Sri Lanka inflation, based on the National Consumer Price Index (NCPI), for January 2024 was recorded at 6.5%, as measured by the year-on-year change, the Department of Census and Statistics (DCS) revealed in its latest report published on today (21). This is an increase in comparison to the headline inflation of 4.2% recorded in December…
Bloomberg – Sri Lanka sent a new restructuring proposal to dollar bondholders through its adviser Lazard as the South Asian nation seeks to complete overhauling its defaulted debt, according to people familiar with the matter. A counter proposal to a bondholder group’s offer in October for a 20% haircut and the issuance of macro-linked bonds…
Thai Airways International Signs General Sales Agency (GSA) Agreement with MAC Holdings Private Limited Flights to Resume from 1st April 2024 ex BKK Thai Airways to resume operations between Colombo and Thailand from March 31st, 2024 onwards. The flight ex CMB will depart on 01.04.2024. MAC to be the Airline’s forefront as their proud General Sales…
JAT Holdings PLC, Sri Lanka’s market leader in wood coatings and brushes, and emerging regional paint manufacturer, marked a key milestone on the 12th of February 2024, with the official commencement of operations at its new Alkyd Resin Plant in Bangladesh. The plant has been purpose-designed and -built by JAT Holdings PLC, through its wholly-owned…
A government notification has been issued, increasing the special commodity levy imposed on several items including black grams, green grams and cowpeas. As such, the special commodity levy on black grams (skinned, either split or not) has been increased to Rs. 300 per kilogram. Meanwhile, the tax on green grams, cowpeas, Kurakkan (seeds), Kurakkan (other),…
President Ranil Wickremesinghe and Dr QU Dongyu, FAO Director-General and Hon. Mahinda Amaraweera, Minister of Agriculture and Plantation Industries inaugurated the 37th Session of the FAO Regional Conference for Asia and the Pacific today with Government Ministers and Heads of Delegations from as many as 46 Member Nations. Hon. Ali Sabry, Minister of Foreign Affairs,…
National Development Bank PLC demonstrated its characteristic resilience and agility in withstanding external challenges through the financial year 2023. The Bank’s concerted efforts in operationalizing its strategy, duly adapted in response to evolving macro-economic dynamics resulted in the Bank generating sound returns to its shareholders. NDB’s newly appointed Director/ CEO Mr. Kelum Edirisinghe attributed such…
The Edge – Green Packet Bhd said on Tuesday that it has teamed up with another Malaysian firm to develop a tourism digital platform for Sri Lanka, with an initial investment of up to RM13 million. The IT company said its wholly-owned subsidiary Kiplepay Sdn Bhd has entered into a joint venture agreement with Tass Tech…
Agriculture’s Significance During Economic Crisis Strategic Planning to Restore Sri Lanka’s Position as a Leading Agricultural Exporter. During the 37th session of the Asia and Pacific Regional Conference (APRC) of the Food and Agriculture Organization of the United Nations (FAO), President Ranil Wickremesinghe announced Sri Lanka’s Chairmanship till 2026. President Ranil Wickremesinghe affirmed the government’s…
A proposal to reduce the embarkation tax currently charged from passengers leaving Sri Lanka by passenger vessels and passenger ships has been approved by the Cabinet of Ministers. As per the relevant proposal submitted by the Minister of Ports, Shipping and Aviation, the embarkation tax imposed on those travelling by passenger vessels is set to…
Video Story
