• New Initiative Launched to Lower Electricity Costs – President Addresses Sri Lanka Chamber of Commerce Representatives • Chamber of Commerce Pledges Pro Bono Support for Economic Development President Anura Kumara Dissanayake announced that the entire country will undergo digital transformation within the next three years under his administration. He highlighted that digitization holds the…
The Embassy of Sri Lanka in Riyadh, in collaboration with the Coconut Development Authority of Sri Lanka, facilitated the participation of ten Sri Lankan companies manufacturing coconut-based products, in the 41st edition of the Saudi Agriculture Expo 2024, for the first time. The event was held in Riyadh from 21 to 24 October 2024. Ambassador of…
Profit before Income Tax – LKR 10,608 Mn up by 47.72% Profit after Tax – LKR 6,593 Mn up by 46.65% Liquidity Coverage Ratio (LCR) – All Currency of 442.64% and Rupee of 509.82% Total Capital Adequacy Ratio of 17.05% Impaired Loan (Stage 3) Ratio 3.05% Seylan Bank recorded a Profit after Tax of LKR…
The Central Bank of Sri Lanka (CBSL) today (29) rejected as ‘completely baseless’ the recent reports claiming that the CBSL has printed currency notes to the value of Rs. 100 billion through Sri Lanka’s open market operations. Issuing a clarification in this regard, the CBSL explained that providing liquidity through open market operations is among…
3-day Middle East Organic and Natural Product Expo to get under way at DWTC from Nov 18 The region is set to experience the future of sustainable living as the 22nd Middle East Organic and Natural Product Expo gets ready to roll at Dubai World Trade Centre from November 18 to 20, 2024. Underlining its status as…
The Sri Lanka Computer Emergency Readiness Team (CERT) today issued an alert to the public about the surge in fake messages being disseminated via social media and communication platforms, particularly WhatsApp. These deceptive messages are designed to fraudulently obtain personal and financial information by impersonating credible institutions, including banks, commercial organizations, and international bodies. Recent…
Export Performance in September 2024 As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in September 2024 amounted to US$ 937.95 million, recorded a decline of 3.49 % compared to the month of September 2023. This was mainly due to the decrease in earnings from export of Tea, Rubber…
Sri Lankans are known for breaking coconuts wishing destruction of opponents or enemies. However, despite an election in the corner, maybe due to increased price, that practice isn’t common. To address the difficulties faced by the consumers due to high prices, the Coconut Cultivation Board has launched mobile sales trucks providing coconuts to consumers at…
A meeting was held Monday (28) at the Presidential Secretariat between Secretary to the President Dr. Nandika Sanath Kumanayake, and Managing Director of CHEC Port City Colombo (Private) Limited Xiong Hongfeng. The discussions centered on the progress of the Colombo Commercial City development project, with a focus on new strategies to address anticipated economic challenges….
The Sri Lanka Convention Bureau, an entity under the Ministry of Finance, Economic Development, Policy Formulation, Planning and Tourism successfully concluded the Cultural Triangle Hoteliers Training Program on MICE Tourism on the 15th of October 2024 at the Habarana Village by Cinnamon. This is one of the series of training programs that had been organized…
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