Business Magnates, a meeting of the finest business minds organized by Hashtag Media powered by CIMA Sri Lanka, successfully concluded recently at The Kingsbury Colombo. This was the first edition of the Business Magnates series that aims to conduct progressive events focusing on different industries and areas of interest in the future. The event brought…
A special meeting was held on the 11th of January 2022 between the Palm Oil Association of Sri Lanka (POIASL) and Her Excellency, Dewi Gustina Tobing, Indonesia’s recently-appointed Ambassador to Sri Lanka. The present role of, and challenges faced by, the oil palm industry in Sri Lanka were discussed at the meeting, with the intention…
Earnings from exports in November 2021 recorded the highest monthly export value in the history, while marking the sixth consecutive month of above US dollars 1.0 billion of exports. Meanwhile, import expenditure also increased at a higher rate in November 2021. Reflecting the favourable impact of increased exports, the merchandise trade deficit narrowed to US…
Electronic and Electrical Sector has recorded a 30% increase in its export earnings compared to $328mn recorded last year, despite COVID-pandemic challenges. With the support extended by the Sri Lanka Export Development Board, the industry has shown its knowledge, expertise, competitiveness, and resilience in 2021 to achieve the highest export revenue recoded in the history…
The governor of the Bank of Uganda, Emmanuel Tumusiime-Mutebile, died on January 23 at Nairobi Hospital, in the Kenyan capital. He was 72. The central bank did not give a cause of death in its statement, but media reports indicated the governor died of complications from diabetes. He was admitted to Nairobi Hospital in December…
Sri Lanka is currently facing an acute energy crisis, primarily due to the country’s reliance on imported fossil fuel. The solution to this is for the country to move on to more renewable sources of energy such as wind, solar, bio-gas, biomass and hydro power. Renewable energy also presents a host of other benefits both…
The Silk Road Journal by Mahika Ming As per government sources international flights from Colombo International Airport, Ratmalana will start from 29th of January 2022. Flights from South India, Male and Bangladesh via India will be operated to and from Ratmalana Airport. Some sources were reporting that this was the first time international flights are…
The project to launch a Central Counter Party (CCP) system for equities was formally launched at a Joint Securities and Exchange Commission of Sri Lanka (SEC) – Colombo Stock Exchange (CSE) meeting held at the SEC recently. The Chairman of the SEC Mr. Viraj Dayaratne PC who chaired the meeting said that he was happy…
The company aims to strengthen its growth plans in 2022 Aruni Goonetilleke appointed Board Director at Eswaran Brothers Tea Exporters Top regional financial services expert Aruni Goonetilleke has been appointed to the Board of Directors of Eswaran Brothers, further strengthening an eminent team at the helm of affairs at the company. Eswaran Brothers which has…
Sri Lanka Insurance, the reigning champion of the insurance industry of Sri Lanka closed the year 2021 with a positive note recording a staggering combined GWP of Rs. 43 billion amidst the turbulent time. In the year 2021 Sri Lanka Insurance reported 14 % growth in life insurance premium increases to Rs.21.9 billion whilst general…
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