The Ceylon Chamber of Commerce officially launched the SPARK Youth Entrepreneurship Competition – 2024, setting the stage for aspiring young entrepreneurs across the country to pitch their innovative business ideas and win big at the Grand Finale in September. Building on the success of its inaugural edition in 2023, which drew over 400 applications from…
The Sri Lanka Export Development Board (EDB), Sri Lanka Apparel Sourcing Association (SLASA), Sri Lanka High Commission in the UK, and Joint Apparel Association Forum (JAAF) have collaboratively organized an unique export promotion programme titled “Sourced Sri Lanka” – Textile & Apparel Roadshow in the UK. This exhibition was taken place on 17th and 18th…
The World Bank’s Board of Executive Directors has approved $150 million in financing for Sri Lanka to improve the quality and utilization of its primary healthcare services. The newly approved Sri Lanka Primary Healthcare System Enhancing Project will help improve quality of care and increase the use of primary medical care institutions, which provide essential health services…
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to 1.6% in May 2024, compared to 2.7% in April 2024, according to the latest data released by the Department of Census and Statistics. Meanwhile, food inflation has decreased to 0.5% in May 2024 compared to 3.3% in April 2024 and…
A seven member delegation led by the Chairman of the Thai Chamber of Commerce and the Board of Trade of Thailand, Mr. Sanan Angubolgul met with the Chairman of the Ceylon Chamber Mr. Duminda Hulangamuwa, along with senior representatives of the Chamber today (24) culminating in the renewing of a Memorandum of Understanding (MOU) to…
The Ceylon Chamber of Commerce will hold its 185th Annual General Meeting on June 27th, 2024, at 6 pm at the Shangri-La Hotel, Colombo. Dr. Sanjiva Weerawarana, Founder and CEO of WSO2 and a pioneering figure in Sri Lanka’s technology sector, will be the Keynote Speaker at the AGM. As the leading business Chamber in…
Sri Lanka CERT urges the public to be cautious of fake messages purportedly sent by various banks, commercial institutions, and international organizations. These scams promise donations, cash gifts, lucky draws, and job insurance, using the names of legitimate entities. Cyber criminals attempt to contact individuals through fake websites, social media platforms, SMS, and WhatsApp. By…
The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2024 Mid-Year rebalance. The exclusions and inclusion as announced by S&P Dow Jones Indices, effective from 24th June 2024 (after the market close of 20th June 2024) are presented below. Exclusions…
The Colombo Stock Exchange (CSE) has approved in principle the listing of Commercial Bank of Ceylon PLC’s Rs 10 Billion Debenture Issue opening on Tuesday 2nd July 2024. The Bank has announced an initial issue of 100 million Basel III Compliant – Tier 2 Listed Rated Unsecured Subordinated Redeemable Debentures with a Non-Viability Conversion feature,…
Fitch Ratings – Global sovereign credit conditions are broadly neutral for 2024, as moderately weaker global economic growth and persistent strains on public finances are balanced by lower inflation and some easing in financial conditions, Fitch Ratings says in its Global Sovereigns Mid-Year Outlook 2024. Risks to the outlook centre on potential setbacks to disinflation…
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