The Central Bank of Sri Lanka (CBSL) introduced various measures to encourage investments in Sri Lanka Development Bonds (SLDBs). Validating the effectiveness of the measures introduced, funds amounting to USD 111.5 million have been raised through direct issuance of SLDBs from 01st January to 15th February 2022. The investments in SLDBs during the above period…
Dr. Manil Fernando takes office as Honorary Consul The Honorary Latvian Consulate of Sri Lanka was declared re-open for consulate work on the 11th of February 2022 by His Excellency Mr. Artis Bertulis, Ambassador of the Republic of Latvia for the Republic of India. Dr. Manil Fernando ceremoniously took office as Honorary Consul, during the…
Colombo’s first Water Sports Centre launched by Lanka Sportreizen at Port City We Sri Lankans are an island people and most of us just love the ocean, but when we want to enjoy the waves, Colombo is very rarely the place we imagine doing it. However, Lanka Sportreizen (LSR) is set to completely turn this…
Over 100 companies across seven countries participated in an international buyer-seller meet focused on facilitating international trade and co-operation in specialised agricultural inputs, held on 10th February, 2022. The first edition of the International Buyer Seller Meet, facilitated virtual B2B interaction for 135 agricultural input companies from Sri Lanka, India, Nepal Brunei, Mexico, UK and…
The leading blue-chip conglomerate, Aitken Spence PLC reported its best ever third quarter (Q3) performance with a Profit-Before-Tax (PBT) of Rs. 3 Bn in Q3 2021-22, a significant turnaround from the third quarter Q3 of the previous year. The Group’s businesses including the tourism sector is showing positive momentum. Across all sectors, the Group’s earnings…
The membership of the Ceylon Chamber of Commerce notes serious concerns on the provisions of the Surcharge Tax Bill that has been gazetted recently to implement the budget proposal on same. In its immediate reaction to the budget as conveyed by the post budget release to the media and in numerous post Budget forums where…
The Silk Road Journal by Mahika Ming As per Ministry of Commerce of China, mainland alone had attracted foreign direct investment (FDIs) worth approx. 1.7 billion USD in 2021 at time the world was battling COVID 19. It is an approx. 15% increase from 2020. This according to sources excludes banking, securities and insurance sectors….
Supporting the speedy revival of the tourism industry in Sri Lanka, the European Union (EU) Delegation to Sri Lanka, has allocated funds to help strengthen the local wellness tourism capacity for Sri Lanka to transform into an attractive destination for wellness tourism. This will be carried out under the guidance of Sri Lanka Tourism. The…
The Pathfinder Foundation recently brought together a team of experts from three countries, India, Japan, and Sri Lanka, to conduct an in-depth discussion and brainstorm on immediate-term and medium-term solutions to address the current financial crisis faced by the country. Their conclusions have been published in a document titled “Recommendations for Sri Lanka: Debt Restructuring…
Illustrating the Company’s robust presence and the global expansion drive, LAUGFS Lubricants, the only home-grown, innovation-led lubricant brand in Sri Lanka, recently expanded its presence to Bangladesh. A fully owned subsidiary of LAUGFS Holdings, LAUGFS Lubricants has been offering lubricant solutions for every class of motor vehicle since its inception in 2008. As the only…
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