International Women’s Day is not just another day of celebration, it is a day of appreciation for the strength, resilience, and achievements of women across various fields, and on this day celebrating the achievements of women globally, the Sri Lanka Board of Investment Director General said that women in this country are making an incredible…
Fitch Ratings – The majority of APAC banking jurisdictions are set to take the latest global iteration of Basel capital standards in their stride, says Fitch Ratings. Banking groups in most APAC markets have been able to absorb the moderate increases in capital requirements required under the final Basel III standards, due to prevailing conservative…
The Ceylon Chamber of Commerce, the premier representative of Sri Lanka’s private sector, proudly marks its 185th anniversary today (March 25). Established in 1839, initially to cater to the needs of the plantation industry, primarily rubber and coconut, it has evolved into an institution representing a wide sector of industry and commerce. Today, boasting a…
Youth Empowered to Determine the Path Forward for a Brighter Future While Certain Politicians Contemplate Personal Ambitions, My Dedication Stays Firmly Anchored to the Nation – Says the President in a Cordial Encounter with the ‘United Youth Union’. President Ranil Wickremesinghe emphasizes the necessity of a new economic reform program for the country’s economic recovery….
The Board of Directors of Union Bank of Colombo PLC announced the appointment of Mr. Dinesh Weerakkody a distinguished banker and financial advisor with vast experience as an Independent Non-executive Director, with effect from 01 April 2024. Mr. Dinesh Weerakkody is a former Chairman of Hatton National Bank PLC and Commercial Bank of Ceylon PLC…
Commends Anti-Corruption Measures. The Japanese Ambassador to Sri Lanka H.E. MIZUKOSHI Hideaki, expressed Japan’s support for the current program aimed at rebuilding the Sri Lankan economy. Drawing parallels between Japan’s historical journey and Sri Lanka’s current economic challenges, the Ambassador highlighted Japan’s resilience and economic resurgence as a model for Sri Lanka. These remarks were…
National Development Bank PLC recently conducted its quarterly Investor Earnings Call on March 20, 2024, following the release of its financial results for the financial year ended 31 December 2023. Led by Mr. Kelum Edirisinghe, the Director and Chief Executive Officer of NDB Bank, along with the bank’s senior management team, the virtual event was…
In a strategic move to disrupt Sri Lanka’s financial market landscape, Softlogic Stockbrokers, the full-service brokerage arm of Softlogic Capital PLC, has launched StockGPT, that has been developed by the in-house tech team of the Group. StockGPT utilizes cutting-edge artificial intelligence (AI) technologies, including Microsoft Azure OpenAI Service, to give investors, financial analysts and fund…
IMF commends government for making “good progress” in implementing recovery plan The Hindu – Sri Lanka is close to finalising a debt treatment plan with India and the Paris Club, sources familiar with the negotiations said, pointing to a likely moratorium of up to six years and a reduced interest rate during the repayment period….
Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) announced that Aruna Deepthikumara, Michelle Senanayake, Dr. T. Sayandhan and Shantha Bandara, who are Executive Committee members of the Group, have been appointed as Executive Directors. Commenting on the appointments, Sunshine Holdings Group CEO Shyam Sathasivam said, “We are excited to announce the elevation of Aruna Deepthikumara, Michelle…
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