First Capital Holdings PLC, a Janashakthi Group company, recently joined the Jaffna International Trade Fair in the interest of spreading awareness and enhancing knowledge on investment banking products and services amongst the Jaffna business community. As a leading full-service investment institution, First Capital brought a plethora of information on investment banking and engaged with the…
Expands sourcing beyond traditional coconut triangle to North and East Works with women to improve social impact and household income Accommodation and transportation set up to facilitate female workforce in the region Expanding its supplier base for coconut-related raw materials, Sri Lanka’s leading manufacturer of value-added coconut fibre products and a subsidiary of the Hayleys…
Advocata Institute is launching a policy action group, “Women’s Policy Action Network” (WPAN) supported by the Kingdom of the Netherlands, advocating for policy reforms enabling women’s economic empowerment. The event will be hosted under the theme of “reforms to empower women during an economic crisis,” envisioning a revamping of a much needed policy reform through…
The Supporting Effective Dispute Resolution (SEDR) project, funded by the European Union and implemented by the British Council in partnership with The Asia Foundation, launched a Policy Brief titled ‘Strengthening A Just Alternative’ to strengthen community-based alternative dispute resolution (ADR) mechanisms in the country. The launch event, held at the British Council Library in Colombo,…
Sri Lanka’s payment cards domain took a giant leap today when the Commercial Bank of Ceylon in collaboration with LankaPay launched a national credit and debit card with international acceptance. This National Card Scheme is an initiative implemented by LankaPay in partnership JCB International Co. Ltd, the Japan-based international card, with over 150 million cardholders…
Fitch Ratings-London: There have been 14 separate default events since 2020, across nine different sovereigns, a marked increase compared with 19 defaults across 13 different countries between 2000 and 2019, says Fitch Ratings in a new report. A record five Fitch-rated sovereigns are in default: Belarus, Lebanon, Ghana, Sri Lanka and Zambia Moreover, Fitch rates…
Sri Lanka will hold a virtual presentation tomorrow (30) to update its commercial creditors and investors following the receipt of IMF Executive Board approval for the bailout package. The investor and creditor presentation will commence at 8.30 a.m. on March 30, chaired by Central Bank Governor Dr. Nandalal Weerasinghe and Finance Ministry’s Secretary Mahinda Siriwardana….
Considering the recent public inquiries and the developments observed relating to cryptocurrencies, which are also commonly referred to as “crypto”, the Central Bank of Sri Lanka (CBSL) wishes to reiterate to the public of the significant risks associated with using and investing in cryptocurrency. Cryptocurrency is a type of virtual currency that is generated by…
Sri Lankan consumers voted Dialog as the ‘Telecommunication Brand of the Year’ for a record twelfth year running at the prestigious SLIM-KANTAR People’s Awards 2023. Voted for by the public to recognise brands that have made a profound impression in the minds of the people of Sri Lanka, the People’s Awards crowns the brands that…
The fourth round of negotiations on the proposed Sri Lanka-Thailand Free Trade Agreement (SLTFTA) was held in Colombo from 27 to 29 March 2023. This initiative aligns with the President’s vision of enhancing economic relations with large and emerging economies, with a particular focus on ASEAN countries. On March 26, a 35-member Thai delegation led…
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