The President has appointed two senior consultants to advise on economic affairs and finance, as per the powers vested in him by Article 41 (1) of the Constitution. The appointments, made in consultation with the Cabinet of Ministers, have been confirmed effective from September 24, 2024. Mr. Duminda Hulangamuwa and Dr. A.A.J. Fernando have been…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) entered into negative teritory, recording a deflation of 0.5% in September 2024, for the first time since September 2015. Food category recorded a deflation (Y-o-Y) of 0.3% in September 2024 compared to the inflation of 0.8% in August 2024. Further, Non-Food category also recorded a…
Airline concludes 2024 Passenger Sales Conference, a four-day event filled with forward-thinking discussions and inspirational sessions focused on the future Over 850 Emirates commercial team members from around the world convened in Dubai this week for the airline’s Passenger Sales Conference 2024 under the banner of ‘Next Era – Equip, Embrace, Excel’. This biannual event…
Export Performance in August 2024 As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in August 2024 amounted to US$ 1,165.4 million, recorded an increase of 4.18 % compared to the month of August 2023. This was mainly due to the increase in earnings from export of Apparel &…
The Communist Party of China (CPC) formed the Peoples Republic of China (PRC) on 1st October 1949 & PRC thus celebrates its 75th anniversary on 1st October 2024. Communist Party lead government built world’s 2nd largest economy while delivering domestic demands to a population which is approx 1/5 of global population. This is a good…
BCT to develop further and market Temenos Country Model Banks, providing enhanced local functionality and service capability for financial institutions in India, Sri Lanka, Nepal, Bangladesh, Cambodia, Philippines, Taiwan Temenos (SIX: TEMN) today announced that it has signed a Multi-Country Model Bank development agreement with Bahwan CyberTek (BCT), a global digital transformation company. Temenos Country…
A white collar worker surnamed Wang in her 20s, based in Wuhan, Central China’s Hubei Province, starts her day by waking up and sitting before a made-in-China “magical mirror” or a mirror device powered by domestically developed artificial intelligence (AI) technology that scans her face and analyzes her health condition in real-time. After breakfast, she hails a Robotaxis from…
Records highest number of transactions in country’s trade and supply chain finance domain between 1st July 2023 and 30th June 2024 The Asian Development Bank (ADB) has honoured Commercial Bank of Ceylon as its ‘Leading Partner Bank’ in Sri Lanka for trade and finance transactions for the fourth consecutive year. This noteworthy reiteration of Commercial…
Business confidence turned around ahead of an election fraught with uncertainty With a new presidential term taking effect for the next five years, Sri Lanka stands at a pivotal moment, eagerly anticipating the developments and decisions that will shape its future. The business community in particular will be closely watching the unfolding events as the…
Sri Lanka Tourism Promotion Bureau, as the main stakeholder for promoting Sri Lanka all across the Globe celebrated the World Tourism Day on 27th September 2024, with simplicity and elegance, by offering sweets, gifts and memorabilia to each tourist who arrived at the Airport to mark the occasion. A special celebration was held at the…
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