The Chairman of the China Merchants Group (CMG), China’s largest diversified conglomerate, who was on a visit to Sri Lanka says the Group’s latest investment plans will up its accumulated investments in the island to reach nearly 2 billion US Dollars. Chairman Miao Jianmin, who is on his first visit to the country, attended a…
In a bid to create a business-friendly environment in the country, the Presidential Secretariat has organized 54 institutions that provide investor facilitation services under seven Task Forces on the directives of President Ranil Wickremesinghe. The aim is to simplify the processes involved, reduce the time taken, and make information readily available to increase efficiency. Task…
The South Asia Cluster Chief Executive Officer for Standard Chartered, Zarin Daruwala, is currently being hosted by Standard Chartered Sri Lanka. With the focus of further deepening the Bank’s long-standing strategic partnership with the nation’s public and private sectors and help support the nation towards rebuilding its economic prosperity, Zarin is due to hold discussions…
Total Investment of LKR 4 billion in its journey of nourishing a million Sri Lankan lives Reinforcing its commitment to the nation, Unilever Sri Lanka, an organisation that has been deep-rooted in Sri Lanka over the past 85 years, has embarked on a journey to localise the production of its malted food drink brands with…
In a bid to revive the country’s struggling economy, Sri Lanka has implemented a comprehensive economic reforms agenda. The government has initiated several key recovery strategies, with the establishment of a National Productivity Commission being a flagship project. Despite on-going economic constraints, the government allocated funds for the commission’s establishment in the Budget 2023. An…
Dialog, Axiata Group and Bharti Airtel sign binding term sheet to combine operations in Sri Lanka Dialog Axiata Plc (“Dialog”), Axiata Group Berhad (“Axiata”) and Bharti Airtel Limited (“Airtel”) (collectively “the Parties”), have entered into a binding term sheet to combine operations of Bharti Airtel Lanka (Private) Limited, Airtel’s wholly-owned subsidiary with Dialog, a subsidiary…
By Securities and Exchange Commission of Sri Lanka Sustainable Financing Sustainable finance refers to any form of financial service integrating Environmental, Social and Governance (ESG) criteria into the business or investment decisions for the lasting benefit of both clients and society at large. Presently, a number of securities regulators are focused on whether the sustainable…
The Ambassador of the Republic to Korea His Excellency Santhush Woonjin Jeong hailed the exceptional role the Sri Lanka Korea Business Council (SLKBC) of the Ceylon Chamber of Commerce has played in developing strong trade relations between Sri Lanka and Korea, when he graced the 28th Annual General Meeting of the SLKBC recently. H E…
Sampath Bank’s significant contribution will fund the maintenance of 10 Suwa Seriya ambulances in all nine provinces. Sampath Bank has handed over a cheque of Rs. 50 million to support the 1990 Suwa Seriya Foundation’s ‘Adopt an Ambulance’ project. With this timely donation under its ‘Hope for a Life’ CSR programme, Sampath Bank’s contribution will…
The report titled “E-commerce: A Driver of Inclusive Growth in Sri Lanka?” was presented to His Excellency President Ranil Wickramasinghe on 26 April 2023. The Managing Director of Daraz Sri Lanka Mr. Rakhil Fernando, the co-authors of the report, Dr. Ganeshan Wignaraja and Ms. Anishka De Zylva and the Director of International Affairs at the…
