Sri Lanka is well known for its technology enabled services. Despite being a small country in South Asia, the tech innovations of the country is chosen by many global clients as their technology partner or offshore service delivery destination.
Sri Lanka’s merchandise trade deficit recorded the lowest in 2022 in December, as earnings from exports highest ever while expenditure on imports declined significantly in 2022, compared to 2021, the Central Bank reported in its External recording the Sector Performance review for the month on Tuesday (31).
A business delegation of the Sverdlovsk Region of the Russian Federation recently paid a courtesy visit to the Board of Investment of Sri Lanka (BOI) and called on BOI Chairman Dinesh Weerakkody, Director General M Weerakone and other top officials.
The government stands to lose Rs. 150 billion in annual excise income due to the fake stickers on liquor bottles.
The Monetary Board of the Central Bank of Sri Lanka (CBSL), at its meeting held yesterday (24), had decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 per cent and 15.50 per cent, respectively.
Customs codes (HS Codes) have been introduced for 142 new types of goods with effect from January 01.
Experienced banker Clive Fonseka has been appointed acting CEO and general manager of the People’s Bank (PB).
Kanrich Finance Limited (KFL) has been ordered by the Central Bank of Sri Lanka (CBSL) to settle its public liabilities in full by the end of February 2023.
The Monetary Board of the Central Bank of Sri Lanka decided to cancel the Finance Business Licence issued to Swarnamahal Financial Services PLC (SFSP), in terms of Section 37(3) of the Finance Business Act, No. 42 of 2011 (FBA) with effect from 28th December 2022.
With a vision for empowering Sri Lankan women in business, the Women Entrepreneurs Forum was successfully held recently at the Kingsbury hotel in Colombo.
