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WEB2 days ago · Siyapatha Finance PLC was honoured as the “Best Employer Brand” at the recently concluded Sri Lanka Best Employer Brand Awards 2024. Organized by the Employer Branding Institute,India, along with the World HRD Congress and Stars of the Industry Awards Group, the awards recognize and reward Sri Lankan brands that excel in Human Resources and its…
World Bank Signs Additional $200 Million to Support Sri Lanka’s ...
WEB2 days ago · The World Bank and the Government of Sri Lanka today (07) signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) for $200 million. This is the second operation in a two-part series that began in 2022. The first operation, totaling $500 million, was disbursed in June and December 2023. The Second RESET DPO aims to...
Senior Professor Hareendra Dissabandara appointed SEC Chairman
WEB1 day ago · Senior Professor Hareendra Dissabandara has been appointed as the new Chairman of the Securities and Exchange Commission of Sri Lanka (SEC). He had previously served as SEC Director General from 2012-2013 as well as its Director of Financial Services Academy and Capital Market Education and Training Division from 2008-2012. Dissabandara is a Senior Professor of...
US Pledges Support to Bolster Sri Lanka’s Economy
WEB7 hours ago · The United States has committed to providing essential support to strengthen Sri Lanka’s economy. In a meeting held Yesterday (October 8) at the Presidential Secretariat, Mrs. Julie J. Chung, the US Ambassador to Sri Lanka, announced that support would be focused on fostering an export-driven economy in the country. Additionally, Ambassador Chung conveyed congratulations from...
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WEB6 days ago · ComBank ranked No 2 among Sri Lanka’s Top 100 listed companies. Moves up 5 places in the latest edition of LMD Leaderboard Remains highest-ranked bank in LMD 100 for 31st year The Commercial Bank of Ceylon has been ranked second in the prestigious ‘LMD 100’ for 2023-24, moving up five places in …
Second Day of Talks between the President and IMF
WEB4 days ago · President Anura Kumara Dissanayake engaged in a discussion with the International Monetary Fund (IMF) at the Presidential Secretariat today (04), marking the second day of talks with the President. Director of the IMF’s Asia Pacific Department Krishna Srinivasan, Senior Mission Chief Dr. Peter Breuer, along with other senior IMF representatives and the Sri Lankan delegation...
Business Sentiment – Pre-Election Trigger for Index
WEBSep 30, 2024 · Business confidence turned around ahead of an election fraught with uncertainty With a new presidential term taking effect for the next five years, Sri Lanka stands at a pivotal moment, eagerly anticipating the developments and decisions that will shape its future. The business community in particular …
Relaxation of the period applicable for exporters of goods to …
WEBSep 9, 2024 · Taking into consideration the macro-economic developments, in particular the developments in domestic foreign exchange market conditions, Central Bank of Sri Lanka issued the “Repatriation of Export Proceeds into Sri Lanka Rules No. 01 of 2024” (Rules), which was published in the Gazette Extraordinary No. 2391/02 dated 01.07.2024, in terms of the Central Bank of Sri...
Sri Lanka’s Ambitious Budget Agenda Faces High Implementation …
WEBNov 15, 2023 · The targets laid out in Sri Lanka’s budget for 2024 will be challenging to meet, even with the economic recovery that we expect to continue next year, says Fitch Ratings. The fiscal deficit is set to be wider than our current forecast of 7.1% of GDP in 2024 in light of the new data, even...
ADB Approves $100 Million Loan to Support SMEs in Sri Lanka
WEBMar 18, 2024 · The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. “SMEs play a critical role in Sri Lanka’s economy, contributing 52% …