The host of digitized and paperless services, adopted by the Information Technology (IT) Department in collaboration with other departments of the Board of Investment (BOI) in a bid to curtail excess expenditure and facilitate customer touch points, have proven track record of success, which is evident with the experience shared by a local investor with…
DIMO, a leading diversified conglomerate in Sri Lanka, and Kalmar, a global industry forerunner in port and inland container terminal automation and in energy-efficient container handling solutions, are geared to enhance and uplift local container terminal operations to the next level. This partnership reflects DIMO’s commitment to continuously fuelling the dreams and aspirations of the…
Hytera, together with its Sri Lankan partner Securatec, successfully won a 10-year contract to upgrade the field communication systems of the Sri Lanka Police. The contract was awarded subsequent to a hotly contested tender procurement procedure, where the Company emerged as the No.1 choice. Securatec has already supplied the Sri Lanka Police with 150 of…
Innovative Sri Lankan produce and beverage exporter, Agri Deshiya’s RAGA Sparkling Kithul Toddy has attracted celebrity attention in one of its key overseas markets, Australia, after famous football star, Ben Long, recently tried this new trendy beverage. Upon tasting this native Sri Lankan beverage, produced to international standards, and which is now available in Melbourne,…
The Best Corporate Citizen Sustainability Awards 2022 organised by the Ceylon Chamber of Commerce will this year introduce a new award to recognise corporate initiatives that addressed the twin challenges of the pandemic and ongoing socio-economic stresses. The ‘Planning and Adoption of Resilient Practices for Covid-19 and Emerging Country Context’ award will highlight corporates that…
The second quarter of 2022 witnessed a challenging macroeconomic outlook that resulted in the banking sector facing multiple headwinds with the impact of the sharp rupee depreciation, rising interest rates, an upward revision of taxes, higher impairments, supply constraints and demand side policies undertaken to dissuade imports, which lead to impeding credit growth for Banks….
There’s a glimmer of hope for recuperation as the one of a kind index maintains its traction Time to dig deep for that island sense of joie de vivre and look for those silver linings… And despite the pessimistic economic forecast for the next 12 months, and the less than delightful long and short-term business…
CSE’s upcoming governance forum titled ‘Beyond Basics: Setting Standards for Climate Disclosure and Action’ The forum will be held virtually on 9th August 2022, from 9.30 a.m. to 12.30 p.m. Registrations opened out to both listed and non-listed companies The Colombo Stock Exchange (CSE) will be conducting ‘Beyond Basics’ for the third time, titled ‘Beyond…
Ahead of the presentation of the Interim Budget, the Institute of Policy Studies of Sri Lanka (IPS) has recommended policy proposals for inclusion in the forthcoming Budget. Some key policy issues and recommendations follow. Trade Policy Despite strict import controls, Sri Lanka’s trade deficit in merchandise goods widened in 2021. The slight increase was mainly…
The Wall Street Journal — Sri Lanka’s new president mentioned the nation has skilled the worst of its financial disaster and that restoring political stability will enable it to start turning a nook, beginning with finalizing negotiations for an International Monetary Fund bailout that had stalled because of current turmoil. “I think we’ve already hit…
