In a move to spur sustainable investments in Sri Lanka, the International Finance Corporation (IFC) and the European Union (EU) partnered with the Commercial Bank of Ceylon (CBC) to scale up green finance, supporting the country’s commitments towards a low-carbon economy. The partnership, which is under EU’s regional initiative ‘Accelerating Climate Smart and Inclusive Infrastructure…
Sri Lanka’s oldest company fortifies its Board in readiness for a phase of accelerated growth under new stewardship. Sarva Ameresekere has been appointed the Group Chairman of George Steuart & Co. Ltd.(GS&Co), Sri Lanka’s oldest company established in 1835. The appointment comes as Dilith Jayaweera resigned from the Group Chairmanship and all directorates he held…
Aviation is the most frequent and quickest way to transport victims of human trafficking across borders. To combat this heinous crime, it’s crucial for airlines, law enforcement agencies to collaborate, implement efficient measures and train staff to recognize signs of human trafficking, and raise awareness among the stakeholders as they play an important role in…
President Ranil Wickremesinghe stated that he expects to increase the growth rate of Sri Lanka’s economy up to 3% by the year 2025 and mentioned that steps would be taken to increase the salaries of government employees. The President made these remarks during the celebration of International Nurses Day at the Temple Trees, Sunday (12)….
Mr. Kanaka Herath, the Minister of State for Technology, expressed the importance of the DIGIECON Global Investment Summit – 2024 (DIGIECON Global Investment Summit) held alongside the DIGIECON-2023 project, under the leadership of President Ranil Wickremesinghe. He highlighted its special significance for Sri Lankan youth involved in the IT sector, emphasizing its potential to attract…
Pakistan’s total external debt stocks owed to China has surged from $7.6 billion in 2016 to $26.5 billion in 2022 Debt owed by various countries, especially in South Asia and Africa, to China has multiplied in recent years. China is either the sole or the major lender for the majority of these countries. In other…
With a vision of making the Postgraduate Institute of Management (PIM) into a world class post-graduate management school, the renowned industry professional Dr. Asanga Ranasinghe assumed duties as the Director, PIM. The duty assumption ceremony was held at the PIM premises in Colombo 08. Among the dignitaries present at the event were Senior Prof. Sampath…
Sri Lanka Government promoting local assembly with private sector investment Sri Lanka’s automobile assembly is experiencing significant growth and development with the involvement of world-renowned brands including Hyundai, Proton, BAIC, DFSK, Wuling, Mahindra, TATA, Bajaj, TVS, JMC and Lanka Ashok Leyland emphasizing the favourable environment for investment. The approval to assemble a wide range of…
State Minister for Technology, Mr. Kanaka Herath, announced that the amended bill to amend the Telecommunications Regulatory Act after 28 years will be presented to the Parliament today (10). Additionally, he highlighted plans for the drafting of the National Cyber Security Act in May. The State Minister made these remarks during a press conference conducted…
Sri Lanka’s largest private sector retail bank, HNB PLC, announced another strategic addition to its Board of Directors with the appointment of Suresh Shah as an Independent Non-Executive Director. This appointment marks another significant step in strengthening the Bank’s governance and strategic direction. Shah brings with him a wealth of experience and a proven track…
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