The Sri Lankan foreign exchange (FX) market has successfully implemented an FX matching platform, as per the initiative taken by the Central Bank of Sri Lanka (CBSL) to foster a deeper FX market. This platform, which is accessible to all Licensed Commercial Banks, National Savings Bank, and the CBSL, was introduced to enhance price discovery,…
The government has made a policy decision to recruit women for various positions in Sri Lanka Railways and the Sri Lanka Transport Board (SLTB), including railway guards and train drivers, Minister of Transport, Highways, Ports, and Civil Aviation Bimal Rathnayake said. Speaking in Parliament today (07), Rathnayake emphasized that the government expects to see ‘highly…
DFCC Aloka, DFCC Bank’s flagship women’s banking proposition, in collaboration with Uber Sri Lanka, has launched a transformative initiative to unlock greater financial opportunities for female entrepreneurs. Aligned with the International Women’s Day 2025 theme, ‘Accelerating Action,’ the collaboration aims to equip women with essential financial tools and support to grow their businesses, strengthen their…
The CSSL National CIO Forum 2025 marked a groundbreaking initiative that celebrated the contributions of Sri Lanka’s IT fraternity, showcasing their invaluable role in shaping the nation’s digital future. Held at Shangri-La Colombo, this prestigious event provided a platform for the country’s leading technology professionals to exchange insights, explore new opportunities, and recognize the remarkable…
Standard Chartered Sri Lanka hosted Jerry Zhang, Global Co-Head of Financial Institutions (FI) Coverage along with Prashant Shah, Regional Head of Financial Intuitions on a three-day visit to the country recently. The visit included high-level engagements with key stakeholders in Sri Lanka’s financial sector. During her stay, Jerry held key meetings with CEOs of leading…
Sri Lanka and Japan are set to formalize key debt restructuring agreements tomorrow (07), marking a significant step in the island nation’s ongoing economic recovery efforts. The agreements will be signed at the Ministry of Finance between the Government of Sri Lanka and the Government of Japan, alongside amendments to existing arrangements with the Japan…
With over 400 certified organic exporters/ processors and more than 12,000 organic producers, Sri Lanka’s organic sector contributes over $0.5 billion annually to the national economy. By aligning regulations with international standards, the country aims to strengthen its credibility in the global organic market and unlock new trade opportunities. Key organic exports include tea, coconut-based…
Indian Prime Minister Narendra Modi who is leading the Indian economic expansion is expected to visit Sri Lanka in April. He is likely to discuss issues including connectivity & economic ties with Sri Lankan counterparts. According to legend, Prince Rama connected the two countries to send Monkeys to create chaos & conflict. To mitigate similar situations…
YTD Local revenue increase by 10% 47% revenue increase in Bangladesh in Q3 against Q2 Overall GP margin increase by 5% Operational profit margin increases by 4% in Q3 signaling growth YTD PAT increase by 74% with margin increase of 6% JAT Holdings PLC has recorded a stellar performance for Q3 of FY 2024/25, crossing…
MAS Holdings to gain greater access to growing Indian market with expansions in Odisha, India MAS Holdings, South Asia’s largest apparel manufacturer, marked a significant milestone in its global expansion by breaking ground for its first facility in the state of Odisha, India. This strategic initiative builds on MAS’ long-standing presence in India while strengthening…
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