Export Performance in November 2024 Total exports for November 2024, including both merchandise and services, were recorded at US$ 1,269.33 million, reflecting a marginal increase of 0.04% compared to the same period in 2023. As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in November 2024 amounted to US$…
In a landmark achievement for the Sri Lankan stock market, the All Share Price Index (ASPI) of the Colombo Stock Exchange exceeded 15,000 units at 10:24 a.m. today (24th). By 11:15 a.m., the index had advanced by 212 points to reach 15,022.77, with a recorded turnover exceeding Rs. 3.84 billion.
The Sri Lanka Export Development Board (EDB) in collaboration with the Embassy of Sri Lanka in France, successfully organized Sri Lanka’s participation at SIAL Paris 2024 – one of the world’s leading F & B exhibitions held once every two years in France – which took place from 19th to 23rd October, 2024, in Paris….
The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) in association with the Stock Broker industry, will host the “Invest Sri Lanka” Capital Market Investor Forum on 27th and 28th March 2025, at the Shangri-La Hotel in Colombo. The event is aimed at promoting investment in the Sri Lankan…
Relief Measures to Assist the Affected Small and Medium Enterprises The Central Bank of Sri Lanka issued a Circular to Licensed Banks on 19.12.2024, highlighting relief measures to be provided to the Small and Medium Enterprises (SMEs) affected due to the Easter Sunday attack, COVID-19 pandemic, and the extraordinary macroeconomic conditions that prevailed during the…
Macksons Minerals & Polymers (Pvt) Ltd, a subsidiary of Macksons Holdings, has signed an agreement worth U$ 17 million with the Board of Investment. The company is initiating an ambitious program to construct a state-of-the-art processing plant, with the aim of enhancing the value of locally sourced minerals. The facility will produce ultra-fine ground calcium…
The IMF is reviewing recent tax revision announcements made by Sri Lanka’s president and plans to provide a detailed assessment in its staff report following Executive Board approval of the Extended Fund Facility (EFF). Speaking at a press briefing on Thursday (19), Julie Kozack, Director of the IMF’s Communications Department, stated that while a full…
The Central Bank of Sri Lanka (CBSL) has taken proactive measures to address the alarming increase in prohibited schemes, which poses risks to the financial system stability and protection of the general public from such schemes. These initiatives include conducting investigations under Section 83C(3) of the Banking Act to determine whether individuals or entities have…
Divasa Pharma Limited, providing factual clarity on recent allegations made in parliament, says the company was issued a license to sell medicine by wholesale by the National Medicines Regulatory Authority (NMRA) on 18 August 2018, which has been continuously renewed to date. Accordingly, Divasa Pharma Ltd has been a local authorized distributor of George Steuart…
Leader among banks in the “Happiest Second Home” ranking The Commercial Bank of Ceylon has been ranked No 1 among Sri Lankan banks in the inaugural Corporate Happiness Index (CHI) just released by LMD magazine. The Bank has also been ranked one of Sri Lanka’s “happiest second homes” taking fifth place overall in the ranking,…
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