Her Excellency May-Elin Stener, the Ambassador of Norway to Sri Lanka and India visited Sri Lanka during 2nd to 9th May. The visit marks a pivotal moment in the strengthening of bilateral ties between Norway and Sri Lanka as Ambassador Stener engaged in constructive dialogues with key stakeholders, including H.E. Ranil Wickremesinghe, President of Sri…
During the fourth quarter, the John Keells Holdings PLC reported a strong performance across most businesses, with Consumer Foods, Transportation and Leisure, in particular, recording significant growth. The performance seen in most of the businesses is a reflection of the improving macroeconomic conditions in the country and is a continuation of the growth momentum witnessed…
Today, on May 21, 2024, the Central Bank of Sri Lanka launched the Financial Literacy Roadmap of Sri Lanka, marking a significant step towards enhancing the financial capabilities of Sri Lankans. This Roadmap, a cornerstone of Sri Lanka’s National Financial Inclusion Strategy (NFIS), offers evidence-based guidance to all stakeholders engaged in financial literacy initiatives, aligning…
SriLankan Airlines recently welcomed a group of senior journalists from leading Indian travel trade publications on a familiarization (FAM) tour of Sri Lanka, in collaboration with Cinnamon Hotels and Resorts, along with the coordinating efforts of the official PR agency of SriLankan Airlines in India, AVIAREPS. The initiative aims to enhance Sri Lanka’s appeal as…
he overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has increased to 2.7% in April 2024, compared to 2.5% in March 2024, according to the latest data release by the Department of Census and Statistics. Meanwhile, food inflation has decreased to 3.3% in April 2024 compared to 5.0% in March…
An awareness programme to educate the Sri Lankan migrant workers in Singapore on matters related to foreign remittances and foreign currency accounts was held at the High Commission of Sri Lanka on 12 May 2024 with the collaboration of the People’s Bank of Sri Lanka. Over 100 participants attended the programme. Addressing the gathering, High…
Export Performance in April 2024 The total exports (Merchandise & Service) for the month of April 2024 was recorded as US$ 1,114.22 Million increasing 1.25 % over the corresponding period of 2023. As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in April 2024 amounted to US$ 813.81 million,…
The Economy – Mixed Economic Sentiments Businesses are still wrestling with uncertainty – a familiar challenge in recent times. The latest results from the LMD-PEPPERCUBE Business Confidence Index (BCI) survey reflect a mixed bag in the context of economic sentiment. While there are some positive indicators, several negatives persist. THE ECONOMY In April, only 28 percent of…
Bank of Ceylon (BOC) has announced its decision to divest 100% of its shareholding in B.O.C. Travels (Private) Limited (BOCT), which is a subsidiary of BOC. This strategic move follows directives issued by the Central Bank of Sri Lanka (CBSL). In a formal statement, the BOC Board of Directors disclosed that the divestment decision aligns…
The Sri Lanka Convention Bureau (SLCB) an entity under the Ministry of Tourism and Lands successfully concluded the Southern Hoteliers Training Program on MICE Tourism on the 8th of May 2024 at the Occidental Eden Beruwala. This is one of the series of training programs that had been organized by SLCB in many parts of…
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