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SEC Sri Lanka Introduces a Mechanism to Report Social Media Wrongdoings
With the rapid evolution of communication channels and the increase of social media influence in the financial markets, the Securities and Exchange Commission of Sri Lanka (SEC) recognized the need for proactive measures to identify and address potential social media wrongdoings that may impact investors and market stability. Considering these developments, the SEC has taken […]
Sri Lanka and World Bank sign USD150 mn deal to strengthen financial sector resilience
The Government of Sri Lanka (GOSL) and the World Bank signed an agreement for $150 million in financing for Sri Lanka to strengthen the resilience of the financial sector through the Financial Sector Safety Net Strengthening Project (FSSNP). In parallel, the project agreement between the World Bank and the Central Bank of Sri Lanka (CBSL) […]
UK strengthens response capabilities for marine pollution incidents in SL
A team of UK-based pollution response experts delivered the workshop “Working Towards Proactive Environmental Preparedness in Sri Lanka”, with Sri Lankan stakeholders including Government, Non-governmental Organisations and academia, between 27 and 30 November 2023. The workshop was delivered under the Ocean Country Partnership Programme (OCPP), a UK government-led programme funded through the Blue Planet Fund. […]
The Pekoe Trail profiled among “Top 20 Travel Destinations for 2024″
National Geographic announced their picks for BEST OF THE WORLD 2024, the brand’s annual guide of the most exciting, meaningful, and one-of-a-kind travel experiences for 2024. The Pekoe Trail, Sri Lanka was selected in the “Top 20 Travel Experiences” category. BEST OF THE WORLD 2024 was created, researched, reported, and written in collaboration with National […]
Australia & Sri Lanka signed AUD 30mn subsidiary arrangement to support improved governance
On 30 January 2024, Australia and Sri Lanka signed a 10-year subsidiary arrangement that commits an initial AUD 30 million (LKR 6.3 billion) over five years to support improved governance in Sri Lanka. Through a suite of programs, the arrangement supports the Sri Lankan government, nonprofit institutions and civil society to improve evidence-based policy and […]
March 12 Movement Denounces Online Safety Bill Passage, Citing Constitutional Concerns
The March 12 Movement, a civic activist group in Sri Lanka, has strongly denounced the passage of the Online Safety Bill on January 24th, 2024, which they claim was done in an unlawful manner. The group reiterates that the Online Safety Bill poses a grave threat to the fundamental rights and democratic principles enshrined in […]
‘s economic sovereignty
Sri Lanka, facing internal and external challenges, grapples with the aftermath of its external debt crisis, exacerbating existing economic issues. The Easter attacks, COVID-19 pandemic, global conflicts, and economic mismanagement have pushed Sri Lanka back to seeking IMF assistance. Despite government efforts, widespread poverty persists, exacerbated by low-pay and unemployment. The civil society warnings about […]
JKH records strong growth in EBITDA to Rs.13.7 Bn in Q3 2023/24
John Keells Holding says during the quarter under review, the Group reported a strong performance with all industry groups recording a growth in profits with the Group earnings before interest expense, tax, depreciation and amortisation (EBITDA) at 13.74 billion rupees in the third quarter of the financial year 2023/24 which is a 32 percent increase […]
EDEX Expo 2024: Empowering Sri Lankan youth with education, innovation, and sustainability
Dedicated to providing comprehensive insights into a diverse range of opportunities in higher education, training, gainful employment and entrepreneurship for the Sri Lankan youth, the EDEX Expo 2024, the country’s largest, longest running and premier Education Expo will take place from 9th to 11th February at the Sri Lanka Exhibition and Convention Center (SLECC) in […]
‘s tourism industry
An interactive session organized by the Sri Lankan Airlines at the Sri Lanka High Commission in London, served as a platform for fostering collaboration between top UK tourism agencies and Foreign Minister Ali Sabry. The purpose of this event was to collectively strategize and enhance Sri Lanka’s position as a leading, multifaceted tourist destination. Regional […]