Provides investors anytime-anywhere access to subscribe to IPOs managed by CAL Fulfilling its promise to touch people’s lives, Capital Alliance (CAL) is empowering private investors with the chance to capitalize on investment opportunities by subscribing to Initial Public Offerings (IPOs) managed by CAL directly through its newly-launched IPO Portal. CAL’s reputation as Sri Lanka’s leading…
Sophos, a global leader in next-generation cybersecurity, today announced findings from its survey report, “The State of Ransomware in Financial Services 2021,” that show how mid-sized financial services organizations worldwide spent more than $2 million on average recovering from a ransomware attack. This figure exceeds the global average of $1.85 million, even though the results…
The deficit in the trade account widened on a year-on-year (y-o-y) basis to US dollars 586 million in August 2021, compared to the deficit of US dollars 342 million recorded in August 2020. The cumulative deficit in the trade account from January to August 2021 also widened to US dollars 5,509 million from US dollars 3,812 million in…
This is to inform all our stakeholders that we met and wrote to the Colombo Stock Exchange (CSE) in reference to the letter submitted by Lanka Corrugated Cartons Manufacturers Association (LCCMA) dated 16th and 17th October 2021. We reiterated; That we are reasonably of the belief that we are market leaders in the corrugated…
The Monetary Policy Consultative Committee (MPCC) of the Central Bank of Sri Lanka has been reconstituted with effect from 5 October 2021. The reconstituted MPCC comprises 12 eminent personalities from the private sector and academia and is chaired by Mr. Sunil Lankathilake, Former Deputy Governor of the Central Bank of Sri Lanka and a Member…
MAS Holdings continued its commitment to value enhance plastic waste by disrupting the pollution cycle and manufacturing Sri Lanka’s ICC T-20 World Cup jersey using fugitive plastics collected from around the island. MAS Active, together with their supply chain partners TRISCHEL Fabric (Pvt) Ltd and Eco Spindles Sri Lanka, leveraged their combined capabilities to transform…
Bank of Ceylon is proud to announce being appointed as the settlement bank by LankaClear, for their inter-bank US Dollar Online payment system (USD On-Line) and US Dollar Draft on-line Image Transfer System (UITS). This selection was made through a competitive bidding process. The agreement was signed on the 12th October 2021 at the Bank’s…
Agility, adaptability and resilience have been hallmarks of the apparel industry SMEs. It’s time to build that up further. By Rantha Tissera – Treasurer, Sri Lanka Chamber of Garment Exporters and Managing Director of Estilo Apparel In Sri Lanka, small business is a very big deal. The numbers tell the story. The Department of Census…
Having recently had discussions with the International Labour Organisation (ILO) and the International Finance Corporation (IFC), the Joint Apparel Association Forum (JAAF) has committed to advancing its stakeholder engagement through the ‘Better Work’ programme (BW) in Sri Lanka. The programme aims to support the apparel industry in building back better in the post COVID19 environment….
STORY HIGHLIGHTS Sri Lanka has a great track record in raising living standards and reducing poverty, but the COVID-19 crisis has led to dramatic losses in livelihoods and earnings. “Sri Lanka Poverty Assessment: Accelerating Economic Transformation” analyzes past drivers of success and discusses four key priorities for Sri Lanka to transform its economy, create jobs…
