The Land Valuation Indicator (LVI) for the Colombo District compiled by the Central Bank of Sri Lanka reached 141.6 during the first half of 2020, recording an annual increase of 7.1%. Meanwhile, on semi-annual basis the LVI marginally increased by 2.0%. Both annual and semi-annual percentage changes of LVI showed a declining trend over the…
The Ceylon Chamber of Commerce, with a view to building a dependable, pragmatic and advantageous relationship and establishing cordial relations between overseas markets during the COVID-19 lockdown, organised a series of “Virtual B2B meetings and Webinars” for the benefit of the business community in Sri Lanka. These initiatives were launched since April, 2020 with the…
Acting Ambassador of China to Sri Lanka Hu Wei yesterday (24) called on state minister for Finance, Capital Market, and State Enterprise Reforms Ajith Nivard Cabraal. The Chinese Embassy in a tweet said; On 24 August, Chargé d’affaires Hu Wei had a broad and fruitful discussion on finance and investment with the state minister for…
Biz confidence rebounds following election and with an eye on the post-COVID era While the plaudits for Sri Lanka’s COVID-19 response continued to flow in and the successful conclusion of a largely peaceful election was duly recognised, the country faced yet another challenge in the form of a nationwide blackout in mid-August. A technical problem…
COSMI welcomes critical life support to MSMEs MSMEs are still slow to come back’-Rajabdeen Sri Lankan MSMEs have welcomed the decision of the new government led by Prime Minister Mahinda Rajapaksa to extend the bidding deadline for loan infusion. “Due to the lockdowns, MSMEs faced collapse. We welcome the government’s life support to MSMEs by…
According to a stock exchange disclosure, Lakma Holdings (Private) Limited has agreed to purchase a controlling stake in the Colombo Stock Exchange-listed MTD Walkers. According to a statement from MTD Walkers PLC; Lakma Holdings (Private) Limited had agreed to purchase from MTD Capital Bhd, the majority shareholding of the company of 152,183,583 shares held by…
By Prof. Samitha Hettige © Everyone in Sri Lanka is discussing about power generation and distribution related issues during the past few days. The Belt and Road Initiative (BRI) or the 21st Century Silk Road has initiated more green energy initiatives with partner countries than any other international development initiative in the world. We should…
Senior Deputy Governor of the Central Bank of Sri Lanka Dr. Nandalal Weerasinghe stated that Sri Lanka has more than sufficient reserves to meet its debt servicing obligations and there is no issue with debt repayment for this year. “We have already received $ 400 million under the SAARC SWAP facility. That is why the…
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…
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