The pound has fallen to a record low against the dollar as markets react to the UK’s biggest tax cuts in 50 years. BBC – In early Asia trade, sterling fell close to $1.03 before regaining some ground to stand at about $1.06 on Monday morning, UK time. Chancellor Kwasi Kwarteng has promised more tax cuts on…
At the recently held strategic forum titled ‘Sri Lanka’s turnaround strategies and the role of the international community’ that was hosted by the Postgraduate Institute of Management Alumni (PIMA), it’s Keynote speaker the Governor of the Central Bank Sri Lanka Dr. Nandalal Weerasinghe said, they are now preparing a turnaround strategy required to bring the…
The latest bi-annual Export Barometer Survey indicates that exporters are increasingly concerned about the implications of the expected contraction of the Sri Lankan economy in the latter half of 2022 on export orders, with SMEs particularly vulnerable to the intensifying economic crisis. The third in a series of surveys conducted by the Ceylon Chamber of…
India became the top bilateral lender to SL in 2022 after much needed crisis recovery assistance it provided. The Asian Development Bank is the largest multilateral lender next to India. From 2017 till 2021 China was the largest bilateral lender (Ref. financial sources). Many in the west and some in SL are still worried about the…
Entries open from 23rd September to 25th October 2022 Sri Lanka Institute of Marketing (SLIM), the apex body for Sri Lankan Marketers, has opened entries for the 2022 edition of SLIM DIGIS from the 23rd of September until the 25th of October 2022. SLIM DIGIS celebrates and rewards outstanding work and talent within the digital…
The inaugural edition of the International Trade Expo, ITE Maldives 2022, Buyer-Seller Meet Mart successfully concluded in Male. ITE Maldives 2022 – Buyer Seller Meet Mart, a Business-to-Business meeting platform was jointly organised by Aitken Spence Conventions & Exhibitions, Sri Lanka, and Ace Travels Maldives (Pvt) Ltd under the patronage of the High Commission of…
Reuters – Japan, one of Sri Lanka’s main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo’s envoy to the country said on Friday. Reaching an agreement with creditors is key to Sri Lanka…
Sri Lanka Convention Bureau successfully conducted educational sessions for the MICE Industry recently. Sri Lanka Convention Bureau (SLCB), is the premier tourism entity promoting international Meetings, Incentives, Conferences, and Exhibitions (MICE) in Sri Lanka. They organized this MICE Training program for MICE Sector to educate them on the current trends, demands, and opportunities. The event…
The Sri Lanka Agripreneurs’ Forum (SLAF) is the single professional agri-entrepreneurial organization that represents approximately 30% of the country’s workforce. , Addressing the need of the hour, SLAF recognized the dire need to positively intervene in the current food crisis in Sri Lanka and thus met with the Hon. Minister of Agriculture Mahinda Amaraweera on…
Reuters – Crisis-hit Sri Lanka will begin on Friday the tricky task of debt renegotiation with a raft of private and bilateral creditors, including China, India and Japan, to restructure and repay nearly $30 billion that it owes. WHY THE NEED TO RESTRUCTURE DEBT? Years of economic mismanagement and the fallout of the COVID-19 pandemic…
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