The Executive Committee Sri Lanka – Korea Business Council (SLKBC) of the Ceylon Chamber of Commerce hosted a dinner meeting with Her Excellency Miyon Lee, the Ambassador of the Republic of Korea to Sri Lanka recently. The meeting covered a wide range of topics including enhancing collaboration and taking proactive measures to explore and leverage…
Super luxury passenger vessel M.V. Aida Bella, operated by Aida Cruises, Germany with 1,900 passengers and 730 crew on board will call at the Port of Colombo on the 9th of November 2023. The vessel consists of 1,025 guest rooms on 13 decks which can accommodate up to 2500 passengers and a crew of 750….
The Executive Board proposes to the Board of Governors a 50 percent quota increase allocated to members in proportion to their current quotas. The quota increase would help safeguard global financial stability by enhancing the IMF’s permanent resources and reducing reliance on borrowed resources. The proposal also includes a call for work to develop, by…
Reuters – Sri Lanka and Argentina remain very vulnerable amid a worsening in global financial conditions while China has suffered a sharp deterioration in financial resilience since pre-COVID times, a think-tank study found on Wednesday. The resilience indicator, published by the Washington-based Center for Global Development, assesses which countries would be most economically and financially…
A delegation from the U.S. International Development Finance Corporation (DFC) led by DFC Chief Executive Officer, Scott Nathan, visited the John Keells Group Head Office yesterday (7th November 2023), to meet with leadership teams of John Keells Holdings PLC and the Adani Group. The DFC which works to drive private-sector investments that advance development and…
The Adani Group is looking at nearby countries for strategic ports infrastructure to integrate supply chain with India acting as a hub, Karan Adani said after the U.S. announced $533-million financing for the port terminal in Colombo, Sri Lanka being developed by the conglomerate. The airports-to-apples group is seriously looking at port operations in Bangladesh,…
Development of CWIT will support the growth of the Sri Lankan economy S. fund will support development of deepwater shipping container terminal in the Port of Colombo Will facilitate private sector-led growth and attract crucial foreign exchange to Sri Lanka to aid in its economic recovery S., Sri Lanka and India to foster an enduring…
The fourth session of the Sri Lanka Economic Summit 2023 conducted by The Ceylon Chamber of Commerce on 28th and 29th November will explore the most effective means to achieving consensus to sustain reforms and growth”. Session 4 will delve into topics including the cost of corruption to businesses and the public, the incorporation of…
Sri Lanka’s largest conglomerate John Keells Holdings PLC has released its interim financials for the second quarter of 2023/2024. Summarised below are the key operational and financial highlights of our performance during the quarter under review: During the quarter under review, the Group’s businesses, except for Transportation and Property, recorded growth in profitability. Group EBITDA…
Report unveiled during 78th UN General Assembly Talawakelle Tea Estates (TTE PLC), a Hayleys Plantations company, has earned prestigious recognition as the sole representative from Sri Lanka to be featured in the United Nations Global Compact-Accenture Global Private Sector SDG Stocktake Report 2023. The report, unveiled during the 78th UN General Assembly, acknowledges exemplary contributions…
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