By Andy Mukherjee Bloomberg Opinion – What was good for Sri Lanka under British colonial rule 75 years ago may be worth a try again. Or at least that’s what Mark Mobius, the former emerging markets guru at Franklin Templeton Investments, seems to be suggesting. To regain the confidence of investors, the bankrupt Indian Ocean…
Minister of Foreign Affairs Prof. G.L. Peiris received Ambassador of Indonesia Dewi Gustina Tobing at the Foreign Ministry on 27 April, 2022 who briefed on the update of Humanitarian Aid to Sri Lanka from the Government of Indonesia. Ambassador Tobing briefed the Foreign Minister that pursuant to a request for essential medicines and medical equipment from…
The long-standing bond and the trust among the Japanese investors and Sri Lankan employees and their management lead to a visit of a Japanese delegation to the country recently. The Board of Investment (BOI) of Sri Lanka hosted the Japanese delegation headed by Mr Ruwan Nashiki CEO from Colombo International Airport Hotel project. Eng. Raja…
Annual Group top-line Rs. 694 billion; up 217% YoY Contribution to Annual Revenue from International Operations exceeds 95% Expolanka Holdings PLC has delivered a strong performance for the 2022 financial year (FY2022), through effective implementation of the Group’s ongoing strategic initiatives which have enhanced its operational agility and alignment with market conditions, while optimizing synergies…
While external debt restructuring remains a top priority for the Sri Lankan government, domestic debt in the form of Government securities and Sri Lanka Development Bonds will not be restructured, Central Bank Governor Dr. Nandalal Weerasinghe announced Thursday (April 28, 2022). Dr. Weerasinghe made these comments while addressing a meeting of the Committee of the…
Secures the title of Most Loved Brand in both business categories Life & General insurance by Brand Finance for the 5th consecutive year Secures the Most Valuable General Insurance Brand in the country by Brand Finance for the 5th consecutive year Secures the Number 1 position in the General Insurance Category on the country The…
The Embassy of Sri Lanka in Beijing in collaboration with the China Sri Lanka Association for Trade and Economic Cooperation (CSLATE) and the Beijing Wanhongtai Technology Group Co., Ltd. Company opened the first Sri Lanka Tea Shop and Cultural Centre in Beijing on 20 April 2022 in the prestigious Xiu Shui Street, Chaoyang District. The…
The Rajapaksa family is racing to secure IMF funds as protesters seek to remove it from power. By Kai Schultz Bloomberg – Ahead of the November 2019 election, Sri Lankan presidential challenger Gotabaya Rajapaksa proposed sweeping tax cuts so reckless the incumbent government thought it must be a campaign gimmick. The finance minister at the…
Renewable Energy Associations that include Small Hydro, Wind, Solar, and Biomass power developers, and also Solar Industries Association of Sri Lanka, jointly announced at a press conference held recently that the national grid of Sri Lanka risks losing 1250.9 Megawatts (MW) of power generated by renewable energy developers, as the Ceylon Electricity Board (CEB) has…
Swathi Moorthy HCL Tech employs 2,000 people in the region. Last month, the company faced a hiccup when power went off for 13 hours. With credit lines from the Indian government, and supplies that are coming in, power cuts have now been reduced to three to four hours. In the meantime, the company has adjusted…
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