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Top economist Dr. Dushni Weerakoon to deliver CA Sri Lanka’s 23rd Annual Tax Oration

Top economist and Executive Director of the Institute of Policy Studies of Sri Lanka (IPS), Dr. Dushni Weerakoon will deliver the 23rd Annual Oration on Taxation organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on 02nd December 2019 at the CA Sri Lanka Auditorium. Dr. Weerakoon, will deliver the oration…

(0) Comments | November 22, 2019 3:19 pm

Featured

Happiness comes home this festive season: HNB announces an array of special card offers

Sri Lanka’s most popular retail bank, HNB PLC, announced the launch of an expanded set of offers – this time including discounts up to 70% from a selection of over 200 of the most popular merchants island-wide – just in time for the start of the festive season. Aiming to ensure that its customers receive…

(0) Comments | November 22, 2019 9:16 pm

Catch the right deals with Catchme.lk at One Galle Face Mall

Tired of enticing online shopping deals that have hidden costs suddenly appearing at check-out? Or have bad experience with products that look nothing like what was advertised online when delivered to you? Or simply want an easy and user-friendly site to make all of your online purchases from the comfort of your home? Among the…

(0) Comments | November 22, 2019 9:12 pm

Samson & Sons (Pvt) Ltd brings five premium brands to One Galle Face

The newly opened One Galle Face mall complex is now the site of not one, but five showrooms of D. Samson & Sons (Pvt) Ltd. The DSI Premier, Reebok, Puma, U.S. Polo and Arrow showrooms are located on the 3rd level of the ultimate shopping mall in Sri Lanka, and feature a wide range of…

(0) Comments | November 22, 2019 9:06 pm

Digital Banks require data-driven capabilities for profitable growth

~  New Oracle report explores key trends and considerations impacting Asian banking markets  New research from Oracle today identifies key lessons digital banks in Asia need to heed to deliver better banking. The report “Beyond Digital – Data-Driven Strategies to Grow, Scale and Profit” uncovers important areas for digital banks to consider as they compete…

(0) Comments | November 22, 2019 8:58 pm

Airtel Lanka, the only Telco to be ranked a Top 10 Best Workplace for Women in SL

Cementing its place as a preferred employer of choice, Airtel Lanka, became the first telco in the country to be ranked among the Top 10 Best Workplaces for Women in Sri Lanka in the inaugural edition of the Best Workplaces for Women Study 2019. At present, amongst the Airtel female workforce; 63% occupy a managerial…

(0) Comments | November 22, 2019 8:52 pm

SLINTEC enables Unilever and DYNAWASH to obtain Best Sustainability Project Awards 2019

Green manufacturing is more than a phraseology for Sri Lankan Institute of Nanotechnology SLINTEC, and a great deal of research has been undertaken on Natural Dyes. A project on dye from tea waste headed by Prof. Vinitha M. Thadhani, a Senior Research Scientist attached to SLINTEC has enabled PECL, Unilever, and DYNAWASH to obtain best…

(0) Comments | November 22, 2019 2:56 pm

Leadership for Change: Enduring Skills for Change Masters

The talk of the month this November at the Colombo School of Business Management  (CSBM) is “Leadership for Change, Enduring Skills for Change Masters” and it will be delivered by Prof. Ranjith Bandara Senior Professor in Economics at the University of Colombo on 27th November 2019 from 9am to 1 pm as an interactive session. Prof. Bandara…

(0) Comments | November 22, 2019 11:28 am

World-Class Health and Wellness Store Healthguard now at One Galle Face

Sri Lanka’s leading Health and Beauty retail chain, Healthguard—a subsidiary of the Healthcare sector of Sunshine Holdings PLC— recently opened its newest full-service store for the public at the One Galle Face (OGF) mall, Colombo’s premier shopping hub for international and local brands. The 24th outlet of the pharmaceutical chain will be located on the…

(0) Comments | November 22, 2019 8:44 am

OrphanCare Trust commences fund distribution benefitting over 2500 orphans

OrphanCare Trust successfully completed its inaugural fund distribution among its 2500 plus registered orphans.  Amana Bank’s flagship CSR venture OrphanCare, was launched earlier this year with the aim of addressing a very important yet mostly unattended need of orphan children; which is to secure the fate of orphans once they reach the age of 18…

(0) Comments | November 22, 2019 8:29 am

Softlogic Life Corporate Office moves to iconic One Galle Face Tower, scripts new dawn of growth

Marking a new era of unprecedented growth and top-of-the-line service ethos, Sri Lanka’s fastest-growing Life Insurer Softlogic Life has moved its Corporate office to One Galle Face Tower, an international-grade business tower in the heart of Colombo. The strategic move to a spanking new Office Building will include the Corporate Office of the Financial Services…

