The Asia-Pacific Economic Cooperation (APEC) established in 1989 is a regional economic forum with more than 20 members working for the prosperity of the people of the region through regional economic integration. It focuses on the easy commuting of community & commodities across borders. USA & China are key players of APEC. Their annual bilateral…
The Colombo Stock Exchange (CSE) has approved, in-principle, an Application submitted by the Cargills Bank Limited, for the listing of its Ordinary Voting Shares by way of an offer for subscription on either the Main Board or Diri Savi Board of the CSE. The company plans to issue 62.5 million Ordinary Voting Shares at a…
Revenue up by 11% Gross profit increases by 2% Joint ventures in Kingdom of Saudi Arabia, Africa, and Australia Pintharoo Shilpee Abhiman programme to develop the livelihood of painters Sri Lanka’s market leader in wood coatings and emerging regional conglomerate, JAT Holdings PLC, reported robust financial performance for Q2 of FY 2023/24, recently. Most notably,…
An HR Forum organised by the CFA Society Sri Lanka (CFASSL) was held recently at the Oak Room, Cinnamon Grand, Colombo with a focus on ‘Navigating Through a Brain Drain Crisis’. The event was attended by HR leaders across a number of industries. The forum aimed to cultivate discourse among leading industry figures to address…
Sri Lanka’s first revolving restaurant and a banquet hall at a height unparalleled in South Asia set to open in early December 2023 Citrus Leisure PLC introduces ‘Blue Orbit’, South Asia’s tallest restaurant, and Sri Lanka’s first ever revolving restaurant – setting a new benchmark for dining experiences in Colombo. Citrus Leisure is the exclusive…
In a historic move to empower the agricultural sector and strengthen the export economy, President Ranil Wickremesinghe unveiled the “Urumaya” Freehold Deed Program during the first phase of the public awareness campaign for the 2024 budget proposal. The President emphasized that this program is a tribute to the farmers who have been the backbone of…
“Despite external and internal setbacks, BOI achieved 1.8 Billion in total investments with signed and approved projects with FDI Projects of U$ 1.5 Billion” State Minister Dilum Amunugama The baseline forecast is for global growth to slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024, well below the…
The global apparel and textile giant, MAS Holdings, announced the resounding accomplishment of its subsidiaries, MAS Active Trading (Pvt) Ltd and MAS Intimates (Pvt) Ltd, at the distinguished Presidential Exports Awards for 2021/22 and 2022/23. In recognition of the company’s contribution to Sri Lanka’s export sector, MAS Active (Active and KREEDA divisions) secured Sri Lanka’s…
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 23 November 2023, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points (bps) to 9.00 per cent and 10.00 per cent, respectively. The Board…
Plans to establish Agro – Technology University in Sri Lanka. In a significant and forward-looking speech at the 25th Presidential Awards of the Export Development Board (EDB), held Thursday at the Bandaranaike Memorial International Conference Hall (BMICH), President Ranil Wickremesinghe outlined a comprehensive plan to revitalize Sri Lanka’s agricultural sector for export, acknowledging past challenges…
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