The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 04 April 2023, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 15.50 per cent and 16.50 per cent, respectively. Having considered the recent…
Sri Lanka Agripreneurs’ Forum (SLAF), as the leading agribusiness association in Sri Lanka, commends the President’s plan to plant 3 million jackfruit trees as a part of the government’s food security program to create a local and foreign jackfruit market and to promote jackfruit among the Sri Lankan people. This ambitious plan will not only…
The Association of Human Resource Professionals (AHRP), in partnership with the Society of Human Resource Management (SHRM) and Platinum Sponsor ZingHR, recently concluded its Human Resource Think Tank (HRTT) series for the 4th consecutive year. The event provided a platform for industry leaders to discuss and discover solutions to challenges faced by the HR fraternity,…
Aramtec, one of the UAE’s longest-established food service companies, evolves by delivering on a rolling strategy to become cloud-based and digitally empowered by signing up for SAP’s latest private cloud edition, RISE With SAP, together with John Keells IT as the Strategic Partner to drive this key business transformation. Maintaining offices in UAE, Qatar, and…
Continuing the series of engagements with key stakeholders in the capital market landscape, the newly appointed Chairman of the Securities and Exchange Commission of Sri Lanka (SEC), Faizal Salieh, and top officials of the SEC met with the Principal Partners of Audit firms recently at the SEC. The purpose of the meeting was to discuss…
Mr Dhammika Fernando, The Director of Tropical Findings (Pvt) Ltd is also the incumbent President of – Asia Pacific Federation of Human Resource Management and Executive Board Member of the World Federation of People Management Associations-WFPMA. He was elected as the new Chairman of the Free Trade Zone Manufacturers Association (FTZMA) as members voted unanimously…
Absolutely no intention of seeking IMF assistance for the 18th time. President Ranil Wickremesinghe announced that the agreement with the International Monetary Fund (IMF) would be presented to Parliament for a vote on whether to support it. Following this, the key points of the agreement would be enacted into law. The President also indicated that…
(Bloomberg) – Pakistan’s and Sri Lanka’s decades-high borrowing costs will be on spotlight Tuesday as elevated inflation persists and debt troubles linger. Monetary conditions in Pakistan and Sri Lanka are already the tightest in decades — 25 years and 21 years respectively — to rein in Asia’s fastest inflation rates stoked by debt crises and funding woes….
Sri Lanka Tourism welcomed, by far the biggest international travel influencers and journalists group arrived in 2023 to promote the destination. Representing the key source markets for Sri Lanka, this delegation arrived from the United Kingdom, France, Russia, India, Italy, Netherlands, Australia, Spain, USA, and Indonesia. Overall, the group of travel influencers and media carried…
Despite being faced with an uncertain economic future and gender-related barriers, women entrepreneurs in Sri Lanka have risen to the challenge and demonstrated remarkable resilience and adaptability by turning to social media to not only sustain but to grow their businesses to new levels. Meet Nishadi Gamage, a young woman from Yatinuwara who turned her…
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