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
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
Investing
Oneroad Group DMCC Explores Sri Lanka Investment Opportunities
A 12-member delegation from Oneroad Group DMCC Dubai, a prominent global investment consortium, concluded a fruitful visit to Sri Lanka from July 7-14,
Finance
NDB Bank Empowers Tech Professionals with Financial Mastery Workshop
NDB Bank recently hosted a transformative financial mastery workshop aimed at empowering tech professionals with crucial financial skills. Held on July 12th at
Forex Market
Sri Lankan Rupee Stable at 303.60/65; Bond Yields Steady
Sri Lanka’s rupee held steady at 303.60/65 to the US dollar on Thursday, according to dealers. The currency was nearly unchanged from Wednesday’s
Industry Analysis
Fitch Affirms ‘A-(lka)’ Rating for National Development Bank with Stable Outlook
Fitch Ratings has reaffirmed the ‘A-(lka)’ National Long-Term Rating for Sri Lanka’s National Development Bank Plc (NDB), maintaining a Stable outlook. This decision