Marking a significant step toward fostering stronger business ties between Sri Lanka and Qatar to enhance investment opportunities, a special delegation from Port City, Sri Lanka visited key real estate companies in Doha from 03 to 05 September 2024. The delegation was facilitated by the Embassy of Sri Lanka in Doha in collaboration with the…
A Strategic Policy Framework for Sri Lanka’s Knowledge and Innovation Industry (IT & BPM) SLASSCOM, the national chamber for the Knowledge and Innovation (IT&BPM) industry in Sri Lanka, recently handed over its strategic policy document titled “Igniting Knowledge, Inspiring Growth” to the country’s leading presidential candidates: President Ranil Wickremasinghe Sajith Premadasa (SJB), Anura Kumara Dissanayake (NPP), and…
Digital Mobility Solutions Lanka Limited, known as PickMe, has successfully concluded its Initial Public Offering (IPO), demonstrating robust investor interest. The company offered 43,474,179 shares at a price of LKR 36.00 per share, and the issue has been oversubscribed. As detailed in the prospectus dated September 3, 2024, the subscription list will officially close today…
The highly anticipated Initial Public Offering (IPO) of LTL Holdings Limited has been postponed following the emergence of new information that was not disclosed in the company’s prospectus. The Colombo Stock Exchange (CSE) announced the decision today, citing the need for further review. In a circular addressed to the Chief Executive Officers of trading participants,…
The Safe Processing in Cooperative Enterprises (SPICE) cooperative development project follows three farmer cooperatives in Sri Lanka, India and Guatemala Frontier Co-op, a leading supplier of sustainably sourced and organic spices, herbs and botanicals, has completed its multi-year Safe Processing in Cooperative Enterprises (SPICE) cooperative development project supported by the United States Agency for International Development (USAID) Cooperative Development Program (CDP)…
Cordelia Cruise Lines completed its second season of calls at the Hambantota International Port (HIP) in September 2024. The scheduled 6 visits between July and September brought in over 5000 tourists to the country. The next season of Cordelia cruises, which will also be 6 calls at HIP, is scheduled to begin in June 2025…
Xinhua — Moody’s Ratings has downgraded the government of Maldives’ long-term local and foreign currency issuer ratings from Caa1 to Caa2 and placed the ratings under review for a possible further downgrade, the rating agency said in a statement on Wednesday. In the statement, the rating agency added that they have also downgraded the long-term…
Sri Lanka Tourism Promotion Bureau (SLTPB) , in collaboration with the Embassy of Sri Lanka in the Netherlands, participated at the “Embassy Festival 2024” on 7th September 2024 in Hague, the Netherlands. The Embassy organized two stalls showcasing Sri Lanka tourism, culture, cuisine, tea and handicrafts to the Dutch and other international visitors. This was an…
The Central Bank of Sri Lanka announces that the Monetary Policy Review No. 05 of 2024, originally scheduled for release on the 20th of September, 2024, has been rescheduled. The updated release date will be Friday, 27th September 2024, at 7:30 a.m.
The Asian Development Bank (ADB) has approved a $100 million policy-based loan to support Sri Lanka’s water supply and sanitation sector reforms to enhance the country’s resilience to climate change impacts and promote long-term sustainability. The Water Supply and Sanitation Reform Program, composed of two subprograms of $100 million each, will contribute to a more…
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