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Central Bank of Sri Lanka Discontinues Pension Payments for Governors
The Central Bank of Sri Lanka (CBSL) has announced a significant change in its pension policy for former Governors, effective from September 11, 2024. Under the revised rules, any Governor appointed after January 1, 1998, will no longer be eligible for pension payments. This move comes as part of a broader reform under the CBSL […]
High-Level IMF Team Meets Sri Lankan Government to Discuss Economic Reforms
A high-level delegation from the International Monetary Fund (IMF) arrived in Sri Lanka today (02) to engage with the newly formed government led by President Anura Kumara Dissanayake. The primary objective of the visit was to initiate discussions on the progress of the IMF Program and necessary steps towards the release of the fourth tranche […]
External Affairs Minister S Jaishankar to visit Colombo this week
External Affairs Minister S. Jaishankar is set to visit Colombo this week, marking the first high-level engagement with newly elected President Anura Kumara Dissanayake. This visit aims to reaffirm India’s commitment to Sri Lanka, especially amidst concerns about potential shifts in foreign policy under the new Marxist leadership.
Fonterra unveils its revised strategy, emphasizing stronger focus on Ingredients & Foodservice businesses
Fonterra Co-operative Group Ltd has released its revised strategy, which will see the Co-op deepen its focus on its high-performing Ingredients and Foodservice businesses to grow value for farmer shareholders and unit holders. This follows a strategic review that confirmed the Co-op’s strengths as a B2B dairy nutrition provider, resulting in Fonterra’s decision to explore […]
YUKTHI Calls for Rejecting the Recent Bond Deal
YUKTHI, a plural research forum supporting working people’s movements and people’s struggles for democracy and justice in Sri Lanka, calls on the President to reject the recent debt restructuring deal with bondholders. “Sri Lanka should avoid extractive high interest ISBs in the future, as that was the cause of the debt crisis in the first […]
EnerGulf: Leading the charge in sustainable energy
The solar energy landscape is evolving, driven by technological advancements, increasing environmental concerns, and the urgent need for sustainable energy solutions. As the sector continues to expand, the role of strong, visionary leadership becomes paramount in guiding companies towards success. Effective leadership is essential for navigating complex challenges, fostering innovation, and ensuring the successful implementation […]
Women’s Chamber of Industry and Commerce holds 39th AGM
The Women’s Chamber of Industry and Commerce (WCIC) held its Annual General Meeting (AGM), marking a pivotal moment in the organization’s 39-year journey. Established in 1985 as the world’s first chamber dedicated to empowering women, WCIC remains committed to fostering female entrepreneurship, leadership, and professional development across Sri Lanka. This year’s AGM, led by Chairperson […]
President Meets with U.S. Ambassador Julie Chung
President Anura Kumara Dissanayake met with U.S. Ambassador Ms. Julie J. Chung at the Presidential Secretariat, today (01). Ambassador Chung extended her warm congratulations to President Dissanayake on his recent inauguration and emphasized the importance of fostering robust bilateral relations between the United States and Sri Lanka. Particular focus was placed on enhancing diplomatic relations […]
SL Purchasing Managers’ Index for construction industry expands at slower pace in Aug 2024
Sri Lanka Purchasing Managers’ Index for Construction (PMI -Construction) expanded at a slower pace in August 2024 over the significantly higher level reached in the previous month, recording an index value of 51.4. Further, most of the other indices were also around the neutral threshold, indicating that the operations of the construction industry broadly remained […]
Sri Lanka’s August 2024 Merchandise Exports Rise by 4.2-pct to USD 1.2 Bn
As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in August 2024 amounted to US$ 1,165.4 million, recorded an increase of 4.18 % compared to the month of August 2023. This was mainly due to the increase in earnings from export of Apparel & Textiles, Tea, Rubber based products, […]