Former Governor of the Central Bank of Sri Lanka (CBSL), Dr. Indrajith Coomaraswamy, addressed allegations regarding the surge in International Sovereign Bond (ISB) borrowings during his tenure that led to the country’s debt default, clarifying that much of the debt was used for liability management and to avert an earlier default. Speaking at a public…
AP – The van makes its way slowly but surely through the city streets, braking gently when a car swerves into its lane. But its steering wheel is turning on its own, and there’s no one in the driver’s seat. The driverless technology from Nissan Motor Corp., which uses 14 cameras, nine radars and six LiDar…
The Central Bank of Sri Lanka has announced that the country received US$ 548.1 million in workers’ remittances during February 2025. According to the Central Bank’s Weekly Economic Indicators Report, the total remittance inflow for the first two months of 2025 amounted to US$ 1,121.1 million (US$ 1.12 billion). This marks a 16.3% increase compared…
The Sri Lanka Export Development Board (EDB) successfully organized a country pavilion at BioFach 2025, the world’s largest annual organic trade fair, held from 11th to 14th February 2025 in Nuremberg, Germany. Nine Sri Lankan export companies participated in the event, showcasing a diverse range of certified organic agricultural products, including food & beverages, spices,…
Marking a decade of collaboration, the International Finance Corporation (IFC) – a member of the World Bank Group – partnered with the Colombo Stock Exchange (CSE) and global partners to ring the opening bell, reaffirming their commitment to advancing women’s economic empowerment and leadership in Sri Lanka. This annual initiative, aligned with International Women’s Day,…
The ‘Invest Sri Lanka’ Capital Market Investor Forum 2025, hosted by the Colombo Stock Exchange (CSE) in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC) and the Stockbroker industry is scheduled to take place on 27th and 28th of March 2025 at the Shangri-La Colombo. The forum will feature high-ranking officials, including…
At MWC Barcelona 2025, the Broadband Development Congress (BDC), hosted by the World Broadband Association (WBBA), was a resounding success. Themed “Smarter Broadband: Investment. Innovation. Intelligence,” the congress attracted over 200 industry leaders from global industry organizations, standards organizations, government agencies, carriers, and device vendors. Attendees exchanged views on key issues, including the Net5.5G evolution…
First Capital Holdings PLC (the Group), a leading financial solutions provider, has reported a Total Comprehensive Income of Rs. 4.53Bn for the nine months ended 31 December 2024, demonstrating its ability to capitalise on market opportunities and drive sustained growth. While last year’s bottom-line result of Rs. 9.35Bn was bolstered by extraordinary gains from falling…
Fonterra Brands Lanka continues to promote equal opportunity, diversity, and inclusion in dairy farming, in line with this year’s International Women’s Day theme, ‘Accelerate Action.’ Through its Women Dairy Farmer Empowerment Program, Fonterra is fostering industry-wide collaboration to equip women with the skills, resources, and networks needed to excel in a traditionally male-dominated sector. Launched…
In the heart of Sri Lanka’s bustling apparel sector, where fabrics are woven into garments that travel the world, a quieter revolution is taking place. This revolution isn’t marked by grand speeches or flashy headlines. This transformation isn’t driven by grand speeches or flashy headlines. It unfolds quietly, one story at a time, as a…
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