Sri Lanka Reviews 100 Vehicle Import Applications to Boost Tourism
Sri Lanka has received around 100 applications for permits to import vehicles to support the tourism industry, according to Somarathne Vidanapathirana, Secretary of
Business
Bond Yields
Sri Lankan Rupee Rises to 303.25 per USD; Bond Yields Stable
Sri Lanka’s rupee appreciated, closing stronger at 303.25/40 to the US dollar on Thursday, compared to 303.55/65 on Wednesday, according to dealers. Bond
Finance
Overseas Realty Reports Rs. 3.5 Billion Profit for H1 2024
Overseas Realty (Ceylon) PLC has announced impressive financial results for the six months ending June 30, 2024. The company recorded a Group Revenue
Business
Central Bank Lowers SDFR and SLFR by 25 Basis Points
The Monetary Policy Board of the Central Bank of Sri Lanka has announced a reduction in both the Standing Deposit Facility Rate (SDFR)
Economics
CEB Cuts Tariffs Due to Lower Generation Costs, IPP Payments Unaffected
Fitch Ratings-Colombo/Singapore-25 July 2024: Despite a 22.5% tariff cut effective from 16 July 2024, Ceylon Electricity Board’s (CEB, BB+(lka)/Stable) cash flow will remain
Economics
Qatar Charity to Provide Free Fertilizers for Sri Lankan Farmers
Qatar Charity has launched a program to distribute free fertilizers to 3,746 farming families in the Kurunegala, Matale, and Monaragala districts. A Memorandum
Economics
Bakery Owners Anticipate Bread Price Reduction Announcement
The All Ceylon Bakery Owners’ Association (ACBOA) is set to announce a potential reduction in the price of bread tomorrow (26th). The association’s
Tourism
Laos Grants Visa-Free Travel to Sri Lanka and 51 Other Countries
For the first time, Laos has granted visa-free travel access to Sri Lanka, along with 51 other countries, in an effort to boost
Business
Sri Lanka RAMIS to Utilize NIC for Tax Collection, Seeks IT Partner
A ministerial sub-committee’s report on the ‘Effective RAMIS System Utilization’ has recommended using the national identity card (NIC) to identify individuals for tax
Economics
SJB to Back Public Finance Law, Opposes Economic Transformation Bill
Sri Lanka’s main opposition party, the Samagi Jana Balawegaya (SJB), has conditionally expressed support for the Public Finance Management Bill but opposes the