by M. Rizwan Muzzammil Introduction Both Sweden and Sri Lanka profess to follow Democratic Socialism. But Sweden has seemingly produced a more successful economy. This has led to the popularly held belief that Sweden is an example of Democratic Socialism done right. In this article a brief economic history of Sweden is provided (as published ..read more

Emirates has reaffirmed its long-standing commitment to promoting tourism to Sri Lanka through a Memorandum of Understanding (MoU) signed with the Sri Lanka Tourism Promotion Bureau at Arabian Travel Market 2024 in Dubai.  The MoU was signed by Ahmed Khoory, Emirates’ Senior Vice President, Commercial West Asia & Indian Ocean, and Chalaka Gajabahu, Chairman, Sri ..read more

Fitch Ratings has affirmed the rating on SriLankan Airlines Limited's (SLA) USD175 million government guaranteed 7% unsecured bonds due 25 June 2024 at 'C'. The rating on the bonds is driven by the unconditional and irrevocable guarantee of the government of Sri Lanka (Long-Term Foreign-Currency Issuer Default Rating: 'RD ..read more

The Securities and Exchange Commission of Sri Lanka (SEC) has approved a list of Accredited Shariah Scholars as “Supplementary Service Providers”. These scholars are authorized to certify the Shariah compliance of Islamic Capital Market Products intended for listing on the Colombo Stock Exchange (CSE) in accordance with the Listing Rules. The SEC considers this as ..read more

Sampath Bank, a leading innovator in Sri Lanka's banking industry, proudly unveiled its revolutionary mobile application, Sampath Vishwa Retail. This progressive launch marks a significant milestone within the internet banking landscape, promising unparalleled convenience and accessibility to customers. Boasting a user base of over one million, representing nearly 25% of the bank's total clientele, Sampath ..read more

LankaPropertyWeb (LPW), a real estate portal in Sri Lanka, proudly announces groundbreaking enhancements set to revolutionise the real estate marketing industry. Demonstrating an unwavering commitment to innovation, LankaPropertyWeb introduces two cutting-edge features - the AI-powered social Media Promo Add-On Package and the ML Image Recognition Tool - designed to transform property listings and streamline marketing ..read more

The Second Sri Lanka - UK Strategic Dialogue was held at the Ministry of Foreign Affairs on 07 May 2024. The Sri Lanka delegation at the meeting was led by Director General / Europe and North America Shobini Gunasekera and the UK side by Director / India and Indian Ocean Directorate at the Foreign Commonwealth ..read more

Transparency International Sri Lanka (TISL) has filed a Fundamental Rights Petition (SC FR 110/2024) in the Supreme Court, challenging the appointment of W. Kanishka D. Wijeratne as the Director General (DG) of the Commission to Investigate Allegations of Bribery or Corruption (CIABOC). Mr. Wijeratne, who had previously served as the DG of CIABOC since January ..read more

CEAT Kelani International Tyres (Pvt) Ltd. has assured customers, stakeholders and the general public that the Company has no dispute over Customs Duties with the Customs Department and is not subject to any inquiry or penalty by the Department in relation to Customs Duties. Responding to media reports that a leading tyre manufacturer is facing ..read more

Fitch Ratings has assigned Siyapatha Finance PLC's (BBB+(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured debentures of up to LKR4 billion a final National Long-Term Rating of 'BBB+(lka)'. The final rating is the same as the expected rating assigned on 14 March 2024 and follows the receipt of documents conforming to information already received ..read more