On March 30, Hon. Nalin Fernando, Minister of Trade, Commerce and Food Security in Colombo was presented the new Electronic Certificate of Origin (eCoO) system by the International Trade Centre (ITC) team, led by Ms. Raghad Altalli, Programme Manager and Trade Facilitation Advisor. The new eCoO system, implemented by the Department of Commerce (DoC), is…
Standard Chartered has announced the appointment of Yohan Samarakkody as Country Chief Risk Officer (CCRO) and Head of Operational Risk for Sri Lanka, effective 1st March 2023. Yohan counts for over 15 years of experience in Corporate Finance, Equity Research and Banking. In his previous roles prior to joining Standard Chartered, he was instrumental in…
In a concerted effort to ensure healthcare equity for all Sri Lankans, the country’s foremost trusted private healthcare provider Hemas Hospitals introduced ‘Upakara’, an unmatched timely initiative which offers free monthly dialysis cycles to a selected number of Chronic Kidney Disease (CKD) patients from low-income backgrounds, through Hemas Hospitals. Hemas Hospitals’ Upakara is a one-of-a-kind…
First Capital Holdings PLC, a Janashakthi Group company, recently joined the Jaffna International Trade Fair in the interest of spreading awareness and enhancing knowledge on investment banking products and services amongst the Jaffna business community. As a leading full-service investment institution, First Capital brought a plethora of information on investment banking and engaged with the…
Expands sourcing beyond traditional coconut triangle to North and East Works with women to improve social impact and household income Accommodation and transportation set up to facilitate female workforce in the region Expanding its supplier base for coconut-related raw materials, Sri Lanka’s leading manufacturer of value-added coconut fibre products and a subsidiary of the Hayleys…
Advocata Institute is launching a policy action group, “Women’s Policy Action Network” (WPAN) supported by the Kingdom of the Netherlands, advocating for policy reforms enabling women’s economic empowerment. The event will be hosted under the theme of “reforms to empower women during an economic crisis,” envisioning a revamping of a much needed policy reform through…
The Supporting Effective Dispute Resolution (SEDR) project, funded by the European Union and implemented by the British Council in partnership with The Asia Foundation, launched a Policy Brief titled ‘Strengthening A Just Alternative’ to strengthen community-based alternative dispute resolution (ADR) mechanisms in the country. The launch event, held at the British Council Library in Colombo,…
Sri Lanka’s payment cards domain took a giant leap today when the Commercial Bank of Ceylon in collaboration with LankaPay launched a national credit and debit card with international acceptance. This National Card Scheme is an initiative implemented by LankaPay in partnership JCB International Co. Ltd, the Japan-based international card, with over 150 million cardholders…
Fitch Ratings-London: There have been 14 separate default events since 2020, across nine different sovereigns, a marked increase compared with 19 defaults across 13 different countries between 2000 and 2019, says Fitch Ratings in a new report. A record five Fitch-rated sovereigns are in default: Belarus, Lebanon, Ghana, Sri Lanka and Zambia Moreover, Fitch rates…
Sri Lanka will hold a virtual presentation tomorrow (30) to update its commercial creditors and investors following the receipt of IMF Executive Board approval for the bailout package. The investor and creditor presentation will commence at 8.30 a.m. on March 30, chaired by Central Bank Governor Dr. Nandalal Weerasinghe and Finance Ministry’s Secretary Mahinda Siriwardana….
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