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‘s experience multidimensionally vulnerability: UNDP Report
Debt, a lack of education, and the ability to adapt to disasters are factors that make most people feel vulnerable, says a new report, released today by the United Nations Development Programme (UNDP) and the University of Oxford’s Poverty and Human Development Initiative (OPHI). The Policy Report titled ‘Understanding Multidimensional Vulnerabilities: Impact on People of […]
CCPI based headline inflation decreased to 4-pct in August
Headline inflation, as measured by the year-on-year change in the Colombo Consumer Price Index decreased to 4.0% in August 2023 from 6.3% in July 2023 in line with the projections envisaged by the Central Bank in July 2023. The Food deflation continued for the second consecutive month recording 4.8% in August 2023 from 1.4% in […]
Standard Chartered drives inclusion with enhanced global parental leave benefit
Standardised minimum 20-week parental leave provisions irrespective of gender, relationship status or how a child comes to permanently join an employee’s family. Standard Chartered globally has announced the rollout of enhanced parental leave benefits. From 1 September 2023, the Bank will be standardising the amount of parental leave offered for both mothers and fathers and […]
‘s Most On-Time Airline
FitsAir, Sri Lanka’s first and only privately-owned low-cost airline and subsidiary of Aberdeen Holdings was adjudged as Asia’s most punctual airline in July 2023. Outflying its peers, FitsAir proudly earned the prestigious accolade for maintaining an impressive 100% on-time performance across its network of international flights. Reaffirming its unwavering dedication to consistently deliver on-time flights […]
ComBank launches Sri Lanka’s first Green Home Loans scheme
The Commercial Bank of Ceylon has announced another initiative under its Green lending portfolio to support customers who share the Bank’s commitment towards the environment. Green Home Loans of up to Rs 50 million are now available for the purchase of homes that have been granted Green Building Certificates by the Green Building Council of […]
Two new boats added to HIP’s Marine Services fleet
The Hambantota International Port (HIP), in a bid to expand its marine services, has deployed 2 additional boats to their existing fleet that’s available for hire by local service providers engaged in offering crew changes, bunker and draft surveying, a platform for technical support in Underwater inspections, Underwater and afloat repairs, propeller cleaning, supply of […]
President joins spectators to witness final Randoli Esala Perahara
In a profound display of reverence for Sri Lanka’s rich cultural heritage, President Ranil Wickremesinghe graced the concluding Randoli Perahara of the esteemed Esala Perahara festival, held at the iconic Sri Dalada Maligawa in Kandy. The auspicious occasion witnessed an international touch as well, with the distinguished presence of US Senator Chris Van Hollen, who […]
Imposing 30-pct tax on EPF/ETF makes workers paupers as it applies to their savings: Eran Wickramaratne
The present government’s income tax policy to attract an effective tax rate of 30% would require a salary above Rs. 500,000 per month. Probably 90% of the working population draws less than 500,000 per month. This government is now amending the income tax laws to impose a 30% income tax on EPF/ETF. This tax will […]
Visa Celebrates 35 Years in Sri Lanka; Unveils Visa Government Solutions for market
Today marks a significant milestone for Visa, the global leader in digital payments, celebrating its 35-year anniversary in Sri Lanka. This journey encapsulates the company’s unwavering commitment to the nation and signifies the pivotal role Visa has played in helping the country transition towards a comprehensive digital economy. Celebrating the milestone, Visa announced a pledge […]
Delmege Interior Décor outdoes itself once more
The Edith Cowan University Sri Lanka (with its local partner ACBT), opened its doors to the public unveiling seven floors of modern, elegant and functional interiors, carefully planned and designed to bring out the best in those utilizing these spaces. Delmege Interior was proud to be associated with the internationally renowned and recognized Edith Cowan […]