With its seasonal repositioning to Chennai, The Cordelia Empress is now all set to sail on its first voyage to Sri Lanka today. The Ship will set sail on its first, 4-night cruise from the port of Chennai to the Island nation, calling on at ports of Hambantota and Trincomalee before returning to Chennai. The…
In a shared mission to drive positive change and progress in Sri Lanka, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider and Japan International Cooperation Agency (JICA), entered into a strategic partnership to embark on a range of social development projects. This collaboration aims to amplify the impact of a number of ongoing projects across…
LONDON, June 5 (Reuters) – Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July to counter macroeconomic headwinds that have depressed markets. Brent crude futures were up $1.72, or 2.3%, at $77.85…
Reuters – A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange’s purportedly independent U.S. affiliate, including an account that held American customers’ funds, bank records show. U.S. lender Silvergate Bank authorized the executive, Guangying Chen, a close associate of Binance CEO Changpeng Zhao, to operate the…
Sectoral Oversight Committee on Foreign Employment & Labor instructs the Central Bank Sectoral Oversight Committee on Foreign Employment & Labor instructs the official representing the Central Bank to submit a report on the institutions in which the money pertaining to the Employees Provident Fund has been invested. This directive was given at the Sectoral Oversight…
Executive Director/Deputy CFO Ranga Abeynayake becomes Chief Operating Officer General Manager – Marketing Samitha Hemachandra appointed Deputy COO Ceylinco Life has announced the appointments of Messrs Ranga Abeynayake and Samitha Hemachandra as Chief Operating Officer and Deputy Chief Operating Officer respectively, following the creation of the two positions as part of the Company’s leadership pipeline…
Business Sentiment – Index Comes Under Pressure At best, there’s been a lull in the psyche of businesspeople; as a worst case, the time to take stock following the IMF’s US$ 3 billion Extended Fund Facility (EFF) approval on 20 March has resulted in a reality check of what Sri Lanka will have to endure…
Port City Colombo, Sri Lanka’s greenfield land reclamation project, is pleased to commemorate World Environment Day 2023 by sharing its commitment to sustainable development and environmental stewardship. Recognizing the importance of social responsibility and its impact on stakeholders, Port City Colombo has made it a key pillar of the project. This commitment is demonstrated across…
At the invitation of the International Monetary Fund (IMF) The Ceylon Chamber of Commerce recently briefed key representatives of the IMF on recent economic developments in Sri Lanka, and their impact on the country’s economic trajectory. The meeting comprised high-level representatives of the IMF Mr. Kenji Okamura, Deputy Managing Director – IMF, and Ms. Anne-Marie…
By Prof Samitha Hettige Asia’s foremost defense summit is the Shangri la Dialogue held in Singapore. SL’s Galle dialogue is expected to go on same lines. Senior defense officials come there to debate region’s security challenges & take fresh approaches together. A review of the past indicates that some members use it to teach others about…
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