The Planters’ Association of Ceylon (PA) congratulates NPP leader Anura Kumara Dissanayake on his election as the 9th Executive President of Sri Lanka and called for renewed collaboration to secure sustainable growth and livelihood empowerment within the plantation sector. The Association called on President Dissanayake to initiate a transformative era for the plantation industry by…
The European Union (EU), with its vast market of over 448 million consumers, has always been a key destination for Sri Lankan apparel exports. Known for its high-quality and ethically produced garments, Sri Lanka has secured a strong foothold in this competitive space. However, new sustainability and labelling requirements introduced by the EU present both…
The Managing Director of the International Monetary Fund (IMF), Mrs. Kristalina Georgieva, extended her congratulations to Honourable Anura Kumara Dissanayake on his election as the new President of Sri Lanka. In her special message, Mrs. Georgieva reaffirmed the IMF’s commitment to remaining a strong partner to Sri Lanka and expressed her hope to further strengthen…
The Hambantota International Port Group (HIP) was honoured as one of Sri Lanka’s most outstanding Women Friendly Workplaces at the Women Friendly Workplace Awards 2024. The Women Friendly Workplace Awards, organised by leading women’s magazine Satyn in collaboration with AICPA & CIMA, recognized more than 30 companies across various industries for their efforts in promoting…
The Sri Lanka Banks’ Association (SLBA) has congratulated President Anura Kumara Dissanayake on his election to the Presidency and assured him of the fullest support of the banking sector for the challenging journey ahead. In a congratulatory note, the Association, which represents all licenced banks in Sri Lanka, said: “The essential political and social stability…
Fitch Ratings: Fitch Ratings has affirmed Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘RD’ (Restricted Default) and Long-Term Local-Currency IDR at ‘CCC-‘. Fitch typically does not assign Outlooks to issuers with a rating of ‘CCC+’ or below. A full list of rating actions is at the end of this rating action commentary. Key…
International rating agency Moody’s says that they do not expect any significant shifts in Sri Lanka’s reform trajectory or policies, “although some reprioritisation is likely.” Issuing a special statement, the rating agency said the country’s political change is unlikely to derail the reform trajectory but underscores fiscal consolidation challenges. Political change unlikely to derail reform…
The Sri Lanka Gem and Jewellery Association (SLGJA) the apex body and the voice of the country’s Gem and jewellery industry, with great pride and respect extends heartfelt congratulations to His Excellency on being sworn in as the 9th President of the Democratic Socialist Republic of Sri Lanka. SLGJA is built on a vision to…
Sri Lanka made a strong impression at this year’s International French Travel Market (IFTM) in Paris, showcasing the island’s rich tourism offerings alongside 26 prominent companies and SriLankan Airlines. The Sri Lanka Pavilion was officially inaugurated by H.E. Manisha Gunasekara Ambassador of Sri Lanka to France, accompanied by Mr. Chalaka Gajabahu, Chairman of the Sri…
Janashakthi Life, a leading life insurance provider in Sri Lanka, is pleased to announce exceptional financial results for the first-half of 2024. The company achieved record-breaking growth across key performance indicators, with a notable 45% increase in Gross Written Premiums (GWP) compared to the period under review in 2023. This significant growth reflects the company’s…
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