Leading investment bank pioneers by committing to a sustainable future Asia Securities has become the first ZeroCarbon® certified investment services firm in Sri Lanka. This major milestone is a result of the firm’s deep commitment to the future of its community and decisive management actions to significantly reduce the impact of its business operations on…
Sri Lanka’s oldest finance company, Alliance Finance Company PLC (AFC), has secured a USD 5 Mn medium term financing facility from impact investing fund, EMF Microfinance Fund AGmvK, Liechtenstein advised by Swiss based Enabling Qapital S.A. The financing facility will be used to support Covid impacted Micro SME entrepreneurs across the country in line with…
ICTA in partnership with industry partners FITIS, SLASSCOM, BCS and CSSL and National Partners Export Development Board and Board of Investments, will be hosting the Inaugural ‘National Digital Consortia’ from January 10th to 13th 2022. The virtual conference will be graced by six esteemed global tech giants Microsoft, Oracle, Google, Huawei, Amazon Web Services and…
The Embassy of Sri Lanka in Beijing in collaboration with the Sri Lankan Airlines met Chinese travel industry representatives at a town hall meeting on 30 December 2021. 60 invited guests, including tour operators, major tour agencies and media personnel, attended the event. The Ambassador of Sri Lanka to China Dr. Palitha Kohona drew their…
Sri Lanka has a whopping 527 state-owned enterprises[1] (SOEs). The 55 SOEs classified as “strategically important” alone employ 10% of the public sector workforce[2], or about 1.9% of all workers. Such a large number of SOEs are not the norm globally[3]; many other countries (such as India) have been reducing their stakes in SOEs and,…
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…
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