Sectoral Oversight Committee on Foreign Employment & Labor instructs the Central Bank Sectoral Oversight Committee on Foreign Employment & Labor instructs the official representing the Central Bank to submit a report on the institutions in which the money pertaining to the Employees Provident Fund has been invested. This directive was given at the Sectoral Oversight…
Executive Director/Deputy CFO Ranga Abeynayake becomes Chief Operating Officer General Manager – Marketing Samitha Hemachandra appointed Deputy COO Ceylinco Life has announced the appointments of Messrs Ranga Abeynayake and Samitha Hemachandra as Chief Operating Officer and Deputy Chief Operating Officer respectively, following the creation of the two positions as part of the Company’s leadership pipeline…
Business Sentiment – Index Comes Under Pressure At best, there’s been a lull in the psyche of businesspeople; as a worst case, the time to take stock following the IMF’s US$ 3 billion Extended Fund Facility (EFF) approval on 20 March has resulted in a reality check of what Sri Lanka will have to endure…
Port City Colombo, Sri Lanka’s greenfield land reclamation project, is pleased to commemorate World Environment Day 2023 by sharing its commitment to sustainable development and environmental stewardship. Recognizing the importance of social responsibility and its impact on stakeholders, Port City Colombo has made it a key pillar of the project. This commitment is demonstrated across…
At the invitation of the International Monetary Fund (IMF) The Ceylon Chamber of Commerce recently briefed key representatives of the IMF on recent economic developments in Sri Lanka, and their impact on the country’s economic trajectory. The meeting comprised high-level representatives of the IMF Mr. Kenji Okamura, Deputy Managing Director – IMF, and Ms. Anne-Marie…
By Prof Samitha Hettige Asia’s foremost defense summit is the Shangri la Dialogue held in Singapore. SL’s Galle dialogue is expected to go on same lines. Senior defense officials come there to debate region’s security challenges & take fresh approaches together. A review of the past indicates that some members use it to teach others about…
The Asian Palm Oil Alliance, a multilateral body representing the industry in Asia, Solidaridad, a global network that supports smallholder farmers and workers, and the Palm Oil Industry Association of Sri Lanka, came together at a joint press conference, held at the OPA Auditorium in Colombo 07, on the 30th of May 2023. The event…
By Jagathdeva Vidanagama PhD World Environment Day should drive focus on decarbonisation of Sri Lankan industries Sri Lanka’s Energy Savers are industry leaders and energy practitioners who are determined to help the country slash energy waste and greenhouse gas emissions. They explain what they are doing to decarbonize Sri Lankan industries and why the time…
A one-day conference was successfully concluded titled “Empowering SMEs through Data Security, Cyber Security and Innovation”, organized jointly by the Federation of Information Technology Industry Sri Lanka (FITIS) Professional Chapter which comprise the Information Systems Audit and Control Association of Sri Lanka (ISACA) and the United States Agency for International Development (USAID) CATALYZE Sri Lanka…
Fitch Ratings – Global trade is now slowing sharply after a rapid post-pandemic recovery in 2021 and 2022, Fitch Ratings says in a new report. Monetary tightening, fading fiscal support and service sector reopening are now weighing on global goods demand, which leapt extraordinarily during the pandemic. World industrial production is also decelerating rapidly. Services trade…
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