Environmental, social, and governance (ESG) and sustainability continue to rise to the fore for all businesses, with a more dominant position required from certain sectors such as the apparel Industry. This growing focus on ESG comes from a variety of stakeholders that include retail fashion stores, buyers and buying offices who expect an emphasis on…
Public Consultation on National Policy for Digital Transformation of Education open till 15th May 2022. Digital transformation is making a cogent impact in every sphere. One cannot neglect its influence on education. The effective use of emerging technologies in the education sector would facilitate the learners to expand their learning possibilities, in a manner that…
Disclaimer The management of Galadari hotel categorically denies the misinformation being circulated on social and other media, that the hotel has allegedly voiced criticism against the peoples’ protests that are taking place currently in Colombo. Whilst reiterating the said denial and without prejudice to same, by way of clarification, the management states that upon being…
Former minister Namal Rajapaksa says that economic decisions cannot be taken by politicians and that the incumbent government and the Finance Ministers had always acted on the advice given by certain officials. In an interview with the BBC, the MP parliamentarian was questioned about the huge tax relief given by the government as soon as…
The signing ceremony of the Joint Communiqué on establishing diplomatic elations between the Democratic Socialist Republic of Sri Lanka and the Democratic Republic of Timor-Leste was held Wednesday, 04 May 2022, at the Permanent Mission of Sri Lanka to the United Nations in New York. On behalf of the respective Governments, the Joint Communiqué was…
Findings from the latest bi-annual Export Barometer Survey indicate that exporters are losing confidence in the industry’s outlook, as firms face mounting challenges posed by increasing local and global economic risks. This survey was conducted by the Ceylon Chamber of Commerce (CCC) and the United States Agency for International Development (USAID)’s Partnership for Accelerating Results…
Advocata’s Bath Curry Indicator (BCI) , which tracks the monthly changes in the retail price of food, recorded an increase of 14% from March 2022 to April 2022. This is a year on year increase of 49% for this basket of food. This is driven primarily by prices of dhal and samba rice being the…
A high level delegation from Japan’s Ministry of Foreign Affairs (MOFA) visited the Hambantota International Port (HIP), to get first hand information on a wide range of subjects relating to port activity and the economy of the southern part of Sri Lanka. Deputy Director, Foreign Policy Bureau, MOFA Hamada Takashi and Nakada Taihaku, Assistant Director, Policy Coordination Division,…
These remitting channels work as network arrangements and can be sometimes found within a particular community in the society. In these arrangements, the value transfers are facilitated by agents belonging to these networks who are located all over the world. In the Hawala channels, the Hawala agents or dealers (also known as Hawala Dars) live…
Sri Lanka is facing the worst socio-economic crisis in its history. This situation has arisen due to mismanagement. These issues have also been exacerbated by macro-economic factors such as the COVID-19 pandemic and the resulting economic downturn. A group of professional organizations, headed by the Chamber Of Young Lankan Entrepreneurs (COYLE) and comprising; the Chamber…
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