CBSL Governor receives A Grade in Global Finance report

Sri Lanka’s Central Bank Governor Dr. Nandalal Weerasinghe has been awarded an ’’A’’ grade in the Global Finance’s 2024 Central Banker Report Cards, an international recognition that honors central bank leaders whose exceptional strategy and leadership has outperformed their global peers.

CSE and South Eastern University exchange MoU to improve financial literacy of undergraduates

The Colombo Stock Exchange (CSE) and the South Eastern University of Sri Lanka (SEUSL) formalized a collaboration through a Memorandum of Understanding (MoU) last week to improve the financial literacy of the undergraduates studying at the university.

ICFS offers spot admission session for UK universities

The ICFS Education is hosting a University Spot Admission Session on August 17, where Sri Lankan students will have the opportunity to receive offer letters from York St John University and De Montfort University on the spot.

Jetstar Asia announces low-fare flights to Colombo

Jetstar Asia announced today that it will become the only low-cost carrier to fly directly from Singapore to Colombo, Sri Lanka, with the new service starting on November 21, 2024.

SLTPB concludes major influencer campaign to promote SL for winter season

The Sri Lanka Tourism Promotion Bureau (SLTPB) recently concluded a major influencer campaign in partnership with travel influencers representing key source markets, aiming to promote Sri Lanka as a top holiday destination for the upcoming winter season.

ICFS to host education exhibition for overseas study

An Education Exhibition, offering students a unique chance to explore overseas study options with universities from the UK, Australia, New Zealand, USA, Canada, Germany, Finland, Malaysia, and Singapore, is scheduled to take place on August 17, the International Centre for Foreign Studies (ICFS) said.

Colombo inflation rises to 2.4% in July as base effects wane

Inflation in the Colombo district came in at 2.4 percent in July from a year ago, slightly higher from June’s 1.7 percent, as the favourable base effects are dissipating.

India doubles plantation sector education fund to Rs. 600 million

India has agreed to double its grant for a project aimed at upgrading educational infrastructure in schools within the plantation sector.

BOI joins global pledge to boost gender equity in Foreign Direct Investments

The Board of Investment (BOI) Sri Lanka recently joined a global pledge initiated by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Foreign Direct Investment (FDI) Center to promote gender equity among FDI-mandated organizations in the country.

Decision to relax vehicle imports by August

The government will announce its stance on relaxing the import of vehicles by August, Finance State Minister Shehan Semasinghe said.

IMF to review SL’s economic progress next week

A delegation from the International Monetary Fund (IMF) is scheduled to visit Sri Lanka next week to assess the country’s economic progress.

Global economy in sticky spot: IMF

The International Monetary Fund (IMF) projects global growth to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2 percent in 2024 and 3.3 percent in 2025.

Island-wide canteens, restaurants to lower food prices tonight

All Island Canteen and Restaurant Owners’ Association (AICROA) today said the food prices will be lowered from tonight following the recent electricity tariff revision.

Thailand allows visa-free entry for Sri Lankans from tomorrow

Thailand will allow visa-free entry for travellers from 93 countries and territories, including Sri Lanka from tomorrow (July 15).

Over 5,000 containers stuck due to Customs strike to be released this weekend

An urgent plan has been prepared to clear over 5,000 containers stuck due to the Customs strike and will be released by this weekend, Finance State Minister Ranjith Siambalapitiya said.

Decision on vehicle imports in second week of August

The final decision on lifting the ban on vehicle imports will be made by the second week of August, Finance State Minister Ranjith Siambalapitiya said.

Govt. to assess estate companies’ ability to pay new wages

The plantation companies that have been avoiding the recently approved Rs.1,700 daily wage for the workers will soon have to justify their stance.

Tourist arrivals pick up pace in July

Sri Lanka welcomed over 43,000 international visitors in the first week of July, a significant pickup in the tourist inflow rate from last month.

No change in Laugfs gas prices

Laugfs Gas PLC today announced that no price revisions on its domestic LP gas will take place in line with the recent fuel price revision.

Tariff rates for roof top solar revised

The Cabinet of Ministers has approved new tariff rates for rooftop solar and other renewable energy projects.

Sri Lanka to launch Octane 100 petrol today

Sri Lanka is to launch 100 Octane premium petrol, known as XP100 rating fuel, which helps enhance the performance of vehicles, particularly high-end luxury cars and bikes.

Litro gas prices reduced from today

The price of a 12.5 kg cylinder of Litro domestic LP gas will be reduced by Rs.100 from midnight today, Litro Gas said.

Fuel prices reduced from tonight

The Ceylon Petroleum Corporation (CPC) has reduced its fuel prices with effect from tonight.

Exports of illegal metal, iron, related equipment, scrap prohibited

Efforts are underway to prohibit the illegal export of metal, iron, related equipment and scrap from the country. All metal exports must receive approval from the Ministry of Industry, Finance State Minister Ranjith Siyambalapitiya said.

AI to boost global banking profits by US $ 170 bn in 5 years

Artificial Intellingence (AI) is set to drive global banking sector profits up by US $ 170 billion by 2028, a new report by Citi Group has found.

BIA ’Gold Route’ expected to exceed 2,500 passengers by end 2024: AASL

While achieving a significant growth and revenue milestones by providing a premium airport experience for passengers travelling through the Bandaranaike International Airport (BIA), the Airport and Aviation Services (Sri Lanka) (Pvt) Limited (AASL) said the total number of passengers using the ’Gold Route’ fast track service is expected to exceed 2,500 by the end of 2024.

Asian telecom giant EDOTCO Group meets BOI

Asian telecom giant EDOTCO Group, represented by its Director for Governance, Risk and Compliance Azzahraa Annuar recently visited the Board of Investment (BOI) of Sri Lanka.

SL’s FIU and FINC-Bahrain ink MoU to exchange financial intelligence

The Financial Intelligence Unit of Sri Lanka (FIU-Sri Lanka) entered into a memorandum of understanding (MoU) with the Financial Intelligence National Centre of the Kingdom of Bahrain (FINC-Bahrain), to exchange financial intelligence related to money laundering (ML) and associated predicate offences and in relation to terrorist financing (TF) offences.

Nvidia dethrones Microsoft to become the world’s most valuable company

Chip-maker Nvidia dethroned fellow tech giant Microsoft to become the world’s most valuable company after its share prices surged to an all-time high, Tuesday.

CCD and Honda crack down on counterfeit spare parts

In a collaborated effort to combat the distribution of counterfeit spare parts, the Colombo Crime Division (CCD) and the Honda Motor Company initiated multiple criminal raids in different areas of the country.