WSA Sri Lanka nominees shine as best worldwide performers in social innovation for third consecutive year . Thursday, 30 January 2025 00:06. This year, seven innovative digital solutions from Sri Lanka were among 900 entries from 182 countries for …

Jan 1, 2025 · The CSE Colombo stock market yesterday ended 2024 recording its highest ever value of Rs. 5.69 trillion whilst providing 50% return to long-term investors. Value of the market finished 2024 at a record Rs. 5.69 trillion, up by 34% from last year. Over Rs. 1.5 trillion was added in market capitalisation in the last quarter. The previous highest market capitalisation was Rs. 5.48 trillion in ...

Nov 6, 2024 · In September 2023, after 73 years, the Central Bank of Sri Lanka (CBSL) gained formal independence with the enactment of the Central Bank of Sri Lanka Act (Act 16 of 2023), replacing the Monetary Law Act. This step towards autonomy, largely influenced by conditions from the International Monetary Fund (IMF), aims to shield the CBSL from political influence. The rationale is straightforward: an ...

Nov 23, 2024 · I have always been deeply interested in Sri Lanka’s socio-political landscape and its complex history for three main reasons. First, as an ethnic Tamil minority who endured the brutalities of war during childhood, this subject holds personal significance. Second, my father, the late Sundaram Divakalala—a renowned Tamil civil …

Dec 27, 2024 · The establishment of a Ministry of Digital Economy in Sri Lanka signals a bold step towards embracing the opportunities of the 21st century. This strategic move aligns the country with global trends and positions it to harness the transformative power of digital technologies. As nations worldwide increasingly depend on digital economies for growth and innovation, Sri Lanka’s decision to ...

Sep 26, 2024 · The newly elected President Anura Kumara Dissanayake in the National People’s Power manifesto has promised among other things to bring the country out of the current political and socio-economic crisis and make Sri Lanka prosperous. ..

Oct 18, 2024 · Sri Lanka’s debt crisis has been the most critical issue affecting its economy post the 2022 meltdown, with years of borrowing to finance development projects, cover fiscal deficits, and manage post-war reconstruction. The current state of Sri Lanka’s debt repayments are still to be concluded and several measures need to be taken …

Oct 24, 2024 · By Charumini de Silva Several key tourist markets, including the US, UK, Australia, Russia, Canada, Israel, and New Zealand yesterday issued travel warnings for Sri Lanka following reports of potential threats to international travellers, particularly in the eastern, southern, and western coastal cities. Interestingly, six of these countries, except for New Zealand, are among the top 20 source ...

Oct 28, 2024 · The greatest challenge for policymakers and tax administrators is to establish a robust, corruption-free refund mechanism. For over 25 years, Sri Lanka has struggled to implement efficient tax refund mechanisms for both VAT and income tax.

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