Chinese leaders met two weeks back to set the nation’s economic working plan. Chinese plans to boost the economy with stimulus measures (which lifted the stock market to record highs) were announced last week. Below can be lessons for capitalists & socialists; Economy grew by 5% during Q1&2 in 2024 & market institutions predict a…
Sri Lanka’s Board of Investment (BOI) has established an online portal to streamline the clearance procedure for removing samples from zone firms with the Joint Apparel Association Forum (JAAF) and Sri Lanka Apparel Exporters Association (SLAEA), The Biyagama Export Processing Zone has officially implemented the new system, which aims to improve efficiency and transparency for…
Fitch Ratings: Fitch Ratings believes Asia Pacific (APAC) regional credit conditions could be challenged by trade protectionism, weaker economic growth and mounting geopolitical tensions if Donald Trump wins a second presidential term. Our analysis focuses on the potential for major policy shifts if the Republican candidate wins November’s US presidential election. We do not assess…
The John Keells Group is set to open doors to Cinnamon Life at City of Dreams Sri Lanka, on 15th October 2024. Developed at an investment of over USD 1.2 billion by the John Keells Group, this is the largest and most ambitious private investment in the country which will redefine our tourism landscape, catering to…
A Premier Banquet Venue at Sri Lanka’s Iconic Colombo Lotus Tower For those planning to host an event that truly stands out, Cosmic by Citrus offers a venue like no other. Located at the Colombo Lotus Tower, Cosmic by Citrus holds the title of South Asia’s tallest banquet hall, providing a unique setting for product…
In a significant move, the Colombo Stock Exchange (CSE) has introduced High-Yield Bonds, allowing companies with ratings below investment grade to raise capital by way of issuing bonds via the CSE. Unlike standard listed corporate bonds which require a minimum rating of at least one notch above investment grade, this initiative enables companies that previously…
A Unique Dining Experience with 360-degree Views at Sri Lanka’s Tallest Revolving Restaurant As the holiday season approaches, Blue Orbit by Citrus invites guests to celebrate high above the Colombo skyline with a dining experience like no other. Located at the top of the Colombo Lotus Tower, this revolving restaurant — the tallest in Sri…
Wins international pitch by Rwanda Development Board Arising from a competitive international pitch, MTI Consulting has been selected by Rwanda Development Board (RDB) to develop their 5-year Strategic Plan. The Rwanda Development Board (RDB) is a government agency in Rwanda with a vision to transform Rwanda into a dynamic global hub for business, investment, and…
John Keells Holdings PLC (JKH) has successfully concluded its Rights Issue, raising Rs. 27.43 billion, exceeding the initial target of Rs. 24.04 billion. The company had initially offered 150.26 million new ordinary shares at Rs. 160 per share on a 1-for-10 basis, with the proceeds intended to support critical projects, including its ambitious “City of…
President Anura Kumara Dissanayake has instructed officials of the Ministry of Finance to take necessary action to provide a monthly interim allowance of Rs. 3000 to all pensioners, from next week. After reviewing the delay in adding the Rs. 3000 allowance to the October pension, the President directed that this amount be credited to the…
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