The Ceylon Chamber of Commerce commends the Governor and his team at Central Bank of Sri Lanka for permitting greater flexibility in the exchange rate. This action has been proposed by the Ceylon Chamber, on its own and along with other chambers on numerous occasions in the recent past. Hence, the Chamber is pleased to…
For the seventh consecutive year, IFC partnered with the Colombo Stock Exchange (CSE) to ‘Ring the Bell for Gender Equality.’ Celebrated in line with the International Women’s Day, the annual global initiative highlights how greater participation of women in the economy can spur sustainable and inclusive growth, shaping a more equal future. IFC’s commitment to…
Unilever Sri Lanka has announced that its Unilever Food Solutions (UFS) operation in Sri Lanka has merged with its core business locally, effective 01 January 2022. Being a dedicated foodservice company of Unilever, UFS is a business built by Food Service Professionals. It creates culinary solutions for chefs worldwide and inspires them to satisfy their guests everyday…
Advocata’s Bath Curry Indicator (BCI) , which tracks the monthly changes in the retail price of a select basket of food items, recorded a decrease of 1.5% from January 2022 to February 2022. The overall decrease was driven by the falling prices of beans (40%), green chillies (15%) and brinjals (13%). However, prices on average…
Reuters – Sri Lanka’s central bank on Monday set an exchange rate limit of 230 rupees to the dollar, effectively allowing a currency depreciation it hopes will attract investment and remittances to help ease the worst financial crisis in years. The Central Bank of Sri Lanka (CBSL) had been criticised by economists and analysts for…
Considering the severity of the external shocks and recent developments in the domestic front, the Monetary Board of the Central Bank of Sri Lanka announced a comprehensive policy package on 04 March 2022 with the view to counter such economic headwinds. The Central Bank also indicated that it will continue to closely monitor the emerging…
By Dilani Hirimuthugodage and Piyumi Rasangi Sri Lanka obtained its first-ever Geographical Indication (GI) certification on 02 February 2022 for ‘Ceylon Cinnamon’ from the European Union due to untiring efforts during the last nine years. Ceylon Cinnamon is now in the register of Protected Designations of Origin and Protected Geographical Indications (PGI) and it was…
Demonstrates resilience with monthly tally of US$ 488 million, eclipsing pre-pandemic figures Sri Lanka’s apparel exports in January 2022 achieved the highest level for that month in the last five years. This performance demonstrates the industry’s underlying strength as it bounced back from the sustained shocks from the impact of the pandemic over the last…
Gender disparity within the entrepreneurial world is a globally prevalent problem, often stemming from the underrepresentation of women in the labour force and leadership positions. This imbalance in diversity is mainly seen in markets with no gender-smart funding, which makes gender a key component in their program. The lack of gender diversity at the firm…
Sri Lanka Tourism Promotion Bureau, (SLTPB) in collaboration with the Embassy of Sri Lanka in Poland, has taken measures to organize a FAM Tour with a Polish TV channel, which was established in Sri Lanka recently and will continue to be on air from 03rd – 09th March 2022. TVN is the flagship channel of…
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