The Ceylon Cinnamon GI Association, a prominent advocate for preserving the authenticity and heritage of Ceylon Cinnamon, successfully convened its inaugural Annual General Meeting (AGM) on August 4th. The event took place at the elegant Balmoral hall of The Kingsbury Hotel and was attended by a diverse assembly of over 200 participants representing various sectors…
“USAID is working with MSMEs to improve their ability to attract private capital. Through enrollment in the MSME Funding Readiness Program, businesses can unlock fresh pathways for growth, capitalize on capital market opportunities, and contribute to the nation’s economic prosperity.” – Mr. Mark Peters- Economic Growth Advisor, USAID. “A listing will not only strengthen your…
First Capital Holdings PLC (the Group) announces its outstanding financial performance for the first quarter ended June 30, 2023. The Group reported an impressive Profit after Tax of Rs. 2.81 billion, marking a remarkable leap from Rs. 96 million recorded in the same period last year. Among the key divisions, the Primary Dealer segment demonstrated…
The Employees’ Provident Fund Department of the Central Bank of Sri Lanka (CBSL) requests the public and all entities to refrain from engaging in any unlawful activity of producing forged documents related to Employees’ Provident Fund (EPF). Further, all members and employers of the EPF are hereby requested to keep all their EPF related documents…
Settlement of Exchange of Outstanding Eligible Sri Lanka Development Bonds (SLDBs) for Five (5) New LKR Treasury Bonds pursuant to the Domestic Debt Optimisation Programme (DDO) Further to the SLDB Exchange Memorandum dated 04 July 2023 (the “Exchange Memorandum”) published by the Ministry of Finance, Economic Stabilization and National Policies and subsequent announcement of results…
The National Packaging Centre (NPC) has permanently been established in the Sri Lanka Export Development Board (EDB) premises to support the growth of the local manufacturing industry in Sri Lanka. Additionally, a packaging design display unit has also been inaugurated to showcase innovative packaging designed locally by using indigenous packing materials. The inauguration took place…
This marks the brand’s debut in the international market ISSO restaurants, with four outlets established in Sri Lanka and three more in the pipeline for the year, proudly goes international to the depths of the Southeast Asia region, signing with Luna Capital Partners Sdn Bhd, an investment fund based in Malaysia that operates across various…
The Securities and Exchange Commission of Sri Lanka (SEC) and Colombo Stock Exchange (CSE) successfully conducted another investor forum in Negombo at Jetwing Blue on 12th August 2023. The forum was organized with the objective of raising awareness of the importance of investor education and investor protection. The forum attracted approximately 130 participants, including professionals…
Marina Square – Uptown Colombo, Sri Lanka’s first and largest harbor-front mixed development, celebrated a significant milestone by topping off Tower Cove, the fourth of the project’s five towers to be completed structurally. This also marks the completion of the 6th milestone of a standard schedule and the completion of structural work of 125 apartment…
Reuters – An International Monetary Fund (IMF) staff team will visit Colombo in a month’s time for the first review on Sri Lanka’s loan programme, a spokesperson said on Tuesday. The Washington-based lender approved a nearly $3 billion bailout for crisis-hit Sri Lanka in March. The Asian island is struggling with its worst financial crisis in over…
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