Officials from 10 National Standards Bodies (NSBs) representing ten member countries convened in Colombo today for the 30th plenary meeting of the International Organization for Standardization’s (ISO) Technical Committee on Tea (ISO TC 34/ SC 8). Hosted by the Sri Lanka Standards Institution (SLSI) with support from the European Union-funded BESPA-FOOD project and implemented by…
The census for the second phase of the “Aswesuma” Welfare Benefit Program is scheduled to be completed by July 31. Additionally, for families who missed the opportunity to apply during the first phase, applications were called again in February, resulting in approximately 454,924 new applications. The census work related to these applications has already begun,…
The signing of the Memorandum of Understanding (MoU) for the provision of interest-free loans to agribusiness entrepreneurs and farmers under the first phase of the Agriculture Modernization Program took place Monday (22) at the Presidential Secretariat. The MoUs were signed between the Bank of Ceylon, the Regional Development Bank who are the key contributors to…
The initial public offering (IPO) of shares of Sri Lanka’s leading integrated manufacturer of specialized cables, Cable Solutions Limited, will open today, 23rd of July 2024, at 09.00am. Managed by Asia Securities Advisors (Private) Limited, the issue will see a total of 80,786,600 ordinary voting shares of the company offered to the public, through a…
The Hambantota International Port Group (HIPG) recently showcased its strategic vision and accomplishments at the Sri Lanka Transport and Logistics Conference 2024, organised by Bricsa Consulting, India. Held at the Sheraton Colombo, the conference brought together key stakeholders from both public and private sectors to discuss current and future challenges in the transport and logistics…
The Geopolitical Cartographer hosted the 30th Prime Minister of Australia Hon. Scott Morrison for a pivotal talk titled “Australia and the Indian Ocean” at the Grand Crystal Ballroom of the Taj Samudra Hotel in Colombo. The event, followed by a discussion and moderated question-and-answer session led by Geopolitical Cartographer Co-Patron Mohamed Nasheed, former President of…
Reuters – Sri Lanka’s central bank is expected to hold interest rates for a second straight meeting on Wednesday as it attempts to maintain monetary stability in the shadow of a dragging financial crisis and counter simmering political tensions. Nine out of 14 economists and analysts polled by Reuters expect the Standing Deposit Facility Rate…
The Ministry of Health has received nine refrigerated trucks procured by UNICEF with, funding from the Government of Japan to further improve the delivery system of vaccines to all children, across Sri Lanka. The trucks were handed over by H.E. MIZUKOSHI Hideaki, the Ambassador of Japan to Sri Lanka and Ms. Begoña Arellano, Acting UNICEF…
Fitch Ratings: The majority of ratings on Sri Lankan finance subsidiaries are underpinned by the expectation parental support, says Fitch Ratings in a report. This often results in higher subsidiary ratings than that implied by their standalone performance. Fitch’s non-bank financial institution (NBFI) shareholder support framework considers the parent’s ability and propensity to support its…
The Colombo Stock Exchange (CSE) hosted an issuer forum recently at ‘The Epitome’, Kurunegala, titled “ඔබේ ව්යාපාරයට නව ප්රවේශයක්” for business owners in the Wayamba province. The forum provided guidance on exploring effective capital-raising avenues, specifically through listing on the Empower and Diri Savi Boards. These boards cater to SMEs across a wide range of…
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