Says partnership will enable Bank to lend more to SMEs, including those owned by women The Commercial Bank of Ceylon has announced a collaboration with the International Finance Corporation (IFC) to build a Supply Chain Financing (SCF) strategy that will enable the Bank to lend more to Small and Medium Enterprises (SMEs) and establish itself…
The LOLC Microfinance Bank inaugurated its latest branch in the Blue Area of Islamabad. The High Commissioner of Sri Lanka to Pakistan Admiral Ravindra C. Wijegunaratne graced the opening ceremony as the Chief Guest on 22 March 2024. Addressing the gathering, the High Commissioner emphasized the significance of promoting financial inclusion and acknowledged the pivotal…
Second industry dialogue focuses on industrial decarbonization Discussions about achieving commitment to reduce industry GHG emissions by 7 percent by 2030 Industries employ 30 percent of nation’s workforce, contributes second-highest share of GDP, but consume significant fossil fuel imports Representatives from Sri Lanka’s business community, government, and the finance sector convened in Colombo to discuss…
A delegation from the Thai Prime Minister’s office visited the Hambantota International Port (HIP) to explore opportunities and understand how the port operates under the public private partnership between the government of Sri Lanka and CM Port. The 8 member delegation included Ms Wannaporn Niyomthong, Deputy Director from Directorate 8 of Thailand; Surapat Phosaen, Minister…
Chinese President Xi Jinping met PM Dinesh Gunawardena in Beijing last week & remembered the historic affinity & especially the spirit of the 1952 Rubber Rice pact signed before establishing diplomatic relations in 1957. He wished the ancient friendship to move forward with consolidated mutual trust, expanded practical cooperation, & advanced high quality Belt &…
In the landscape of modern mobility, a quiet revolution is underway, reshaping how we navigate our lives and interact with our environment. New Energy Vehicles (NEVs), a category encompassing electric vehicles (EVs), plug-in hybrid electric vehicles (PHEVs) and other alternative options, are emerging as the vanguard of sustainable living. These automobiles herald a future where…
Reuters) – Vietnam’s gross domestic product in the first quarter grew 5.66% from a year earlier as exports boomed, government data released on Friday showed, despite higher shipping costs due to turmoil in the Red Sea. Growth in the January-March quarter for economy was faster than the expansion of 3.41% in the same period last…
The UK Trade Partnership Programme project in Sri Lanka, funded by the Government of the United Kingdom and implemented by the International Trade Centre (ITC), aims to promote exports by facilitating access to markets, providing technical advisory services to SMEs, and strengthening business support organizations. The recently concluded training and validation workshop, conducted by the…
Nissan to strengthen product portfolio, advance electrification, introduce new ways of developing and manufacturing, and harness partnerships to achieve Ambition 2030 vision Nissan targets additional 1-million-unit sales compared to fiscal year 2023 and operating profit margin of more than 6% by end of fiscal year 2026 30 new models to be launched by fiscal year…
The Sri Lanka Association of Non-State Higher Education Institutes (SLANSHEI) held its Annual General Meeting on 22nd March 2024 at Waters Edge, Battaramulla. Dr. Dayan Rajapaksha who was re-elected as the President of SLANSHEI for another term welcomed the gathering. The SLANSHEI membership consisted of 14 Higher Education Institutions. The main objectives of SLANSHEI are…
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