The Group of 24 (G-24), during a press conference at the Annual Meetings of the International Monetary Fund (IMF) and World Bank Group, highlighted the notable progress Sri Lanka has made in its economic recovery while advocating for more inclusive global debt resolution frameworks to further assist middle-income countries like Sri Lanka. Responding to a…
The Securities and Exchange Commission of Sri Lanka (SEC), in collaboration with the Colombo Stock Exchange (CSE), conducted an Investor Forum in Matale on 23rd October 2024 at The Grand Mountain Hotel, Matale. The forum is part of an ongoing effort to raise awareness on investor protection and emphasize the importance of educating the public…
The SLASSCOM AI Asia Summit 2024 is set to return on November 5, 2024, as the premier event for AI enthusiasts, innovators, and business leaders across Asia. Powered by Deloitte, this year’s event promises cutting-edge keynotes, insightful panel discussions, and hands-on breakout sessions that will explore AI’s transformative impact on various industries. Since 2018, the…
The aviation sector supported 27% of Dubai’s GDP in 2023, with an economic contribution of AED 137 billion (USD 37.3 billion) – which is set to rise to almost a third of Dubai’s GDP by 2030. The total aviation sector impact includes the sector’s core impact as well as the catalytic impact of aviation-facilitated tourism…
Elevating Sri Lanka’s Economic Profile: The Strategic Role of Colombo Port City SEZ The Colombo Port City Special Economic Zone (SEZ) is rapidly establishing itself as a leading regional business hub in South Asia, offering a modern legal framework and a business-enabling environment designed for investors to thrive. Positioned as a competitive alternative to established…
Sri Lanka Insurance Corporation (SLIC) is pleased to announce the appointment of Mr. Nusith Kumaratunga as the new Chairman, with effect from 18th of October 2024. Mr. Kumaratunga assumed official duties on 22nd October 2024. A seasoned professional with extensive experience in finance, management, and entrepreneurship, Mr. Kumaratunga brings a wealth of knowledge and expertise…
Contingent debt instruments used in Zambia, Ukraine, Sri Lanka Instruments will be discussed at IMF World Bank in Washington BIS research shows past instruments have been costly for issuers Reuters – The recent cascade of countries defaulting on their debt has brought back into vogue complex securities – born in the 1980s – that aim…
Reuters – Israel’s national security council on Wednesday called on Israelis to immediately leave some tourist areas in southern Sri Lanka over the threat of a possible terrorist attack. The agency said the warning pertained to the area of Arugam Bay and beaches in the south and west of Sri Lanka, and stemmed from “current…
Sri Lanka Tourism extends a warm invitation to travelers from around the world to visit Sri Lanka during the upcoming tourist season. We ensure that all tourists can enjoy a safe and secure experience while exploring the beauty of our island. The highest levels of safety and security will be maintained for all visitors throughout…
In a significant step towards strengthening trade and economic relations between Sri Lanka and Hong Kong, the Hong Kong Trade Development Council (HKTDC) and the Export Development Board (EDB) have come together to host a landmark Roadshow at The Kingsbury Hotel, Colombo on 11th October 2024 . The Roadshow aims to strengthen trade and economic…
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