The Sri Lanka Climate Summit 2024, organised by The Ceylon Chamber of Commerce will be inaugurated by President Ranil Wickremesinghe, under the theme Code Red: Climate Risks and Opportunities for Sri Lankan Businesses, on 7th May at the Shangri-La Hotel, Colombo. As the imperative to address climate change grows increasingly urgent against a backdrop of…
Sri Lanka’s largest private sector retail bank, Hatton National Bank PLC appointed Sanjay Wijemanne as the bank’s new Chief Operating Officer (COO) with effect from 26th April 2024, subject to relevant regulatory clearances. A banking industry veteran with more than 29 years of experience, including more than 14 years of corporate management exposure, Wijemanne previously served as HNB’s Deputy General Manager – Retail Banking Group, and brings…
Melco Resorts & Entertainment Limited (“Melco”) is pleased to announce its partnership with John Keells Holdings PLC (“John Keells”), the largest listed conglomerate on the Colombo Stock Exchange, in their US$1 billion plus integrated resort development in central Colombo. As part of the partnership, the integrated resort, which had previously been branded “Cinnamon Life Integrated…
The Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) met on 29 April 2024 in Colombo1. The discussions were centered around recent financial market developments and vulnerabilities that warranted closer monitoring. Accordingly, the group discussed ways to promote the implementation of FSB regulatory framework for crypto-asset activities across the region and recent…
Business confidence strengthens for a second month but the horizon remains overcast Sri Lanka faces a tight deadline to finalise agreements with creditors including bondholders to coincide with the anticipated disbursement of the third tranche of the IMF’s Extended Fund Facility (EFF). The next instalment of US$ 337 million is scheduled for June, following the…
The Sri Lanka Tourism Promotion Bureau jointly collaborated with the Sri Lanka Convention Bureau recently, participating in the prestigious Exotic Wedding Planners Conference (EWPC) 2024, alongside key industry participants. This marked the first-ever presence of Sri Lanka at this renowned event, showcasing the country’s potential as a premier destination for weddings and events. The EWPC…
Ambassador of Sri Lanka to Indonesia and ASEAN, Admiral Prof. Jayanath Colombage, presented Sri Lanka’s trade and investment potential at the International Business Solution Expo (IBSE 2024) in Yogyakarta, Indonesia with the theme “Sri Lanka: Land of Opportunities”. The event, held from 22-24 April 2024 was organized by the Junior Chamber International (JCI) Indonesia and…
Uma- Oya multipurpose project commenced paying back. Political sources note JVP leader AKD being a pioneer to propose development with waters of Uma Oya but when Mahinda walked the talk with the Iranians, those who only talk weren’t happy (ref media). Since SL wasn’t a democracy even under the British, implementing projects for the good…
President Ranil Wickremesinghe reiterated the government’s commitment to maximizing the contribution of agriculture to the country’s economic advancement. He highlighted the implementation of programs aimed at popularizing cinnamon cultivation, a significant export crop in the country’s history, as part of the agricultural modernization initiative. President Ranil Wickremesinghe made these remarks while attending the “Dilmah Cinnamon”…
Reuters – HSBC Chief Executive Noel Quinn will retire, it said on Tuesday, in a surprise departure from the bank that he has overhauled in the past five years through a sweeping series of asset sales across the globe. The bank said has already launched a formal process to find a successor. Chief Financial Officer…
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