In the aftermath of President AKDs visit many are talking about the Indo – Lanka joint statement to foster partnerships for a shared future (Ref. Media). Among the key points customized training & greater connectivity for bilateral growth are mentioned. Accordingly among other points, 1500 Sri Lankan civil servants shall be trained through National Centre…
The United States through the United States Agency for International Development (USAID) is proud to announce the successful completion of the first certificate program in migration law and policy in Sri Lanka by 69 professionals who now have the tools and knowledge to take the fight against human trafficking back to their communities. The six-month course was…
Moody’s Ratings (Moody’s) has today (23) upgraded the Government of Sri Lanka’s long-term foreign currency issuer rating to Caa1 from Ca. The outlook is stable. Previously, the rating was on review for upgrade. The decision to upgrade the issuer rating to Caa1 is driven by the conclusion of the restructuring of Sri Lanka’s international bonds…
The Sri Lanka Export Development Board (EDB) reports a notable 13.08% growth in export earnings from coconut-based products for November 2024. These earnings increased from $62.06 million in November 2023 to $70.18 million in November 2024. Cumulative earnings for the January to November 2024 period also rose by 19.86%, reaching $782.32 million compared to $652.70…
Janashakthi Insurance PLC has announced the appointment of Annika Senanayake as the new Chairperson, effective 01 January 2025. Annika, with over 15 years of extensive experience at the IWS Holdings Group, a diversified conglomerate, involved in sectors that include telecommunications, warehousing and logistics, media and broadcasting, automobiles, aviation, warehousing, food and beverage processing and packaging,…
Export Performance in November 2024 Total exports for November 2024, including both merchandise and services, were recorded at US$ 1,269.33 million, reflecting a marginal increase of 0.04% compared to the same period in 2023. As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in November 2024 amounted to US$…
In a landmark achievement for the Sri Lankan stock market, the All Share Price Index (ASPI) of the Colombo Stock Exchange exceeded 15,000 units at 10:24 a.m. today (24th). By 11:15 a.m., the index had advanced by 212 points to reach 15,022.77, with a recorded turnover exceeding Rs. 3.84 billion.
The Sri Lanka Export Development Board (EDB) in collaboration with the Embassy of Sri Lanka in France, successfully organized Sri Lanka’s participation at SIAL Paris 2024 – one of the world’s leading F & B exhibitions held once every two years in France – which took place from 19th to 23rd October, 2024, in Paris….
The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) in association with the Stock Broker industry, will host the “Invest Sri Lanka” Capital Market Investor Forum on 27th and 28th March 2025, at the Shangri-La Hotel in Colombo. The event is aimed at promoting investment in the Sri Lankan…
Relief Measures to Assist the Affected Small and Medium Enterprises The Central Bank of Sri Lanka issued a Circular to Licensed Banks on 19.12.2024, highlighting relief measures to be provided to the Small and Medium Enterprises (SMEs) affected due to the Easter Sunday attack, COVID-19 pandemic, and the extraordinary macroeconomic conditions that prevailed during the…
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