The Sri Lanka Retailers’ Association (SLRA), the apex body of organised retail in Sri Lanka, recently concluded the annual Sri Lanka Retail Forum under the theme ‘Redefining Retail: Future Proofing the Forward Journey’. The Forum was opened by Mr. Murali Prakash, President of SLRA, who addressed the importance of navigating the challenges faced by the…
(Bloomberg) — China has given assurances that it will support Sri Lanka’s debt restructuring, clearing the biggest hurdle for the South Asian nation to secure a $2.9 billion bailout from the International Monetary Fund. Sri Lanka’s largest bilateral creditor gave written support for the debt restructuring via the Export-Import Bank of China on March 6,…
Dialog Axiata PLC, together with XL Axiata, hosted ‘METASTAGE’ the country’s first metaverse entertainment experience in the ‘Futureverse’, featuring performances by the renowned Sri Lankan sensations BnS, Umaria, and Indonesian idol Vicky Shu. This exclusive ticketed event, hosted to a virtual audience across Sri Lanka and Indonesia, provided attendees with the opportunity to witness spellbinding…
Sri Lankan Foreign Minister Ali Sabry speaks about Adani projects, India’s assistance, China worries and IMF bailout package The Hindu – Colombo sees the Adani projects in Sri Lanka as a “government to government kind of deal”, said Sri Lankan Foreign Minister MUM Ali Sabry, as it was the Indian government that had identified the…
The Panadura branch of the Colombo Stock Exchange (CSE) was officially opened to the public by the CSE Chairman, Mr. Dilshan Wirasekera, on the 2nd of March 2023, with the participation of a few Stockbroker Firms, President of Sinhala Business Association Mr. Gihan Kuruppu, CSE CEO Mr. Rajeeva Bandaranaike, Senior Management and the staff. Panadura…
What does Naomi Campbell carry in her bag? The iconic British supermodel shows us the essentials she carries in her Fendi Peekaboo Vogue – Have you ever wondered just what Naomi Campbell carries in her handbag? Exclusively for Vogue, the supermodel and March 2023’s Vogue India cover star reveals the essential items she always has tucked…
A discussion took place last Thursday (02) over Zoom between the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, and President Ranil Wickremesinghe. The discussion focused extensively on the IMF financial facility and the expected debt restructuring for Sri Lanka. Currently, there is a prevailing sense of optimism among all stakeholders involved in…
Measures to commence Trincomalee development by renovating oil tanks unused for decades President Ranil Wickremesinghe directed the petroleum minister and officials to swiftly carry out a plan to revive the Trincomalee oil tank farm and incorporate it into the country’s economy. The President issued these directives during an inspection tour of the Lanka Indian Oil…
The Monetary Board of the Central Bank of Sri Lanka (CBSL), at its meeting held on 03 March 2023, decided to raise the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points to 15.50 per cent and 16.50 per cent, respectively, effective from the…
As part of the Ministry’s Economic Diplomacy initiative, a Business Forum to expand and intensify Sri Lanka’s presence in the African continent was held at the Foreign Ministry under the patronage of Foreign Minister M.U.M. Ali Sabry. The meeting brought together over 50 business leaders representing the sectors of apparel, pharmaceuticals, construction, finance, manufacturing, renewable…
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