Signing of Record of Discussion (RoD) between the Neighbouring Countries Economic Development Cooperation Agency (NEDA) of the Kingdom of Thailand, and Ministry of Finance, Economic Stabilization and National Polices for the Capacity Building Programme for the Officials Attached to Public Debt Management Office (PDMO) of Sri Lanka. In response to an invitation made by the…
Launch of 42nd National Information Technology Conference (NITC) – 2024 The 42nd National Information Technology Conference (NITC), themed “Catalyzing a Progressive Future: Towards Society 5.0,” is scheduled to take place from 12th to 14th November, 2024 at the Shangri-La Hotel in Colombo. This landmark event in the ICT sector is the premier multi-faceted business conference…
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…
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