Business confidence turned around ahead of an election fraught with uncertainty With a new presidential term taking effect for the next five years, Sri Lanka stands at a pivotal moment, eagerly anticipating the developments and decisions that will shape its future. The business community in particular will be closely watching the unfolding events as the…
Sri Lanka Tourism Promotion Bureau, as the main stakeholder for promoting Sri Lanka all across the Globe celebrated the World Tourism Day on 27th September 2024, with simplicity and elegance, by offering sweets, gifts and memorabilia to each tourist who arrived at the Airport to mark the occasion. A special celebration was held at the…
The Ceylon Chamber of Commerce commends the new adminstration for swiftly resolving the Visa on Arrival issue by reinstating the Electronic Travel Authorisation system. The tourism industry has been gravely concerned about this matter impacting the positive growth momentum of the sector. Resolving the Visa matter was one of the top ten priorities the Chamber…
Reuters – Sri Lanka’s central bank kept interest rates unchanged on Friday in line with expectations, citing domestic and global uncertainties, but said inflation was likely to remain low and the economy was doing much better than initially expected. The Central Bank of Sri Lanka (CBSL) kept the Standing Deposit Facility Rate at 8.25% and…
The Colombo Rubber Traders’ Association (CRTA), representing a diverse group of stakeholders within the natural rubber industry, extends its heartfelt congratulations to His Excellency Anura Kumara Dissanayake on his appointment as the 9th Executive President of Sri Lanka. On behalf of the CRTA and its members, we express our optimism and confidence in President Dissanayake’s…
In a significant development, veteran entrepreneur and business leader Hanif Yusoof was appointed as the Governor of the Western Province yesterday. The appointment was made by President Anura Kumara Dissanayake at a simple yet solemn ceremony held at the Presidential Secretariat in Colombo. Yusoof, the driving force behind Expolanka’s rise as a global logistics leader,…
The merchandise trade deficit widened during the eight months ending August 2024 (provisional) compared to the same period in 2023, driven by a larger expansion in import expenditure relative to export earnings. Earnings from tourism and workers’ remittances improved during this period, strengthening the external current account. Meanwhile, despite intermittent volatility, the Sri Lanka rupee…
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 26 September 2024, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 8.25 per cent and 9.25 per cent, respectively. The Board arrived…
Hayleys PLC has once again claimed the top spot in the 31st annual edition of the LMD 100, cementing its position as Sri Lanka’s No. 1 corporate. LMD 100 ranks the leading listed companies in Sri Lanka and is known as ‘Sri Lanka’s version of the Fortune 500.’ For the 9th time, the public-listed conglomerate…
SriLankan Airlines has once again been recognized as the Leading International Airline in South Asia under the Visitors’ Choice Awards category at the South Asian Travel Awards (SATA) 2024, marking its second consecutive win in this prestigious category. This accolade reinforces the airline’s status as a powerhouse in the aviation industry of South Asia, with…
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