In collaboration with the Export Development Board, the Embassy of Sri Lanka in Jakarta organized a virtual meeting on 03 April 2023 to connect M+ Software of Indonesia to Sri Lankan ICT industry associations. The purpose of the meeting is to explore potential collaboration in the ICT industry. At the virtual meeting, Ambassador of Sri…
By Dhananath Fernando I remember a litre of diesel being about Rs. 16 during my school years. I took the bus to school or sometimes, a very old Toyota van. When the bus or van stopped at the filling station, I would watch with curiosity how the filling station attendant pumped fuel. The price was…
Sunshine Holdings (CSE: SUN) announced the appointment of Reyaz Mihular to the Company’s Board as an Independent Non-Executive Director with effect from 06 April, 2023. With the new appointment, the Board of Sunshine Holdings will be comprised of 12 Directors, eight of whom are non-executive, independent directors. Reyaz served as the Managing Partner of KPMG…
The post-IMF scenario may have a positive impact on a better business ecosystem in the country and it is evident that the real estate and construction industry already show signs of acceleration. M/s Keonn Investments (Pvt) Ltd recently entered into an agreement with the Board of Investment of Sri Lanka for their new business venture…
Sri Lanka Skills Expo 2023 will take place at the Sirimavo Bandaranaike Memorial Exhibition Centre (SBMEC) at the BMICH in Colombo on May 12th, 13th, and 14th, 2023. A ground-breaking event aimed at showcasing new and emerging techniques in 5 key sectors and providing opportunities for job seekers to find employment across these industries, the…
Sri Lanka Embassy in Jakarta in collaboration with the Joint Apparel Association Forum of Sri Lanka (JAAF) organized a virtual networking session on 27 March 2023 to achieve a win-win situation for both countries in the apparel sector by sourcing fabric from Indonesia. Representatives from an Indonesian fabric manufacturing company namely PT. Ocean Asia Industry…
Central banks in the larger frontier markets (FM) continue to tighten monetary policy as annual CPI inflation rates climb while others are keeping interest rates elevated despite CPI inflation cooling, as illustrated in Fitch Ratings’ latest Frontier Vision chart pack. FM central banks tightened monetary policy further in 1Q23 with interest rate rises in: Azerbaijan,…
The Ceylon Chamber notes with satisfaction the steps taken to implement crucial economic reforms. It is important to maintain the reform momentum under the IMF program, in order to meet the program requirements, as well as implement structural reforms that will ensure sustainable revival. The Chamber appreciates the steps taken by policymakers in the Power…
Huawei plans to develop fifty thousand ICT talents in South Asia in the next five years. The strategy will include various programs like building ICT academies, different ICT and startup competitions, online course enrollment, fresh employee recruitment, etc. The announcement has come in an event titled ‘Building a Smart Talent Ecosystem, In South Asia, For…
The Securities and Exchange Commission of Sri Lanka (SEC) has issued a directive to the Colombo Stock Exchange (CSE) to extend trading hours from next Monday, 10th April 2023. The trading hours are set out below: Pre-open session – 09.00 a.m. to 9.30 a.m. Open Auction – at 9.30 a.m. Regular Trading – will commence…
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