As a collective body of exporters, we have been at the forefront of sustaining employment and ensuring a steady flow of foreign exchange, even amidst the most severe economic downturns faced by our nation. Our membership covers the majority of merchandise exports, which account for some 13% of Sri Lanka’s GDP. Today, we stand united…
For the fiscal year 2022/23 (April to March), tax concessions resulted in a total of LKR 978 billion in foregone revenue, the government reported yesterday (31 March). The foregone revenue amounts to 56% of the total tax revenue collected by the government in 2022. This was highlighted by PublicFinance.lk, Sri Lanka’s premier economic insights platform,…
The German – Sri Lanka Friendship Hospital for Women in Galle, was declared open on the 27th of March 2024, by His Excellency President Ranil Wickramasinghe and Minister for Health Hon. Dr. Ramesh Pathirana. With a capacity of 640 beds and an ultramodern hospital complex spanning over 500,000 sqft, the new facility stands as South…
Sri Lanka’s pursuit of fintech excellence gained momentum on March 20th, 2024, as key stakeholders convened virtually for a groundbreaking dialogue between the Central Bank of Sri Lanka (CBSL) and the Central Bank of Bahrain (CBB). Facilitated by Sri Lanka’s Ministry of Technology and the Information Communication Technology Agency of Sri Lanka (ICTA), along with the…
The Securities and Exchange Commission of Sri Lanka (SEC) in collaboration with the Colombo Stock Exchange (CSE) conducted an Investor Forum held in Dambulla on the 27th of March at the Hotel Sannasa – Dambulla. The forum was organized with the objective of raising awareness on the importance of investor education with regard to the…
LAUGFS Gas PLC, the pioneering force in Sri Lanka’s LPG industry and the only private sector LPG company listed on the Colombo Stock Exchange (CSE), today announced a substantial massive reduction in the prices of its LAUGFS Branded domestic LPG effective midnight today. As of midnight today, the price of a 12.5kg domestic cylinder under…
Expolanka Holdings appoints Bokuto Yamauchi, a seasoned industry expert with a wealth of experience in logistics as the Group CEO of Expolanka Holdings and President of EFL Global. Yamauchi’s appointment reflects Expolanka’s commitment to maintaining its position as a market leader, he brings a wealth of experience and expertise to his new role, having spent…
The Sri Lanka – Maldives Business Council (SLMLBC) recently hosted an interactive session with H.E. Ranga Goonawardena, the High Commissioner Designate to the Maldives, at the Ceylon Chamber of Commerce. The session aimed to facilitate dialogue and provide insights into the business landscape of the Maldives. Mr. Ranga Goonawardena, in his address, shared information on…
Says partnership will enable Bank to lend more to SMEs, including those owned by women The Commercial Bank of Ceylon has announced a collaboration with the International Finance Corporation (IFC) to build a Supply Chain Financing (SCF) strategy that will enable the Bank to lend more to Small and Medium Enterprises (SMEs) and establish itself…
The LOLC Microfinance Bank inaugurated its latest branch in the Blue Area of Islamabad. The High Commissioner of Sri Lanka to Pakistan Admiral Ravindra C. Wijegunaratne graced the opening ceremony as the Chief Guest on 22 March 2024. Addressing the gathering, the High Commissioner emphasized the significance of promoting financial inclusion and acknowledged the pivotal…
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