A Memorandum of Understanding signed recently between the Ceylon Chamber of Commerce and the Maldives National Chamber of Commerce and Industry (MNCCI) will enhance opportunities for bilateral trade, investment and tourism, giving new impetus to a proposed trade agreement between Sri Lanka and the Maldives, State Minister for Regional Cooperation Tharaka Balasuriya announced. Speaking at…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1, increased to 14.0 per cent in December 2021 from 11.1 per cent in November 2021. Meanwhile, on an annual average basis, the NCPI increased to 7.0 per cent in December 2021 from 6.2 per cent in November 2021….
Port City Colombo wishes to inform the public that there is no truth in social media posts alleging that the public needs to pay a fee for personal selfies or videos taken at Port City. However, a payment structure was introduced for personal events, professional and/or commercial filming and photography due to the unprecedented number…
Sets new benchmark in good corporate governance in the CSE Hunas Holdings PLC, previously known as Hunas Falls Hotels PLC, has officially become Sri Lanka’s newest listed diversified conglomerate. This follows Serenity Lake Leisure (Pvt) Ltd., a fully-owned subsidiary of the TAD Group of Companies, infusing the then Hunas Falls Hotels with Rs. 4.25 billion…
Bitcoin fell by more than 7% in the last 24 hours, and ether dived more than 8%, according to CoinDesk. About $147 billion were wiped off the entire cryptocurrency market in the past 24 hours, according to data from Coinmarketcap.com It came after Wall Street’s losses on Thursday, with the Nasdaq down almost 5% this week,…
The Colombo Stock Exchange (CSE) is revising the index calculation methodology of the All Share Price Index (ASPI) from full market capitalization-weighting to public float-adjusted Market Capitalization The Index methodology has been published on the CSE web site. The Implementation of the said revision is scheduled to take place on 24th January 2022 (with effect…
Joint Technical study to be conducted from 19th to 25th January 2022 The Information and Communication Technology Agency (ICTA) of Sri Lanka announced that the World Bank Group and ICTA will kick-off a joint technical study. The findings of this joint technical and advisory study are expected to assist Sri Lanka’s government in prioritizing the…
Dr Roshan Perera & Naqiya Shiraz Background The new bill titled ‘Special Goods and Services Tax’ was published by gazette dated 07 January 2022.[1] The Special Goods and Services Tax (SGST) was originally proposed in Budget speech 2021 but was not implemented. It has once again been presented in Budget 2022. The SGST aims…
The latest milestone in Sri Lanka’s tea auction history, where the Colombo Tea Traders Association (CTTA) upgraded its online platform to a more integrated state-of-the-art e-Auction platform, is spearheaded by OKLO – a leading Sri Lankan technology partner. OKLO embarked on an R&D project in 2019 to develop a robust and technologically advance Commodity e-Auction…
SJB, MP Eran Wickramaratne stated that the policy statement delivered by President on January 18th, failed to provide solutions to the crises faced by the country. The crises with regard to economic management and governance has gone beyond the control of the government subjecting the entire masses to severe hardships without essential goods and services….
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