The Colombo Stock Exchange (CSE) Mobile app has exceeded 300,000 downloads with a turnover contribution of LKR 135 billion since its inception in 2020. The CSE Mobile App has had traction from locally as well as from overseas. Data depicts that 85% of the downloads are from Sri Lanka. Furthermore, the data also shows, there…
AFP – Zambia, Africa’s biggest copper producer, defaulted on its $18.6 billion external debt in 2020 and Sri Lanka followed in 2022, defaulting on $46 billion of loans, with China the biggest creditor of both nations. France said Beijing was on board to discuss restructuring both countries’ debts at the summit in Paris attended by Chinese…
Advances reconciliation efforts and achieves milestones in Tamil areas. In a determined push to address Sri Lanka’s debt crisis and foster reconciliation, President Ranil Wickremesinghe outlined plans to finalize the debt restructuring process by September. Collaborating closely with parliament, the President aims to develop a comprehensive strategy for resolving the nation’s financial burdens. President Ranil…
By Indika De Zoysa The global digital economy is poised for significant growth and transformation in the coming years. With technology advancements and increasing connectivity, the digital economy has become a vital driver of global economic activity. Looking ahead, several key trends and outlooks shape the future of the digital economy. Firstly, the adoption of…
Renowned shipping and logistics veteran Rohan Masakorala highlighted the need to implement reforms that align with evolving industrial practices, at a recent discussion forum on the topic of “Does Sri Lanka Have a Future in Shipping and Logistics? Or Have we Lost it?”, organised by the Sri Lanka-Italy Business Council (SLITBC) of The Ceylon Chamber…
Global growth is showing near-term resilience but with core inflation remaining stubbornly high, central banks will have to continue tightening policy in the coming months, says Fitch Ratings in its June Global Economic Outlook (GEO), released today. With monetary policy adjustments and their impact on the economy proving more protracted, the global growth outlook for 2024…
LankaPay, the National Payment Network of Sri Lanka, has embarked on a new strategic vision, aimed at reinforcing its position within the region and enhancing its contribution to the island nation. In pursuit of this ambitious goal, the company has recently launched a comprehensive business and organizational development strategy, accompanied by a significant internal restructuring…
A new high-performance premium commercial vehicle tyre has begun rolling off the production line at CEAT Kelani Holdings, Sri Lanka’s largest manufacturer of pneumatic tyres. The CEAT Winmile X3 AW is a Truck Bus Radial (TBR) in the 295/80 R22.5 TL size, making it an ideal replacement tyre for heavy trucks including prime movers, fuel…
The Colombo Stock Exchange (CSE) is to conduct a planned full day of trading from the Disaster Recovery site using Automated Trading System Disaster Recovery Solution on Friday, 23rd June 2023. The exercise will be an industry wide activity with the participation of all stakeholders, to ensure the preparedness of all participants to meet the…
The farmer who ventured from the fields to the “Aragalaya” has returned to the farmlands, making valuable contributions to the country’s agricultural production – Minister of Agriculture Mahinda Amaraweera. During a press briefing on the theme of ‘Collective path to a stable country’ held at the Presidential Media Centre, Minister of Agriculture Mahinda Amaraweera announced…
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