Sunday, 10 Sep 2023
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By Azhar Razak
Sri Lanka’s business community last week expressed optimism that the Budget 2019 to be presented in Parliament on November 5, would bear the key elements of practicality, progressivity and policy consistency with a view to unlock the island’s growth potential.
Underscoring key expectations, Deputy President of the National Chamber of Commerce of Sri Lanka (NCCSL), Nandika...
The pressure on Sri Lanka’s currency is expected to abate with the anticipated receipt of US$ 1 billion through a syndicated loan from the China Development Bank (CDB) this week followed by projected inflows of another US$ 1.5 billion in the coming months boosting reserves, a top Central Bank official told the Sunday Observer yesterday.
According to Central Bank Governor...
The Ministry of Finance yesterday pulled the brakes on non-essential on imports to ease pressure on the falling rupee, but in an unprecedented move, announced that the host of temporary spending cuts would directly impact lawmakers as well as state sector employees and the public.
From today, September 30, the importation of vehicles through permits issued to MPs has been...
Era of investing in ‘pump and dump’ stocks and unlisted companies is over, assures Governor Coomaraswamy :
Central Bank Governor Dr. Indrajit Coomaraswamy has assured that the re-entry of Sri Lanka’s largest social security scheme, the Employees Provident Fund (EPF) into the Colombo Stock Exchange (CSE) will only be under a clean slate with proper checks and balances.
“We...
Sri Lanka’s aviation sector analysts last week called on policymakers to adopt a competitive market-based pricing policy on aviation fuel given that steep prices quoted by the state-run Ceylon Petroleum Corporation (CPC) is adversely affecting the national carrier whilst driving away foreign airlines. Speculating that CPC could be maintaining a higher margin on aviation...
By Azhar Razak
The bottom line of Sri Lanka’s two key state-owned institutions, the Ceylon Petroleum Corporation (CPC) and Ceylon Electricity...
One of the world’s leading voluntary food retail chains, Spar opened its first retail outlet in Thalawathugoda on Friday. Spar...
State Minister of Finance and Mass Media, Eran Wickramaratne last week called on the International Monetary Fund (IMF) and the...
Intellectuals from the private and the public sectors last week made a unison plea from the government to bring in...
Hot on the heels of Sri Lanka’s Registrar of Companies launching eROC and speeding up the company registration process, the...
Sri Lanka has recorded its highest ever Foreign Direct Investment (FDI) inflows in 2017 amounting to US$ 1.913 billion rising by...
State Minister of Finance and Mass Media, Eran Wickramaratne rebuking rumors on the newly passed Inland Revenue Act which came...
The forceful eviction of Colombo’s low income families by the UDA in 2013/2014 to pave the way for Colombo beautification...
The ten-year-old refuses to go to school citing harassment by the school authorities again, after the Human Rights Commission and...
The Central Bank of Sri Lanka is planning to introduce an array of measures to tackle spiraling indebtedness among the low-income...
The head of Sri Lanka’s DFCC Bank Plc says the Bank has set in place plans to achieve a demanding target within the next three...
Sri Lanka’s condominium developers last week said, they are hopeful the government will not impose the 15% Value Added Tax (VAT)...
The planned island-wide expansion of the ‘1990 Suvasariya’ Emergency Ambulance Service is to commence next month with the aim of...
The number of startups and entrepreneurs in Sri Lanka are at a dismal low with less than 3% of Sri Lanka’s working population...
Sri Lnka’s business community last week expressed cautious optimism on the smooth implementation of the new Inland Revenue Act (...
The temporary ban imposed by the Sri Lankan Government on selected social media networks last week has evoked mixed reactions in...
Sri Lanka’s David Pieris Motor Company Ltd (DPMC), the sole distributors for India’s Bajaj-brand of vehicles is planning to...
Sri Lanka’s Urban Development Authority (UDA) is planning to introduce the Single Window processing that will enable developers...
The Governor of the Central Bank Dr. Indrajit Coomaraswamy says although the Monetary Board has scope to consider an interest...
Sri Lanka and Iran should explore the possibility of strengthening relationships in tourism and trade with a view to benefit...
Sri Lanka’s economic analysts last week hailed the final prevalence of sanity after a 10-day tumultuous period, riddled with...
A master plan for Sri Lanka’s Colombo Airport Ratmalana developed and approved by Cabinet last week has envisioned the...
The proposed Flexible Inflation Targeting (FIT) regime will ensure the independence of the Central Bank in managing inflation,...
Sri Lanka should plot its renewable energy (RE) grid pathway providing a clear policy and strategy outline on how it can build a...
The dwindling of Sri Lanka’s exports as a share of the Gross Domestic Product (GDP) since the year 2000, is due to the imposition...
Sri Lanka’s public debt during the past ten years has not been managed in a manner favourable to the development of the country,...
The Chairperson of the Ceylon Chamber of Commerce (CCC), Samantha Ranatunga says that while Sri Lanka is entering an era of...
Watawala Plantations PLC (WATA) plans to fully shift its focus to palm oil plantations with plans to improve production volumes...
The Sri Lankan stock market welcomed its third entrant for 2018 on Friday as Hatton Plantations PLC (HPL), a subsidiary of...
Sri Lanka’s capital market is expected to witness a resurgence with the current uncertain political outlook clearing up,...
The freshly-signed Sri Lanka-Singapore Free Trade Agreement (SLSFTA), which provides a strong signal to the rest of the world...
Sri Lanka is planning to launch its National Export Strategy (NES) next month while a new national Innovation and...
Sri Lankans should be cautious over cryptocurrencies such as bitcoin which underwent a massive volatile bout in price last year,...
There is no doubt that the buzzword and frenzy these days in the corporate world is ‘cryptocurrencies’. And for someone who has...
The government is planning to introduce energy pricing reforms this year with plans to obtain cabinet approval for automatic...
Sri Lanka is to witness its largest dendro power plant of 10 Mega Watts, due to be commissioned in September, following a...
Although Sri Lanka’s equity market was a laggard among regional peers last year, the Bourse is expected to witness gains this...
The government expects to generate 10,000 new jobs, including both direct and indirect opportunities, through the implementation...
Although Sri Lanka should watch out for a dynamic change in its fuel import bill in 2018 with the rising trend in crude oil...
CEAT Kelani Holdings, which last week announced an infusion of Rs 3 billion in new investments over the next two years, announced...
Top banking sector analysts last week commended plans by the Central Bank of Sri Lanka (CBSL) to shore up the banking sector with...
The government has fast-tracked the progress of many business-friendly reforms as Sri Lanka aims to move 20 notches higher in the...
Sri Lanka’s Finance Commission (FC) has called for changes to the provincial fund distribution methodology to achieve balanced...
The Central Bank of Sri Lanka (CBSL) last week predicted that the island’s economy would recover in 2018 complemented by a fall...
The governor of the Central Bank of Sri Lanka, Dr. Indrajit Coomaraswamy last week suggested that Sri Lanka’s Gross Domestic...
Central Bank Governor, Dr. Indrajit Coomaraswamy says that Sri Lanka’s growth framework will be strengthened through reforms in...
Sri Lanka is to suggest the deployment of additional safeguards when a local Technical Evaluation team meets the Russian...
The government has taken a judicious decision to allocate all proceeds from divestiture of public assets to be utilised purely...
The collapse of exports coupled with the foreign ‘borrowing binge’ on commercial terms, during the past decade and a half, were...
The government plans to support 5,000 Advanced Level qualified students under the interest-free education loan scheme which is...