Sri Lanka – Singapore Business Council of The Ceylon Chamber of Commerce The Sri Lanka – Singapore Business Council (SLSBC) of The Ceylon Chamber of Commerce elected Mr. Shiluka Goonewardene, Head of Deal Advisory at KPMG, as President of the Council at the 26th Annual General Meeting conducted recently. Concluding 25 years of operation the SLSBC has…
The Securities and Exchange Commission of Sri Lanka (SEC) and CFA Society Sri Lanka are pleased to announce the successful renewal of their Memorandum of Understanding (MoU), signifying a strengthened commitment to fostering the development of the capital market in Sri Lanka. On the occasion of signing the MoU, Mr. Faizal Saliah, Chairman of SEC,…
Emphasizes Closer Cooperation with ASEAN to Propel Sri Lanka’s Economic and Political Strategy – President Wickremesinghe. President Ranil Wickremesinghe revealed that Sri Lanka’s intention to join the Regional Comprehensive Economic Partnership (RCEP) is poised to materialize following the conclusion of credit optimization initiatives. Additionally, the President announced plans to initiate negotiations for the establishment of…
The much-awaited Initial Public Offering (IPO) of Ordinary Voting Shares of Agarapatana Plantations Limited will open today, 10th of August, at 9.00 a.m. Being one of the leading plantation companies in Sri Lanka with a strong foundation in sustainable agriculture and operations, supported by renewable energy and numerous ethical trade partnerships, the Issue is expected…
For the FIRST time in the Insurance Industry to surpass a Rs.10 Billion Life Insurance Bonus Highest Life Insurance bonus year on year in the industry cumulating to a massive Rs. 92.8 Billion since 2006 The nation’s insurer, Sri Lanka Insurance (SLIC) yet again outshines its own record to declare the largest Life Insurance bonus…
It was decided in the Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis to set up expert committees consisting of university scholars to recommend the tax system to be implemented in the country and the economic policies to be followed. This was decided when the Sectoral Oversight committee met on 08.07.2023 under…
Cricket legend Sachin Tendulkar visited Sri Lanka in his role as the UNICEF South Asia Regional Goodwill Ambassador. Sachin visited UNICEF programmes in the Sabaragamuwa Province and met with children and parents impacted by the COVID-pandemic and the 2022 economic crisis. Tendulkar recalled warm memories associated with Sri Lanka during his earlier visits, both as…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 8 August 2023, decided to reduce the Statutory Reserve Ratio (SRR) applicable on all rupee deposit liabilities of Licensed Commercial Banks (LCBs) by 200 basis points, from 4.00 per cent to 2.00 per cent, with effect from the reserve maintenance…
WEConnect International hosted its largest annual regional conference across 15 countries throughout the Asia Pacific Region. The conference serves as a platform for corporations, women-owned businesses and other government and non-government stakeholders to connect, learn and share the best practices on gender-inclusive sourcing and understand the socio-economic impact of inclusive sourcing efforts globally. The 2023…
The new economic commission law ensures the timely processing of investment and trade applications. President Ranil Wickremesinghe emphasized that the realization has dawned upon us and that rapid economic growth is only achievable through digital transformation. In today’s world, the 21st-century economy cannot compete effectively with out-dated 20th-century bureaucratic systems. To stay competitive, Sri Lanka…
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