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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

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

Amãna Bank shows resilience in Q3 profit momentum

Amãna Bank has showcased resilience by recording a 9 month Profit After Tax of Rs 431.0 million in 2019, in line with Rs 430.0 million that was achieved during a relatively favorable economic environment in the corresponding period of 2018. Profit Before Tax for the 9 months ending 30 September 2019 stood at Rs 598.6…

(0)Comments | November 21, 2019 10:57 am