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CCPI based headline inflation starts to decline
Headline inflation, as measured by the year-on-year change in the Colombo Consumer Price Index which followed an increasing trend since October 2021, declined to 66.0% in October 2022 from 69.8% in September 2022. Following a similar trend, the Food inflation decreased to 85.6% in October 2022 from 94.9% in September 2022, while the Non-Food inflation […]
Sri Lanka to join OACPS with a potential EU FTA
Sri Lanka’s Presidential Envoy to Europe and the Commonwealth, Niranjan de Silva Deva Aditya (Nirj Deva), said this week in Brussels that he has started discussions for Sri Lanka to join the Organization of African, Caribbean, and Pacific States (OACPS). The Maldives’ more advanced application to join the OACPS should be looked at alongside Sri […]
SLASSCOM ties up with Information & Communications Technology Association of Jordan
Under the aegis of the Embassy of Sri Lanka in Jordan, an MoU between SLASSCOM and INT@J was signed on 27 October, 2022. The MoU signing took place virtually between Chairman Ashique M. Ali on behalf of the Sri Lanka Association for Software and Services Company (SLASSCOM) and Chairman Amjad Swais for INT@J in the […]
Microsoft launches Founders Hub in Sri Lanka
Microsoft for Startups Founders Hub was recently launched in Sri Lanka to empower local startup founders to turn their ideas into reality and help boost the economy. The Microsoft for Startups Founders Hub is designed to remove traditional barriers to building a company and help founders innovate and grow, regardless of their background, location, progress, […]
VIDEO: Elon Musk Takes Over Twitter; CEO And CFO Depart
Elon Musk’s deal to purchase Twitter has gone through and the now-former CEO and CFO have left the company’s offices and will not be returning.
Low interest working capital loan scheme for SMEs under ADB credit line
Small and medium enterprises can avail of working capital loans from banks through a loan scheme facilitated under an existing ADB credit line, the Finance Ministry said. Sectors expected to provide loans: Agricultural, tourism, and export-oriented sectors Main conditions of the loan scheme: Maximum loan amount is Rs. 10 million. The loan amount can be […]
Colombo Stock Exchange extends trading hours from 01st Nov
The Board of Directors of the Colombo Stock Exchange (CSE), with the consultation of the Securities and Exchange Commission of Sri Lanka (SEC) have decided to extend the trading hours with effect from 01st November 2022 as set out below: Pre-open session – 09.30 a.m to 10.00 a.m Open Auction – at 10.00 a.m. Regular […]
CCC hails passing of 21st Amendment; applauds consensual approach adopted by political parties
The Ceylon Chamber of Commerce is pleased to note the passing of the 21st amendment with an overwhelming majority in Parliament last week. While all measures proposed by the Chamber along with other likeminded professional bodies and civil society organizations may not be addressed by this amendment, it nevertheless considers this as a step in […]
10 Billion dollars recorded for Exports in 9 months of 2022
Earnings from the merchandise exports increased by 5.75 % y-o-y to US$ 1,093.98 Mn in September 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the increase in export earnings from Apparel & Textiles, Tea, Gems & Jewellery, Electrical & Electronic Components and Spices & Essential Oils. Monthly […]
Emirates holds assessment days to recruit cabin crew in Sri Lanka
Emirates, the world’s largest international airline, is looking for candidates to join its multinational cabin crew team with an assessment day planned in Colombo on 26 October. The Dubai-based airline is looking for individuals who are passionate about delivering simple yet personalised and impeccable hospitality while creating memorable moments for its customers. Safety being one […]