Indunil Hewage

More than 500,000 construction industry workers laid off - CIOB

More than 500,000 construction industry workers were laid off and 70% of the industry is on hold, Ceylon Institute of Builders (CIOB) President Rohan Karunaratne says.“The government is our biggest...

Research critical for all professions -CASL Chief

Despite the evolution of the accounting profession, research has also been a subject that the profession has not given too much of focus over a long years; but in an era of...
SiHiTa Cultural Fest 2020 on Dec. 30

SiHiTa Cultural Fest 2020, organized by Sri Lanka Tourism Promotion Bureau, Ministry of Tourism and Lands and the Indian High Commission in Colombo will take place at the...
“SL progressing with bi-lateral creditors on debt restructuring”

Sri Lanka has made progress in discussions with bi-lateral creditors on debt restructuring, Central Bank Governor Dr Nandala Weerasinghe said.The Governor noted that Sri...
‘Consider ongoing crisis as matter of opportunity for faster reform process’

Sri Lanka needs to consider its ongoing crisis as a matter of opportunity for a faster reform process, Former Minister of Finance in Georgia Aleksi Aleksishvili said.“There...

“Inflation to mid-single digit level by end 2023”

The Central Bank expects inflation to come back to mid-single digit level by the end of next year.Having seen the threat of price instability, Central Bank Governor, Dr. Nandalal Weerasinghe said...
“Frequent change of Heads harmful to continuity and consistency of SOEs”

Frequent change of Heads of State Owned Enterprises (SOEs) does not allow continuity and consistency, SOE Restructuring Agency Chairman Suresh Shah says.“When a cabinet reshuffle occurs or a new...
‘Subsidized hospitality course followers should give back to country’

Courses offered by hotel schools come under the management of government-run Sri Lanka Institute of Tourism and Hospitality Management (SLITHM) are subsidized, hence students must have a sense of...
Ten-year national plan to revive tourism from next year

Sri Lanka Tourism Development Authority Chairman Priyantha Fernando says a 10-year national action plan is to be introduced next year.In addition, Fernando said provincial sustainable tourism units...
Electric vehicles to boost tourism

Sri Lanka is planning on introducing electric vehicles for use in the tourism sector, Tourism Minister Harin Fernando said.Speaking at the Cabinet Press briefing held yesterday , Minister Fernando...
CBSL expects moderation of excessive market interest rates

Supported by favorable supply side developments and tight monetary policy measures, headline inflation pivoted towards the envisaged disinflation path in October 2022, after passing the peak in...
BOI achieves 70% FDI target

Despite challenging times, the Board of Investments (BOI) has achieved 70 % of its targeted FDIs for 2022 by the third quarter of this year.Apart from that merchandise exports by BOI enterprises have...
Every citizen, corporate need to make sacrifices to move out from economic crisis

Every citizen , corporate has to make sacrifices in order for Sri Lanka to move out of the current economic crisis, Chairman, Ceylon Chamber of Commerce Vish Govindasamy said at the Chamber...
“Empower tax Ombudsman, pass Act in Parliament”

National Budget - 2023 proposals on appointing a tax ombudsman and a presidential commission on Taxation would result in the country’s tax policy making becoming more robust, KPMG Sri Lanka Principal...
Budget 2023 spelt out laudable proposals - Hulangamuwa

National Budget - 2023 spelt out laudable proposals. However, committed implementation and close monitoring will be key in building confidence and achieving economic stabilization, Duminda...
“Implementation and monitoring of budget proposals vital”

Committed implementation and monitoring of budget proposals is vital in promoting economic growth and achieving economic stabilization process, The Institute of Policy studies Executive Director Dr....
‘Increasing financial literacy powerful tool’

Increasing financial literacy is a powerful tool for positive change in Sri Lanka, which could replace unproductive or even destructive tendencies of the past with something better, Acting High...
Subsidies to SOEs must end - Prof. Spencer

As part of the public sector reforms, subsidies to state owned enterprises (SOEs) must be suspended, including guarantees on SOEs debt, former Acting Governor of the Reserve Bank of New Zealand Prof...
‘Private sector activities decline sharply’

Sri Lanka’s current economic crisis is driving millions of people into poverty and unemployment and the private sector, which has seen sharp decline in activities, has lost over half a million jobs...
Launch global marketing campaign to showcase what SL has to offer - Eksath Wijeratne

Sri Lanka needs to come up with a proper global marketing campaign to showcase the best that country has to offer, Browns Hotels and Resorts- Group General Manager Eksath Wijeratne said.Noting that...