The Silk Road Journal by Mahika Ming When Russians travelled into space during Soviet administration (USSR), the individuals (astronauts) were referred to as Cosmonauts (a word with routes in Greek words for universe and sailor). Similarly the Chinese call their astronauts “Taikonauts” combining the routes of the Chinese word for space (Taikong) and the Greek…
The Chamber Academy, the knowledge arm of the Ceylon Chamber of Commerce together with Facebook and SLAITO will be hosting a webinar on the topic of “The importance of Tourism to the Economy”. The discussion will focus on the Tourism industry which is one of the larger employment generators to Sri Lanka, employing 3 million…
Headline inflation, as measured by the year-onyear (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1, decreased to 6.2 per cent in September 2021 from 6.7 per cent in August 2021. This decline was entirely due to the statistical effect of the high base prevailed in September 2020. Meanwhile, Food inflation (Y-oY) decreased to 10.0 per cent in September…
The Governor of the CBSL, Mr. Ajith Nivard Cabraal had discussions with the Governor of QCB, His Excellency Sheikh Abdulla Bin Saoud Al-Thani, regarding CBSL and QCB collaboration to strengthen SL-Qatar economic ties and measures to mitigate the impact of COVID-19 pandemic on the economies.
The 30th Annual General Meeting of the Sri Lanka – Canada Business Council (SLCBC) of the Ceylon Chamber of Commerce was held on 07th October 2021. Rajah Abeyasinghe, Chief Executive Officer of Hydromec International (Pvt) Ltd was re-elected as the President of the Council for the year 2021-2022. Abeyasinghe addressing the gathering stated that “the…
First Capital Treasuries PLC, Sri Lanka’s leading non-bank primary dealer recently announced the firm’s intention to enter an Initial Public Offering (IPO). The IPO is scheduled for November 2021 subject to regulatory approval. The First Capital Treasuries’ IPO aims to offer 7,695,000 ordinary voting shares to the public. The IPO price per share of Rs….
The Sri Lanka Economic Summit 2021(SLES 2021) is scheduled to be held on 6th and 7th December as a hybrid summit catering to participants who would join online as well as participate in-person at the Shangri-la Hotel. The theme for the 21st Sri Lanka Economic Summit is based on creating an environment that will be a…
The Sri Lanka Pavilion continued to attract large numbers of visitors to Expo 2020 – result of the concerted efforts of Sri Lanka Tourism along with partners to date – Export Development Board, Ceylon Tea Board, Sri Lankan Airlines, Consulate of Dubai and with the excellent and willing corporation of the Ambassador to the United…
The ratings agency also revised Sri Lanka’s growth forecast for 2021 to 3.3% from 3.8%, due to the surge in coronavirus cases in July-August. The beleaguered Sri Lankan economy faces substantial credit risk, with default ‘a real possibility’, Singapore-based Fitch Ratings said on Tuesday. The ratings agency also revised Sri Lanka’s growth forecast for 2021…
Leading Sri Lankan apparel manufacturer Brandix has embarked on a journey to strengthen the company’s gender equality policies and procedures with technical support from the United Nations Population Fund (UNFPA), to support and provide an inspiring workplace culture for its employees. In line with this agreement, Brandix together with UNFPA, the lead UN Agency working…
