President Anura Kumara Dissanayake has announced that Sri Lanka is on course to restore its economy to the level it was in 2019, prior to the financial crisis, by next year. The President made this statement while addressing members of the Sri Lankan community in the United States during his visit to New York for…
Reuters – Hong Kong, Sri Lanka, Chile and Bangladesh are seeking to join the China-backed Regional Comprehensive Economic Partnership, the world’s largest trade bloc, Southeast Asian officials said on Thursday. The RCEP currently consists of China, Japan, South Korea, Australia, New Zealand and all ten members of the Association of Southeast Asian Nations. RCEP officials, who…
The Sri Lanka Association of Manufacturers & Exporters of Rubber Products (SLAMERP) has sounded an urgent warning on the severe consequences of abolishing the Simplified Value Added Tax (SVAT) scheme from 1st October. The Association stressed that the move will trigger a cash flow crisis across the entire rubber value chain, from smallholder farmers and…
Sri Lanka Tourism Expo officially inaugurates on 27 September 2025 at One Galle Face with the Colombo Travel Mart, organized for the third consecutive time in partnership with SLAITO. This business-to business and business-to-consumer exhibition will feature around 75 stalls, showcasing everything from hotels and inbound tour operators to eco-tourism providers and cultural tourism experiences….
The Joint Apparel Association Forum (JAAF) today reaffirmed its commitment to working with government authorities as Sri Lanka prepares to remove the Simplified Value Added Tax (SVAT) scheme on 1st October. While emphasising that the removal of SVAT is now inevitable, JAAF noted that the industry has been in continuous dialogue with policymakers on the…
The inaugural Sri Lanka FinTech Summit 2025 commenced today at the BMICH, bringing together global financial experts, leading innovators, investors, startups, and policymakers under the theme “Empowering Sri Lanka’s Digital Economy: Innovations Driving Financial Inclusion & Growth.” The two-day summit, organized by Hatton National Bank (HNB), FinTech Forum Sri Lanka, and Tecxa (Pvt) Ltd, in…
Sampath Bank has successfully led a landmark syndicated loan of Rs. 33.5 billion for the Ceylon Electricity Board (CEB), together with Nations Trust Bank and Pan Asia Bank. This significant funding facility will cushion the debt restructure of CEB and support its ongoing operations, ensuring the continued delivery of reliable power to the nation. The…
Fitch Ratings: Fitch Ratings has assigned Sri Lanka-based Hayleys Fentons Limited (HFL) a National Long-Term Rating of A+(lka). The Outlook is Stable. The rating reflects HFL’s leading market share in domestic rooftop solar panel sales and installation, which drove cash flow in the financial year ending March 2025 (FY25), alongside slowing growth amid regulatory risks….
Reuters – Hong Kong, Sri Lanka, Chile and Bangladesh are seeking to join the China-backed Regional Comprehensive Economic Partnership, the world’s largest trade bloc, Southeast Asian officials said on Thursday. The RCEP currently consists of China, Japan, South Korea, Australia, New Zealand and all ten members of the Association of Southeast Asian Nations. RCEP officials,…
In a bold move to revitalize Sri Lanka’s economy amid ongoing recovery efforts, the Securities and Exchange Commission (SEC) has unveiled a transformative 10-year strategy titled “12 Pillars: One Vision for a Resilient Market.” Released on September 24, the initiative outlines 12 key projects designed to foster innovation, enhance infrastructure, and build a diverse, investor-friendly…
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