Category: Economy and Markets
Banks welcome CBSL Governor’s assurances on anticipated Govt. announcement on DDR or DDO
The Sri Lanka Banks’ Association (SLBA) has welcomed the assurance by the Governor of the Central Bank of Sri Lanka (CBSL) Dr Nandalal Weerasinghe that financial sector stability will be maintained, and the clarifications provided by the Governor on the relevant process in this regard. In a statement, the SLBA noted that the Dr Weerasinghe’s […]
Harsha calls for legislative amendment to protect holders of domestic debt in a possible restructure
Opposition Parties Stand United for Careful Domestic Debt Restructuring In a press conference held at the Leader of the Opposition’s office, MP Harsha de Silva, expressed his thoughts and suggestions regarding the upcoming domestic debt-restructuring plan in Sri Lanka. He divulged that opposition parties, while cautious about the potential consequences, would discuss the need for […]
Ceylon Chamber calls for political and public support for debt restructuring process
The Ceylon Chamber of Commerce stresses the importance of patience and trust in the domestic debt restructuring process. As emphasized by the Central Bank of Sri Lanka, priority focus will be on maintaining financial system stability and ensuring that depositors will not be adversely impacted. It is vital that we collectively allow for comprehensive and […]
RIUNIT launches second Bangladesh country report 2023
Research Intelligence Unit (RIUNIT) released its second Bangladesh Country Report 2023 containing key trends and developments in the economy and major sectors such as the residential, commercial and retail real-estate markets as well as the hotel and bare land markets pertaining to the capital of Dhaka. The new report also outlines the behaviour of macroeconomic indicators […]
Sri Lankan companies participate in largest trade show in South Africa
Two major Sri Lankan export companies participated in the South African International Trade Exhibition (SAITEX) 2023, an annual multi-sector trade-show, held at the Gallagher Convention Centre in Johannesburg, South Africa from 18– 20June 2023. This year, more than 120 exhibitors from 37 countries participated at SAITX attended by more than 3500 attendees representing importers, wholesalers, retailers, product […]
CFA Society Sri Lanka Capital Market Awards 2023 celebrates excellence in capital markets industry
The 10th annual CFA Society Sri Lanka Capital Market Awards, organised by the CFA Society Sri Lanka, was held on Wednesday, 21 June 2023, at Cinnamon Grand, Colombo, with the objective of recognising and rewarding excellence in the local capital markets. This year’s event focused on the theme ‘Invest Smart, Build Resilience, Thrive in Sri […]
HEINEKEN Lanka launches its first screen-printed & returnable glass bottle in Asia Pacific
PGP Glass Ceylon PLC, the sole manufacturer of glass bottles for Food and Beverages in Sri Lanka and HEINEKEN Lanka Limited, a wholly owned subsidiary of HEINEKEN N.V., proudly announced a milestone for Sri Lanka’s innovation and sustainability agenda with the launch of the 625ml reusable bottle incorporating screen printing technology. Launched in the presence […]
LankaPay unveils new strategic direction to strengthen regional presence
LankaPay, the National Payment Network of Sri Lanka, has embarked on a new strategic vision, aimed at reinforcing its position within the region and enhancing its contribution to the island nation. In pursuit of this ambitious goal, the company has recently launched a comprehensive business and organizational development strategy, accompanied by a significant internal restructuring […]
Dialog enterprise becomes VMware sovereign cloud provider in South Asia
Dialog Enterprise, the corporate ICT solution arm of Dialog Axiata PLC, announced it has become a VMware Sovereign Cloud Provider in South Asia. The announcement was made at a recent event held at Shangri-La Colombo, which was attended by many ICT professionals from major corporations across various industries that fuel Sri Lanka’s economy. A sovereign […]
CSE to conduct full day of trading from Disaster Recovery site
The Colombo Stock Exchange (CSE) is to conduct a planned full day of trading from the Disaster Recovery site using Automated Trading System Disaster Recovery Solution on Friday, 23rd June 2023. The exercise will be an industry wide activity with the participation of all stakeholders, to ensure the preparedness of all participants to meet the […]
3 ways to make social protection work for Sri Lanka’s poor and vulnerable: WB
One-fourth of Sri Lankans are living in poverty, yet more than 50% are not covered by social protection schemes Fragmentation and poor governance have resulted in an inefficient social protection system Increased transparency, inclusion, adaptability, and accountability mechanisms such as citizen engagement are essential for building a better social protection system The COVID-19 pandemic and […]
Port City Colombo undertakes coral reef conservation amid environmental challenges
Port City Colombo, which extends from the Central Business District of Colombo, showcases a profound commitment to environmental preservation through the development of extensive coastal and marine habitats. A significant testament to this is a flourishing coral reef along the city’s 3.7km-long artificial breakwater. This thriving reef forms part of a wider reef conservation initiative […]