Category: Other
IMF Executive Board Approves a Proposal to Increase IMF Quotas
The IMF Executive Board approved today a proposal to be considered by the Board of Governors to conclude the 16 th General Review of Quotas (16 th Review) with a significant increase in quotas. The proposal follows the guidance from the International Monetary and Financial Committee (IMFC) at the 2023 Annual Meetings. “Concluding the 16 th Review with a quota increase will help preserve a […]
United States International Development Finance Corporation CEO Scott Nathan Visit to Sri Lanka
U.S. International Development Finance Corporation (DFC) Chief Executive Officer (CEO) Scott Nathan will visit Colombo to participate in a launch event for a new DFC investment at the Port of Colombo that will provide critical infrastructure for the South Asian region. CEO Nathan will also participate in a signing ceremony for DFC’s investment commitment to […]
Dr. Melanie Ratnam, First Tamil Canadian Woman to be recognized for Canada’s Women’s History Month 2023
In October 2023, Woman and Gender Equality (WAGE) Canada recognized Dr. Ratnam as part of Women’s History Month, an annual celebration highlighting the outstanding achievements of Canadian women and girls. Dr. Ratnam is the first Tamil Canadian women to receive this honour. This year’s WAGE theme, “Through Her Lens: Celebrating the Diversity of Women,” acknowledges […]
Government urged to crack down on tax evaders instead of taxpayers: Harsha
In a press conference held yesterday, MP Harsha de Silva, Chairman of the Committee on Public Finance, shed light on the government’s tax collection efforts, revealing significant shortfalls in expected revenue. His comments have ignited a debate on the fairness of the current tax collection system and whether the government should prioritize collecting taxes from […]
Sujeewa Lal Dahanayake elected as President-Elect at OPA AGM
Attorney-al-Law Sujeewa Lal Dahanayake was elected as the President-Elect at the Organization of Professional Associations (OPA) at the Annual General Meeting which was held on the 27th of October, 2023. Dahanayake, who was General Secretary over the past year, has served in various capacities at the OPA over the last 10 years. Founded in 1975, […]
‘s real estate market trends
In a significant stride towards fostering transparency and informed decision-making within South Asia’s real estate landscape, the Research Intelligence Unit (RIUNIT) unveiled a series of reports during the 8th Islamic Finance Forum of South Asia, held on recently at the Shangri-La hotel in Colombo. These reports provide a holistic view of the real estate markets […]
Global Bond Yields Climb as US GDP Growth Picks Up: Fitch Ratings
Global bond yields have risen significantly in recent months as US economic growth has picked up, supported by strong consumer spending and job creation. The rise in yields in the US and Europe is despite signals from central banks that policy interest rates are approaching peaks and clear evidence that monetary tightening to date is […]
Industry Leader Sujeewa Mudalige retires after an illustrious career in professional services
PwC Sri Lanka today announced the retirement of its Territory Senior Partner, Sujeewa Mudalige, effective October 27, 2023, after serving the firm for over 25 years. Earlier the Sri Lanka firm of the PwC network had announced their decision to exit the network. The firm intends to join the Deloitte network, with effect from 28 […]
Recognizing contribution of women in Sri Lanka towards food security and sustainable economic recovery
Achieving gender equality and empowering women is not only the right thing to do but is a critical ingredient in the fight against extreme poverty, hunger and malnutrition. As the world celebrates International Rural Women’s Day on 15th October each year, the day shines a spotlight and recognizes the significant contributions of women to global […]
JICA Supports NWSDB to Transform Operations with Digital Solution
The National Water Supply and Drainage Board (NWSDB) is set to digitalize its operations with the introduction of a cutting-edge Electronic Document Management System (EDMS) with the supports extended by the Japan International Cooperation Agency (JICA). JICA delivered comprehensive recommendations to enhance project implementation efficiency and effectiveness in May 2023; accordingly, further support to develop […]
Borders and Budget: Visa reform will boost tourism and reverse brain drain
By Daniel Alphonsus Three million tourists are set to visit our shores next year. We will issue nearly as many online visas – millions too many. ETAs are a tourist’s bane: rather than dreamy sun, sea and sand, the weary salaryman’s getaway begins with the tedium of forms. The tourist’s ayubowan to Sri Lanka begins […]
Siddhalepa is named on LMDs most respected brand for year 2022
Siddhalepa, the pioneering Ayurvedic entity in Sri Lanka, was yet again ranked last month in LMD’s 19th Annual Most Respected Brands for the year 2022. This prestigious acknowledgment marks the ninth time Siddhalepa has been recognized by LMD, reaffirming its unwavering commitment to excellence and its enduring 90-year dedication to improving the lives of people […]