On 28 November, Global apparel-tech conglomerate MAS and the United Nations Population Fund (UNFPA) signed a Memorandum of Understanding (MOU). This partnership marks the beginning of a year-long collaboration aimed at supporting women’s health and reproductive health. The MOU consolidated a shared vision between MAS and UNFPA to increase investment into women’s health and wellbeing….
A high-level business delegation from the Southern Gujarat Chamber of Commerce and Industry (SGCCI) recently visited the Ceylon Chamber of Commerce to strengthen the existing collaboration between the two Chambers thereby facilitating trade and investment ties between India and Sri Lanka. During the visit, which was facilitated by the Consulate General for Sri Lanka in…
The Colombo Stock Exchange (CSE) has warned five companies of impending trading suspensions due to regulatory non-compliance. ODEL PLC, Softlogic Capital PLC, Standard Capital PLC, Softlogic Holdings PLC, and Blue Diamonds Jewellery Worldwide PLC have until December 6, 2024, to submit their overdue annual reports for the financial year ending March 31, 2024. Failure to…
Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction) rebounded in October 2024, recording a Total Activity Index value of 54.3. Many respondents mentioned that the operations in construction projects regained momentum in October, following the resolution of election-related uncertainties. New Orders index continued to increase, reflecting the sustained availability of construction work. Many…
By Jithendra Antonio Amidst the sweeping wave of digital transformation, Sri Lanka stands at a consequential inflection point. While government decisions often rely on experience and tradition, the power of data can unlock solutions grounded in real-time evidence, directly addressing the needs of the people. Data-driven governance has proven transformative globally streamlining services, tackling corruption,…
By Rashmi Anupama, Chaya Dissanayake, and Dr Asanka Wijesinghe In a mid-October 2024 meeting with the European Union (EU) Ambassador, Sri Lanka reaffirmed its commitment to strengthening trade relations with the EU, particularly highlighting the role of the GSP+ programme in boosting Sri Lankan exports. This discussion underscores the significance of the GSP+, which offers…
Bloomberg – Moody’s Ratings is reviewing Sri Lanka’s sovereign credit rating for an upgrade as the nation is set to complete the restructuring of its dollar bonds. The rating company assigned the new dollar bonds that Sri Lanka is offering to swap for old debt a (P) Caa1 rating, it said in a statement on…
– Sri Lanka to Host World Bank’s South Asia Integrated Office by 2025 – Sri Lankan Government’s Focus on Poverty Alleviation, Digitalization and Economic Growth – Advancing Education and Health in North and East Sri Lanka A virtual meeting was held yesterday (27) between President Anura Kumara Dissanayake and the President of the World Bank…
The Supreme Court of Sri Lanka has dismissed three Fundamental Rights Applications Nos. 198/2024, 254/2024, and 263/2024, which challenged opening of the Initial Public Offering (IPO) of LTL Holdings Limited on the Colombo Stock Exchange (CSE). Upon hearing the submissions of all the Petitioners and the Respondents, the Supreme Court before Hon Chief Justice Murdu…
In a remarkable achievement that reflects both operational excellence and dedication, the NW Logistics and Management (Pvt) Ltd fuel station, managed by Ninewells Hospital, has reached a significant milestone in fuel distribution. This station has attained the highest fuel sales within the Colombo district and the second-highest fuel sales across the entire island for October…
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