EU-SL agree GSP+ underutilised
The European Union (EU) and Sri Lanka have agreed that Sri Lanka is not fully utilising the benefits of GSP+s, more than one-and-a-half years after regaining the tariff concessions. Read More »
Budgetary allocations for several ‘economic’ ministries slashed
The Appropriation Bill 2019, which was presented to Parliament recently, has reduced its allocations made under several economically significant ministries in comparison to the Budget 2018. Read More »
CBSL yet to make EMV cards mandatory
Even though two weeks have passed since the skimming attacks, the Central Bank of Sri Lanka is yet to make EMV cards mandatory, which can eliminate further attacks like these. Read More »
Rupee outperforms other South Asian currencies in 2019
The Sri Lankan rupee (LKR) appreciated by 2.8% against the US dollar (USD) in the first 37 days of 2019, outperforming other key South Asian currencies. Read More »
South Asia’s longest sky bridge in Colombo by September
Colombo will be home to the longest sky bridge in South Asia, which will connect ITC One hotel tower and Sapphire Residences, by September 2019. Read More »
How insurance is being used to improve Sri Lanka’s driving culture
SLASSCOM Chairman Jeevan Gnanam's new venture is tying insurance to good driving in a bid to change Sri Lanka's driving culture. Read More »
Johnson’s powder halted on media reports
Non-renewal of license not based on scientific findings and purely on international media reports Read More »
Banks face long road to 100% EMV migration
* 100% migration to take at least six to nine months* Anti-skimming devices to be installed at ATMs Read More »