In a groundbreaking event, sixty micro, small, and medium enterprises (MSMEs) from the Central and Uva provinces converged at the Darrawella Club, unveiling their innovative strategies poised to capitalize on the economic growth opportunities emerging from The Pekoe Trail. These enterprising individuals, partaking in The Pekoe Trail Business Incubator, passionately shared their transformational business plans…
The Ceylon Chamber of Commerce is proud to announce the launch of the Sri Lanka – Indonesia Business Council (SLIBC). The launch of the SLIBC extends the Ceylon Chamber’s global business and industry network, enhancing Member’s access to business and trade promotion opportunities, while promoting economic cooperation between the two countries. Chief Guest at the…
By Kimuthu Kiringoda and Himani Vithanage In Sri Lanka, only 7.7% of working-age females are engaged in formal employment with decent wages and decent working hours. The country’s persistent challenge of low female labour force participation is compounded by a multitude of unique barriers to improving women’s access to decent work. Decent work is multifaceted,…
The Ceylon Chamber of Commerce called for a new economic model focused on export-led investment and tourism, and facilitating the private sector as the engine of growth to build a sustainable business environment, at the recent India-Sri Lanka Business Summit in Colombo. The event brought together key figures, including Hon. Dinesh Gunawardena, Prime Minister of…
Latest ‘Mood of the Nation’ poll shows a large reversal in sentiment The approval rating of the government fell from 21% in June 2023 to 9% in October 2023 according to the latest round of the Gallup style ‘Mood of the Nation’ poll of Verité Research. The survey showed that satisfaction with the state of…
What is Stock Borrowing and Lending (SBL)? Stock Borrowing & Lending (SBL) is a mechanism that is introduced by the Colombo Stock Exchange (CSE) through the Central Depository System (CDS) to facilitate the lending and borrowing of shares among investors. SBL involves connecting lenders of shares with borrowers for a pre-determined period and interest rate….
Calls for industry-led solutions to achieve market penetration and growth in the Digital Economy. The ‘INFOTEL Information Technology Exhibition,’ organized by the Federation of Information Technology Industry Sri Lanka (FITIS), kicked off at the Bandaranaike International Conference Hall (BMICH) today (03). This event, aptly themed ‘Fuelling the Digital Economy,’ aligns with President Ranil Wickremesinghe’s visionary…
Union Bank was able to continue a steadfast performance in the 9 months ended 30 September 2023 recording a notable improvement in the core banking performance with an overall income of LKR 17,314 Mn, a 36% increase over the comparative period. Net Interest Income (NII) was a key driver for the increase in the Bank’s…
In a significant event held in Colombo, the exchange of bilateral documents took centre stage, marking the initiation of projects supported by a generous USD 15 million grant from the Government of India. This grant is specifically allocated to bolster the longstanding Buddhist connections between India and Sri Lanka, underscoring the deep historical and cultural…
Both aviation and non-aviation companies are showing interest Indian companies have shown interest in acquiring a stake in SriLankan Airlines, an official overseeing the divestment of the government-owned carrier told businessline on Wednesday. On Tuesday, the Sri Lankan government issued a request for qualification for privatisation of its national carrier. Sri Lankan government holds over 99 per…
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