The IORA Business Conclave organised by The Ceylon Chamber of Commerce in collaboration with the Ministry of Foreign Affairs Sri Lanka on 28th and 29th May, will feature high-profile speakers leading the conversation on advancing trade and investment, SME development, and the Blue Economy in the Indian Ocean Rim Association. Conducted under the theme “Sustaining…
U.S. Ambassador to Sri Lanka, Julie Chung, presented a progressive vision for Sri Lanka’s ports at the Indo-Pacific Business Forum Satellite Event in Colombo, emphasizing the integration of environmental sustainability with economic growth. “Sri Lanka’s strategic location in the Indo-Pacific region makes its ports a critical hub for international trade,” Chung stated. “By adopting sustainable…
The Colombo Stock Exchange (CSE), in consultation with the Securities and Exchange Commission of Sri Lanka (SEC) and industry participants, has announced that the settlement cycle for equity transactions will be reduced from T+3 to T+2 with effect from 10th June 2024 (i.e. trades taking place on and after 10th June 2024). The concept of…
Her Excellency May-Elin Stener, the Ambassador of Norway to Sri Lanka and India visited Sri Lanka during 2nd to 9th May. The visit marks a pivotal moment in the strengthening of bilateral ties between Norway and Sri Lanka as Ambassador Stener engaged in constructive dialogues with key stakeholders, including H.E. Ranil Wickremesinghe, President of Sri…
During the fourth quarter, the John Keells Holdings PLC reported a strong performance across most businesses, with Consumer Foods, Transportation and Leisure, in particular, recording significant growth. The performance seen in most of the businesses is a reflection of the improving macroeconomic conditions in the country and is a continuation of the growth momentum witnessed…
Today, on May 21, 2024, the Central Bank of Sri Lanka launched the Financial Literacy Roadmap of Sri Lanka, marking a significant step towards enhancing the financial capabilities of Sri Lankans. This Roadmap, a cornerstone of Sri Lanka’s National Financial Inclusion Strategy (NFIS), offers evidence-based guidance to all stakeholders engaged in financial literacy initiatives, aligning…
SriLankan Airlines recently welcomed a group of senior journalists from leading Indian travel trade publications on a familiarization (FAM) tour of Sri Lanka, in collaboration with Cinnamon Hotels and Resorts, along with the coordinating efforts of the official PR agency of SriLankan Airlines in India, AVIAREPS. The initiative aims to enhance Sri Lanka’s appeal as…
he overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has increased to 2.7% in April 2024, compared to 2.5% in March 2024, according to the latest data release by the Department of Census and Statistics. Meanwhile, food inflation has decreased to 3.3% in April 2024 compared to 5.0% in March…
An awareness programme to educate the Sri Lankan migrant workers in Singapore on matters related to foreign remittances and foreign currency accounts was held at the High Commission of Sri Lanka on 12 May 2024 with the collaboration of the People’s Bank of Sri Lanka. Over 100 participants attended the programme. Addressing the gathering, High…
Export Performance in April 2024 The total exports (Merchandise & Service) for the month of April 2024 was recorded as US$ 1,114.22 Million increasing 1.25 % over the corresponding period of 2023. As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in April 2024 amounted to US$ 813.81 million,…
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