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  • IFC Appoints Imad N. Fakhoury as Regional Director for South Asia

IFC Appoints Imad N. Fakhoury as Regional Director for South Asia

IFC, a member of the World Bank Group, has appointed Imad N. Fakhoury as Regional Director for South Asia. Based in New Delhi, Fakhoury will spearhead IFC’s strategy and operations, while…

Sri Lanka inflation quickens for third month as economy rebounds

Sri Lanka’s inflation climbed in December for a third straight month as a rebound in economic activity boosted consumption. The consumer price index in Colombo rose 4 percent from a…

Colombo Bourse records the largest gain in a month

Colombo Bourse settled firmly in the green zone trading positively throughout the day, continuing its upward trend for the third consecutive day, recording the biggest gain in the past month.…

National Budget 2024: A Framework for National Development – Pragmatic Implementation and Timely Execution Will be Key – Ceylon Chamber

The Ceylon Chamber of Commerce considers the 2024 Budget as a crucial step in continuingthe macroeconomic stabilization measures that began in late 2022, as a response to theeconomic challenges faced…

United States Commits Half Billion Dollars to Port Infrastructure in Colombo

The U.S. International Development Finance Corporation (DFC) today announced it has committed more than half a billion dollars to support the development of a deepwater shipping container terminal in the…

COPF Clears New Tax Measures aimed at Closing Tax Loopholes existed Soap Production Import Materials

The Committee on Public Finance (COPF) convened last week to address critical matters pertaining to the importation of ‘soap noodles’ for soap production and to consider the Order under the…

CSE breaks 4-day slump

Colombo Bourse bounced back and settled firmly in green as investors turned optimistic after the State Minister of Finance noted that Sri Lanka and the IMF are finalizing signing the…

Sri Lanka’s August consumer inflation eases to 2.1%

(Reuters) – Sri Lanka’s consumer price inflation rate eased to 2.1% year-on-year in August from 4.6% in July, helped by falling food prices, the statistics department said on Thursday. The…

COLOMBO PORT CITY RECEIVED APPROVAL FOR
BUSINESSES OF STRATEGIC IMPORTANCE

The Colombo Port City Economic Commission has achieved a significant milestone in its journey, to transform the Colombo Port City into a globally competitive special economic zone (SEZ). The Parliament…

COPF raps Finance Ministry over its failure in recovering the loss incurred by the Sugar Tax Scam

The Committee on Public Finance (COPOF) questioned the officials representing the Ministry of Finance regarding the action taken to recover the loss incurred by the Sugar Tax Scam in Sri…