Sri Lanka’s Credit Profile Remains Constrained

Moody’s Investors Service says that the government of Sri Lanka’s B1 rating is supported by the economy’s robust medium-term GDP growth prospects, relatively large economy, and high income levels when compared with similarly rated sovereigns. At the same time, despite recent progress in fiscal consolidation, credit challenges include high general government debt, very low debt affordability and [...]

CCC Defends New Inland Revenue Bill

The new Inland Revenue bill, which was published in the gazette on 16th June 2017, was tabled in Parliament on 05th July 2017. Once passed by Parliament, this Bill will replace the existing Inland Revenue Act No 10 of 2006. As indicated by the government, the objective of introducing the new Bill is to broaden [...]

Sri Lanka Gets Duty Free Access For Travel Goods To US

Sri Lanka is to get duty free access for travel goods to the United States, the Foreign Ministry said on Friday. A statement by the Foreign Ministry said that export of travel goods from Sri Lanka will enjoy duty free entry to the United States following a decision by the United States administration to approve [...]

Stock Market Breaks Through With Strong Showing In 2017 First Half

The Colombo Stock Exchange (CSE) has recorded a noteworthy turnaround in the first half of 2017, having started the year on the back of a slow-moving 2016. The Benchmark All Share Price Index (ASPI) has made consistent gains to record an 8.23% gain year-to-date, and as of 17th July stands at 6,741.07. The S&P SL [...]

Srilankan Airlines Global Network Expands To Highest Number Of Destinations

SriLankan Airlines recorded an exciting milestone last Sunday as it launched a new four-times-a-weekservice to Coimbatore. This took SriLankan’s online destination count to 41, the highest ever in Sri Lanka’s aviation history. With the recently launched routes to Hyderabad and Visakhapatnam, as well as the seasonal flights to Gaya and Varanasi which will resume in August, [...]

Sixteen Foreign Speakers For SL Economic Summit

The Sri Lanka Economic Summit 2017 which will focus on how the Sri Lankan economy can be transformed from potential to realization has lined up 16 foreign speakers to bring in an international perspective to the discussion table. The Summit will be held under the title, ‘Execute – Transform – Realize’ and will take place on [...]

President Opens Singer Logistics Hub In Dambulla

Singer Sri Lanka created a new milestone in logistics capability when President Maithripala Sirisena ceremonially opened the Company’s massive 75,000 sq.ft. Logistics Hub in Dambulla last week.  The Chief Incumbent of the venerated historical Buddhist temple in the area, religious clergy representing all major religions in Sri Lanka, Cabinet Ministers – John Amaratunga, Nimal Siripala [...]

Tea Industry Of Sri Lanka – Do We Have A Product To Commemorate Even After 150 Years?

By Lalin I de Silva In my previous article of ‘Is Loolkandura Or Rotschild First Tea Estate’ which appeared in Ceylon Today of 28/5/2017, Daily News of 31/5/2017, The Sunday Leader of 11/6/2017 and Daily Mirror of   7/6/2017. I focus attention to this very important aspect of who planted the first tea plant and gave [...]

Countdown To Effie Awards 2016 Begins

The momentous day when the winners of the prestigious Effies Awards 2016 will be announced is getting closer and there’s both anticipation and tension in the air as the advertising industry waits anxiously for the results. Effie Awards are recognized as the global symbol of marketing communication effectiveness.  Sri Lanka Institute of Marketing (SLIM) has [...]

‘New Finance Jobs Being Created As A Result Of Economic Changes’: Career Report

With USD to LKR exchange rate touching an all time high of 153. Sri Lankan economy is going through major changes. One of the primary causes for Rupee depreciation has been the widening trade deficit. The government on its part has been enacting reforms such as the changes in the VAT act in late 2016 [...]

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