Sri Lanka has just barely missed its 1.5 million tourist arrivals target set for 2023, despite seeing a record number of tourists visit the island nation in December last year. According to the latest figures of the Sri Lanka Tourism Development Authority (SLTDA), approximately 210,352 tourists arrived in December 2023, bringing the total number of…
The Commercial Bank of Ceylon has begun 2024 by underlining its commitment to sustainability – symbolically as well as literally. The instantly-recognisable Commercial Bank logo in blue will hereafter also feature a green element, representing the Bank’s multifaceted commitment to sustainability, encompassing diversity, inclusivity, good governance, transparency, social equity, accountability and eco-friendly banking solutions, the…
The Sri Lanka Export Development Board (EDB), in association with the Import Promotion Desk (IPD), Germany, initiated a series of Capacity Building programmes for export-oriented Women Led Business in Sri Lanka. This initiation aims to foster a new set of women-led exporters to the nation’s economy. The Training program was held at EDB premises, which…
Starting from today (January 01, 2024), a mandatory tax registration requirement has been instituted for individuals aged 18 and above, or those reaching 18 after this date. The Inland Revenue Department stipulates that individuals falling under these criteria must register with the department and obtain a Taxpayer Identification Number (TIN). In addition, anyone earning an…
The Hambantota International port (HIP) welcomed over 6000 tourists to Sri Lanka, in the latter part of November and during December 2023. The passengers arrived on 5 cruise liners that called at the port. The ‘Azamara Journey’ docked on the 29th November carrying 620 passengers. The Luxury cruise liner Mein Schiff 5 which arrived in Sri Lanka from…
The entire city of Colombo has come alive with the festive vibes at the moment, and adding to the enthusiasm, Sri Lanka Tourism is looking forward to welcome the New Year with an entire line up of fun and entertainment, and mainly with the purpose of attracting both local and foreign tourists, showcasing a glimpse…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) increased to 4.0% in December2023 from 3.4% in November 2023. This increase in the headline inflation is mostly in line with the projections envisaged by the Central Bank of Sri Lanka (CBSL) in November 2023. After five months of continuous deflation, the Food category…
The Financial Stability Review (FSR) of 2023 encapsulates the developments in the financial system, the risks and vulnerabilities identified thereof, and the policy measures taken by the Central Bank and other regulatory institutions in addressing such risks during the review period, which primarily covers data up to end September 2023. The electronic version of the…
Reuters – Chinese smartphone maker Xiaomi (1810.HK) took the wraps off its first electric vehicle on Thursday and promptly announced it was aiming to become one of the world’s top five automakers. The sedan, dubbed the SU7 with the SU short for Speed Ultra, is a highly anticipated model that Chief Executive Lei Jun touted as having…
SriLankan Airlines recently welcomed the arrival of a wide-bodied Airbus A330-200 aircraft wet-leased from Air Belgium, giving a further boost to its fleet. The aircraft has 22 Business Class and 240 Economy Class seats and is scheduled to operate on the Frankfurt, Dhaka and Dubai routes with effect from 29 December 2023. A second aircraft…
Video Story