(0) Comments | November 21, 2019 6:28 pm

Top News

New Cabinet sworn-in: Finance & Economic Affairs under Mahinda’s purview

The new Cabinet of Ministers were sworn in before President Gotabaya Rajapaksa at the Presidential Secretariat, today (22). Following are the Ministers and their portfolios: 1. Hon. Prime Minister Mahinda Rajapaksa – Minister of Finance, Economic Affairs, Policy Development, Buddha Sasana, Cultural, Water Supply & Urban Development, Housing Facilities 2. Hon. Nimal Siripala de Silva…

(0) Comments | November 22, 2019 10:50 am

Prima Ceylon withdraws recent price increase

As the newly elected President of Sri Lanka is making the best effort to put the Sri Lankan economy back on a strong recovery path, while addressing many challenges, Prima Ceylon (Private) Ltd will assist the president’s endeavors by withdrawing the recent price increase, pending discussions with the new government. Accordingly, bakery owners and retail…

(0) Comments | November 22, 2019 8:03 am

Sri Lankan shares end flat, rupee falls; all eyes on new govt policies

Reuters – Sri Lankan shares ended largely unchanged on Thursday, hovering near a more than one-year high hit earlier this week, while the rupee ended weaker as investors awaited policies from the newly elected government. ** Mahinda Rajapaksa took oath as prime minister earlier in the day, cementing his powerful family’s political comeback, after former…

(0) Comments | November 22, 2019 6:58 am

Beware of online scams: CBSL warns public

Sri Lanka’s central bank has warned the public to be vigilant of  financial frauds and scams being operated through social media, and Internet-based applications. Issuing a statement the CBSL noted that most of these scams are conducted through easy loan schemes that attract the public. Hence, The CBSL strongly advises the public to be vigilant…

(0) Comments | November 22, 2019 6:23 am

Inflation increased in October 2019

Headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 5.6 per cent in October 2019 from 5.0 per cent in September 2019. The monthly increases of prices of items in the Food category contributed to this increase. Accordingly, Food inflation (Y-o-Y) increased to 7.3 per cent in October 2019 from 4.9 per cent in September…

(0) Comments | November 22, 2019 6:01 am

CBSL expresses its strong objection to the Contents of the statement released by Fitch Ratings

The Central Bank of Sri Lanka strongly objects to the statement released by Fitch Ratings on 21 November 2019 titled “Sri Lanka Election Result Increases Policy Uncertainty”, as it depicts the complete opposite of the realised positive market response to the outcome of the Presidential elections, followed by the assumption of duties by His Excellency…

(0) Comments | November 21, 2019 2:56 pm

Fitch Ratings: Sri Lanka Election Result Increases Policy Uncertainty

Sri Lanka’s presidential election significantly increases policy uncertainty and could prompt loosening that exacerbates fiscal weaknesses and a rollback of reforms, Fitch Ratings says. However, whether these risks materialise remains to be seen as a clear policy direction may only start to emerge after parliamentary elections. Gotabaya Rajapaksa of the Sri Lanka Podujana Peramuna (SLPP)…

(0) Comments | November 21, 2019 12:21 pm

Disrupt Asia panel praises Sri Lankan tourism

The Disrupt Asia Conference and Technology Innovation Festival is Sri Lanka’s one-of-a-kind conference organized by the Information Communication Technology Agency of Sri Lanka. The event, held for the 4th consecutive year, is aimed at showcasing and promoting Tech startups and Small and Medium Sized Entrepreneurs (SMEs). Disrupt Asia 2019, held at Nelum Pokuna Mahinda Rajapaksa…

(0) Comments | November 21, 2019 11:44 am
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Analysis

Pushing past the pitfalls of purchasing property

~ Prime Lands offers a trusted path for anyone looking to journey into the real estate market For the vast majority of people, purchasing land or other forms of real estate is simply about picking an ideal location and negotiating the lowest price. However, not only does this line of thinking oversimplify the process, but…

(0) Comments | November 21, 2019 6:07 pm

Fitch Ratings: Sri Lanka Election Result Increases Policy Uncertainty

Sri Lanka’s presidential election significantly increases policy uncertainty and could prompt loosening that exacerbates fiscal weaknesses and a rollback of reforms, Fitch Ratings says. However, whether these risks materialise remains to be seen as a clear policy direction may only start to emerge after parliamentary elections. Gotabaya Rajapaksa of the Sri Lanka Podujana Peramuna (SLPP)…

(0) Comments | November 21, 2019 12:21 pm

IMF support is critical to improve country’s fiscal and debt sustainability – SCB

Standard Chartered Bank (SCB), in a note to investors, said that the new government will have 4-5 years to tackle the twin challenges of boosting growth and improving debt sustainability. “We expect GDP growth of 2.6% in 2019, and a wide fiscal deficit of 5.9% of GDP, with risks of slippage. Government debt will remain…

(0) Comments | November 19, 2019 10:50 am
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