The index skyrockets for a third consecutive month following the election season The election of a new government has ignited a surge of optimism and speculation about the country’s economic future. Against a backdrop of prolonged economic turbulence, the government’s pledge of change has struck a chord with a business community that’s eager for both…
PASSENGERS will “fly back in time” this evening as their flight takes off from Hong Kong in 2025 and will land in Los Angeles back in 2024. A group of people will have the chance to raise a toast to the New Year twice thanks to crossing the International Date Line (IDL) during their flight….
Talented young cricketer appointed Brand Ambassador for country’s largest debit card business Matheesha Pathirana, one of Sri Lanka’s most talented young cricket stars, has been appointed Brand Ambassador for Commercial Bank, the largest private sector bank in the country. Matheesha will specifically represent the ComBank Debit Card brand, the biggest debit card base in the…
The Colombo Stock Market’s All Share Price Index (ASPI) delivered an exceptional performance in 2024, recording a remarkable growth of 49.66%. Starting the year at 10,654.16 points, the ASPI surged to a historic high of 15,944.61 points by year-end. Similarly, the S&P SL20 Index, which tracks the top 20 leading companies on the exchange, grew…
It was decided at the meeting of the Committee on Parliamentary Business held in Parliament Tuesday (31) under the patronage of the Speaker Hon. Dr. Jagath Wickramaratne that the debate on the Appropriation Bill for the year 2025 (Budget Debate) will be held from February 18th to March 21st, 2025, said the Secretary General of…
By Jithendra Antonio Sri Lanka’s economy feels like it’s stuck in a time loop. For decades, the same cycle has repeated—export raw materials, import finished goods, rely on tourism, and hope domestic spending plugs the gaps. But here’s the hard truth: this model is running on fumes. With $8 billion trade deficits, soaring inflation, and…
The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has increased to -1.7% in December 2024, compared to -2.1% in November 2024, according to the latest data released by the Department of Census and Statistics. The Y-on-Y inflation of Food Group increased to 0.8% in December 2024…
The Association of Chartered Certified Accountants (ACCA) and the Institute of Certified Management Accountants (CMA) of Sri Lanka recently renewed their Memorandum of Understanding (MOU). This renewed partnership marks a significant step in advancing the skills and capabilities of finance and management accounting professionals in Sri Lanka, supporting the nation’s evolving business environment and contributing…
China last week delivered ‘Tan Suo San Hao’ (Exploration No. 3) in Guangdong Province. It is China’s first comprehensive scientific research ship specially made for global deep sea exploration with manned deep diving capabilities. The 104 meter long ship has a displacement of around 10,000 tonnes & an endurance of 15,000 nautical miles. Manned by…
Boost to operations set to increase daily seat capacity by 30%, supporting Sri Lanka’s tourism growth plans Emirates, the world’s largest international airline, will operate an additional scheduled service between Colombo and Dubai, starting from 2 January 2025. The newly-introduced flight, to operate as EK654/655, increases the seat capacity on the route by 30 percent…
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