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JICA handed over Composting Machinery at Karadiyana to Western Province Governor
Japan International Cooperation Agency (JICA) supported National Solid Waste Management Support Centre, Waste Management Authority and a number of relevant organizations to jointly develop Solid Waste Management Master Plan in Western Province (MP). On 4th July 2024, a ceremony was held to officially handover the equipment and machinery provided under the JICA-MP project at Karadiyana […]
Opinion: Catalyzing MSMEs amid rising poverty?
By Indika Hettiarachchi As Sri Lankan economy is recovering from the economic crisis, there are lot of discussions on catalyzing the ailing micro, small and medium enterprises (“MSME”). MSMEs are believed to be accounting for around 90% of all businesses in Sri Lanka. Surveys indicate that over 20% of MSMEs were closed down during 2018 […]
ComBank Bangladesh operations receive ‘AAA’ credit rating by CRISL
Commercial Bank Bangladesh, the Bangladesh operation of Commercial Bank of Ceylon PLC, has received a ‘AAA’ (Triple A) Long Term credit rating from Credit Rating Information and Services Ltd (CRISL) for 2024, the 14 th consecutive year it has received the highest credit rating given to a financial institution in Bangladesh. Valid till June 2025, […]
SL’s IT and BPM sector urges reconsideration of tax measures affecting export services: SLASSCOM
In light of the recent communication regarding the removal of the exception on the export of services, we, the Sri Lanka Association of Software and Services Companies (SLASSCOM), the Federation of Information Technology Industry Sri Lanka (FITIS), the BCS Sri Lanka Section (BCS), and the Computer Society of Sri Lanka (CSSL) share our collective thoughts […]
Sri Lanka Seeks Commercial Loan Relief to Align with IMF Requirements: CBSL Governor
Sri Lanka is actively negotiating with commercial creditors for debt relief similar to that achieved with bilateral creditors, Governor of the Central Bank of Sri Lanka Dr Nandalal Weerasinghe said. This move aligns with International Monetary Fund (IMF) criteria for Sri Lanka’s economic recovery plan. “We have requested comparable loan concessions from commercial creditors,” in […]
Sri Lanka urged to tap sustainable bonds for economic and environmental progress: ADB
The Asian Development Bank (ADB) urged Sri Lanka to ramp up its growth efforts while tackling climate change challenges, emphasizing the potential of green bonds to meet the country’s financial needs. ADB Country Director Takafumi Kadono highlighted that public sector funding alone is insufficient for these efforts, making it essential to mobilize private financing through […]
Despite Framework, Sri Lanka Seeks ESG Investors for Green Bonds Amid Sovereign Rating Challenges
Despite the establishment of a robust regulatory framework for Sustainable Bonds in October 2023, Sri Lanka has yet to see new issuances in its local capital market. This delay highlights the challenges and opportunities as the nation seeks to leverage green finance to drive sustainable development. Speaking at the Asian Development Bank (ADB) Global Sustainability […]
Global Environment Facility grants USD 5mn to Environment Ministry & UNDP to implement project on chemical disposal
Sri Lanka does not manufacture products which contain POPs or Mercury. However, many products containing these substances are imported to the country for various uses every year. Though stringent regulations have been introduced, a lack of capacity in the application of these regulations results in the continued mismanagement of chemical imports to the country. The […]
Emirates announces exclusive fares for Sri Lankan travellers booking trips to Europe and USA
Emirates has announced special fares exclusive to Sri Lanka, enabling travellers from Colombo to enjoy journeys to Europe and North America while flying better. Inclusive of 20 popular destinations, the special fares allow Emirates customers to reap savings while enjoying the airline’s world-class services across all cabins. The limited-time only special rates enable passengers to […]
CEAT tyres roll into Brazil, expanding brand’s export footprint
Brazil, the country that gave the world natural rubber, has become the latest export market for CEAT tyres manufactured in Sri Lanka. CEAT Kelani Holdings recently despatched its first export consignment of tyres to Brazil, the second country in South America to join the Company’s international footprint, which covers 16 countries. The commencement of exports […]