Category: Economy and Markets
CICT pledges USD 25,000 for sight-saving surgeries in Sri Lanka
Another group of Sri Lankans with correctable eye diseases and disorders will soon begin surgery to restore clearer vision, thanks to the latest phase of a community initiative of Colombo International Container Terminals (CICT) in partnership with the Nawaloka Hospital. CICT recently donated US$ 25,000 (Rs 9.25 million at current exchange rates) it has pledged […]
Encouraging Sri Lanka’s youth to pursue entrepreneurship: Ceylon Chamber and ILO
As Global Entrepreneurship Week 2022 shines the spotlight on the importance of entrepreneurship to economic growth, the International Labour Organization in collaboration with the Ceylon Chamber of Commerce is implementing a series of initiatives to facilitate a change in the entrepreneurial ecosystem and bolster young people’s transition into the entrepreneurial world. Conducted under the aegis […]
CFA Society Sri Lanka joins CSE to ring the bell for financial literacy
“Investors need to be aware of the products and services that capital markets and financial markets offer.” – CSE Chairman “Financial Literacy is a body of knowledge which involves economics, business mathematics, logical skills, and the ability to apply those skills in a setting which requires you to make finance-related decisions.” – CFA Society SL […]
President to Inaugurate Sri Lanka Economic Summit 2022
The upcoming Sri Lanka Economic Summit 2022, the foremost and most anticipated annual economic event in Sri Lanka, will be inaugurated by the Chief Guest, President Ranil Wickremesinghe, under the theme Resetting from Turmoil to Opportunity on 5th December at the Shangri-La Hotel, Colombo. This year the Summit will focus on key levers that will […]
First Capital forges ahead amidst a challenging economic environment
First Capital Holdings PLC (the Group) recorded a Profit after Tax of Rs. 823Mn for the six months ended 30th September 2022 compared to Loss after Tax of Rs. 303Mn in the corresponding period of the previous year. The Primary Dealer division reported a Profit after Tax of Rs. 1.1Bn for the six months ended […]
CCC says budget is in right direction but stresses implementation is key to success
The Ceylon Chamber of Commerce observes that the National Budget for 2023 contains many laudable reform proposals which, if implemented in a timely manner, will complement the on-going fiscal reforms outlined prior to the Budget. Full Statement It is refreshing to see that the direction of the budget is towards reforms as compared to unsustainable […]
Group Chairman SLT proposes four fundamental policies to transform loss-making SOEs
While selling assets may be the easiest solution to ward off the national crisis Sri Lanka currently faces, another option lies in transforming loss-making SOEs (State Owned Enterprise) whose rich assets can be turned around to profitability driven and managed by clean, experienced corporate executives, said the SLT Group Chairman Rohan Fernando. He made these […]
Budget 2023: Download Budget Speech (Text)
Budget Speech 2023: DOWNLOAD
Budget Speech 2023 – Highlights
President and Finance Minister Ranil Wickremesinghe is delivering the Second Reading of the Appropriation Bill for the financial year 2023 in Parliament. Economic Outlook We are expecting a positive outcome from debt talks; we were able to manage inflation. Vietnam used to follow our stystem but they are ahead of us now; their main income […]
Central Bank publishes “Recent Economic Developments: Highlights of 2022 and Prospects for 2023”
The Central Bank of Sri Lanka today published “Recent Economic Developments: Highlights of 2022 and Prospects for 2023”. The publication can be downloaded via the Central Bank Website in Sinhala, Tamil and English languages. An overview of the performance of the Sri Lankan economy in 2022 as reflected in “Recent Economic Developments”, and infographics published […]