Expands financial access, providing customers worldwide with fast, secure and near real-time payments MoneyGram, a financial technology company creating trusted global payments and financial solutions for an increasingly connected world, and Mastercard (NYSE: MA) have joined forces to advance digital money movement both domestically and across borders. MoneyGram is implementing Mastercard Move, Mastercard’s portfolio of money transfer solutions,…
Expertise France, in collaboration with the Colombo Stock Exchange (CSE), hosted a pivotal Stakeholder Consultation Session on “Challenges for Issuing Corporate Green Bonds in Sri Lanka” at the Galle Face Hotel, Colombo, engaging over 75 participants. The consultation was organized within the framework of the EU Green Recovery Facility, a four-year initiative funded by the…
Today, a pivotal discussion was hosted at the Ministry of Foreign Affairs to explore innovative ways to promote Sri Lanka as a premier destination for weddings. Organized jointly by the Sri Lanka Convention Bureau and the Sri Lanka Tourism Promotion Bureau, the event brought together key stakeholders from the tourism, events, and hospitality sectors. Tourism…
The higher trade tariffs imposed by the United States on Sri Lanka can put a significant number of jobs in the country’s apparel industry at risk in the near future, warns Professor Wasantha Athukorala from the Department of Economics and Statistics at the University of Peradeniya. On Wednesday, US President Donald Trump announced a sweeping…
United States President Donald Trump on Wednesday announced a sweeping set of reciprocal tariffs, imposing a baseline 10 per cent tax on all imports and significantly higher rates on dozens of countries with which the US runs trade deficits. The sweeping duties, which drew bewildered condemnation from many long-standing U.S. allies who found themselves tagged…
The Food Policy and Security Committee has recommended the importation of rice in the near future to ensure an uninterrupted supply for consumers. A notable increase in rice prices has been observed in the market, along with reports of shortages in certain rice varieties, despite the current harvest season. Given this situation, discussions were held…
Bloomberg – Sri Lankan renewable energy producer Vidullanka Plc is planning to sell the nation’s first publicly listed Sukuk bond in coming weeks after efforts by the local bourse to kick start an Islamic finance market. Vidullanka, listed on the Colombo Stock Exchange, is seeking to raise 500 million Sri Lankan rupees ($1.7 million), with the potential…
Emirates has announced that Colombo will be among the next eight destinations to be served by the airline’s B777s with upgraded cabins, as the airline’s retrofit programme continues to progress at an impressive pace, with an aircraft receiving a nose-to-tail facelift and rolling out into service every three weeks. Colombo is set to receive the…
ACL Cables PLC, the no.1 cable company in Sri Lanka has announced key changes to its Board of Directors, reinforcing the commitment to strong governance and strategic growth. Effective January 1, 2025, respected professionals Emeritus Professor Kulatilleke Arthanayake Malik Kumar Ranasinghe as Independent Non-Executive Director and Senior Independent Director and Wickramasinghe Pathiranage Kusal Jayawardana as…
A new government initiative aimed at ensuring food security and making nutritious meals affordable for the public was officially launched yesterday (01) at the “Palessa” restaurant of the National Food Promotion Board in Narahenpita. This project is being implemented in collaboration with the National Food Promotion Board, the Ministry of Health, and the Ministry of…
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