The World Bank Group Wednesday announced a major initiative to support job creation and unlock private sector growth in Sri Lanka, backed by more than $1 billion in financing over three years. The package targets sectors with high potential for employment and investment—energy, agriculture, tourism, and regional development. The initiative aims to expand economic opportunity,…
President of the World Bank Group Ajay Banga met with President Anura Kumara Dissanayake Wednesday afternoon (07) at the Presidential Secretariat in Colombo. This visit marks a milestone, as it is the first time in nearly two decades that a World Bank Group President has visited Sri Lanka. During the meeting, discussions centred on strengthening collaboration…
Reuters – The head of China’s securities regulator said on Wednesday that U.S. tariff policy has brought great pressure to China’s capital markets and will forcefully promote long-term capital into the stock market. The attractiveness of Chinese assets is increasing amid global uncertainties, Wu Qing, chairman of China Securities Regulatory Commission, told a news briefing….
World Bank Group President Ajay Banga is scheduled to visit Sri Lanka on Wednesday, May 7, marking the first presidential visit by a World Bank chief to the island nation in nearly two decades. The visit, taking place at a pivotal moment in Sri Lanka’s economic recovery, follows an invitation extended by President Anura Kumara…
Browns Investments PLC (BIL) announced that its subsidiary, Browns Power Holdings (Pvt) Ltd (BPH), has acquired a 100% equity stake in FLMC Plantations (Pvt) Ltd (FLMC) for a total consideration of LKR 4.8 billion. The transaction was executed on May 5, 2025, through a Share Sale and Purchase Agreement with Damro Manufacturing (Pvt) Limited and…
The Central Bank of Sri Lanka (CBSL) launched the Sustainable Finance Roadmap 2.0 on 05 May 2025 at the Atrium of CBSL, marking a key milestone in its continued efforts to foster a climate-resilient and socially inclusive financial system. Recognising the growing implications of climate-related risks on price stability and financial system stability, CBSL introduced…
At the invitation of His Excellency Luong Cuong, President of the Socialist Republic of Vietnam, President Anura Kumara Disanayake, who is currently on a state visit to Vietnam, extended an open invitation to Vietnam’s leading conglomerate, Vingroup, to explore investment opportunities in Sri Lanka’s real estate and tourism sectors. While congratulating the Vingroup for their…
Launched in 2003 by Skype Technologies in Luxembourg, Skype was among the earliest mainstream applications to leverage Voice over Internet Protocol (VoIP) NDTV – Long before Zoom meetings, WhatsApp calls, and Google Hangouts, there was Skype – a free platform allowing people across the globe to hear and see each other with just a computer…
The Asian Development Bank (ADB) announced plans to expand its support to long-term food and nutrition security in Asia and the Pacific by $26 billion, bringing its total funding for food security initiatives to $40 billion over 2022–2030. The assistance will fund a comprehensive program spanning the entire food production process—from farming and processing—to distribution…
From April 9th to 11th, 2025, Cinnamon Life, City of Dreams became the stage for DWP Privé, an exclusive gathering of the world’s most celebrated luxury wedding planners and suppliers. As the first edition of DWP Privé in Colombo, the event marked a milestone for Sri Lanka, showcasing its rise as a premier destination for…
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