Sri Lanka's only national business newspaper | Daily FT
WEBSri Lanka enters deflation as administrative prices pull CCPI further down . Tuesday, 1 October 2024 01:42. In September, Sri Lanka experienced defl ation for the first time since 2015, with the general price level falling below that of a year ago.
Presidential Election 2024: What is the political economy ... - Daily FT
WEBAug 17, 2024 · The 2015 Yahapalana Government failed as President Sirisena and Prime Minister Wickremesinghe who had major policy differences, started to pull in two different directions. The appointment of Sirisena’s arch rival Mahinda Rajapaksa as Prime Minister after the dismissal of Ranil Wickremesinghe and the subsequent Easter Sunday carnage which killed over 250 worshippers inside three churches and ...
Sri Lanka's only business publication - Daily FT
WEB3 days ago · Ironwood Capital Partners partially exits its stake in Colombo Coffee Company to CAL-led consortium. Friday, 27 September 2024 00:10. 1. 2. 3. Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper.
Recent performance of the Colombo stock market - Daily FT
WEBOct 12, 2021 · The Colombo Stock Exchange’s (CSE) market capitalisation is up by 42% YTD to Rs. 4.215 trillion. Both the ASPI and S&P SL20 gained 5% in September 2021 (Daily FT, 1/10/2021). The recent seemingly outstanding performance of the share market is of course an excellent outcome, particularly for …
Promised tax reliefs and impacts on State’s revenue | Daily FT
WEBSep 3, 2024 · According to the media reports, major tax reforms promised by the leading frontrunners are as follows: Increase of the individual tax threshold from Rs. 1.2 million to Rs. 2.4 million, Reduction of the maximum income tax rate of 36% to 24%, and. Exempting essential goods and services from VAT such as food, healthcare, and education.
Stock market’s miserable negative run persists | Daily FT
WEBSep 4, 2024 · The Colombo bourse yesterday continued its miserable negative run influenced by uncertainty over the outcome of Presidential election with the market capitalisation turning negative year to date first time despite improvement in turnover. Both indices dipped by over 0.4% and turnover was Rs. 1.1 billion involving 47 million shares. The Colombo Stock Exchange’s market capitalisation was Rs. 4 ...
Sri Lanka’s economy needs stability and continuity | Daily FT
WEBSep 6, 2024 · The Daily FT – ICCSL webinar, titled “A Smarter Sri Lanka: Public Priorities for the 9th Presidency”, held on Saturday, 31 August, underscored the critical importance of stability, continuity, and the elimination of corruption. A firm commitment to the reform agenda was highlighted as essential for Sri Lanka’s full economic recovery.
Sri Lanka Tourism confident of ending 2024 with 2.3 m arrivals
WEBAug 20, 2024 · Sri Lanka Tourism officials on Friday expressed confidence of 2024 achieving the targeted 2.3 million arrivals based on robust year to date performance and provided favourable conditions prevail in the forthcoming winter season. Last week, year to date tourist arrivals crossed the 1.2 million mark …
Leveraging UK’s DCTS for sustainable growth amidst economic …
WEBSep 4, 2024 · Sri Lanka’s apparel industry, a cornerstone of the nation’s economy, finds itself at a critical juncture. As the sector continues to recover from the COVID-19 pandemic and navigates ongoing economic challenges, the UK’s Developing Countries Trading Scheme (DCTS) has emerged as a potential lifeline. However, this opportunity comes with its own set of hurdles, particularly for the small ...
The rise of digital banking in Sri Lanka: Perspectives by BCG
WEBJan 5, 2022 · The pandemic has clearly accelerated the shift in consumer preferences to digital banking channels with ~20% respondents expecting to increase interaction with IB/MB, of which ~60% were from the Affluent category. The future of banking lies in “bionic banking” i.e., achieving a balance between digitisation and human interactions.