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Canada provides humanitarian assistance to vulnerable communities in Sri Lanka

In response to the humanitarian appeals launched by the United Nations (UN) and the International Federation of Red Cross and Red Crescent Societies …

Third Round of SL – Thailand FTA negotiations scheduled to commence tomorrow

The third round of negotiations between Sri Lanka and Thailand on the proposed Free Trade Agreement (FTA) will be held on January 9 and 10th, 2023, …

Central Bank introduces measures to reduce overdependence on Standing Facilities

The liquidity deficit in the domestic money market, which remained significantly high during the first half of 2022, declined in the latter part of …

Fitch 2023 Outlook: Most Sovereign Sector Outlooks Deteriorating, Global Rating Prospects More Balanced

Fitch Ratings’ ‘deteriorating’ 2023 sector outlook for global sovereigns reflects weaker global economic growth, rising funding costs and …

Sri Lanka’s economy expected to register 8-pct contraction in 2022; gradual recovery from 2H2023: CBSL

Sri Lanka's economy is projected to register a real contraction of around 8.0 percent in 2022 and a gradual recovery from the second half of 2023, …

ComBank introduces ‘Visa Direct’ & ‘Mastercard Send’ card-to-card fund transfers – a first in SL

The Commercial Bank of Ceylon has announced the enabling of ‘Visa Direct’ and ‘Mastercard Send’ card-based fund transfer facilities for the …

Ten resolutions for your professional success

In an earlier article, I shared certain learnings that I have gained over the years for an organisation to be successful when implementing …

CA Sri Lanka’s Heshana Kuruppu appointed Vice President of South Asian Federation of Accountants

The South Asian Federation of Accountants (SAFA), which represents over 400,000 accounting professionals, has appointed Vice President of the …

David Cameron visits Port City Colombo

Former Prime Minister of the United Kingdom, David Cameron, visited Port City Colombo development project during a private trip to the island. …

Orange and Huawei’s 120 km fiber line in France sets new world record

Paris, France, Huawei and Orange have successfully achieved a new world record 1 of 157 Tbit/s transmission prototype testing over a 120 km fiber …

Former British Prime Minister meets the President

Former British Prime Minister David Cameron, who is on a personal visit to Sri Lanka, met President Ranil Wickremesinghe at the Presidential …

CCPI based headline inflation eased further in December 2022

Headline inflation, as measured by the year-on-year change in the Colombo Consumer Price Index decreased to 57.2% in December 2022 from 61.0% in …

Central Bank directs Kanrich Finance to settle liabilities of depositors

The Monetary Board of the Central Bank of Sri Lanka as a measure to strengthen the Non-Bank Financial Institutions Sector under the ‘Masterplan for …

USAID, Keells & HNB Partner to Provide USD 4Mn Lending Facility in Sri Lanka

The United States Agency for International Development (USAID) coordinates with Keells Supermarkets and Hatton National Bank (HNB) on an innovative …

First Capital announces appointment of directors to the board

First Capital Holdings PLC, a member of the Janashakthi Group, announced that Manjula Mathews has been appointed as the Deputy Chairperson to its …

All paddy farmers to receive free TSP fertilizer in 2023 through USAID & FAO

The Food and Agriculture Organization of the United Nations (FAO), with funding through the United States Agency for International Development …

Russian Airline Red Wings to operate charter services to Sri Lanka twice a week

Red Wings, one of the leading private airlines of the Russian Federation, will start charter flight operations to Mattala International Airport in …

Hambantota International Port to aggressively promote afloat repairs in 2023

The Hambantota International Port (HIP) is supporting Colombo Dockyard PLC (CDPLC) to handle running repairs to vessels while they remain afloat in …

Dialog to Shut Down its 3G Network to Give More Spectrum Capacity to Expand 4G Broadband

Dialog Axiata has announced plans to shut down its 3G data network in 2023 to free up spectrum and increase the capacity of its 4G Broadband network. …