL welcomes UN agreement to protect high seas
Sri Lanka welcomes the conclusion of negotiations on a landmark agreement to enhance the international legal regime concerning the conservation of marine …
Engineering equity fireside chat by Virtusa
Virtusa, a global provider of digital strategy, digital engineering and IT services and solutions, will host the global Engineering Equity hackathon, to spur …
Dialog Axiata awarded winner of ACCA sustainability reporting awards 2022
The ACCA Sustainability Reporting Awards 2022 recognized Dialog Axiata PLC as the Overall Winner and the Winner of the General Services category for its …
Sri Lanka Retail Forum 2023 highlights strategies for navigating economic crisis in sector
The Sri Lanka Retailers’ Association (SLRA), the apex body of organised retail in Sri Lanka, recently concluded the annual Sri Lanka Retail Forum under the …
Pace of reform toward equal rights for women falls to 20-year low: World Bank report
The global pace of reforms toward equal treatment of women under the law has slumped to a 20-year low, constituting a potential impediment to economic growth …