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VIDEO: Earthquake in Indian politics – What cost Narendra Modi a landslide victory in election
Narendra Modi’s underwhelming victory in the Indian election has been described as an ‘earthquake in Indian politics’. India’s election results have sprung a surprise with the ruling BJP of prime minister Narendra Modi falling short of a majority. What are the top takeaways from these results?
Softlogic Capital grows 13-pct, records Rs. 431Mn PBT in FY24
Softlogic Capital, the financial services sector of the Softlogic Group consisting of Softlogic Life, Softlogic Finance, Softlogic Stock Brokers and Softlogic Asset Management (Softlogic Invest), recorded robust and resilient revenue growth, reporting notable top-line growth during the year ended 31 March 2024. Softlogic Capital’s consolidated revenue reached Rs.36.7 billion for the year ended 31 March […]
MullenLowe SL appoints Lakshika Gunatilake to head LowePublic
The MullenLowe Group Sri Lanka (MLG), the largest multidisciplinary brand communications group has appointed Lakshika Gunatilake, as the head of its Public Relations arm – LowePublic. Gunatilake joins the group after serving at Sri Lankan Airlines for the past 23 years. Her last position prior to taking up the role with MLG beingSriLankan Airline’s Digital […]
EFC delegation meets northern province Chief Secretary facilitated by ILO
A delegation representing 14 leading private sector companies together with Employers’ Federation of Ceylon (EFC) engaged in a high-level visit to explore strategic investment, trade, and growth opportunities in key sectors in the northern province. Organized by the International Labour Organization (ILO) in partnership with EFC, among the key objectives of the visit were to […]
Sri Lanka Leads Region in Recruiting More Women in Banking Industry but Barriers Remain: IFC Report
With 46 percent of all entry-level hires, a new study by the International Finance Corporation (IFC) finds that Sri Lanka is ahead of some of its South Asian peers in recruiting women at the entry-level of the banking industry. The study supported under the Women in Work program—a partnership between IFC and the Australian government— […]
Opinion: Ranil Wickremesinghe + Elon Musk = Optimism for Sri Lanka
June 1, 2024 (LBO) – A few weeks ago Sri Lankan media was abuzz with news of a meeting between President Ranil Wickremesinghe and the world’s richest and most famous person Elon Musk. When the photographs actually surfaced of the meeting, facilitated by the President’s Climate Advisor and Deputy Leader of the UNP Ruwan Wijewardene, […]
Siyapatha Finance PLC debenture issue oversubscribed
Siyapatha Finance PLC, a subsidiary of Sampath Bank PLC and a prominent leader in Sri Lanka’s non-banking financial sector, announces the resounding success of its recent debenture issuance, which received an overwhelming response from investors, meeting and surpassing all expectations. The highly anticipated initial public offering of Siyapatha Finance PLC’s debenture issuance, officially opened for […]
IORA Biz Conclave 2024 spurs trade and strategic MOUs
The Indian Ocean Rim Association (IORA) Business Conclave 2024, held from May 28th to 29th facilitated trade and investment across the Indian Ocean Rim region by yielding strategic MOUs and promoting international industry engagement. Organised by the Ceylon Chamber of Commerce in collaboration with the Ministry of Foreign Affairs Sri Lanka, the Conclave brought together […]
New laws to curb political appointments to boards; new employee centre focused on unions & their rights: President
In a move aimed at fostering a conducive environment for national development, President Ranil Wickremesinghe has announced his intention to introduce legislation that will depoliticize board appointments across government institutions. The President emphasized the need to ensure that appointments are made based on merit and expertise rather than political affiliations. Acknowledging the country’s ongoing economic […]
In Maine Battleground, a Democrat Grasps to Win Over Trump Voters
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