Mr. Nishantha Hewavithana, Senior Vice President of the Research & Strategy Division at the Colombo Stock Exchange (CSE), provides a brief overview of the evolving landscape of sustainability, its interconnected dimensions, and the pivotal role corporations can play in building a sustainable future. What is Sustainability? Is it achievable? Sustainability, defined by the UN in…
Dialog Axiata, in collaboration with SDMC, proudly showcased its innovative Smart Home Solutions at the Google 2024 APAC TV Summit, demonstrating the successful deployment of Android TV and Smart Home capabilities in Sri Lanka. Notably, Dialog was the only Sri Lankan brand invited to present at this prestigious event, a testament to its leadership in…
The Ceylon Chamber of Commerce announces that its flagship event, the Sri Lanka Economic Summit, originally scheduled for November 2024, has been rescheduled to January 28 and 29, 2025, in light of the forthcoming General Election. Under the theme ‘Shaping Sri Lanka’s Future: Transformational Growth Rooted in Sound Economic Policies,’ the Summit will provide an…
Sri Lanka’s unified proposal titled ‘One Vision, One Shield: Sri Lanka’s Integrated One Health Pandemic Preparedness & Response’ was among the selected recipients during the Pandemic Fund’s second round of funding allocation. Five implementing agencies (FAO, ADB, WB, WHO, and UNICEF) jointly supported the development of the proposal with the One Health stakeholders in Sri…
By Chandula Idirisinghe and Nishamini Ihalagedara In 2023, Sri Lanka’s goods and services exports made up nearly 20.4% of GDP, with manufacturing exports contributing 14%. However, the country’s merchandise export mix remains highly concentrated, with 77% of export income coming from industrial goods, mainly apparel, and just 22% from agricultural exports. This lack of sufficient…
At the 2024 Annual Meetings of the International Monetary Fund (IMF) and World Bank Group in Washington, D.C., IMF Managing Director Kristalina Georgieva met with Sri Lanka’s delegation, led by Central Bank Governor Dr. Nandalal Weerasinghe. During the meeting, Georgieva expressed her support for Sri Lanka’s ongoing reform efforts and commended the government’s commitment to…
By Prof. Samitha Hettige Political ‘Retirement’ & ‘Rest & Recuperation’ are hot topics in the run-up to the 2024 General Election. Retirement is the ‘act of stop working & leaving a job, usually due to old age (Ref. Cambridge). ‘Rest & Recuperation’ (R&R) is a practice where individuals can take regular authorized time off to…
Fitch Ratings: Sri Lanka’s economic recovery, moderating inflation, and lower interest rates are poised to spur finance and leasing companies’ (FLCs) performance in the financial year ending March 2025 (FY25), says Fitch Ratings in a report. The loan growth will also be supported by further relaxation of vehicle import restrictions imposed since 2020 to preserve…
Reuters – The punishing post-COVID wave of sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka and Zambia concluding years of painful debt reworks. But the International Monetary Fund and others worry that a dangerous liquidity shortfall could take its place in many emerging economies – setting back development, stunting climate change…
Sri Lanka Tourism is all set to make a grand entry at the upcoming World Travel Market (WTM) 2024 in London, UK, as the country’s tourism industry is poised for promising growth and development. The largest-ever trade delegation will represent Sri Lanka at this year’s show, with a historical record number of over 100 travel…
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