Shihar Aneez

5 days ago | economynext.com | Shihar Aneez

ECONOMYNEXT – Facing public pressure to act over his anti-corruption promises, Sri Lanka President Anura Kumara Dissanayake vowed to end the corrupt shadow system that led to treating general public and underworld figures in different ways. Dissanayake’s ruling National People’s Power (NPP) promised to end corruption in the country if the party comes to power. However, analysts say the ruling party is struggling to fulfill its promises at the pace it pledged the public before the elections.

5 days ago | economynext.com | Shihar Aneez

ECONOMYNEXT – Sri Lanka President Anura Kumara Dissanayake criticised the past governance that led the island nation to become the bad child of the IMF and its policies being externally controlled. President Dissanayake stated this on Monday (02) while addressing the inaugural ceremony of the national programme titled “Tax Power’ to enhancing tax compliance and broadening the tax base in a move to create more awareness about why people should pay tax.

5 days ago | economynext.com | Shihar Aneez

ECONOMYNEXT – Sri Lanka main Colombo Stock Exchange (CSE)-owned Central Depository Systems (CDS) and listed lender Sampath Bank PLC signed a Memorandum of Understanding (MoU) to enhance the facilitation of Inward Investment Accounts (IIAs) for non-resident foreign individuals (FIs) in Sri Lanka, the bourse said. The CDS serves as the depository and custodian for securities traded on the CSE.

6 days ago | economynext.com | Shihar Aneez

ECONOMYNEXT – State-run SriLankan Airlines will add an Airbus A330 this week to its existing 22-aircraft fleet with an aim to expand the services, a government source said. SriLankan Airlines currently has an all-Airbus fleet of 22 aircrafts which includes 9 A330 (long haul) and 13 A320/A321 aircraft (medium haul). The new aircraft will be added to the services from Wednesday, June 4, the source said.

1 week ago | economynext.com | Shihar Aneez

ECONOMYNEXT – Distilleries Company of Sri Lanka Plc, a bellwether alcohol firm that usually shows the collapse of demand and recovery as a bubble triggered by rate cuts end in a currency crisis, reported earnings of 4.49 billion rupees for the March 2025 quarter, up 19-pct from a year earlier. Revenues grew 31 percent to 36.7 billion rupees in March quarter and cost of sales grew 65 percent to 6.5 billion rupees or a gain of 8.84 billion rupees.