Fitch Ratings – Sovereigns are being targeted with increasing frequency by cyberattacks, and authorities are devoting more resources to defending against them, with the greatest threats from cyber-capable states and criminal groups sheltered by them, Fitch Ratings says in a new report. Russia’s invasion of Ukraine in February 2022 and the US-led sanctions response have…
Several Business Chambers in a joint statement note with concern that some organizations have called for mass protests on 2nd November. While recognizing their freedom of speech and right to express views, the Chambers request all parties to call off protests of this nature that could undermine the efforts being taken to resolve the current…
Fulfilling its IPO objective and keeping its pledge to investors, JAT Holdings PLC recently unveiled and commissioned into operation an end-to-end manufacturing, warehousing and laboratory facility in Bangladesh. Strategically located, the new plant offers efficient and easy access to JAT’s two key markets in Bangladesh, Dhaka and Chittagong, together with quick and easy access to…
Last week, the Embassy of the Kingdom of the Netherlands and the International Water Management Institute (IWMI) hosted a high-level dialogue for stakeholders from the Sri Lankan and Maldivian government, private sector, banks, academia and civil society. The Joint Climate Change Dialogues are a series of events organized by the Netherlands embassy focused on preparing…
The Securities and Exchange Commission of Sri Lanka (SEC), the Colombo Stock Exchange (CSE), and the International Finance Corporation (IFC), in partnership with the Australian Government, conducted the second Investor Forum of the year in Galle at Radisson Blu Resort as part of the series of events to celebrate the sixth World Investor Week (WIW)…
President Ranil Wickremesinghe noted that the government is aiming at an agriculture modernization programme in which tea will have a prominent place. He said that the country has a very competitive tea industry that needs to be developed. Addressing the 32nd Annual General Meeting of the Sri Lanka Tea Factory Owners Association at the Water’s…
Consumer price gains peak as crippling shortages ease Central bank has paused after 950 basis point hikes this year Bloomberg – Sri Lanka’s inflation slowed in October for the first time in a year as shortages of food and fuel eased. The consumer price index in the capital Colombo cooled to 66% from a year…
Economically battered nations like Sri Lanka should speed up SOE reforms In response to post-Covid recession, several Emerging Economies across Asia, Africa and Latin America, are re-strategizing and re-structuring loss-making State-owned Enterprises. MTI Consulting is currently carrying out an in-depth strategic assessment of 5 Ethiopian State-owned Enterprises, namely Ethiopian Chemical Industry Corporation, Ethiopian Business Trading…
Records highest number of trade & supply chain finance transactions for second successive year The Commercial Bank of Ceylon was honoured as the Asian Development Bank’s (ADB’s) ‘Leading Partner Bank in Sri Lanka’ for the second consecutive year at the 2022 Trade and Supply Chain Finance Programme (TSCFP) Awards that recognise the contributions of leading…
Hirdaramani Group announces its commitment to the Science Based Targets Initiative (SBTi). With this announcement they officially join a select group of companies globally taking action to limit global warming to 1.5C and prevent the worst impacts of climate change. The setting of SBTI’s supports the groups pledge to align with the 2015 Paris agreement…
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