One Of The All-Time Legends Of Cricket, Kumar Sangakkara, Today Takes Up His Role As President Of Marylebone Cricket Club. The former Sri Lankan international is the first non-British President of MCC and will hold the post for one year. His nomination was announced by the outgoing President, Anthony Wreford, at the MCC Annual General…
Prime Minister Ranil Wickremesinghe insists that Sri Lanka must pay closer attention to renewable energy sources at a time when climate resilience remains one of the main priorities in the country’s future. Addressing the inaugural ceremony of the World Renewable Energy Congress (WREC) 2019, titled “Green Colombo” on Monday (30) the premier noted that it…
The outlook for the global economy has deteriorated significantly due to the escalation in the US-China trade war, Fitch Ratings says in its new Global Economic Outlook (GEO). “We now forecast world growth next year to fall to the lowest rate since 2012.” “There can be few precedents since the 1930s of global growth prospects…
Biz confidence dips marginally with election preparations kicking into high gear The tallest tower in South Asia (a.k.a. Lotus Tower) was ceremonially opened in Colombo on 16 September, following a delay of four years from its expected launch date. While representing a milestone for Sri Lanka, it has since been marred by allegations of large-scale…
Sri Lanka’s inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI) , accelerated to 5.0% in September 2019 from 3.4% in August 2019, the Department of Census and Statistics reported. The CCPI for all items for the month of September 2019 was 131.1 and it records an increase of 1.0 index…
Reuters – ** Sri Lankan shares ended weaker on Monday, falling for the second straight session, while the rupee ended weaker on dollar demand from banks. ** The index rose for the past two sessions through Thursday, after the central bank said on Tuesday that the Monetary Board had ordered banks to reduce interest rates…
Central Bank’s View on the Sector Comment on Sri Lankan Banks by Moody’s Investors Service On 27 September 2019, Moody’s Investors Service issued a Sector Comment on Sri Lankan banks titled “Sri Lanka’s lending rate cut is credit negative for banks.” In this respect, the Central Bank of Sri Lanka is of the view that the conclusion by…
Hayleys PLC showed exemplary leadership by investing over Rs. 2.3 billion across following the tragic events of Easter Sunday reiterating confidence in the country’s potential. The group’s leading producer of value-added coconut-fibre products, Hayleys Eco Solutions, committed Rs. 500 million towards enhancing its valueadded manufacturing capacity. Importantly, the sector recently invested Rs. 225 million towards…
UN resident coordinator for Sri Lanka Hanaa Singer says that Sri Lanka’s tourism industry should market the country as a sustainable destination. Speaking at the annual International Tourism Leaders’ Summit (ITLS) and Tourism Research Conference on Saturday (28) she highlighted the need for strong partnership with relevant stakeholders to create policies and measures that will…
The World Bank unveiled a new report recently to guide policymakers and development practitioners across Sri Lanka in better investing in the health and education of all Sri Lankans. The report Sri Lanka Human Capital Development: Realizing the Promise and Potential of Human Capital is part of the Human Capital Project, a global effort led…
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