Sri Lanka’s one of the largest private sector banks, HNB PLC announced the official appointment of Damith Pallewatte as Managing Director/Chief Executive Officer, effective from 22nd November 2024, following on his previous appointment as Acting CEO in April this year. A veteran Banking and Risk Management Professional with over 28 years of experience, including over…
SriLankan Airlines has secured the ‘Emerging Cargo Airline’ award for a second consecutive year at the Arabian Cargo Awards 2024, held on 11 November 2024 in Dubai. This achievement underlines the airline’s ongoing commitment to excellence in the air cargo sector, delivering reliable and efficient solutions globally. The Arabian Cargo Awards celebrates outstanding achievements in…
Target of generating $15 billion in economic value through digital initiatives by 2030 The Federation of Information Technology Industry Sri Lanka (FITIS), the apex body for the nation’s ICT sector, has warmly welcomed the government’s bold decision to establish a dedicated Ministry for the Digital Economy. This move, championed by the President Anura Kumara Dissanayake…
IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the third review of Sri Lanka’s economic reform program supported by the IMF’s Extended Fund Facility (EFF). Once the review is approved by IMF Management and completed by the IMF Executive Board, Sri Lanka will have access to about…
The Government of Sri Lanka says that discussions related to the third review under the Extended Fund Facility of the International Monetary Fund (IMF) program were successfully concluded today (22). The meeting, held at the Presidential Secretariat, was attended by a delegation representing the IMF, led by Senior Mission Chief Peter Breuer, the President’s Media…
A meeting took place this afternoon (22) at the Presidential Secretariat between the secretary to the President Dr. Nandika Sanath Kumanayake and the Japanese Ambassador to Sri Lanka Akio Isomata. The Japanese Ambassador extended his best wishes to the new government led by President Anura Kumara Dissanayake and expressed Japan’s commitment to continuing the bilateral…
Sri Lanka’s leading developer Prime Lands Residencies PLC joins hands with Sanken Construction to lay the foundation for the Colombo Border with the Brielle Tower Uniquely positioned along the Colombo Kandy Road, the Colombo Border stands only 2 minutes away from the entrance to the Katunayake Expressway, 15 minutes to the Bandaranaike International Airport and…
Reuters – Bitcoin touched a fresh record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration. It has more than doubled in value this year and is up about 45% since…
The Hambantota International Port Group (HIP) was recognised as one of Sri Lanka’s most women-friendly workplaces at the recently held ‘Women Friendly Workplace Awards 2024.’ The prestigious event, organised by leading women’s magazine Satyn in collaboration with AICPA & CIMA, celebrated over 30 companies from various industries, committed to promoting gender equality and empowering women…
Sri Lanka was among thirty-one (31) members elected to the United Nations Commission on International Trade Law (UNCITRAL) by the UN General Assembly on 20 November 2024. Sri Lanka contested for a seat from the Asia Pacific Group, and secured 177 votes. This was the second highest number of votes within the group, and second…
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