Ministry of Finance Annual Report confirms ComBank accounted for 33% of loans granted by 17 institutions in 2023 The Commercial Bank of Ceylon was the biggest lender to Sri Lanka’s small and medium enterprises (SME) sector by a huge margin in 2023, accounting for nearly a third of the value of the loans disbursed by…
Royal Classic hotels Kandy has embarked on a major expansion drives to extend their foot print have taken over the management in two properties in Kandy and Sigiriya. General Manager of Royal Classic Resort, R. Jeyapradhap said that their chairman, Ammaippan Sivasubramaniam, a businessman in Kandy for over 30 years diversified to the leisure sector…
The eagerly-anticipated DMASL Digital Summit 2024 is ready to set Sri Lanka’s digital marketing space abuzz on the 3rd and 4th of July 2024 at Waters Edge, Battaramulla. After the success of last year’s inaugural summit, which swiftly became the premier event in the digital marketing industry, this year’s summit is expected to be even…
No Waiting for External Funding to Combat Climate Change and Environmental Conservation. Tropical Countries Urged to Secure Funds Through Commercial Environmental Projects. President Ranil Wickremesinghe emphasized Sri Lanka’s commitment to advancing eco-tourism through the conservation of wetlands. He underscored the futility of waiting for external funding to combat climate change and environmental challenges, urging tropical…
External Affairs Minister of India Dr. Subrahmanyam Jaishankar who was on a one-day official visit to Sri Lanka met with his Sri Lankan counterpart, Foreign Minister M.U.M. Ali Sabry for bilateral talks at the Ministry of Foreign Affairs this afternoon (20 June). This was Dr. Jaishankar’s first bilateral visit after being reappointed to the high…
The OPEC Fund for International Development (the OPEC Fund) is hosting its third Development Forum on Tuesday June 25, 2024 in Vienna, Austria with a focus on delivering solutions to achieve sustainable development. The Development Forum will feature the Minister of Finance of the Kingdom of Saudi Arabia, Mohammed Al-Jadaan, OPEC Fund President Abdulhamid Alkhalifa, the President of Sierra Leone, Julius Maada Wonie…
Dr. Harsha de Silva has expressed significant concerns regarding the proposed imputed rent tax under Sri Lanka’s agreement with the International Monetary Fund (IMF). He emphasized that this tax, categorized as an income tax rather than a property tax, could disproportionately impact a wide range of income earners. In a detailed analysis, Dr. de Silva…
99x, a global product engineering company, hosted a high-profile roundtable discussion titled ‘Poised for Growth in Europe and Americas’ at their office premises in Colombo 03. The event brought together 99x’s industry leaders from Norway, Portugal, Brazil, and Sri Lanka to discuss 99x’s growth as a forward-thinking global technology leader. Local media representatives also attended…
Mr. David Sislen is the World Bank’s new Country Director for Maldives, Nepal, and Sri Lanka, effective July 1, 2024. Mr. Sislen succeeds Mr. Faris Hadad-Zervos, who will be taking on a new World Bank assignment. Mr. Sislen, a dual national of the US and Italy, joined the Bank in 2001 as an Economist in…
The Ministry of Education, in collaboration with Sri Lanka CERT, is launching a comprehensive initiative to educate schoolchildren and teachers about cybersecurity and social media safety. Recently, an awareness program was held at the Ministry of Education Auditorium. These initiatives aim to address the increasing cybersecurity issues faced by children and teachers, particularly related to…
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