Business Sentiment – Index Crosses Century Mark In the midst of the ruckus surrounding a pivotal presidential election, the IMF says that Sri Lanka’s macroeconomic policy reforms are beginning to bear fruit, anticipating agreements with external commercial creditors soon. This statement preceded the recently concluded second review of the International Monetary Fund’s US$ 2.9 billion…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) accelerated to 1.7% in June 2024 from 0.9% in May 2024. This acceleration in the headline inflation is broadly in line with the projections of the Central Bank of Sri Lanka (CBSL). Even with this acceleration, inflation remained…
Marking a milestone initiative to strengthen Sri Lanka’s dairy industry, DFCC Bank has allocated Rs. 500 million to finance smallholder dairy farmers, in line with its commitment to supporting sustainable development. This dedicated initiative by DFCC Bank is the brainchild of the bank’s MSME (Micro, Small, and Medium Enterprises) Unit and is built upon the successful experience…
The Ceylon Chamber of Commerce is pleased to announce the ‘Best Corporate Citizen Sustainability Award 2024 (BCCS Awards)’, marking its 21st year as a highlight in the corporate calendar. A briefing seminar sharing insights on the application process will be held on 26th July, at 2 pm at the Ceylon Chamber. Designed to inspire companies…
Reaching an important milestone of promoting the destination across the globe, Sri Lanka Tourism Promotion Bureau, in collaboration with Airport Aviation Services and Sri Lankan Airlines, welcomed the one million tourist arrival to Sri Lanka on 29th Saturday 2024. The lucky couple to complete this much anticipated visit of the year was Paul and Patricia…
The Central Bank of Sri Lanka (CBSL) wishes to announce the implementation of the Banking (Amendment) Act, No. 24 of 2024, effective from 15.06.2024. These amendments were formulated with a view to further strengthening the legal and regulatory framework applicable for licensed commercial banks and licensed specialised banks (licensed banks) to enhance the resilience of…
The MSME Tourism Business Summit 2024, a pivotal event for Sri Lanka’s economic development, has been successfully hosted in Sigiriya. This initiative, a collaboration between the Federation Chambers of Commerce and Industry Sri Lanka (FCCISL) and the Australian Government-funded Skills for Inclusive Growth (S4IG) program, marks a significant achievement for the nation’s tourism industry. The…
Unveils BYD pure electric vehicles – BYD DOLPHIN, BYD ATTO 3, BYD SEAL Will be introducing the BYD DM-i vehicle, BYD SEALION 6, the first model equipped with BYD DM-i technology (BYD Super Plug-in Hybrid EV Technology) in Sri Lanka in the near future Ambitious showroom network planned across the nation with first flagship showroom…
The Ceylon Chamber of Commerce congratulates the Government in securing an agreement with the official bilateral creditors of external debt. We extend our appreciation to the Official Creditors Committee chaired by France, India and Japan, members of the committee, China and the EXIM Bank of China and the Paris Club Secretariat. We also recognize the…
The Ceylon Chamber of Commerce announced the re-election of its Board for the Year 2024/25 at the Chamber’s 185th Annual General Meeting on June 27. The re-elected Board comprises Chairman Duminda Hulangamuwa – Country Managing Partner for Sri Lanka and The Maldives, Ernst & Young, Vice Chairman Krishan Balendra – Chairman John Keells Holdings PLC,…
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