HNB PLC reaffirmed its dominant leadership position, after being ranked Best Retail Bank in Sri Lanka for the 14th year at the Asian Banker Global Excellence in Retail Financial Services Awards 2024. Hosted by the prestigious Asian Banker Magazine, the awards are considered among the most rigorous and influential programmes for consumer financial services in…
Citi recently brought together its key client seniors and hosted an economic forum themed “Sri Lankan Economy Onwards and Upwards”. The Governor, Central Bank of Sri Lanka, Dr. P. Nandalal Weerasinghe and Secretary to the Treasury Mr. Mahinda Siriwardana, Ministry of Finance were in attendance as the keynote speakers. The sessions covered insights on Sri…
There were 6 cruise ship calls at the Hambantota International Port (HIP) in the months of January and February 2024, carrying over 6,000 passengers to Sri Lanka. The Celebrity Millennium, largest of the cruise ships that called, sailing between the lines of Hambantota/Colombo and Phuket, Thailand arrived at the port twice, on the 14th and…
In a proactive move towards transparency and collaboration, President Ranil Wickremesinghe convened a crucial party leader’s meeting at the Presidential Secretariat yesterday to deliberate on the IMF proposals. The meeting saw the active participation of various stakeholders, including TNA Parliamentarian Mr. M. A. Sumanthiran, underscoring the government’s commitment to inclusive decision-making. During the discussions, Secretary…
The unilateral decision by the government to suspend debt recovery via parate laws is a knee-jerk response to intense lobbying by a few individual defaulters that do not represent the wider business community, and will have a far-reaching negative impact on the banking sector, which functions as the heart and lifeblood of the economy, the…
Standard Chartered Bank’s Global Research team conducted its 2024 H1 Global Research Briefing (GRB) in Sri Lanka recently, themed ‘A soft landing, with risks’. The event took place on 4 March at the Galle Face Hotel Colombo and was attended by corporate, commercial and institutional banking clients of the Bank. It provided a valuable platform…
Exclusive Report by MarketsandMarkets™ The report “Activated Carbon Market by Type (Powdered Activated Carbon, Granular Activated Carbon), Application (Liquid Phase Application, and Gas Phase Application), End-Use Industry, Raw Material (Coal, Coconut, Wood, Peat), and Region – Global Forecast to 2030″, Activated Carbon Market size is projected to grow from USD 4.4 billion in 2023 to USD 8.4 billion by 2030, at…
Minister of Power and Energy commends contribution to achieving National goal of 70% Renewable Energy by 2030 Backbay Solar (private) Limited commissioned 2-megawatt ground-mounted solar power plants in Kommathurai Batticaloa on Sunday 10th March 2024, which are a part of the 1X90 SBS II solar tender under the Ceylon Electricity Board. Backbay Solar is managed…
The Securities and Exchange Commission of Sri Lanka (SEC) as part of its continuous engagement process with stakeholders in the capital market landscape, held a meeting with the CEOs of the Unit Trust industry last week. The main purpose of the meeting was to address the current state of the Unit Trust industry and urge…
Small and medium enterprises (SMEs) in Sri Lanka are set to benefit from the newly established Secured Transactions Registry (STR), which aims to facilitate the use of moveable assets as collateral for loans while ensuring financial stability and fostering economic growth in the country. With technical assistance from the International Finance Corporation (IFC), the new…
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