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‘s Reforms During Official Visit
Concluding a two-day visit, IFC’s Vice President for Asia Pacific, Riccardo Puliti, signaled IFC’s commitment to supporting Sri Lanka’s ongoing reforms and growth agenda, while emphasizing the importance of private sector-led development for inclusive economic growth. The visit served as an opportunity for Puliti to engage with key stakeholders, including meeting the President of Sri […]
Janashakthi Group appoints Minette Perera & Vishnu Balachandran to Board of Directors
Janashakthi Group (JXG) has appointed Minette Perera and Vishnu Balachandran as Independent, Non-Executive Directors to the Company’s Board of Directors. Minette Perera has a distinguished career as the former Group Finance Director of the MJF Group, where she played a pivotal role in managing finance functions across a vertically integrated tea operation. During her employment […]
EQT to acquire WSO2; acquisition to enable accelerated investment in technology
WSO2, the leader in digital transformation technology, announced today that it has signed a definitive agreement to be acquired by EQT. “We are thrilled to partner with EQT as we embark on the next phase of WSO2’s journey,” said Dr. Sanjiva Weerawarana, CEO and Founder of WSO2. “With EQT’s support and expertise, we are well-positioned […]
TISL Invites Public Comments on the Proposed Law on Recovery of Stolen Assets
Grand corruption has long plagued Sri Lanka, undermining the country’s economic development and eroding public trust in the government. Citizens have been increasingly vocal in their demand for justice, transparency, and the return of illicitly acquired wealth to benefit the nation. The Proceeds of Crime Act (POCA) intends to provide a legal framework for tracing, […]
‘s remarks on wage hike may be misunderstood
The Planters Association of Sri Lanka and its members are concerned that the President’s remarks may be misunderstood and lead workers and the public to assume that a final decision has been taken in this matter when it has not, the Assosiaction said in a statement. The Association’s statement was issued following widespread media coverage […]
Finance for Non-Finance Managers: Best-Seller on Amazon to be Ultimate Guide to Mastering Money Matters
Financial literacy is key to managing money effectively, but managers without a background in finance may find concepts such as budgeting, building and improving credit, saving, borrowing and repaying debt, and investing challenging. A recently released Amazon best-seller demystifies finance for non-finance managers and explains the intricacies of accounting fundamentals in simple terms. Written by […]
”’ Rating
Fitch Ratings has assigned Asia Asset Finance PLC’s (A+(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured debentures of up to LKR2 billion an expected National Long-Term Rating of ‘A+(EXP)(lka)’.
Sri Lanka exports earnings up almost 10-pct in Mar 2024
The deficit in the merchandise trade account narrowed to US dollars 369 million in March 2024 from US dollars 412 million recorded in March 2023, primarily due to a higher increase in exports than the increase in imports. However, it widened compared to February 2024 (US dollars 319 million).Meanwhile, the cumulative deficit in the trade […]
Sri Lanka inflation up 1.5-pct in April 2024
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 showed some uptick to record 1.5% in April 2024 compared to 0.9% in March 2024. Food inflation (Y-o-Y) decelerated to 2.9% in April 2024 from 3.8% in March 2024. Nevertheless, Non-Food Category recorded an inflation (Y-o-Y) of 0.9% […]
Pan Asia Bank and Janashakthi Life partner, forging era of financial empowerment
As a testament to its continuous devotion to its customers’ satisfaction, Pan Asia Bank, the Truly Sri Lankan Bank, has established a strategic partnership with Janashakthi Life. Through this agreement, a comprehensive insurance package will be offered, tailored to the ever-changing demands of the bank’s valued customers. Sharing a few words on the new partnership, […]