Moody’s Investors Service recently stated that Sri Lanka’s debt moratorium for SMEs is credit negative for Sri Lankan banks and the sovereign because it risks increasing SMEs’ risk appetite and relaxing their attitude toward debt repayments. “This move, in turn, will undermine banks’ asset quality and constrain the sovereign’s credit profile,” the international rating agency…
The Ceylon Chamber of Commerce in association with the Trade Promotion Council of India (TPCI) and the Sri Lanka High Commission in India organised Sri Lanka’s participation for the first time, at the “Indusfood – Tech 2020” Trade Fair, held from 8th to 10th January, 2020 in India to showcase Sri Lanka’s processed food and…
The Board of Investment of Sri Lanka signed an Agreement with Sands Active (Private) Limited to set up a project for the manufacture of pharmaceutical products for the local market to meet the current National requirement of imports substitution of medicinal drugs. The agreement was signed on behalf of the BOI by Mr. Susantha Ratnayake,…
A leading tour operator in France assures to promote Sri Lanka among French tourists in an effort to bring back Sri Lanka in the limelight of tourism. “Last year Sri Lanka witnessed a decline in French tourists but this year we assure that there will be an increase. We are making plans to promote this…
Emerging Media, a location-based digital advertising company invested 100 million LKR in XpressJobs in exchange of 25% stake of the company. The agreement was signed between Sanjeewa Rajapakshe – Founder and Managing Director of Emerging Media, Tyner Fernando – Director of Emerging Media, Chathum Henegama – Chief Executive Officer of XpressJobs and Oshadie Korale –…
The Norwegian Embassy in Colombo in partnership with the University of Jaffna and the Western Norway University of Applied Sciences is hosting an expert panel discussion titled “A new Decade: Investing in Clean Energy in Sri Lanka – Drivers and Barriers” on Tuesday, 21st of January 2020 at Galle Face Hotel. Both Norway and Sri…
As the inauguration ceremony of the Computer and Language Center proceeds at the temple of Audangawa, all those who are gathered could only have one feeling at heart; Hope. Passionate about enhancing the living standards of the underprivileged youth, the fourth and the newest Computer and Language Training Center of R.e.V (Reconstruire et Vivre) is…
According to the latest external trade data released by the Central Bank, country’s trade deficit had contracted marginally in November 2019 (year-on-year), with both imports and exports declining. The deficit in the trade account contracted marginally in November 2019 to US dollars 762 million, from US dollars 785 million in November 2018. On a cumulative…
– Sizeable recent tech buy-out in Sri Lanka, valued at LKR 2.8 billion – Lead investment fund BOV Capital returns LKR 380 million on exit to its limited partners Global technology platform Zilingo has acquired Sri Lanka-based startup nCinga Innovations resulting in cash and stock worth approximately LKR 2.8 billion (USD 15.5 million) changing hands….
A congregation comprising of 20 press and media personnel, representing 20 reputed French and Belgian media enterprises, arrived in Sri Lanka on the 18th January 2020 on a familiarization tour of the island. The tour is an initiative of Mr. Chandra Wickramasinghe, the Chairman and Managing Director of Connaissance de Ceylan and Theme Resorts &…
Video Story
