The Sri Lanka Retailer’s Association (SLRA) successfully completed the Sri Lanka Retail Forum for the fourth successful year. This year’s Sri Lanka Retail Forum themed, ‘Recharging Retail: Resilience to Results’ was organized together with The Ceylon Chamber of Commerce with over 550 participants joining across four key plenary sessions. The session was inaugurated by Chief…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 13 October 2021, 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 5.00 per cent and 6.00 per cent, respectively. The Board arrived at…
Sri Lanka has consistently ranked among the world’s favorite destinations for travelers seeking unadulterated escapism and the experience of a lifetime. The island offers a unique mix of sensory delights, making it a must-visit for the traveler that yearns to be inspired and awed. According to the Conde Nast 2021 Readers’ Choice Awards, Sri Lanka…
In a major step towards supporting the private sector in Sri Lanka amid a significant economic downturn, IFC issued its first-ever rupee-denominated bond in the country. The bond – called the ‘Serendib Bond’ – is a significant milestone towards ensuring that the private-sector has access to long-term offshore financing in local currency—while hedging foreign exchange…
The Monetary Board of the Central Bank of Sri Lanka (Monetary Board) has made an order permitting Swarnamahal Financial Services PLC (SFSP) to resume business for a limited period of six (06) months with effect from 13.10.2021, in terms of Section 31(5)(a) of the Finance Business Act, No. 42 of 2011 (FBA), for the purpose of exploring…
Key Takeaways Decline in total expenditure is achieved at the expense of the capital spending Capital heavy ministries take capex cuts while personnel heavy ministries get a boost for recurrent expenditure Allocation of defense and security related SUs is strengthened Overall health related allocation is increased by nearly LKR 7 Bn Total expenditure allocation on…
Ambassador and the Mission staff participated at the “HI Japan” Trade Exhibition Sri Lanka booth that was organized and promoted by the Sri Lanka Mission in Japan and funded by the Coconut Development Authority (CDA). The Booth showcased a wide range of coconut related export products from 11 Companies in Sri Lanka. The product range…
Social media rant investigated Sri Lanka Tourism on inquiring deeply into, the widely circulated YouTube video by a US Tourist, claiming that his pre-booked rental vehicle not being available on arrival at the Bandaranaike International Airport led him in frustration to cancel his tour of the Island and return to Istanbul, finds that the passenger…
The Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission (SEC) joined stock exchanges from around the world to Ring the Bell for Financial Literacy, as part of the World Investor Week 2021 global campaign. The International Organization of Securities Commissions (IOSCO) recently launched its fifth annual World Investor Week campaign following…
This initiative is brought together under the auspices of the Prime Minister’s Office and in partnership with the Ministry of Youth & Sports SLIM – Sri Lanka Institute of Marketing, is the national body for marketing in Sri Lanka with a mission to establish marketing as the driving force which enhances the business and national…
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