Governor of the Central Bank, Dr. Nandalal Weerasinghe participated in the High-Level Roundtable of the Sustainable Banking and Financing Network (SBFN) of the International Finance Corporation (IFC) Tuesday (16) in Washington DC, USA. At the roundtable discussion, the Governor presented the progress made by Sri Lanka in furthering sustainable financing initiative amidst multiple challenges. Further,…
In line with its mandate to significantly uplift the standards of the human resources (HR) profession in Sri Lanka, the Association of Human Resource Professionals (AHRP) will host its 6th Human Resources Think Tank (HRTT) under the theme of ‘HR Capabilities for Business Excellence’. The event will take place on 22nd April 2024 at Cinnamon…
Recent statistics paint a stark picture of alcohol-related challenges facing Sri Lanka, with an alarming 83% of deaths attributed to non-communicable diseases (NCDs). Alcohol consumption emerges as a prominent risk factor for NCDs, exacerbating health costs and contributing to issues such as road accidents and domestic violence. Despite its perceived economic benefits, the economic toll…
Chinese Leader Xi Jinping last week met fellow Chinese Ma Ying-jeou. During the meeting President Xi expressed grief over the loss of lives in the earthquake in Hualien & extended his sympathies to the fellow Chinese affected. He spoke of the 5000 year history of the Great Chinese Empire & the historic bonds between the…
Hatch, the esteemed accelerator/incubator, and Orion City, the foremost IT park, have unveiled an innovative digital platform, signalling a transformative shift in Sri Lanka’s tech ecosystem and business operations. This innovative app is set to streamline access to essential services and facilities across three strategic locations: Hatch Works in Colombo 1, Orion Nest at Orion…
Reuters – Sri Lanka on Tuesday rejected international bondholders’ proposal to restructure more than $12 billion in debt, putting at risk critical International Monetary Fund support and delaying its efforts to resolve a two-year-long debt crisis. Some of the proposal’s “baseline” assessments and a lack of a contingency option in the case of continued economic…
Copenhagen residents looked on in horror Tuesday as the Danish capital’s historic stock exchange building was engulfed in flames and its 180-foot spire in the shape of four entwined dragon tails collapsed. Everyone inside the building was able to leave. Known as the Borsen, the 400-year-old building served as the stock exchange until the 1970s….
Bloomberg – Sri Lanka’s first round of talks with dollar bondholders failed to yield an agreement, sending bonds lower, even as the South Asian country hopes to reach a deal in the next few weeks. The nation’s 7.55% 2030 bond fell as much as 2.8 cents to 53.94 cents on the dollar, the biggest decline…
The Government of the Democratic Socialist Republic of Sri Lanka (“Sri Lanka“) announces today (16) that it has held restricted discussions over the past three weeks (the “Restricted Period“) with nine members of the steering committee who agreed to take part in the restricted discussions (the “Steering Committee“) of the Ad Hoc Group of Bondholders…
DFCC Bank successfully launches online acceptance of the leading card scheme, UnionPay International (UPI). The partnership between DFCC Bank, UPI and Bancstac further enhances DFCC Bank’s Internet Payment Gateway Services (IPGS). “DFCC Bank is committed to delivering convenient, ease-of-use, secure and cost-effective payment acceptance methods to support our customers towards achieving their business goals,” said…
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