The world-famous Harlem Globetrotters are growing their iconic global tour with expansion to the continent of Asia this November 2024! The hardest working sports team in the world with over 350 performances around the globe are set to embark across the Philippines, Malaysia, Indonesia, Sri Lanka, and Singapore for incredible shows. The Harlem Globetrotters, one of the most popular entertainment brands in the world, are…
The Ceylon Chamber of Commerce requests the Government to consider all aspects of the new eVisa issuance process and review the pricing in the larger interest of growing the tourism sector. Presently, there is great debate on the cost and process of the new system whereas the focus should be on destination marketing and improving…
Ceylon Electricity Board’s (CEB, BB+(lka)/Stable) cash flow will stay adequate to service debt despite a 22.5% tariff cut from 16 July 2024, Fitch Ratings says. The agency does not expect the latest cut to affect the Sri Lankan electricity distributor’s payments to independent power producers (IPPs). Lower tariffs are supported by falling generation costs from…
Signing of Record of Discussion (RoD) between the Neighbouring Countries Economic Development Cooperation Agency (NEDA) of the Kingdom of Thailand, and Ministry of Finance, Economic Stabilization and National Polices for the Capacity Building Programme for the Officials Attached to Public Debt Management Office (PDMO) of Sri Lanka. In response to an invitation made by the…
Launch of 42nd National Information Technology Conference (NITC) – 2024 The 42nd National Information Technology Conference (NITC), themed “Catalyzing a Progressive Future: Towards Society 5.0,” is scheduled to take place from 12th to 14th November, 2024 at the Shangri-La Hotel in Colombo. This landmark event in the ICT sector is the premier multi-faceted business conference…
Catalina serves over 120 retailers and 8,000 brands globally Catalina, global pioneers of shopper activation for over 40 years have embarked on a comprehensive campaign lifecycle management (CLM) process review assignment with MTI Consulting in the UK. The independent review by MTI will enable Catalina Marketing UK to better serve the campaign needs of their…
With the countdown to the forthcoming abolition of the Simplified Value-Added Tax (SVAT) system ticking down to an end date of 1st April 2025, the apex body of the Sri Lankan apparel industry, the Joint Apparel Association Forum (JAAF) urged the Government to urgently reconsider its decision in light of growing stresses on the industry….
Extensive Legal Reforms Completed to Propel Economic Stability Mr. Sagala Ratnayaka, Chief of Presidential Staff and Senior Advisor to the President on National Security, highlighted that policy changes during government transitions pose a significant problem in Sri Lanka. To address this issue, several structural reforms have been implemented across the government, financial, and governance sectors….
Marking a significant milestone in the official debt treatment process, the Government of Sri Lanka reached the final agreement on its debt treatment with members of the Official Creditor Committee (OCC) of Sri Lanka’s bilateral creditors on June 26, 2024. As a longstanding development partner of Sri Lanka, the Government of Japan supported the initiation…
Reuters – Sri Lanka’s central bank cut interest rates by 25 basis points on Wednesday in a surprise decision aimed at spurring economic recovery following the country’s worst financial crisis in decades. The decision was made “in the absence of significant inflationary pressure,” said the bank, which expects inflation to remain below its 5% target…
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