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…
In terms of the provisions in the Central Bank of Sri Lanka Act, No. 16 of 2023, Hon. Minister of Finance, as recommended by the Governing Board, has appointed Mr. A A M Thassim, Assistant Governor and Secretary to the Governing Board, and Mr. J P R Karunaratne, Assistant Governor, as Deputy Governors of the…
K Seeds Investments (Pvt) Ltd identified Commercial Credit and Finance PLC as the best performing finance company under the 1st category among the 28 listed finance companies in Sri Lanka through a ranking carried out based on their financial performance for the fourth quarter of 2023/24. The report segregates the finance companies based on the…
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