Standard Chartered Bank’s Global Research team conducted its 2024 H1 Global Research Briefing (GRB) in Sri Lanka recently, themed ‘A soft landing, with risks’. The event took place on 4 March at the Galle Face Hotel Colombo and was attended by corporate, commercial and institutional banking clients of the Bank. It provided a valuable platform…
Exclusive Report by MarketsandMarkets™ The report “Activated Carbon Market by Type (Powdered Activated Carbon, Granular Activated Carbon), Application (Liquid Phase Application, and Gas Phase Application), End-Use Industry, Raw Material (Coal, Coconut, Wood, Peat), and Region – Global Forecast to 2030″, Activated Carbon Market size is projected to grow from USD 4.4 billion in 2023 to USD 8.4 billion by 2030, at…
Minister of Power and Energy commends contribution to achieving National goal of 70% Renewable Energy by 2030 Backbay Solar (private) Limited commissioned 2-megawatt ground-mounted solar power plants in Kommathurai Batticaloa on Sunday 10th March 2024, which are a part of the 1X90 SBS II solar tender under the Ceylon Electricity Board. Backbay Solar is managed…
The Securities and Exchange Commission of Sri Lanka (SEC) as part of its continuous engagement process with stakeholders in the capital market landscape, held a meeting with the CEOs of the Unit Trust industry last week. The main purpose of the meeting was to address the current state of the Unit Trust industry and urge…
Small and medium enterprises (SMEs) in Sri Lanka are set to benefit from the newly established Secured Transactions Registry (STR), which aims to facilitate the use of moveable assets as collateral for loans while ensuring financial stability and fostering economic growth in the country. With technical assistance from the International Finance Corporation (IFC), the new…
The National Building Research Organisation (NBRO) recently celebrated its 40th anniversary with the 13th Annual Research Symposium, held on February 29th, 2024, at the Galadari Hotel. With the theme “Building Resilience: 40 Years in Retrospect,” the symposium provided a platform for experts to discuss innovative solutions and strategies for disaster risk reduction. State Minister of…
The Sri Lanka Export Development Board (EDB) in collaboration with the Ministry of Industries and Department of Commerce organized a seminar on “Exploring Opportunities and Implications of the Sri Lanka-Thailand Free Trade Agreement” at the Auditorium of Postgraduate Institute of Management (PIM) on 29th February, 2024 for Sri Lankan exporters. The seminar aimed to raise…
Reuters – Rupert Murdoch, 92, got engaged to his girlfriend, Elena Zhukova, a spokesman said on Thursday, which would mark his fifth trip down the aisle. The wedding will be held in California, at Murdoch’s vineyard and estate, Moraga, a spokesman said. The impending nuptials come just months after Murdoch stepped down as chairman of Fox and…
Sri Lanka has recorded an over 16 percent increase in workers’ remittances while tourism earnings has increased by nearly 114 percent in February 2024 compared to the previous year, according to the latest data from the Central Bank of Sri Lanka (CBSL). Workers’ remittances reached USD 476.2 million in February 2024, showing a growth of…
Fitch Ratings – Global shipping companies’ short-term profitability will benefit from increased freight rates, which exceed the costs of re-routing following persistent attacks on commercial vessels in the Red Sea, Fitch Ratings says. We do not expect structural shifts in the shipping sector as a result of these disruptions. Nearly half of all cargo ships…
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