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“Is There an Alternative?” – Public Seminar on May 29
The “Is There an Alternative?” interactive seminar, organized as an inquiry into the economic crisis and potential solutions, will be held on May 29, 2024, at 3:00 PM at the Lakshman Kadirgamar Centre, Colombo 07. This conference will feature distinguished speakers including: Shehan Semasinghe, State Minister of Finance Champika Ranawaka, Member of Parliament Chanaka Rasa…
Cabinet Approves Special Bill for Re-registration of Companies
The Cabinet has approved to introduce a special bill for the re-registration of companies incorporated or registered under the Companies Act. The operations, procedures, and other requirements related to companies operating in Sri Lanka are outlined under the Companies Act No. 7 of 2007. As of March 31, 2024, there are approximately 199,484 companies incorporated…
Sri Lanka Benefits from Red Sea Tensions Despite Risks in Joining US Operations
Colombo Port Experiences Surge in Traffic Amid Red Sea Crisis Sri Lanka’s Colombo port has witnessed a significant increase in container volumes in recent weeks as vessels seek alternative routes to avoid the tensions in the southern Red Sea. Yemen’s Iran-backed Houthi rebels’ attacks on ships in this vital shipping route prompted some shipping companies…
Excise Tax Revenue Falls Short of Health Costs in Sri Lanka
Amaranath Thennakoon, Director of the Center for Drug and Alcohol Information, stated that people in Sri Lanka spend around 6 billion rupees daily on arrack and beer. He shared this information during a recent discussion with journalists at the Sarvodaya Institute in Kegalle. Dayarathna Bandara, reported this to Dinamina newspaper, highlighting the significant financial burden…
What’s Next for Sri Lanka in Debt Restructuring?
Sri Lanka is poised to sign a significant debt restructuring agreement with a group of creditor nations on Wednesday, a crucial step in stabilizing the country’s finances following a severe economic crisis. President Ranil Wickremesinghe informed his cabinet about the debt restructuring on Monday, Foreign Minister Ali Sabry revealed in a phone interview. The cabinet…
SriLankan & Korean Air Announce Codeshare Partnership
SriLankan Airlines and Korean Air have officially activated a new codeshare partnership effective 15 March 2024, presenting enhanced travel options and connections for customers of both airlines travelling between Colombo and Seoul. Richard Nuttall, Chief Executive Officer of SriLankan Airlines stated: “We are delighted to launch our first-ever codeshare partnership with Korean Air, and boost…