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Select Committee of Parliament to study the practical problems and difficulties that have arisen in relation to enhancing the rank in the Ease of Doing Business Index in Sri Lanka and make its proposals and recommendations took into discussion regarding encouraging small, medium and micro scale enterprises and solving their existing financial problems with the…
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Dominates ceremony with 4 Golds, 2 Silvers and a Merit award The Commercial Bank of Ceylon put on a dazzling display of its prowess in digital innovation recently, winning seven awards including the overall award for banking institutions at Sri Lanka’s only payment technology innovation awards – the LankaPay Technnovation Awards. The bank’s impressive haul…
Guided by its wide-reaching sustainability strategy, DFCC Bank continues its Samata English, “English for Everyone,” social support and development programme for the 5th consecutive year, which is the Bank’s flagship project under the “Education” pillar, one of the 6 cross-cutting themes under the Bank’s sustainability vision, contributing towards resilient communities. This year, the ongoing programmes…
AmCham SL & Partners Donate R/O System to Palai Central College in Commemoration of World Water Day 2023 The American Chamber of Commerce in Sri Lanka, together with its members, global partners, donors, and well-wishers commissioned on 17th March 2023 in commemoration of World Water Day 2023, which is celebrated on 22nd March each year, a Reverse Osmosis plant…
The recently launched Courtyard by Marriott Colombo, part of Marriott Bonvoy’s extraordinary portfolio of 30 hotel brands, is marking the holy month of Ramadan with a special Iftar Buffet throughout the entire month. Ramadan is anticipated to commence once the moon is sighted over Mecca on Wednesday, March 24, 2023. Ramadan which lasts 30 days,…
SOZO, the flavorsome and much sought-after home-grown beverage brand has once again revolutionized the beverage market through the launch of unique and delicious flavor combinations. Founded in 2016, SOZO has consistently evolved through new product innovation, crafting exciting juices, Iced Teas and now as a market pioneer launches a whole new range of canned beverages…
Hatch, Sri Lanka’s leading startup hub partnered with the US Department of State to implement AccelerateHer, a bespoke accelerator program for budding female entrepreneurs. Applications are now open for its second cycle. AccelerateHer is designed to help female founders grow their businesses, upskill, and gain access to funding and networks that will allow them to…
One UI expands the possibilities of our everyday lives by providing a personalized mobile experience that perfectly suits our needs. Now available through the Galaxy S23 series, this is the story of how One UI 5 creates new joy in the palms of our hands. A Seamless Camera Experience One UI 5 focuses on an…
‘Encounters’ curated by the Museum of Modern and Contemporary Art Sri Lanka (MMCA Sri Lanka) closed on 19 March, at its premises on the Ground floor of Crescar Boulevard, Colombo 3. The exhibition opened on 10 February 2022 and featured 59 loaned artworks by 15 artists from across the country and Berlin. Each of the…
Seylan Bank, the Bank with a Heart introduced ‘Dinana Aya’, an initiative to empower female small and medium entrepreneurs, in line with International Women’s Day, with the objective of being a supportive strength to women who aspire to achieve their business goals. Aligned to this programme, Seylan Bank also offered a loan scheme, especially directed…
Baby Cheramy, the leading baby care brand in Sri Lanka, has been trusted and loved by millions of Sri Lankan parents for decades. They have entrusted their babies’ health and wellbeing to the care of Baby Cheramy’s gentle products, which led it to become the leader in the baby care category. Based on the household…
Top News
The Colombo Port City Economic Commission (the Commission), the Single Window Investment Facilitator authorised to assist investors, businesses, and residents in conducting their activities seamlessly and efficiently in Port City Colombo, is pleased to release its semi-annual progress report for FY 2022 from July to December 2022. The Port City Colombo Special Economic Zone (SEZ)…
Sri Lanka’s High Commissioner to India Milinda Moragoda met with the Minister of Finance and Corporate Affairs of India Smt. Nirmala Sitharaman in New Delhi on 22 March 2023. This was the latest of a series of meetings High Commissioner Moragoda has had with Minister Sitharaman since November 2021 on Indian economic cooperation and assistance to…
Al Jazeera – Ranil Wickremesinghe says his government will kick off the next round of talks with creditors in the third week of April. Sri Lanka has received the first tranche of its bailout package from the International Monetary Fund (IMF), President Ranil Wickremesinghe told parliament. “This sets the stage for Sri Lanka to have…
A group of Japanese investors along with Japan Deputy Head of Mission Katsuki Kotaro recently called on the Board of Investment (BOI) to discuss new investment opportunities in Sri Lanka. The investors had a productive discussion with Investment Promotion State Minister Dilum Amunugama, BOI Director General Renuka M Weerakone and other officials on key investment…
Hon. Gamini Lokuge was unanimously appointed as the Chair to the Committee on Banking & Financial Services yesterday (21). Whilst State Minister Hon. Anupa Pasqual proposed Hon. Gamini Lokuge, Member of Parliament Hon. Karunadasa Kodithuwakku seconded it. Accordingly, the Committee met yesterday (21) in Parliament, and the Chair requested for the support of all the…
By Prof. Samitha Hettige President Xi Jinping visited the Russian Federation recently for the ninth time marking the beginning of new world order according to analysts. Before being elected President, Xi visited the USA during the Obama administration. Russia was the first country he visited after assuming the high office & he is the most…
(Bloomberg) – Sri Lanka’s bailout by the International Monetary Fund will help the bankrupt nation lower its borrowing costs, thanks in part to a change in how the cash can be used, central bank Governor Nandalal Weerasinghe said. The Washington-based lender for the first time will allow Sri Lanka to use funds from the $3…
Reuters – Sri Lanka will get the first $330 million tranche of an International Monetary Fund bailout in the next two days, the global lender said on Tuesday, putting the onus on the cash-strapped country to rein in its debt to sustainable levels. Economic mismanagement coupled with the impact of the COVID-19 pandemic left Sri…
Analysis
The Colombo Port City Economic Commission (the Commission), the Single Window Investment Facilitator authorised to assist investors, businesses, and residents in conducting their activities seamlessly and efficiently in Port City Colombo, is pleased to release its semi-annual progress report for FY 2022 from July to December 2022. The Port City Colombo Special Economic Zone (SEZ)…
Reuters – Sri Lanka will get the first $330 million tranche of an International Monetary Fund bailout in the next two days, the global lender said on Tuesday, putting the onus on the cash-strapped country to rein in its debt to sustainable levels. Economic mismanagement coupled with the impact of the COVID-19 pandemic left Sri…
Fed tightening is likely to weigh heavily on net capital flows to emerging markets (EM) this year but we expect flows to recover in 2024 as policy rates are cut and EM growth relative to advanced economies improves, says Fitch Ratings in its report “Emerging Market Capital Flows Hit by Fed Tightening, But Should Recover…
In celebration of its tenth anniversary, EDOTCO Group Sdn Bhd, the region’s integrated telecommunications infrastructure services provider, has unveiled a new brand identity and enhanced its mission to create a more sustainable and equitable connectivity for its nine footprint countries in Asia. Since its inception, the company has continued shaping the telecom industry across the…
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