During a recent meeting at the Presidential Secretariat in Colombo, President Ranil Wickremesinghe emphasized that the government is committed to carrying out its agricultural modernization plan. However, he also highlighted certain issues that need to be addressed in the sector. One of the main challenges mentioned by the President was related to the Mahaweli Authority…
Seylan Bank PLC, has announced the appointment of Ramesh Jayasekara as its new Director/Chief Executive Officer, effective from 1 May 2023. Having joined Seylan Bank in 2011 as Chief Financial Officer, Ramesh was later appointed Chief Risk Officer in 2016 and assumed the role of Deputy General Manager – Corporate Banking from 2018 until 2019….
With the recent introduction of Indian Rupees (INR) as a designated foreign currency by the Central Bank, Standard Chartered Sri Lanka has completed its first INR transaction for a multinational corporate client in the form of an outward telegraphic transfer between Sri Lanka and the Bank’s office in Mumbai India. The transaction was executed via…
In terms of Section 35 of the Monetary Law Act No. 58 of 1949, the seventy third Annual Report of the Monetary Board of the Central Bank of Sri Lanka was presented today (27 April 2023) to Hon. Ranil Wickremesinghe, the President and Minister of Finance, Economic Stabilization and National Policies, by Dr. P Nandalal…
SriLankan Aviation College, the training arm of SriLankan Airlines, has etched a landmark partnership with the prestigious Embry-Riddle Aeronautical University to bring highly coveted aviation programs to Sri Lanka and the region. This affiliation will greatly improve the accessibility to highly sought-after qualifications in aviation at a fraction of the cost as the programs can…
The Free Trade Zone Manufacturers Associations led by newly appointed Chairman Mr. Dhammika Fernando and new officials visited the BOI office and conducted a meeting with BOI Chairman, Mr. Dinesh Weerakkoddy. The chairman of the BOI welcomed the newly appointed FTZMA Chairman and the officials and expressed his gratitude to FTZMA for its continued support…
Professor Ranjith Bandara, Chairman of the committee expressed his displeasure at the fact that despite the repeated insistence of the committee to conduct an independent inquiry into the matters brought for discussion on 07th March 2023, it was found that no progress had been made. • The Corporation had not appointed an Internal Auditor by…
– Ranil Vitarana, CEO, Twinery – Innovations by MAS Launch of ‘Lable>’, the world’s first manufacturer of adaptive clothing for persons with disabilities In a move to break the barriers that prevent persons with disabilities better integrate into society, Twinery – Innovations by MAS – the changemakers of innovative clothing across the world, together…
The highest ranking official from the China Merchants Group (CMG) visited the Hambantota International Port on an inspection tour of the facility last week. Chairman Miao Jianmin was welcomed by Johnson Liu, CEO of Hambantota International Port Group (HIPG) and staff of the port. CMG is the parent company of CMPort which has a public…
DSI Samson Group, one of the leading business conglomerates and leading manufacturer of footwear and bicycle tyres in Sri Lanka, ceremonially inducted President’s counsel Mr Uditha Egalahewa as the Chairman of the Group on 24th April 2023. He is one of three Independent Non-Executive Directors of the Group and also served as the Chairman of…
