Unilever Sri Lanka and the Industrial Development Board (IDB) of the Ministry of Industry and Entrepreneurship Development handed over the second round of financing to ten female micro-entrepreneurs. This is part of the 3-year MoU signed by Unilever and the IDB in 2024, to provide financial and capability support to female entrepreneurs. By the end…
The Business Standard – The Dhaka Stock Exchange (DSE), Pakistan Stock Exchange (PSX) and Colombo Stock Exchange (CSE) have signed a tripartite Memorandum of Understanding (MoU) on Thursday (27 March) in a “landmark move” to strengthen regional capital market cooperation. The agreement seeks to create an exchange forum to facilitate technology development and sharing, human resource…
Will continue to support SUN in advisory capacity as Deputy Chairman Sunshine Holdings PLC (CSE: SUN) announced that Vish Govindasamy will be stepping down from his executive role within the Group to a Non-Executive role as Deputy Chairman after an illustrious 28-year journey marked by bold leadership, transformative innovation, and deep-rooted commitment to responsible entrepreneurship….
Sri Lanka Tourism Promotion Bureau (SLTPB) hosted a landmark event at the Cinnamon Life Hotel, Colombo. The event was led by Hon. Deputy Minister of Tourism, Prof. Ruwan Ranasinghe, with the participation of SLTPB Chairman Mr. Buddika Hewawasam, officials, travel influencers and their families, as well as journalists specializing in tourism sector reporting. The gathering…
The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has increased to -2.6% in March 2025, compared to -4.2% in February 2025, according to the latest data released by the Department of Census and Statistics. Year-on-Year food inflation has increased to 0.6% in March 2025, compared to…
Fitch Ratings has assigned Sri Lanka-based State Mortgage & Investment Bank (SMIB) a first-time National Long-Term Rating of ‘BB(lka)’. The Outlook is Stable. Key Rating Drivers Intrinsic Profile Drives Rating: SMIB’s rating reflects its standalone financial strength and factors in its weaker-than- peers funding profile that has led to balance sheet mismatches. Risk controls are showing…
In a key initiative to strengthen trade and technological collaboration, the Sri Lanka Export Development Board (EDB) and Business Sweden, together with Team Sweden comprising the Embassy of Sweden, Consul General of Sweden in Sri Lanka and the Sri Lanka Food Processors Association hosted a virtual meeting on March 11, 2025. The session focused on…
Business Sentiment: Post-Budget Dip in Confide The IMF recently approved the highly anticipated disbursement of US$ 334 million – the fourth tranche under its Extended Fund Facility (EFF). Following the review, its Managing Director Kristalina Georgieva emphasised the importance of maintaining the reform agenda to decisively guide Sri Lanka towards sustainable and inclusive growth. In…
Bloomberg – Debt-for-nature swaps could be Sri Lanka’s first opportunity to raise funds after restructuring its debt, the country’s central bank Governor P. Nandalal Weerasinghe said. “That is a better form of medium-to-long term financing for the time being without going for full commercial external debt,” he said during a panel discussion moderated by Bloomberg’s Jeanette Rodrigues in Colombo…
BYD, a global leader in New Energy Vehicles (NEVs), has commenced its first customer vehicle deliveries in Sri Lanka following the lifting of import restrictions. The first batch of vehicles, imported and distributed by its authorized distributor, John Keells CG Auto (JKCG Auto), was officially handed over to customers at a special event, marking the…
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