All Blogs
Debt Restructuring Talks With External Bondholders Ongoing; Official Creditor Deals Await Finalization: IMF
Julie Kozack, Director of Communications at the International Monetary Fund (IMF), provided an update on Sri Lanka’s economic performance and debt restructuring efforts during a recent press briefing. “With respect to Sri Lanka’s economic performance, macroeconomic policies in Sri Lanka are starting to bear fruit.Commendable outcomes include a rapid decline in inflation, robust reserve accumulation, […]
Port City Colombo to reinvent SL economy to contemporary system that is geared for export of services
Port City Colombo says it hopes to empower large-scale business growth within the South Asian region through a reliable and competitive regulatory environment that enhances the ease of doing business. Issuing a statement the Port Coty Colombo says that this progressive economically ring-fenced landscape is projected to reinvent the Sri Lankan economy, from one that […]
Launching Creative Catalyst Fellowship: Sri Lanka’s First Leadership & Innovation Program for Creatives
Good Life X (GLX) announced the launch of the Creative Catalyst Fellowship (CCF) at Trace Expert City today. The program, funded by the U.S. Government’s development arm – the United States Agency for International Development (USAID), seeks innovative solutions to social issues, harnessing the power of creatives to raise awareness, mobilize resources, and advocate for […]
Two Luxury Liners visit Hambantota International Port
Two cruise ships docked at Hambantota International Port on 15th May 2024. MV. Silver Cloud owned by Silversea Cruises, the luxury brand of the Royal Caribbean Group arrived from Cochin carrying 232 passengers while TUI’s Mein Shiff5 arriving from Langkawi carried 2,434 passengers. A group of passengers from MeinShiff5 did their customary e-bike tour to […]
Siddhalepa takes Ayurveda to UAE
Siddhalepa, the Ayurveda-based wellness brand, unveiled its presence in the Middle East, particularly in the United Arab Emirates. This auspicious occasion celebrated recently, at the Pullman Hotel, Diera, Dubai, signifies a new era of holistic wellness in the region. The launch event commenced with a warm welcome address by Shihan Sherif, representee of the Sri […]
Sampath Bank reports Q1 results: PAT of Rs3.4Bn
Sampath Bank posted a profit before tax (PBT) of Rs 6.2 billion and a profit after tax (PAT) of Rs 3.4 billion for the three months ended 31st March 2024, notwithstanding an exchange loss of Rs 4.3 billion due to the appreciation of the LKR against the USD by Rs 23.70. These figures signify growth […]
CFA Society Sri Lanka Recognizes Achievements in Financial Management at University of Jaffna
CFA Society Sri Lanka (CFASSL) is pleased to acknowledge and celebrate excellence in the field of Financial Management at the University of Jaffna. In alignment with our dedication to fostering talent and recognizing exceptional academic performance, we are delighted to announce the recipients of our esteemed awards for the examination in 2021, presented at the […]
Advocata hosts: Charting the course: Revitalizing economic governance for prosperity
In an effort to address the ever-evolving landscape of global governance, an esteemed gathering of thought leaders from diverse backgrounds will convene for the “Charting the Course: Revitalizing Economic Governance for Prosperity” conference organized independent economic policy think-tank, the Advocata Institute will be held on Saturday, May 18th, 2024, at the Galle Face Hotel, Colombo […]
People’s Bank and EDB Forge Strategic Alliance to Boost Sri Lanka’s Export Sector
In a landmark move aimed at propelling Sri Lanka’s export sector to new heights, the Sri Lanka Export Development Board (SLEDB) and People’s Bank have entered into a strategic partnership. The collaborative effort was cemented through the signing of a Memorandum of Understanding (MOU) in Colombo. This partnership endeavors to invigorate the country’s export landscape […]