UK inflation hits 10.1% in September, matching 40-year high Food prices rise by most since 1980 Pounds slips on data, BoE under pressure to raise rates LONDON, Oct 19 (Reuters) – The biggest jump in food prices since 1980 pushed British inflation back into double digits last month, matching a 40-year high hit in July…
The Board of Investment (BOI) as the catalyst and facilitator of investment promotion, is delighted to announce the launch of the Investor Facilitation Centre (IFC), a dedicated space allocated on the 27th floor at the West Tower of the World Trade Centre (WTC) to provide an efficient and seamless service to investors while streamlining the…
NEW DELHI, Oct 19 (Reuters) – U.N. chief Antonio Guterres on Wednesday sought India’s support in mobilising G20 nations to help out developing countries saddled with debt, with three of India’s neighbours already seeking IMF loans as their economies struggle. India takes over the G20 presidency from Indonesia for a year from Dec 1. India’s…
Rated Sri Lankan corporates in consumer-goods retail, power generation and homebuilding will be among the most affected if the economic crisis deepens or is sustained for a prolonged period, says Fitch Ratings. Significant cost inflation affecting demand and profitability, import restrictions disrupting operations, and high interest rates are key risks faced by domestic corporates in…
Applications for the most prestigious annual sustainability awards, the Ceylon Chamber’s Best Corporate Citizen Sustainability (BCCS) Awards 2022, will close on October 28th, 2022. To be conducted for the 19th consecutive year, the BCCS Awards play a pivotal role in encouraging corporates to adopt best practices relating to environmental, social, and economic sustainability while pursuing…
Sri Lanka Ambassador to the Philippines, Shobini Gunasekera, paid a courtesy call on, Secretary (Minister) of Foreign Affairs of the Philippines Enrique A. Manalo, at the Office of the Secretary in the Department of Foreign Affairs (DFA). Ambassador Gunasekera congratulated Secretary Manalo on his recent appointment and handed over the felicitation letter from Minister of Foreign Affairs…
Dialog Axiata PLC, Sri Lanka’s premier connecitivty provider, announced the appointment of Dr Sharmini Coorey as an Independent, Non-executive Director on the Board, with effect from 15 October 2022. Dr. Sharmini Coorey is a former senior official of the International Monetary Fund (IMF) and currently a member of the Presidential Advisory Group on Multilateral Engagement…
Apparel sector in urgent discussions with Government on FTAs to boost exports With fears of a global economic recession looming, the Joint Apparel Association Forum (JAAF) is actively stepping up engagement with top Government and Foreign Ministry officials to expedite negotiations on Free Trade Agreements (FTAs) to help boost exports and strengthen the industry’s resilience….
Unlocking new opportunities for youth in the growing fast-food sector, Sri Lanka launched its first vocational training kitchen on October 14 at the Technical College in Kuliyapitiya. USAID will develop a new curriculum aligned to global best practices and train vocational trainers and assessors for the program. Funded by a US$ 1.3 million grant from the…
Committed towards supporting the local food and beverage sector adapt to initiating measurable ESG initiatives, help gain investor confidence and generate much needed foreign revenue, PwC Sri Lanka recently concluded a successful and thought-provoking webinar titled “ESG towards a responsible future in the Food and Beverage Industry”. Participated by decision makers in the food and…
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