Indunil Hewage

‘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...
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...
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...
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...

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...
“New Central Bank Act will ensure price and financial stability over long-term”

Key elements of a market-based financial system will require restoring confidence by correcting current imbalances and reducing the vulnerability of the financial system to further shocks, former...
Race the Pearl fifth edition on Nov. 5

The fifth edition of Race the Pearl, an ultra endurance 24 hour cycling race which covers the entire length of Sri Lanka from Point Pedro to Dondra Head is scheduled to take place on November 5 with...
“Conclude debt restructuring negotiations as soon as possible”

The combined effects of the economic stabilization process will lead to sharp output contractions and the recovery path from the immediate impact may vary, Institute of Policy Studies of Sri Lanka (...
‘Paramount importance that public demand accountability over money raised as taxes’

Local corporate sector raised concerns with regard to transparency and accountability of government expenditure and called on the government to communicate to the general public, businesses alike...
“Companies need getting acquaint to ESG requirements”

Environmental, Social and Governance (ESG) movement is becoming a widely accepted criteria and companies in every sector including Food and Beverage (F &B) will need to make a concerted effort to...
‘Poor intra agency coordination delayed USD 2 Bn worth projects’

Some 73 investment projects, worth almost USD 2 billion are pending approvals due to poor intra agency coordination, which has led to delays in granting investment approvals, State Minister of...
Lanka’s tax policy should not be changed to whims and fancies of lobby groups

Sri Lanka’s tax policy should not be changed according to whims and fancies of lobby groups, KPMG Sri Lanka -Principal –Tax and Regulatory Suresh Perera said.Noting that Sri Lanka must have a proper...