We are entering what is widely referred to as the 4th Industrial Revolution, an era where the development of new materials, breakthroughs in the field of genetic engineering and digital transformation are increasingly blurring the lines between the physical, biological and digital worlds. With multiple industries being disrupted, those without the relevant skills for…
(Reuters) * S&P says Sri Lanka ‘B+/B’ ratings affirmed; outlook remains negative * During 2017-2020, expect fiscal consolidation to reduce borrowing further * High external debt, and low reserves continue to make sri lanka vulnerable to external shocks * Project annual growth in general government debt to average 4.4% of GDP for 2017-2020 * Forecast…
A staff team from the International Monetary Fund (IMF) led by Jaewoo Lee visited Colombo during February 21-March 7, 2017 to hold discussions on the second review of the Sri Lankan authorities’ economic program that is being supported by a three-year Extended Fund Facility (EFF). The program aims to support the authorities’ ambitious reform agenda…
Leading conglomerate, John Keells Holdings PLC (JKH) continued to power the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) with yet another lead sponsorship, in an effort to help the professional body continue to develop and enhance the accounting profession in the country. JKH Group Finance Director Mr. Ronnie Peiris said that JKH…
As part of its economic diplomacy role, the Ministry of Foreign Affairs has undertaken a unique initiative to design and implement an online Economic Diplomacy Course catering to Sri Lanka’s specific economic needs and challenges. This Course is a result of the Foreign Ministry’s collaboration with the Department of Commerce and Harvard University, one of…
In recognition of its 150th year of Ceylon Tea, the Planters’ Association of Ceylon released a comprehensive list of the most recently available corporate sector data on the tea industry with a view towards providing a more comprehensive understanding of the present state of the country’s regional plantation companies and their contribution to the wider…
Honorable David Bennett, New Zealand’s Minister of Food Safety and Veteran Affairs, who was in Sri Lanka on a three day visit along with a business delegation visited the Ceylon Chamber of Commerce this morning. (07th March, 2017). David, who made a brief visit to the Chamber also observed the happenings of the ‘Colombo Tea…
VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd., and a leading worldwide provider of information technology (IT) consulting and outsourcing services, announced that, Madu Ratnayake, executive vice president, CIO and head of business process excellence, has been recognized as one of India’s Top 50 CIOs in the latest edition of…
The staff, patients, and senior management of Hemas Hospital Thalawathugoda welcomed a landmark visit from the President of the Republic of Seychelles, His Excellency, Danny Faure. During his visit – which notably constituted the very first international visit from a Head of State to a private hospital in Sri Lanka – Faure met with…
Reuters: Sri Lanka has met all targets set by the International Monetary Fund (IMF) for its $ 1.5 billion loan, except the net internal reserves (NIR), Finance Minister Ravi Karunanayake said on Monday. The global lender had a two-week-long review discussion on the island nation’s present economic and financial situation, ever since it disbursed the…
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