DFCC Bank, one of the premier commercial Banks in Sri Lanka ushers in the New Year with the appointment of new Chief Executive Officer, Mr. Thimal Perera who took over the reins from the 01st of January 2022. Mr. Perera joined DFCC Bank leadership team in June 2017 in the capacity of Deputy Chief Executive…
Business sentiment rebounds as corporates anticipate positive developments in the new year At a recent economic forum organised by the Ceylon Chamber of Commerce, Nishan de Mel – the Executive Director of Verité Research – stated that Sri Lanka should pursue a debt restructure by drawing up a credible programme and approaching the IMF thereafter,…
As part of the Economic diplomacy initiatives undertaken by the Sri Lanka Embassy in Jordan, an Exhibition to showcase Sri Lanka’s epic Adventure tourism was held on 27 December at the Galleria Mall in Amman. The Galleria Mall is one of the biggest, upscale shopping malls and considered an iconic landmark in Jordan which attracts…
The media has reported that the government intends to implement a system of quotas for imports and the rationing of food and fuel. This is the latest in the long list of interventions over the last two years to address the growing balance of payments problems. Similar to previous measures this too only addresses the…
The Colombo Stock Exchange (CSE) has adopted the United Nations Women’s Empowerment Principles (WEPs) as part of its commitment to promoting gender equality and women’s empowerment in the workplace, marketplace and community. The WEPs are a set of Principles offering guidance to businesses on how to promote gender equality and women’s empowerment. Established by UN…
Entrepreneurship is required to be one of the top priorities in any nation, and it needs to be encouraged in order to strengthen the autonomous assets of a country. The world is currently confronting massive challenges with the pandemic’s existence and as a developing country, the Sri Lankan government is compelled to support entrepreneurs in…
COLOMBO, Dec 29 (Reuters) – Sri Lanka has raised its official foreign exchange reserves to around $3.1 billion, helped by a currency swap agreement with China, sources said on Wednesday, as the South Asian country seeks to shore up its battered finances and credit ratings. The country’s central bank governor, Ajith Nivard Cabraal, said in…
Wang Yi’s two-day visit, expected between January 7 and 9, will take place against the backdrop of a spat between the two countries over a contaminated consignment of organic fertiliser that has resulted in unexpected tensions between both countries. The Indian Express – China’s Foreign Minister Wang Yi will visit Sri Lanka next week in the…
The Central Bank of Sri Lanka wishes to inform the general public that (as announced on 22 December 2021) expected foreign currency inflows are forthcoming and with the receipt of recent inflows, the official reserves position has now reached around US dollars 3.1 billion, and is expected to remain at such level by end of…
The shares of Myland Developments Limited (CODE: MDL-N-0000) commenced trading on the Colombo Stock Exchange (CSE) Tuesday (28). The shares have been listed on the Diri Savi Board of the CSE under the “Real Estate Development” sector. The occasion was marked with a special Bell Ringing Ceremony. Representing Myland Developments Limited, Chairman/Independent/Non-Executive Director Mr.W.D. Premachandra, Managing Director/Executive Director Mr. Nalin Perera, Executive Director Ms. Iresha Dissanayake, Independent/Non-Executive Director Mr. Ajith Alahakoon joined the event. Financial Advisors &…
Video Story
