• Mon. Oct 18th, 2021

Month: October 2021

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  • Sri Lanka’s Capital Alliance Partners with BetaOne Investments to Enter Bangladesh’s Thriving Merchant Banking Sector

Sri Lanka’s Capital Alliance Partners with BetaOne Investments to Enter Bangladesh’s Thriving Merchant Banking Sector

Sri Lanka’s leading player in the Capital Markets services sphere entered into an investment and partnership agreement with Bangladesh’s BetaOne Investments Limited as it continues with its journey to realize…

CBSL expects inflation to deviate from its targeted levels

The Central Bank of Sri Lanka expects headline inflation to deviate somewhat from the targeted level of the 4-6 percent range in the near term while continuing to prioritize policy…

Central Bank of Sri Lanka holds policy interest rates steady

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 13 October 2021 decided to maintain policy rates at current levels In consideration of the…

Sri Lanka’s Fastest-Growing Apparel Manufacturer Hela Clothing Officially Joins U.S. Cotton Trust Protocol

The U.S. Cotton Trust Protocol welcomes global apparel manufacturer Hela Clothing, a provider of sustainability-focused supply chain solutions, as a new member. With facilities located in Sri Lanka, Kenya, Ethiopia…

International community strikes a ground-breaking global minimum corporate tax rate sans Sri Lanka and three others

Major reform of the international tax system finalised yesterday at the OECD will ensure that Multinational Enterprises (MNEs) will be subject to a minimum 15% tax rate from 2023. The…

Navigating through High Maritime Freight Rates

By Imesha Dissanayake Maritime Freight rates have been on an upward trend since the second half of 2020. The Drewry’scomposite World Container Index (WCI) as of 30th September 2021 increased…

Making state-owned enterprises work for commercial investors

By William P. Mako, David Robinett State-owned enterprises have long provided crucial infrastructure and other goods and services across Asia and the Pacific. Historically, these companies raised money directly from governments, or…

TRC hailed for consumer protection against illegal smartphone trade

Smartphone customers in Sri Lanka will be protected from illegal smartphone imports owing to a revolutionary gazette issued by TRCSL (Telecommunication Regulatory Commission of Sri Lanka). The Gazette Extraordinary 2196/51, issued…

ADB Approves $110 million Additional Funding for Primary Health Care System (PHC) Project in Sri Lanka.

The Asian Development Bank (ADB) has approved a $110 million loan as additional financing for the ongoing Health System Enhancement Project that is improving the primary health care system (PHC)…

Sri Lanka Lifts margin deposit requirement on mobiles, home appliances, and over 600 other imported goods

The Central Bank of Sri Lanka (CBSL) removed the 100 percent cash margin deposit requirement imposed on 623 ‘non -essetial’/non urgent’ imported goods including mobiles, home appliances, clothing, household, and…