The Ceylon Chamber of Commerce proudly announces the ‘Best Corporate Citizen Sustainability Award 2023 (BCCS Awards)’, one of the most anticipated events on the corporate calendar, for the 20th consecutive year. The BCCS Awards aim to encourage corporates to adopt best practices relating to environmental, social, and economic sustainability while pursuing corporate goals within the…
Profit before Tax accelerated 100.75% to LKR 7,181 Mn Overall Statutory Liquid Assets Ratio is 39.10% at 30 Sept ‘23 Total Capital Adequacy Ratio of 15.29% as at 30 Sept ‘23 Seylan Bank announced an impressive Profit after Tax (PAT) of LKR 4.49 billion for the nine months ended September 30, 2023, representing a 79.47%…
Marking a significant momentum of the economic recovery and stabilization, the second high- level roundtable discussion on Crisis to Recovery was held Tuesday, 31 October 2023, in Colombo. This event follows the previous session in December 2022 and provides a forum to discuss the progress of the Government’s reform programs aimed at addressing key economic…
Various tax based enhancing and developmental tax policy proposals have been implemented from the month of June 2022 for the state financial stability based on the income with the objective of ensuring loan sustainability and as a result of that, the state tax revenue of the first 09 months of 2023 has been escalated by…
Reuters – Sri Lanka’s key inflation rate rose to 1.5% in October from 1.3% a month ago, the statistics department said on Tuesday. The Colombo Consumer Price Index (LKCCPI=ECI), a leading indicator for broader national prices, tracks inflation in Colombo, Sri Lanka’s biggest city. Food prices fell 5.2% in October after declining 5.2% in September, from…
Reuters – Sri Lanka has invited bids for state-run carrier SriLankan Airlines as the island nation looks to reduce losses incurred by government-owned enterprises under a $2.9 billion International Monetary Fund (IMF) programme. The South Asian country secured a staff level IMF agreement on the first review of its bailout recently but it still needs…
Sri Lanka’s mobile operator community announced the commercial launch of new industry-wide network APIs, as part of the GSMA Open Gateway initiative. In doing so, they will help developers and businesses accelerate the growth of digital services and apps, by ensuring they work seamlessly with all the country’s mobile networks and hundreds of others around the world….
The Sri Lanka Economic Summit 2023, the premier and most anticipated annual economic event in Sri Lanka, will be inaugurated by President Ranil Wickremesinghe, under the theme Sustain Reform, Accelerate Growth on 28th November at the Shangri-La Hotel, Colombo. The two-day summit will focus on Sri Lanka’s progress towards meeting the structural benchmarks outlined under…
In an effort to streamline the Aswasuma benefit program and address ongoing concerns, the Ministry of Finance has announced the implementation of an ‘Aswasuma Week’ from November 6th to 11th. The objective of this initiative is to promptly rectify the issues plaguing the program and ensure that deserving beneficiaries receive their entitled support without further…
Ms. Anna Bjerde, Managing Director for Operations of the World Bank, and Martin Raiser, Regional Vice-President of the World Bank for South Asia, conducted a field visit to the Climate Smart Farmer Training School in Thirappane yesterday (29). The purpose of their visit was to assess the progress of the Climate Smart Irrigated Agriculture Project…
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