Ceylon Chamber of Commerce joins global movement to end gender-based violence
The Ceylon Chamber of Commerce pledges to join the fight to end gender-based violence by joining the global campaign “Orange the World: 16 Days of …
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WHO asks countries to be vigilant as cases surge globally & new Variant of Concern is detected
In view of surge in COVID-19 cases elsewhere globally and detection of new variant of concern Omicron, the World Health Organization today appealed …
Policy interventions require that may be unpopular, says President at Export Awards
President Gotabaya Rajapaksa said that in the future too many unpopular decisions will have to be taken to overcome the global economic challenges …
National consensus on structural reforms needed to get out of economic crisis: Advocata
Sri Lanka is already in one of the worst economic crises in its history.The reforms are so difficult that no party will want to even contemplate let …
Opinion: Sri Lanka’s Hambantota Port Plug and Play ‘Park in Park’ Manufacturing Facility
By Maya Majueran Industrial Zones Industrial Zones are geographically designated areas that are earmarked by the government for the production of …
Inflation Is a Greater Policy Test for Emerging-Market Sovereigns: Fitch Ratings
Higher inflation is generally credit negative for sovereigns, but presents particular risks for emerging markets (EMs), as they often face higher and …
Aitken Spence Logistics to Build an additional 100,000 sq.ft. Container Freight Station
Aitken Spence Logistics recently embarked on commissioning a state – of – the – art, 100,000 sq. ft. container freight station at its main …
CBSL maintains policy rates; further acceleration of headline inflation expected
The Monetary Board of the Central Bank has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate …
New USAID 5-year, USD 19m project supports Sri Lanka’s renewable energy goals
On November 17, the United States Agency for International Development (USAID) announced its new $19 million, 5-year Sri Lanka Energy Program. Once …
JICA supports Bandaranaike International Airport expansions; new Apron & Taxiways to open
Prime Minister Mahinda Rajapaksha will open the new Apron and Taxiway constructed as a part of Bandaranaike International Airport Expansion Project …
Sri Lanka’s budget proposals weigh on insurers’ near-term earnings:Fitch
The Sri Lankan government’s proposal to introduce new one-off as well as recurring taxes on companies will likely constrain the near-term …
Sarvodaya Development Finance IPO oversubscribed on opening day
Sarvodaya Development Finance’s (SDF) Rs. 1 billion Initial Public Offering (IPO) was oversubscribed on the initial opening day, the company …
Alliance Finance raises Rs1Bn in subordinate debt to strengthen tier II capital
Alliance Finance Co PLC (AFC) has successfully raised LKR 1 billion in Tier II capital, with the aim of strengthening the regulatory capital of the …
Commercial Bank wins ‘Best Corporate Citizen Sustainability Award 2021’ for first time
Commercial Bank of Ceylon PLC won the coveted ‘Best Corporate Citizen Sustainability Award 2021’ at an annual event organized by the Ceylon …
ADB to take 8.5-pct stake in JKH via USD80Mn investment
John Keells Holdings PLC (JKH) yesterday announced the Asian Development Bank (ADB) will be taking up a 8.5 percent stake via a private placement …
Sri Lanka’s headline inflation increased to 8.3-pct in October
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1, increased to 8.3 percent …
Teejay Lanka achieves 81-pct emission reduction from sludge disposal
Invests Rs 90 million in Sri Lanka’s largest steam-powered paddle dryer Reduces GHG emissions by 2,326 tCO2e in one year Sri Lanka’s largest …
Sarvodaya Development Finance and Mitra Innovation work to build digital capabilities
Noting the potential of digitisation as a method of transforming ethical financing, Sarvodaya Development Finance (SDF) partnered with Mitra …
INSEE cement enters MoU with State Ministry of Home Affairs
INSEE Cement entered into a Memorandum of Understanding (MoU) with the State Ministry of Home Affairs today, to enhance knowledge of modern …
Wartime organic farming lessons for peacetime
By Jekhan Aruliah There is recent precedent in Sri Lanka for suddenly "going organic”. The Sri Lankan Civil War saw years of economic blockades and …
Sri Lanka@100 opens new application round for advisory services
Sri Lanka@100, a private sector-led business development platform supported by the United States Agency for International Development (USAID), …
Hambantota Port first Sri Lankan Port to receive ISO Integrated Management System Standards
Hambantota International Port (HIP) was the recipient of ISO Integrated Management System standards for its quality, environmental consciousness and …
Sri Lanka records highest-ever export figure in any October
Sri Lanka’s merchandise exports increased by 35.9% to US$ 1,160.62 Million in October 2021 compared to October 2020 as per the data released by the …
CB Governor & Treasury Secretary outlines govt’s recovery plan at CA Sri Lanka Budget Seminar
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) organised the Annual Budget Seminar where top government officials and business …