The Ceylon Chamber of Commerce and PwC Sri Lanka will be jointly hosting an awareness webinar on the Real Estate Investment Trusts (REITs) Framework. Real Estate Investment Trusts (REITs) are investment vehicles for real estate that allow both small and large investors to acquire and have an undivided interest in properties. After many years of…
Sampath Bank PLC recently announced that its asset base has surpassed Rs. 1 trillion, making it the youngest bank in Sri Lanka to achieve this feat. This is a significant milestone for the Bank, as very few players in the industry have reached this landmark. This achievement is particularly noteworthy, given the volatile market conditions…
Sri Lankan tyre dealers, traders and buyers are faced with a looming tyre scarcity in the country owing to the prevailing restrictions on importation. Raising this concern, Asia Tyre Importers Association has extended a plea to the government to safeguard this industry that powers economic activity across sectors and help avoid an impending calamity. The…
Appeals for permission to plant saplings already in nurseries The Palm Oil Industry Association (POIA) has said in a statement that while it respects the decisions relating to the industry contained in the policy statement of President Gotabaya Rajapaksa, it trusts that a pragmatic solution would be provided in respect of the oil palm saplings…
By Sanjeewa Bandaranayake Non-Banking Financial Institutions (NBFI) sector has evolved over the past years to be a stronger force in the finance industry in Sri Lanka. Unfortunately, the public only remembers NBFIs in light of unethical practices of Non-regulated finance companies. But NBFIs account for many heart-touching, unsung narratives while working with less privileged people…
The Advocata Institute has commended the decision taken by the Department of Census and Statistics (DCS) to launch an e-registry portal to register unregistered and registered businesses in Sri Lanka. Issuing a statement the Advocata Institute stated that it looks forward to the fruition of this proposal and calls upon Cabinet to support this reform….
The Board of Directors of Sunshine Holdings PLC appointed Aruni Goonetilleke, former Head of Corporate Banking at People’s Bank PLC, as a Director of the Company. The appointment is effective from 20 August 2020. With the new appointment, the Board of Sunshine Holdings PLC will now be comprised of eleven Directors of which seven are…
The Monetary Board decided to extend the deadline of 4% Working Capital Loan Scheme, at its meeting held on 19th August 2020. Accordingly, COVID-19 affected businesses and individuals can submit their loan applications under the Saubagya COVID-19 renaissance facility to respective licensed banks until 30th September 2020. Meanwhile, the Central Bank of Sri Lanka surpassed…
Headline inflation as measured by the yearon- year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) decreased to 6.1 per cent in July 2020 from 6.3 per cent in June 2020. This was mainly driven by the statistical effect of the high base prevailed in July 2019. Meanwhile, Food inflation (Y-o-Y) decreased to…
The Chamber Academy of the Ceylon Chamber of Commerce in partnership with Facebook will be conducting an informative webinar on Digital Payments. The Central Bank of Sri Lanka (CBSL) announced 2020 as the Year of Digital Transactions. However, with the impact of COVID-19, this theme is even more relevant as businesses are now adopting more…
Video Story
