The Inland Revenue Department (IRD) is gearing up for a major digital transformation, following the approval of its Information Technology (IT) Strategic Plan for the period 2025-2027, which was a key structural measure under the International Monetary Fund (IMF) loan programme for Sri Lanka.
Pelwatte Dairy Industries, one of Sri Lanka’s leading dairy companies, is preparing to enter major export markets in Asia and the Gulf region, as part of its strategic expansion plan. The company is strengthening this move by adopting global safety, environmental and food safety standards to remain competitive in international markets.
The Asian Development Bank (ADB) is set to grant a US $ 100 million policy-based loan to support Sri Lanka’s water supply and sanitation sector reforms, aimed at enhancing the country’s resilience to climate change and promote long-term sustainability.
The ASPI edged up as a result of price gains in counters such as Royal Ceramics, National Development Bank and Asian Hotels & Properties with the turnover crossing Rs. 1.0 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings,
The secondary market yield curve edged higher across the board, as political uncertainty lingered and investors adopted a cautious approach ahead of today’s largest bond auction, totalling Rs.290.0 billion. As a result, the secondary bond market experienced heightened caution, with limited activity following the Treasury bill auction results.
Citizens Development Business Finance PLC (CDB) since 1995 has with great humility accepted numerous laurels for its pioneering leadership and innovative mindset built on the unwavering purpose of ‘Empowering Aspirations’ of Sri Lankans.
Sri Lanka will establish a financial stability fund with an initial allocation of Rs. 1,000 million, provided by the Ministry of Finance, Economic Stabilisation, and National Policy, according to the Department of Government Information.
The government is eying to boost Sri Lanka’s foreign exchange earnings by exporting wheat bran pellets, a byproduct of wheat flour production, to China, following Agriculture Ministry’s recognition of its export potential. The Department of Government Information said yesterday that the Ministry is set to sign a Memorandum of Understanding (MoU) with the General Administration of Customs of China to streamline the export process between the two
Sri Lanka needs to educate the stakeholders and contextualise the implementation of the Personal Data Protection Act, otherwise it risks becoming a forcible legislative transplant, a top legal scholar warned.
Sri Lanka is set to receive a US$ 200 million loan from the Asian Development Bank (ADB) as part of the government’s ongoing efforts to stabilise the country’s financial sector and fiscal framework amid its economic recovery.
The secondary market saw subdued trading activity and thin volumes yesterday, as market participants exercised caution ahead of today’s Rs. 180.0bn T-Bill auction and this Thursday’s Rs. 290.0bn T-Bond auction, amid ongoing election-related uncertainty.
The Colombo Stock Exchange (CSE) and DFCC Bank PLC (DFCC) recently signed a memorandum of understanding (MoU) with the aim of enhancing the facilitation of inward investment accounts (IIAs) for non-resident foreign individuals (FIs) in Sri Lanka.
Sunil Dissanayake was recently presented Sri Lanka Leadership Lifetime Achievement Award 2024 by World HRD Congress India Chapter. He completed 50 continuous years in management since September 1, 1974, both in hospitality and human resources management/development in senior management roles with significant organisations.
Industries Ministry public day re-launched after four years
Third review approved by IMF, SL to get next US$ 333 million tranche
Niloufer Esufally-Anverally Makes a Stylish Comeback with the Launch of NLFR
Global Entrepreneurship Week 2024 kicks off across all 25 districts
Fonterra to proceed with sale process for Consumer businesses
Sri Lanka braces for heavy rain this week
SJB National List crisis deepens