In a significant move towards attracting export-oriented businesses to Port City Colombo, CHEC Port City Colombo (Pvt) Ltd recently entered into a partnership with the Sri Lanka Export Development Board (EDB). A memorandum of understanding (MoU) was signed between the two parties to this effect at a special ceremony held on the 26th of April…
The United Nations Development Programme (UNDP) in Sri Lanka and the Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) to establish a partnership aimed at leveraging Sri Lanka’s capital markets for sustainable financing. This collaboration is intended to support and encourage private sector stewardship and embed sustainability as an important element of business…
Federation of Information Technology Industry Sri Lanka (FITIS), the apex body of the ICT industry, is continuing to assist the Government of Sri Lanka in its journey towards the Digital Transformation. Working very closely with the Ministry of Technology, FITIS contributed to the formulation of National Digital Economy Strategy – 2030 since its inception through…
With representatives from several foreign embassies represented in Sri Lanka visiting the Hambantota International Port (HIP) to investigate business opportunities, the Sri Lanka Foreign Ministry organised a port visit for its ambassador designates. In line with that, Sri Lankan ambassadors designated to 8 countries were taken on a guided tour of HIP and followed a…
Minister of Foreign Affairs of Japan Yoko Kamikawa is scheduled to undertake an official visit to Sri Lanka from 04-05 May 2024. During this visit, the Japanese Foreign Minister is scheduled to pay courtesy calls on President Ranil Wickremesinghe and Prime Minister Dinesh Gunawardena. The Japanese Foreign Minister and her delegation will have official discussions with the Foreign Minister…
Net Interest Income for the quarter 2,884 Mn, up by 42% Net Fee and Commission Income for the quarter 398 Mn, up by 17% Operating Profit for the quarter 1,105 Mn, up by 43% Profit before Tax for the quarter 796 Mn, up by 47% Profit after Tax for the quarter 363 Mn, up by…
Virtusa Corporation, a global provider of digital engineering and IT services, proudly hosted the first-ever LinkedIn (LI) community event in Sri Lanka, dubbed “Connect Colombo.” The landmark event took place at the Courtyard by Marriott, marking a significant milestone in the country’s professional networking landscape. Bringing together over 200 industry leaders and mid to senior-level…
Emphasizes People’s Role in Determining Nation’s Economic Trajectory. President Ranil Wickremesinghe emphasized the government’s aim to create a highly competitive, export-oriented economy based on market economy, expressing full faith in the business community of the country. He pointed out that the current challenge facing the nation is not about maintaining the executive presidential system but…
In a significant acknowledgment of its contribution towards the development and growth of the national economy, Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, was recognised by the Board of Investment (BOI) as the largest FDI Contributor. This prestigious accolade, presented during the BOI’s 45th anniversary celebrations, underscores Dialog’s unwavering commitment to driving forward Sri…
Ceylon Tobacco Company PLC (CTC) announced the appointment of Fariyha Subhani as Managing Director and Chief Executive Officer, effective 15th April 2024. Subhani takes over the reins as Managing Director from Monisha Abraham, who was appointed to the position in December 2021. Prior to joining CTC, Fariyha served as Managing Director for Upfield (Private) Limited, South & Central Asia, a…
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