Another 7,000 Sri Lankans will get work visas this year: Korean Ambassador
Ambassador of the Republic of Korea, Miyon Lee said that during the second half of this year, 7,000 more Sri Lankans will be issued with visas to work in …
Industry
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JKH records EBITDA of Rs.9.23Bn in Q1 2023/24
Summarised below are the key operational and financial highlights of our performance during the quarter under review: Group PBT at Rs.1.40 billion in the …
New UN Resident Coordinator in SL commits to work towards 2030 agenda for sustainable development
Newly appointed United Nations Resident Coordinator in Sri Lanka, Marc-André Franche, presented his letter of credence to President Ranil Wickremesinghe, …
EDB emphasizes dangers of foreign buyers entering Sri Lanka Gem Trade, illegally
The Export Development Board (EDB) Advisory Committee on Gems, Diamonds & Jewellery sector has emphasized the importance of making Sri Lankan Gem & …
Sri Lanka’s Debt Restructuring to Ease Insurers’ Investment, Liquidity Pressures: Fitch
The Sri Lankan government's debt restructuring plan is likely to reduce investment and liquidity risks for domestic insurers, Fitch Ratings says. Fitch expects …
CFA Society Sri Lanka hosts CEO forum ‘Rebooting Sri Lanka Economy”
A CEO Forum organised by the CFA Society Sri Lanka (CFASSL) was held in Colombo recently with a focus on ‘Rebooting the Sri Lankan Economy - Post-Domestic …
Maximum Fuel Retail Price to be stipulated; Sinopec’s first fuel shipment to arrive in Aug
The first fuel shipment of China’s Sinopec, which signed a contract to enter the Sri Lankan fuel market, will arrive in the country early next month, State …
Nimi launches NimiKash, revolutionizing payroll management for IT workers
Nimi, a leading information technology firm specializing in Staff Augmentation and Development, Product Advisory, and Payments Advisory, is proud to announce …
Ceylon Chamber Concerned About Developments in Healthcare Sector
The Ceylon Chamber of Commerce is concerned about recent developments in the healthcare sector, particularly regarding the quality of pharmaceutical products …
Cinnamon Air to Launch Scheduled Flights to Jaffna from Colombo
Cinnamon Air, Sri Lanka's premier domestic airline, recently announced the launch of scheduled flights to Jaffna, which will provide travellers with easy …
Import Controls in Sri Lanka: Political Preference and Incentive Distortions
Battling an unprecedented economic crisis that overlapped the COVID-19 pandemic, Sri Lanka resorted to strict import controls since early 2020. These …
Silk Route Ventures initiates Sri Lanka’s first fully equipped food factory for culinary entrepreneurs
Understanding that setting up a food factory takes a colossal amount of investment and effort in this highly competitive environment and even more so amidst …
Ceylinco Life marks milestone May with assets topping Rs 200bn & equity crossing Rs 50bn
Sri Lanka’s life insurance market leader Ceylinco Life achieved several noteworthy milestones in financial performance in May this year, emphatically …
Sri Lanka’s Government Debt Plan Tempers Funding Risk for NBFIs: Fitch Ratings
Sri Lanka’s proposed government debt restructuring plan should reduce funding and liquidity risk for non-bank financial institutions (NBFIs), says Fitch …
Real Estate Agents are Advised to Ramp up Anti-Money Laundering Measures
The Financial Intelligence Unit (FIU) of the Central Bank of Sri Lanka organized an awareness program for the real estate sector on “Anti-Money Laundering …
Colombo Port City updates development control regulations through extraordinary gazette
The Development Control Regulations (DCR), which regulate all construction activities within the area of authority of Colombo Port City, was published in the …
Sri Lanka’s Domestic Debt Plan a Significant Step for Resolving Bank Uncertainty: Fitch Ratings
The Sri Lankan government’s proposal for treatment of domestic debt marks a significant step towards resolving uncertainties around the impact of the …
High-level Israel delegation and EDB discuss avenues to promote bilateral trade
An official delegation from Israel met the senior EDB officials on 29th June and had a fruitful discussion to explore avenues to promote trade and economic …
Visa and SAP join forces to make enterprise payments more efficient
Visa today announced it has entered into a collaboration with SAP to streamline and simplify business-to-business (B2B) payments for enterprises, from …
Sri Lanka High Commission in London promotes ‘Island of Ingenuity’ – IT/BPM sector
The High Commission of Sri Lanka in London in collaboration with Sri Lanka – UK Chamber of Commerce (SL-UKCC) and Infomate (Pvt) Ltd, the BPM arm of John …