Stock lists at 1,934 rupees vs IPO price of 1,960 rupees Company valued under $18 bln vs targeted $19 bln IPO was oversubscribed but failed to excite retail investors Focus on SUVs justifies buy ratings -analysts Recent India sales slowdown nothing to worry about, exec says Reuters – Hyundai Motor India shares fell as much…
Port City Colombo is progressively facilitating the growth of a robust digital ecosystem that would uplift the Sri Lankan economy. In line with the Government of Sri Lanka’s vision to establish a USD 15 billion digital economy by 2030, Port City Colombo aims to support the country’s ambitious growth targets by attracting leading technology companies…
As shoppers start to spend more digitally, fraudsters actively seek vulnerable shoppers for financial scams. Emerging digital payment frauds can catch even the most cautious users by surprise. Once trapped, how does one get out of it? Here are five effective tips from Visa to help act swiftly and minimise the risk if you’ve been…
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…
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