Due to technical issues, the registration period for DV-2019 is being restarted and all entries made prior to October 18, 2017 will need to be resubmitted for the entrant to be considered. The technical issue was a failure to properly account for country of eligibility if the entrant was selecting a country of eligibility other…
The 2018 budget should continue fiscal consolidation, supported by the new Inland Revenue Act. Monetary policy should remain vigilant to pressures on inflation and credit growth. Upholding the reform momentum is key to addressing vulnerabilities and sustaining inclusive growth. After constructive discussions with the authorities in Colombo and during the Annual Meetings, an IMF staff…
Japan Bank for International Cooperation (JBIC) reiterated their support for Sri Lanka’s economic program during a meeting with Minister of Finance and Media Mangala Samaraweera. The meeting was held on the sidelines of the WB/IMF Annual Meeting in Washington, D.C. on 14th October. CEO and Executive Managing Director of JBIC, Tadashi Maeda, will lead a…
The first ever track 1.5 discourse on the Indian Governments ambitious initiative Security and Growth for All in the Region (SAGAR) was conducted in the port city of Goa, India last week end. This event was organized by Forum for Integrated National Security (FINS) in association with Ministry of External affairs, Government of India. The…
The Big Bad Wolf Book Sale which was launched in Sri Lanka from 5th – 15th October of this year at the Sri Lanka Exhibition and Convention Centre (SLECC) proved to be a success amongst the masses in the country. In keeping with their objective of promoting reading and English proficiency in countries where English…
In its latest rating review, Fitch Ratings Lanka has affirmed the National Long-Term Rating of Amãna Bank at BB(lka) with a Stable outlook. The global rating agency has commended the Bank’s asset quality, which remained relatively better in comparison to its peers whilst also maintaining an above industry CASA (Current Accounts and Savings Accounts) ratio…
Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB, A(lka)/Stable) Sri Lanka rupee-denominated proposed Basel III-compliant subordinated unsecured debentures an expected National Long-Term Rating of ‘A-(lka)(EXP)’. The debentures, totalling LKR3.5 billion, will have maturities of five years and carry fixed coupons. The debentures qualify as regulatory Tier 2 capital for the bank and include a…
Minister of Finance and Mass Media Mangala Samaraweera while attending to the WB/IMF annual meeting in Washington at the conclusion of the meeting called on Mitsuhiro Furusawa, Deputy Managing Director of the IMF and held discussion on matters of mutual interest. Furusawa joined the IMF after a distinguished career in the Japanese government, including…
Carmart, one of Sri Lanka’s pioneering auto businesses, has retained the services of MTI Consulting to chart the group’s strategic direction and to gear the business to capture the opportunities that the Sri Lankan economy will offer the transportation sector in the next 5 to 10 years. Carmart was founded in 1948 by late…
Reuters – Sri Lankan shares snapped a winning streak to end lower on Monday, slipping from their highest close in more than 10 weeks hit in the previous session, with investors booking profits in financials, brokers said. The Colombo stock index ended 0.55 percent weaker at 6,595.94, slipping from its highest close since July 31…
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