Catalina serves over 120 retailers and 8,000 brands globally Catalina, global pioneers of shopper activation for over 40 years have embarked on a comprehensive campaign lifecycle management (CLM) process review assignment with MTI Consulting in the UK. The independent review by MTI will enable Catalina Marketing UK to better serve the campaign needs of their…
With the countdown to the forthcoming abolition of the Simplified Value-Added Tax (SVAT) system ticking down to an end date of 1st April 2025, the apex body of the Sri Lankan apparel industry, the Joint Apparel Association Forum (JAAF) urged the Government to urgently reconsider its decision in light of growing stresses on the industry….
Extensive Legal Reforms Completed to Propel Economic Stability Mr. Sagala Ratnayaka, Chief of Presidential Staff and Senior Advisor to the President on National Security, highlighted that policy changes during government transitions pose a significant problem in Sri Lanka. To address this issue, several structural reforms have been implemented across the government, financial, and governance sectors….
Marking a significant milestone in the official debt treatment process, the Government of Sri Lanka reached the final agreement on its debt treatment with members of the Official Creditor Committee (OCC) of Sri Lanka’s bilateral creditors on June 26, 2024. As a longstanding development partner of Sri Lanka, the Government of Japan supported the initiation…
Reuters – Sri Lanka’s central bank cut interest rates by 25 basis points on Wednesday in a surprise decision aimed at spurring economic recovery following the country’s worst financial crisis in decades. The decision was made “in the absence of significant inflationary pressure,” said the bank, which expects inflation to remain below its 5% target…
This will pave the way for Maldivian Companies list on CSE’s Multi-Currency Board Facilitates regulatory information exchange, capacity building assistance and mutual collaboration The Securities and Exchange Commission of Sri Lanka (SEC) and the Capital Market Development Authority of Maldives (CMDA) signed a landmark Memorandum of Understanding (MOU) on 21st July 2024 in Malé. The…
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 23 July 2024, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 25 basis points (bps) to 8.25 per cent and 9.25 per cent, respectively. The Board…
The initial public offering (IPO) of shares of Sri Lanka’s leading specialized manufacturer of integrated cables, Cable Solutions Limited, which opened on the 23rd of July 2024, received broad-based interest from a diverse range of investors. Accordingly, the offer was oversubscribed and was thus closed at 4.30pm the same day. Managed by Asia Securities Advisors…
As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in June 2024 amounted to US$ 1,031.2 million, recorded an increase of 2.58% compared to the month of June 2023. This was mainly due to the increase in earnings from export of Apparel & Textiles, Tea, Rubber based products, Coconut…
Evolution Auto is pleased to announce the launch of its first electric vehicle lineup—a pioneering joint venture among Sensei Capital Partners, Atman Group, and Sino Lanka Private Limited—designed to transform the sustainable transportation landscape in Sri Lanka. Guided by its mission to bring advanced electric mobility solutions to fruition, Evolution Auto is doubtless poised to…
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