World Bank Group President Ajay Banga announced that Nobel laureate Michael Kremer has been appointed as World Bank Group Chief Economist and Senior Vice President for Development Economics, bringing one of the world’s foremost development economists to lead the institution’s research, data, and analytical agenda. Kremer is known not only for tackling real-world problems through…
Agreements span next-generation engine maintenance, MRO support and digital aviation as Vietjet expands its fleet and operations including Sri Lanka, and globally Vietjet has expanded its strategic partnerships with Thales and CFM International across maintenance, repair and overhaul (MRO), aircraft component support, digital aviation, artificial intelligence (AI) and cybersecurity. These capabilities will support Vietjet’s expanding…
HNB PLC, Sri Lanka’s leading private sector bank, has enabled online payments to all government institutions connected to LankaPay’s Online Payment Platform via its Transaction Banking (TxB) platform with effect from 1 September 2026, allowing every HNB TxB client across the SME, Business Banking, Emerging Corporates and Corporate Banking segments to make payments to government…
The Colombo Stock Exchange (CSE) has received the ‘Great Place to Work’ Certification’ for the 5th consecutive year in a row. Since 2022 the bourse has been continually awarded the certification in recognition of its commitment to providing a welcome, inclusive and safe environment. “At CSE, our people remain our greatest strength.” remarked Mr. Rajeeva…
By: Bikram Dasgupta, EY GDS Consulting Technology Sector and AI Innovation Leader The future is being shaped by a generation growing up alongside artificial intelligence (AI), biotechnology, and quantum computing. For Sri Lanka, however, the opportunity is not to replicate the scale of the world’s largest technology hubs. It is to turn the country’s talent,…
Aitken Spence Hotel Holdings PLC announced that its maiden listed, rated, unsecured, senior redeemable debenture issue was oversubscribed on its opening day, 15th September 2026. The Company sought to raise Rs. 3 billion through an initial issuance of 30 million debentures at Rs. 100 each, with an option to issue a further 20 million debentures…
Reuters – Stocks edged higher in Asia on Wednesday as a respite in the global bond selloff and a drop in oil prices steadied nerves ahead of a pivotal Federal Reserve decision later in the day. After a shaky start, MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.5%, snapping a four-day losing…
The Central Bank of Sri Lanka (CBSL) successfully hosted its inaugural Reserve Management Conference on 10 -11 September 2026 at The Kingsbury, Colombo. This distinguished gathering brought together leading central bankers, sovereign asset managers, policymakers, economists and investment professionals to exchange perspectives on the evolving global challenges and opportunities shaping official reserve management. Approximately 50…
In a strategic move to expand Sri Lanka’s export footprint, the Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka High Commission in the Maldives and key private sector partners, organized a dedicated Sri Lanka Country Pavilion at the Food and Hospitality Asia Maldives (FHAM) 2026 held from 07th – 09th September…
For thirty years, Sri Lanka’s apparel industry has quietly powered the country’s export economy accounting for roughly 40% of merchandise export revenue and employing 300,000 to 350,000 people. That scale wasn’t accidental. It was built through deliberate government-industry planning dating back to the early 1990s. The first transformation, anchored by the 200 Garment Factories Programme,…
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