Category: Economy and Markets
‘s debt relief in coming weeks, India tells IMF
India is looking for a medium-to-long-term debt treatment through maturity extension and interest rate reduction or any other financial operation that would deliver similar financing or debt relief to Sri Lanka, an Indian official said. Confirming India’s strong support for Sri Lanka’s prospective EFF-supported program, the Additional Secretary of India’s Finance Ministry, Rajat Kumar Mishra, […]
Delegation of UAE investors visits Port City
A delegation of investors from the United Arab Emirates, led by His Royal Highness Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, visited Port City Colombo on the 14 th of January 2023, during a special visit to Sri Lanka for the purpose. Discussions were held between the members of the delegation, representatives from the […]
Ombudsmen of Sri Lanka and Türkiye signs bilateral cooperation MoU
On the sidelines of the International Ombudsman Conference 2023, the Office of the Parliamentary Commissioner for Administration (Ombudsman) of Sri Lanka and Ombudsman Institution of Türkiye has entered into Memorandum of Understanding (MoU) recently in Ankara. The Memorandum of Understanding between the Office Ombudsman of Sri Lanka and Ombudsman Institution of Türkiye was signed in the presence […]
SLT-MOBITEL revolutionises customer experiences with launch of mAgent initiative
Echoing its leadership in revolutionising customer experiences with innovative, sustainable solutions, SLT-MOBITEL, The National ICT Solutions Provider, announced the launch of ‘mAgent’, an exclusive first-of-its-kind frontline service deployed to assist customers from across Sri Lanka through personalised service at their doorstep. With the launch of mAgent, both Fixed and Mobile users will be able to […]
French collaboration for capacity building in the Sri Lankan Rubber industry
The Ministry of Plantation Industries of Sri Lanka entered into a Memorandum of Understanding with a French expert in the rubber industry, KSAPA, for capacity building of Rubber Smallholders in Sri Lanka. A Memorandum of Understanding (MOU) between the Ministry of Plantation Industries of Sri Lanka and KSAPA was finalised with KSAPA Managing Director, Raphael […]
AmCham and USAID collaborates with SLINTEC to accelerate growth of renewable sector
Sri Lanka Institute of Nanotechnology (SLINTEC), the first public-private research institute in Sri Lanka and the pioneer in nano and advanced technology research in the country, recently concluded two successful discussions and visits with AmCham and USAID, to initiate collaborations where they will work with both organizations to contribute towards the innovation and growth of […]
‘s economy expected to register 8-pct contraction in 2022; gradual recovery from 2H2023: CBSL
Sri Lanka’s economy is projected to register a real contraction of around 8.0 percent in 2022 and a gradual recovery from the second half of 2023, the Central Bank said. Releasing the outlook for the economy for 2023, the Monetary Board of the Central Bank said that the headline inflation is expected to move along […]
Ten resolutions for your professional success
In an earlier article, I shared certain learnings that I have gained over the years for an organisation to be successful when implementing information technology initiatives. There were six key learnings which I articulated in my article – customer (ie citizen) centric mindset when conceptualising initiatives, getting the internal processes right first over blind automation […]
CA Sri Lanka’s Heshana Kuruppu appointed Vice President of South Asian Federation of Accountants
The South Asian Federation of Accountants (SAFA), which represents over 400,000 accounting professionals, has appointed Vice President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) Mr. Heshana Kuruppu as its Vice President with effect from 01st January 2023. Mr. Nihar N. Jambusaria, Past President of the Institute of Chartered Accountants of […]
‘s 120 km fiber line in France sets new world record
Paris, France, Huawei and Orange have successfully achieved a new world record 1 of 157 Tbit/s transmission prototype testing over a 120 km fiber on the Orange network in South West France. This technical achievement unequivocally demonstrates that Orange’s current infrastructure is fully prepared for transmission technologies that can take on increasing traffic over the […]
CCPI based headline inflation eased further in December 2022
Headline inflation, as measured by the year-on-year change in the Colombo Consumer Price Index decreased to 57.2% in December 2022 from 61.0% in November 2022 recording the lowest reading in the second half of 2022. Following a similar trend, the Food inflation (Y-o-Y) decreased to 64.4% in December 2022 from 73.7% in November 2022. Meanwhile, […]
USAID, Keells & HNB Partner to Provide USD 4Mn Lending Facility in Sri Lanka
The United States Agency for International Development (USAID) coordinates with Keells Supermarkets and Hatton National Bank (HNB) on an innovative supply chain financing facility that supports micro, small, and medium-sized enterprises (MSMEs) in the food sector to access capital. Through greater access to capital, this facility reduces the supply chain disruptions that emerged during the […]