LOLC with its robust MSME-based (Micro, Small and Medium Enterprises business model is expanding its global footprint with three parallel investments being made in Tajikistan in Central Asia as well as Malawi and Tanzania in East Africa. LOLC enters Central Asia with its maiden investment in the region through the acquisition of a 75% stake…
The Colombo Stock Exchange (CSE) and University Canada West (UCW) jointly announce the signing of a Memorandum of Understanding (MoU) to formalize collaborative efforts directed at mutual development. The MoU is projected towards recognizing the common interests of the two organizations with a focus on collaborating in executive training opportunities and promoting future cooperation. The…
MILAN (Reuters) – Global dividends are forecast to rise to $1.39 trillion this year, up slightly from a previous estimate to reflect a stronger than expected recovery in the company payouts, Janus Henderson said in a report published on Monday. Its latest estimate, up 2.2 percentage points from an earlier one, is just 3% below…
The Covid crisis is an opportunity to rethink to build back better business relations which ensure mutual benefits for Sri Lanka and Maldives. This was stressed at a meeting held on 26 August, 2021 between officials of the Sri Lanka High Commission in Maldives and the Maldives National Chamber of Commerce and Industry. The prime…
Asia Capital accepts resignation of Reyhan Morris, Sandun Hettige subject to an Independent Audit Two Joint Chief Operating Officers Reyhan Morris & Sandun Hettige at Sri Lanka’s pioneering investment bank Asia Capital PLC has submitted resignations despite an upcoming internal independent audit, two resignation letters accepted by the company reveals. Accordingly, in the letters dated…
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance, elaborates on the efficacy of the health and safety measures that are put in place throughout its passenger journey with the intention of ensuring maximum safety and wellbeing for its valued passengers and crew alike. In the onset, International Air…
Sri Lanka Agripreneurs’ Forum holds a webinar on; Insights on new regulations on organic and inorganic agri-input Sri Lanka Agripreneurs’ Forum (SLAF) is the premier agribusiness association in Sri Lankan representing growers, farmer organizations, agri value-addition enterprises, agri professionals & academics, agri scientists, local and global marketers of agri produce, providers of agri inputs, and local…
REUTERS – S&P Global cut Sri Lanka’s CCC+ sovereign rating outlook to negative from stable on Friday, warning the government may find it increasingly difficult to finance itself over the next 12 months. “The negative outlook reflects our expectation that Sri Lanka’s financing environment may get more difficult over the next 12 months,” S&P said. “This…
STORY HIGHLIGHTS Floating solar could bring multiple benefits such as better land utilisation, improved efficiency and it gives potential to help Sri Lanka meet its renewable energy goals Globally over 30 countries have implemented 500 projects including Maldives and India Comprehensive policy adaptation can help attract long term investors and tap climate finance options as…
Sea Horse Yachts (Pvt) Ltd was registered under Section 17 (2) of the Board of Investment of Sri Lanka Law No. 4 of 1978 on 13th August, 2021. The signing ceremony took place at The Office of the Board of Investment in Colombo. The Chairman of BOI Sri Lanka, Mr. Sanjaya Mohottala welcomed the investment…
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