Fitch Ratings: Reserve dynamics among APAC sovereigns appear to be diverging, with potential implications for their credit profiles, says Fitch Ratings. Some central banks have been able to accumulate reserves on current account improvements or investment inflows, while others still see their currencies under pressure from US Fed tightening prospects. Official reserves among Fitch-rated sovereigns…
The 2023 China International Fair for Trade in Services (CIFTIS) will be held in Beijing from 2 – 6 September 2023. Approx 2200 companies representing all parts of the world are participating at the event. The guest of honour in the education services sector this year is the United Kingdom. This indicates the level China…
Business Sentiment – Confidence at a Five Month Low Drastic disinflation after 19 months in double digits, questions regarding the impact of the domestic debt optimisation framework (DDO) and its impact on the fiscal outlook, and an easing of import restrictions are among the most recent vicissitudes on the minds of businesspeople. The Central Bank…
Historically recorded facts of the “Lakdiva Sea” are linked to India & SL. Sangamiththa (daughter of Ashoka) sailed in peace with the sapling while Kalinga Maga arrived with malice. Rulers of Jaffna sailed passing Mannar to attack Dematagoda (Colombo 09) & Panadura when they visited the Hindu temple dedicated to the god who protects cattle…
In anticipation of the keynote discussion ‘Mindful Solutions with Mo Gawdat’ organised by Cinnamon Hotels & Resorts, the former CBO of Google [X] and best-selling author, tackles some questions on the future of technology and human performance. Here’s a sneak peek into areas that will be spoken at the much-awaited discussion set to take place…
Global trend shifting towards homogenous and recyclable packaging materials Below are excerpts of an interview with B. Swaminathan, the CEO and President of Smart Expos & Fairs India (Pvt) Ltd, we delve into his perspectives on the transformative potential of Circular Economy and Sustainable Growth within Sri Lanka’s plastics industry. Swaminathan sheds light on how…
When President Ranil W encouraged SL Children (at Anula vidyalaya) to go global by learning Chinese & Hindi, some elected officials were worried about colonizing. Certain media sources which backed some of the above promote Sinhalese & Tamils to learn the basics of Tamil & Sinhala respectively. It is a noble act to make Sri…
Temples & towns which disappeared when reservoirs reached spill level are reappearing with heated arguments on who should get the available water. Those who follow certain media may feel that it’s the only issue in SL at present. Farmers, Electricity producers, Politicians, & even a Canadian visiting SL are having different views. The Canadian may…
By Securities and Exchange Commission of Sri Lanka (SEC) Islamic Capital Market Products (ICMP) are securities which are developed in compliance with Islamic Law, and ICMPs play an important role in the development of the Capital Market and the economy as it opens up opportunities for investment and fund raising. Many countries have introduced different…
World’s leading apparel certification body commends Sri Lanka’s apparel industry for embracing social compliance and sustainability amidst global challenges Given the economic challenges faced by Sri Lanka and the implementation of new EU sustainability laws, companies are realizing the importance of streamlined compliance processes. Certification processes including Worldwide Responsible Accreditation Production (WRAP) offers sustainable solutions,…
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