10 apparel factories belonging to Vogue Tex, Orit Apparels and Hela Clothing hosted the pilot project 106 women in the apparel sector trained in essential technical and soft skills necessary for their progression and success in leadership roles Over 70% of participants experienced promotions from machine operators to supervisory and executive-level positions The apparel sector…
The highly anticipated “Top50” Professional and Career Women Awards 2023, organized by Women in Management (WIM) in partnership with Women in Work, a collaboration between the International Finance Corporation (IFC) and the Government of Australia, successfully concluded, honouring exceptional women from Sri Lanka and the Maldives who have made remarkable contributions to their respective fields….
The highly anticipated CEO Forum Titled “Building a Global Sri Lanka – Networking the Way Forward,”, featuring the renowned Dr. Ivan Misner, celebrated as the visionary behind Business Network International (BNI) and globally respected as the “Father of Modern Networking.” took place on June 13th at the Cinnamon Grand Colombo, with over 150 business owners…
Don’t be fooled by false advertising – Minister of State for Finance Shehan Semasinghe. During a press conference held today (19) at the Presidential Media Centre, Minister of State for Finance Mr Shehan Semasinghe addressed the issue of false information being disseminated by various parties in the country regarding the domestic debt optimization program. He…
Select Committee on Ease of Doing Business Index stated that steps should be taken urgently as there is still no formal mechanism to regulate the business activities conducted via the internet, and to regulate payments of taxes from the companies involved in such businesses. The above was taken into discussion at the Select Committee of…
Reuters – The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in March. The economy of the country of 22 million is expected…
Automotive Component Manufacturers are optimistic about growth following the Covid-19 and Economic Crisis. President of the Sri Lanka Automotive Component Manufacturers Association (SLACMA), Dimantha Jayawardena said, “I guess the worst is over. Sri Lankan automotive component manufacturers have gone through the toughest business cycle from 2020 and through the current economic crisis.” “Most manufacturers have…
Link Samahan, the flagship brand of Link Natural which is a subsidiary of CIC Holdings, and a leading manufacturer of herbal products, has gained momentum and a remarkable achievement with listing on the online marketplace of Walmart, the American multinational retailer, and Amazon UK. Over the last few years, e-commerce has become an indispensable part…
With more RORO ships calling at the Hambantota International Port (HIP), the port will be adding a further 5000 slots to accommodate transshipment vehicles. HIP, which currently has the capacity to accommodate approximately 28,000 units, services nine main shipping lines who actively use the port for transshipment of RORO cargo. With large volumes expected via…
Cautions that preserving the status quo of failed borrowers at the expense of depositors is not sustainable Stresses need for development of an effective insolvency regime Discloses that moratoriums, restructurings and other forms of payment relief offered over the last three years exceeds Rs 2 trillion The Sri Lanka Banks Association (SLBA) has urged policymakers…
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