Sri Lanka's only national business newspaper | Daily FT
DHL Global Forwarding unveils new 85,000 square feet centralised warehouse facility in Sri Lanka . Monday, 23 December 2024 00:00. DHL Global Forwarding has taken a significant step forward in enhancing Sri Lanka’s logistics landscape with the launch of a new 85,000-square-foot ..
Sri Lanka Presidential election 2024: A turning point or a false dawn?
Oct 2, 2024 · One of the most pressing challenges facing Dissanayake’s administration is the renegotiation of Sri Lanka’s debt. The island’s economy remains shackled by billions of dollars in foreign debt, with China, Japan, and the International Monetary Fund (IMF) being its …
CBSL releases Financial Stability Review 2024 and outlook
Oct 12, 2024 · The Central Bank of Sri Lanka yesterday released the Financial Stability Review for the Year 2024, providing an assessment of the stability of the financial system, identifies and evaluates the associated risks and vulnerabilities, and outlines the policy measures implemented by the Central Bank and other regulatory authorities. The Central Bank noted that this statutory report was released in ...
Role of second preference: a simulation of 2024 Presidential …
Sep 20, 2024 · Sri Lanka awaits the election of its 10th President in a political landscape that has not been seen before in history. For the first time, at least three frontrunners are contending for the presidency – as opposed to the usual bi-candidate race – with a certain possibility of none achieving an over-half majority vote. This new structure of contest has …
World Bank ups Sri Lanka’s growth projection from 2.2% to 4.4
Oct 11, 2024 · The World Bank yesterday announced that Sri Lanka’s economy has shown signs of stabilisation, projecting growth to surpass the earlier estimate of 2.2% now expected to reach 4.4% in 2024. This positive outlook follows four consecutive quarters of growth, primarily driven by the industrial and tourism sectors. The findings were part of the multilateral donor’s bi-annual report, ‘Sri Lanka ..
CA Sri Lanka hosts SAFA Best Presented Annual Report Awards 2023
Nov 21, 2024 · The South Asian Federation of Accountants (SAFA) celebrated the region’s finest achievements in financial reporting at the 2023 Best Presented Annual Report Awards (BPA Awards) hosted by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) in Colombo on 11 November. This year’s theme, ‘Honouring Excellence,’ captured the essence of the awards, celebrating the highest ...
Finance Ministry explains how external debt relief deal works
Jun 29, 2024 · What is the significance of the final debt treatment agreements reached on 26 June 2024? On the 26 June 2024, Sri Lanka reached a final agreement on its debt treatment with the members of the Official Creditor Committee (OCC) of Sri Lanka’s major bilateral lenders, and also Bilateral Debt Treatment Agreements in relation to …
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Gem Sri Lanka 2025 in January to lure global buyers | Daily FT
Nov 8, 2024 · Experts see major global growth potential for Sri Lanka’s gem industry through targeted innovation, with China emerging as promising market for coloured gemstones By Divya Thotawatte South Asia’s premier precious stone showcase, Gem Sri Lanka, is set to make a dazzling return from 7 to 10 January next year at the Cinnamon Bentota Beach, with a goal of taking the country global. Organised b ..
Political rupture in Sri Lanka: What lies ahead? | Daily FT
Oct 8, 2024 · 21 September was a day of many firsts in Sri Lanka. Millions of people went to the polls to vote in the first Presidential elections since mass protests forced the country’s last elected president, Gotabaya Rajapaksa, from office in 2022. 1, 2 It also marked the first time in Sri Lanka’s history that a second round of counting had to take place after none of the candidates secured the 50% ...