Energy transition creates opportunities for faster, cleaner growth South Asia is expected to grow by 5.8% this year—higher than any other developing country region in the world, but slower than its pre-pandemic pace and not fast enough to meet its development goals, says the World Bank in its twice-a-year regional outlook. Released today, the latest…
Tax administration modernization strategy essential to increase revenue collection Sri Lanka’s economy is expected to grow by 1.7% in 2024 after contracting by 3.8% in 2023, says the World Bank in its twice-a-year update, while signaling that the outlook is clouded with uncertainty and that growth prospects depend on progress with debt restructuring and the…
New sustainable bond issuance aimed at Empowering emerging entrepreneurs and fostering economic resilience. LOLC Group, a recognized conglomerate in the international SME sector, has empowered 1.3 million clients worldwide, promoting financial inclusion and independence. LOLC Group offers ethical and socially impactful products and services aligned with UN Sustainable Development Goals (SDGs). With a global footprint…
Sri Lanka’s economy is expected to grow by 1.7% in 2024 after contracting by 3.8% in 2023, the World Bank said in its twice-a-year update on Tuesday. The World Bank said that the outlook is clouded with uncertainty and that growth prospects depend on progress with debt restructuring and the implementation of critical structural reforms….
The 31st Annual General Meeting of the Sri Lanka – Pakistan Business Council (SLPBC) of the Ceylon Chamber of Commerce was held on 20th September, 2023 at the Hilton Colombo Residences with the presence of His Excellency Major General (Rtd) Umar Farooq Burki, High Commissioner of Pakistan in Sri Lanka as the Chief Guest who…
By Indika De Zoysa Social media platforms have become the epicentre of our collective digital discourse in an age defined by the relentless pace of technological advancement. These platforms have revolutionised how we communicate and emerged as influential players in the realm of politics, particularly during elections. I have observed with keen interest the profound…
UAE Investment Forum was a watershed moment, thrusting Sri Lanka and Port City Colombo into the limelight of the investor community Khaleej Times – This momentous event was orchestrated by a coalition of distinguished figures and institutions, including the Niranjan de S Deva Aditya, former British and European MP and Deputy Lieutenant to King Charles…
Representatives of top corporations in the UAE, accompanied by high-potential investors, property developers, hotel owners, and leaders in the hospitality and real estate industries, converged in the iconic settings of the Ritz Carlton in Abu Dhabi and the Armani Hotel at Burj Khalifa in Dubai to explore, understand, and assess the investment potential of Sri…
Bloomberg – The US government said a bondholder’s lawsuit against Sri Lanka over the country’s historic debt default should be put on hold. In a statement of interest filed Monday in New York federal court, the US backed the Sri Lankan government’s request to delay a lawsuit by Hamilton Reserve Bank Ltd. seeking full payment…
The Sri Lanka Retailers’ Association (SLRA) is set to host the retail industry’s premier knowledge event, the Sri Lanka Retail Forum 2023, commencing at 9.00 am on 19th October 2023, at the Shangri-La Hotel Colombo. Conducted this year under the theme “Sparking Success: Reigniting the Flame of Retail Growth”, the Forum will explore emerging trends…
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