Keeping in line with the National Policy Framework – Vistas of Prosperity and Splendour – which highlights the importance and values of a technology-based society, Cabinet approved the proposal made by the Minister of Project Coordinating and Monitoring Namal Rajapaksa to appoint a committee to report to the Cabinet on the Acts, Rules and Regulations…
The Central Bank of Sri Lanka (CBSL) had appointed a Working Committee to study and suggest new remittance channels for Sri Lanka and to make recommendations on reducing the cost of remitting money, having identified the need to introduce new and low cost remittance channels with the objective of increasing the inflows of foreign remittances…
When Vithika Yadav returned to India in 2008 after living in the United States, she saw that many young people – especially girls – didn’t have a space to openly talk about the difficult issues they faced. Gender-based violence, child marriage and other harmful social practices remain commonplace – and are hardly ever discussed. So…
Ex-Pack Corrugated Cartons Limited is Sri Lanka’s leading manufacturer of corrugated cartons. With a pending IPO in the works and a major expansion plan in place, the Ex-Pack team is taking the opportunity of International Customer Service Week to express their gratitude to customers. Ex-Pack is a wholly-owned subsidiary of Aberdeen Holdings, previously known as…
Shifting gears to services-led growth can help build back better Sri Lanka’s economy is projected to grow by 3.3 percent in 2021, but the medium-term outlook is clouded by pre-existing macroeconomic weaknesses and the economic scarring from the COVID-19 pandemic. A gradual recovery will likely lead to corresponding improvements in labor market conditions. Most countries…
The Central Bank of Sri Lanka co-hosted the CBSL-ADBI-APAEA Online Macroeconomics Conference for the second consecutive year, in collaboration with the Asian Development Bank Institute (ADBI) and the Asia-Pacific Applied Economics Association (APAEA), on 30 September 2021. This year’s theme was Emerging Issues for Macroeconomic Stability. Inaugurating the Conference, Mr. Ajith Nivard Cabraal, the Governor…
Oil palm cultivation has been restricted in Sri Lanka. The curtailment has been enforced based on the adverse impacts that the cultivation is believed to have on the environment. Agriculture is considered to be a man- made ecosystem, thus any cultivation might have negative impacts on the natural environment. Even paddy, the main crop of…
Sri Lanka’s market leader in corrugated cartons, Ex-Pack Corrugated Cartons Limited announces the launch of its Initial Public Offering (IPO), which will close on the 22nd of October 2021. The company’s prospectus has now been officially published on the website of the Colombo Stock Exchange. Ex-Pack is a wholly-owned subsidiary of Aberdeen Holdings, previously known…
Sri Lanka@100, a private sector-led business development program supported by the U.S. Agency for International Development (USAID), hosted a public webinar with guest speaker Rushika Fernandopulle, CEO and Co-founder of Iora Health, to inspire mid-market companies with insight into creating a successful business. Guest speaker Rushika Fernandopulle is a practicing physician and entrepreneur who co-founded…
Top Sri Lankan conglomerate, E.B. Creasy & Co. PLC, has declared a whopping 60% dividend payout, from the distributable profits of the company for FY2020/21. This is a huge 456% increase over the Company’s dividend pay out during FY 2019/20 and comes on the back of E. B. Creasy & Co. recording huge YoY gains…
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