The Commercial Bank of Ceylon has announced the launch of Host-to-Host (H2H) payment services for corporate clients as the latest addition to ComBank Digital Enterprise Solutions – the Bank’s comprehensive and powerful suite of cutting-edge digital banking solutions for SMEs and corporates. H2H is an automated and secure solution that integrates directly with a corporate…
The Central Depository Systems (Pvt) Limited (CDS) and Sampath Bank PLC have entered into a significant partnership to enhance the efficiency of dividend disbursement services for listed companies on the Colombo Stock Exchange (CSE). By combining their expertise, CDS and Sampath Bank aim to strengthen the capital market infrastructure and enhance the experience for listed…
Having an empowered, high performing CEO should be the Chairperson’s KPI It is certainly encouraging and augurs well that the Government has brought in top professionals of high integrity to be Chairpersons of SOEs. However, the Government should pay greater attention to the caliber of CEOs in the State-Owned Enterprises (SOEs), because they are the…
Ambassador of Sri Lanka to the Hashemite Kingdom of Jordan, J.A.D.S. Priyangika Wijegunasekara engaged in discussions with the Chairman of the Al-Salt Chamber of Commerce of Jordan, Saad Bazbaz Al-Hayari, on further enhancing trade and economic cooperation. The meeting was held on 09 October 2024. Established in 1883, the Al-Salt is one of the oldest chambers in…
C. W. Mackie PLC recently signed a strategic partnership agreement with the Ministry of Agriculture and Plantation Industries, the Agricultural Sector Modernisation Project, and 2K Agro Products Limited. The project is funded by the European Union (EU). Celebrating a remarkable milestone in a journey that began in 2018. C. W. Mackie PLC has shown a…
South Asia’s First Independently Verified SLFRS S1 and S2 Compliant Report Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has published its 16th Annual Sustainability Report, detailing the company’s Environmental, Social, and Governance (ESG) performance for the financial year from January 1, 2023, to December 31, 2023. This report underscores Dialog’s commitment to sustainability and…
Mr. Mangala Wijesinghe officially assumed duties as the 16th Chairman of the Sri Lanka Export Development Board (EDB) on today (16) at the EDB headquarters. Upon assuming his new role, Mr. Wijesinghe addressed the staff of the Export Development Board: “We should diversify and focus more on high-tech industries like electronics and pharmaceuticals, similar to…
The Sri Lankan government has reported a significant rise in revenue for the first eight months of 2024, with total government revenue, including grants, increasing by 40.5%. This growth amounted to Rs. 2,565.9 billion, a sharp increase from Rs. 1,826.6 billion collected during the same period in 2023. The rise was largely driven by a…
GSCS International Ltd, with a global presence in over 35 countries, offers steady, sustainable, and enduring development as a provider of certification, assessment, audit, verification, inspection, and capacity-building services. GSCS International – Sri Lanka successfully organized the SustainSphere 2.0 program, aimed at innovating tomorrow’s industry through sustainability. Held in Sri Lanka, the event attracted a…
Sri Lanka’s interest payments on both foreign and domestic debt reached Rs. 1,559.7 billion during the first eight months of 2024, according to the Pre-Election Budgetary Position Report 2024 issued by the Ministry of Finance, Economic Development, and Tourism. The report, released under Section 52 of the Public Financial Management Act, highlights a 2.2% increase…
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