Green bonds can help to achieve the goal of a low-carbon world, and cumulative issuances have already reached USD 1 trillion. As the market for green bonds continues to grow, investors need to understand how these instruments differ from traditional bonds. Keeping the above in mind, the Securities and Exchange Commission (SEC), the Colombo Stock…
Fitch Ratings’ banking sector outlooks for emerging markets (EMs) and developed markets (DMs) in the Asia-Pacific (APAC) are neutral, despite economic headwinds stemming from the weakening of demand in key global export markets, high inflation and the lagged effect of higher interest rates in most APAC economies. We expect most APAC EM banking systems to…
The United Kingdom through the Food and Agriculture Organization of the United Nations (FAO) is providing GBP 880,000 (USD 1,043,395) to strengthen the food and nutrition security of marginal fishers in Tangalle, Negombo, Colombo, Kalutara, Galle, Matara, Puttalam, Chilaw, and Mannar. In light of World Fisheries Day (21 November) being celebrated this week, the British…
Eleven of Kuwait’s top tour operators and travel agents arrived in Sri Lanka this week on Jazeera Airways on a familiarization tour. Jazeera Airways currently operates three flights weekly to Sri Lanka connecting the leisure and labour markets. The familiarization tour was organized and sponsored by Jazeera’s General Sales Agent in Sri Lanka, Aitken Spence…
The private sector’s role in driving growth in an economic reset of Sri Lanka will be under the spotlight at the third session of the Sri Lanka Economic Summit 2022 organised by the Ceylon Chamber of Commerce on December 6, which will explore the environment required for the private sector to drive growth, under the…
SLIM Brand Excellence Awards has announced its 2022 jury line up comprising of leading marketing strategists and research experts led by the Head of Jury, Mr. Imal Fonseka- Co-founder, Food Revolution/Taurus Naturals. The rest of the jury comprises of Nushad Perera – Managing Director, Ten Holdings, Sri Lanka & Malaysia; Dr. Ravi Bamunusinghe – Founder…
The nation’s fastest growing telco, Airtel Sri Lanka, announced another landmark agreement with the Board of Investment of Sri Lanka (BOI) that will channel foreign currency investments towards the development of national telecommunications infrastructure, with emphasis on expansion and optimization of networks and IT systems. Accordingly, over the next two years, Airtel will be channeling…
By J.D.K.Ruwandika The 7th Interdisciplinary Conference of Management Researches (ICMR 2022), organized by the Faculty of Management Studies (FMS), Sabaragamuwa University of Sri Lanka (SUSL), was ceremoniously concluded on 16th & 17th November 2022. Mr. Seneviratne, the Group Chief Executive of Sri Lanka Telecom PLC, was one of the invited eminent keynote speakers of the…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 23 November 2022, 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 14.50 per cent and 15.50 per cent, respectively, after considering the recent…
Huawei has signed a global commitment to join the International Telecommunication Union’s Partner2Connect digital alliance, which will bring connectivity to about 120 million people in remote areas in more than 80 countries by 2025. Liang Hua, Chairman of Huawei, announced the decision at the company’s 2022 Sustainability Forum, Connectivity+: Innovate for Impact. The forum explored…
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