Thirteen of the leading companies listed on the Colombo Stock Exchange (CSE) have pledged their support to increase women’s representation at both their management and board levels. The move comes as IFC partnered with the CSE for the eighth consecutive year for the ‘Ring the Bell for Gender Equality,’ celebrated in line with International Women’s…
SriLankan Airlines celebrated the power of women in the airline with a flight operated by an all-female crew on Women’s Day 2023. Flight UL131 departed to Trichy on the morning of 8 March 2023 and was staffed by Captain Chamika Rupasinghe; First Officer Bimalee Jeewandara; Purser Roshani Dissanayake; Cabin Supervisor Upuli Warnakula; and Flight Attendants…
The latest high-tech manufacturing facility of Lanka Bio Fertilizers (Pvt) Ltd located in Millewa, Horana was recently opened by Minister of Agriculture Hon. Mahinda Amaraweera. This modern facility is comprised of 40,000 sqft of production floor area and is capable of manufacturing over 1 million litres of Biofertilizer per annum. Lanka Bio Fertilizers (Pvt) Ltd…
By Lakshila Wanigasinghe Written for International Women’s Day on 08 March 2023. Technology plays an important role in modern society. It connects, innovates, and transforms economies and societies at large. Yet, women and girls continue to have limited access to technology. This gender bias is also present in Sri Lanka, where women comprise of over…
ITB – The world’s leading travel and trade show opened in Berlin, Germany on 7th March 2023 on a positive note. With more than 10,000 exhibitors, from 60+ countries and around 160 000 trade visitors, ITB is considered as one of the most important events in the travel and tourism industry. Sri Lanka Tourism Promotion…
The Deputy Ambassador of the Chinese Embassy in Colombo Mr. Hu Wei officially presented the financial assurance letter issued by the Exim Bank of China to Mr. Mahinda Siriwardena, the Secretary of the Ministry of Finance at the Presidential Secretariat Tuesday afternoon (07). Mr. Hu Wei revealed that large–scale Chinese companies are looking forward to…
Sri Lanka’s official reserve assets at the end of February 2023 stood at USD 2,217 million, according to the Central Bank of Sri Lanka (CBSL). This indicates an increase of 4.5% from the official reserve asset figure of USD 2,121 million in January 2023. However, the current official reserve assets include the swap facility from…
The Managing Director of the International Monetary Fund (IMF) has welcomed the progress made by the Sri Lankan authorities in taking decisive policy actions and obtaining financial assurances from all major creditors including China, India and the Paris Club. In a statement, Kristalina Georgieva said she looks forward to presenting the IMG-supported program to the…
SL boast of 2500 years of civilized administration but it’s clear that there was chaos & conflict most of the time. Despite Buddha’s private visits, emperor Ashoka’s strategic intervention making Buddhist monks playing influential roles as advisors, our penal code largely depended on the 32 methods of controlling human behavior (Dethis Wadhaya) till 1948. That…
The Central Bank of Sri Lanka (CBSL) has implemented several schemes of debt moratoria and concessions to assist the borrowers affected by the COVID-19 outbreak and subsequent macroeconomic developments, through Financial Institutions (FIs) supervised by CBSL. These schemes included extended repayment periods, concessionary rates of interest, working capital loans, debt moratoria and restructuring/rescheduling of credit…
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