The Government of the Democratic Socialist Republic of Sri Lanka (“Sri Lanka“) announces today (16) that it has held restricted discussions over the past three weeks (the “Restricted Period“) with nine members of the steering committee who agreed to take part in the restricted discussions (the “Steering Committee“) of the Ad Hoc Group of Bondholders…
DFCC Bank successfully launches online acceptance of the leading card scheme, UnionPay International (UPI). The partnership between DFCC Bank, UPI and Bancstac further enhances DFCC Bank’s Internet Payment Gateway Services (IPGS). “DFCC Bank is committed to delivering convenient, ease-of-use, secure and cost-effective payment acceptance methods to support our customers towards achieving their business goals,” said…
Int. Travel Journalists and Social Media Influencers across the globe join hands with Sri Lanka Tourism to promote the new tagline ‘’You Will Come Back for More’’ Sri Lanka Tourism welcomed a group of mainstream international journalists and travel influencers to promote the destination for upcoming Summer and Winter Seasons (2024/25) while highlighting the new…
The partnership with the flag carrier of Sri Lanka is emblematic of UATP’s increasing presence in Southeast Asia and the Indian subcontinent SriLankan Airlines, the national airline of Sri Lanka, has reaffirmed its Merchant status with UATP, the global payment network that enables organizations to simplify payment processes to expand their payment capabilities. As part of the UATP network, SriLankan Airlines…
Top investment banker Sharhan Muhseen and financial services professional Raja Senanayake to lead the Board of country’s largest private sector bank Commercial Bank of Ceylon PLC has announced the appointment of top international investment banker Mr Sharhan Muhseen as Chairman, and financial services professional Mr Raja Senanayake as Deputy Chairman, effective Monday, 22ndApril 2024. Mr…
The Deputy Managing Director of the International Monetary Fund (IMF), Kenji Okamura has commended the Sri Lankan authorities on the implementation of a strong program and excellent reform progress, says Finance State Minister Shehan Semasinghe. Sri Lankan delegation led by Semasinghe met with Mr. Okamura during the IMF-World Bank Group (WBG) Spring Meetings 2024 that…
The Chairman of the Colombo Stock Exchange (CSE) discusses the opportunities for capital raising and Stock Market Outlook for 2024. Give us an overview of the current market landscape and discuss the CSE’s overall outlook for the year 2024. We believe the overall outlook of the CSE, for the year 2024 to be a positive…
World Food Program USA and Lions Clubs International Foundation (LCIF) are pleased to announce a $4 million partnership in support of the United Nations World Food Programme’s homegrown school meals program in four countries. With each organization contributing $2 million to this joint effort, the grant will be a global collaboration, bringing together an international coalition of individuals committed to solving…
Purchasing Managers’ Indices indicate expansions in Manufacturing and Services activities in March 2024. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 62.5 in March 2024, indicating an expansion in manufacturing activities. This marks the highest PMI-Manufacturing that was recorded in three years. All the sub-indices expanded on a month-on-month basis contributing to this increase,…
Reuters – Asian shares fell and gold prices rose on Monday as risk sentiment took a hit after Iran’s retaliatory attack on Israel stoked fears of a wider regional conflict and kept traders on edge. The dollar scaled a fresh 34-year high against the yen on growing expectations that sticky inflationary pressures in the United…
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