The Managing Director of the International Monetary Fund (IMF), Mrs. Kristalina Georgieva, extended her congratulations to Honourable Anura Kumara Dissanayake on his election as the new President of Sri Lanka. In her special message, Mrs. Georgieva reaffirmed the IMF’s commitment to remaining a strong partner to Sri Lanka and expressed her hope to further strengthen…
The Hambantota International Port Group (HIP) was honoured as one of Sri Lanka’s most outstanding Women Friendly Workplaces at the Women Friendly Workplace Awards 2024. The Women Friendly Workplace Awards, organised by leading women’s magazine Satyn in collaboration with AICPA & CIMA, recognized more than 30 companies across various industries for their efforts in promoting…
The Sri Lanka Banks’ Association (SLBA) has congratulated President Anura Kumara Dissanayake on his election to the Presidency and assured him of the fullest support of the banking sector for the challenging journey ahead. In a congratulatory note, the Association, which represents all licenced banks in Sri Lanka, said: “The essential political and social stability…
Fitch Ratings: Fitch Ratings has affirmed Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘RD’ (Restricted Default) and Long-Term Local-Currency IDR at ‘CCC-‘. Fitch typically does not assign Outlooks to issuers with a rating of ‘CCC+’ or below. A full list of rating actions is at the end of this rating action commentary. Key…
International rating agency Moody’s says that they do not expect any significant shifts in Sri Lanka’s reform trajectory or policies, “although some reprioritisation is likely.” Issuing a special statement, the rating agency said the country’s political change is unlikely to derail the reform trajectory but underscores fiscal consolidation challenges. Political change unlikely to derail reform…
The Sri Lanka Gem and Jewellery Association (SLGJA) the apex body and the voice of the country’s Gem and jewellery industry, with great pride and respect extends heartfelt congratulations to His Excellency on being sworn in as the 9th President of the Democratic Socialist Republic of Sri Lanka. SLGJA is built on a vision to…
Sri Lanka made a strong impression at this year’s International French Travel Market (IFTM) in Paris, showcasing the island’s rich tourism offerings alongside 26 prominent companies and SriLankan Airlines. The Sri Lanka Pavilion was officially inaugurated by H.E. Manisha Gunasekara Ambassador of Sri Lanka to France, accompanied by Mr. Chalaka Gajabahu, Chairman of the Sri…
Janashakthi Life, a leading life insurance provider in Sri Lanka, is pleased to announce exceptional financial results for the first-half of 2024. The company achieved record-breaking growth across key performance indicators, with a notable 45% increase in Gross Written Premiums (GWP) compared to the period under review in 2023. This significant growth reflects the company’s…
DFCC Bank has made history again by successfully concluding Sri Lanka’s first-ever Green Bond issuance, which was heavily oversubscribed on its opening day, 12th September 2024. This is a significant milestone for the country’s financial sector, underscoring DFCC Bank’s unwavering commitment to sustainability. The Issue represents a substantial boost for the nation’s solar energy sector,…
A Vision for Digital Transformation to achieve USD 15 billion contribution to GDP from the digital economy by 2030. The Federation of Information Technology (Guarantee) Limited (FITIS) extends its warm congratulations and conveys its best wishes to the newly elected President of Democratic Socialist Republic of Sri Lanka, Hon. Anura Kumara Dissanayake. As the apex…
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