The orders made under the Colombo Port City Economic Commission Act No. 11 of 2021 published under the Gazette Notice Notification. 2339/31 were approved by the Committee on Public Finance. A lengthy discussion was held regarding the 10 business companies active in the Colombo Port City and attention was paid to the problematic situations regarding…
PwC Sri Lanka today announced the retirement of its Territory Senior Partner, Sujeewa Mudalige, effective October 27, 2023, after serving the firm for over 25 years. Earlier the Sri Lanka firm of the PwC network had announced their decision to exit the network. The firm intends to join the Deloitte network, with effect from 28…
The Colombo Stock Exchange (CSE) is pleased to announce a groundbreaking development in the Sri Lankan stock market with the launch of Regulated Short Selling (RSS) through Stock Borrowing and Lending (SBL), with effect from 06 November 2023. The initiative aims to promote market efficiency, liquidity, and investor confidence while fostering economic growth, aligning with…
Emphasizes the role of IT for Sri Lanka’s future and its significance for national success. President Ranil Wickremesinghe addressing the National ICT Awards NBQSA 2023, held in Colombo, yesterday (25), organised by the British Computer Society the Chartered Institute for IT – Sri Lanka Section, emphasized the paramount significance of digital transformation in securing Sri…
Expect to bolster speedier and convenient service to investors The Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), recently signed an agreement with LankaPay, Sri Lanka’s National Payment Network, joining its Online Payment Platform to develop an innovative payment platform to facilitate a seamless and a secure payment experience…
In a strategic move to revitalize Sri Lanka’s domestic economy, the government is placing a strong emphasis on two key components: expanding supply capacity and broadening market access. This multifaceted growth strategy aims to propel the nation toward economic recovery. As part of this endeavour, Sri Lanka is not only looking to strengthen its ties…
Sri Lanka’s Ornamental Fish industry received a much-needed boost from the EDB Ornamental Advisory Committee meeting, which was held recently at the EDB. Chaired by Mr. Sathyendra Wijayapura, Chairman / Ornamental Fish Advisory Committee and attended by Dr. Kingsley Bernard, Chairman / Sri Lanka Export Development Board, prominent figures from the industry, including leaders from…
24 hour cycle race includes Tour De France Stage Winner, RAAM Finisher Promotes sports tourism opportunity & brand marketing platform The 24 hour international bicycle race – Race The Pearl – is back with a collective of riders from the USA, UK, Australia, Germany, France, Netherlands, Belgium, India and Sri Lanka. Tour De France Stage…
Union Bank has issued a statement referring to the proposed acquisition of Culture Financial Holdings Ltd. (a substantial shareholder of shares in Union Bank) by CG Capital Partners Global Pte. Ltd. that was announced in December 2022. On 24 October 2023, the Board of Directors of Union Bank received formal notification that the transaction has…
SAF will be used to power flights from Amsterdam Schiphol and Singapore Changi airports Emirates and Neste have expanded their partnership by solidifying their collaboration for the supply of over 3 million gallons of blended Neste MY Sustainable Aviation Fuel in 2024 and 2025. The sustainable aviation fuel (SAF), which will be blended with conventional…
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