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Month: August 2022

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  • Ceylon Chamber calls on the government to focus on the Implementation of Progressive Proposals in the Interim budget of 2022

Ceylon Chamber calls on the government to focus on the Implementation of Progressive Proposals in the Interim budget of 2022

The Ceylon Chamber of Commerce views the interim budget for 2022 delivered by President RanilWickremesinghe in his capacity as Minister of Finance, as a positive step towards rebuilding themacroeconomic framework…

Ceylon Chamber’s National SME Forum 2022 highlights Resilience Measures for SMEs

Digital transformation and innovation that sees opportunity in turbulence in order to attainresilience and growth, were among key themes that were explored at the National SME Forum2022 organised recently by…

House & Apartment Prices accelerates with Escalating Construction Costs In Sri Lanka

The recently released Q2 data of the House Price Index of LankaPropertyWeb showed that the overall selling prices of apartments increased by 45.17% when compared to Q2 of 2021. According…

IMF staff plans to visit Colombo ths week

An IMF Staff delegation led by Peter Breuer and Masahiro Nozaki plans to visit Colombo during August 24-31 to continue discussions with the Sri Lankan authorities on economic and financial…

U.S. partners with David Pieris Motor Company to boost electric mobility in Sri Lanka

The U.S. government, through its development agency, the U.S. Agency for International Development (USAID), is committed to accelerating clean energy to drive social and economic sustainable growth in Sri Lanka. …

CBSL Establish 17-member Stakeholder Engagement Committee Chaired by Prof. Sirimal Abeyratne

The Central Bank of Sri Lanka (CBSL), with a view to broadening its engagement with key stakeholders of the economy, established the Stakeholder Engagement Committee (SEC) by replacing the Monetary…

Indian Oil Corp unit to open 50 fuel stations in Sri Lanka to help alleviate crisis

(Reuters) – Sri Lanka has given approval for India’s Lanka Indian Oil Corporation (LIOC) to open 50 new fuel stations, a company official said on Monday, as part of efforts…

Eight member committee appointed to propose recommendations to restructure CEB

The Government yesterday appointed eight-member committee to propose recommendations within a month to restructure Ceylon Electricity Board (CEB), the Minister of Power and Energy Kanchana Wijesekera announced. The eight members…

UN Secretary-General Calls Governments to tax ‘Immoral’ Profits of Oil and Gas Companies

As the war in Ukraine continues to rage, skyrocketing energy prices are compounding an existential cost-of-living crisis for hundreds of millions of people, warned the UN Secretary-General’s Global Crisis Response Group (GCRG)…

TUI extend the suspension of Sri Lanka holidays

TUI has further extennded the cancellation of holidays to Sri Lanka. The operator’s program is being suspended for an extra week until August 22th. Tui started holiday cancellations to Sri…