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‘ Forum partners with USAID to conduct the Agcelerator Bootcamp
In an effort to support young entrepreneurs in agriculture, the Sri Lanka Agripreneurs’ Forum (SLAF), a prominent agricultural business association in Sri Lanka, is collaborating with the United States Agency for International Development (USAID) to organize the Agcelerator Bootcamp. The Agcelerator Bootcamp, hosted by SLAF and supported by USAID Catalyze Sri Lanka Private Sector Development […]
‘ComBank Digital’ links Dept. of Commerce for online payments with LankaPay
The Commercial Bank of Ceylon has announced the integration of the Department of Commerce (DOC) with ‘ComBank Digital’ enabling online payments for services via LankaPay. As a result, businesses or individuals can now make secure real-time online payments for services such as registration of exporters, issuance of certificates of origin and other facilities offered by […]
TISL Files FR Petition Over Human Immunoglobulin and Other Controversial Medical Supplies
Transparency International Sri Lanka (TISL) filed a Fundamental Rights Application (SCFR/ 99/2024) at the Supreme Court on April 16th, highlighting the serious ramifications on the health sector and the general public from the recent controversial procurement of medical supplies including human immunoglobulin (Human-IG). The Cabinet of Ministers, the incumbent and former higher officials in the […]
WSO2 Expands Presence in India to Strengthen Service & Support for Customers Worldwide
WSO2 Inc., a leading independent software vendor specializing in open-source API management, integration, and identity and access management (IAM) products and internal developer platform technologies, is expanding its presence in India and has opened a new office in Bengaluru. Operating in India as ‘WSO2 India (Private) Ltd.’, the expansion is part of the company’s strategic […]
Debt Restructuring: Govt has failed to strike a deal favorable to Sri Lanka – Harsha de Silva
According to a recent press release, the government of Sri Lanka has failed to secure a deal that benefits its people, says Harsha de Silva, the economics spokesperson for the main opposition SJB and Chairman of the COPF. He voiced his disappointment over the lack of transparency in the government’s debt restructuring process, despite his […]
Sri Lanka announces end of initial talks with members of ad hoc group of bondholders
The Government of Sri Lanka announces today that it has held restricted discussions over the past three weeks with nine members of the steering committee who agreed to take part in the restricted discussions of the Ad Hoc Group of Bondholders of its International Sovereign Bonds (ISBs). The Steering Committee as a whole comprises ten […]
Dilshan Wirasekara on Capital Raising and the Stock Market Outlook for 2024
The Chairman of the Colombo Stock Exchange (CSE) discusses the opportunities for capital raising and Stock Market Outlook for 2024. 1. Give us an overview of the current market landscape and discuss the CSE’s overall outlook for the year 2024. We believe the overall outlook of the CSE, for the year 2024 to be a […]
India lifts export ban on onions for Sri Lanka
The government of India has lifted the export ban on onions for Sri Lanka, with export of up to 10,000 MT of onions permitted vide the enclosed notification of the Directorate General of Foreign Trade. The exemption for Sri Lanka reiterated India’s Neighbourhood First policy, adding to the Sinhala and Tamil New Year festivities here, […]
’24
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 62.5 in March 2024, indicating an expansion in manufacturing activities. This marks the highest PMI-Manufacturing that was recorded in three years. All the sub-indices expanded on a month-on-month basis contributing to this increase, mainly driven by the seasonal demand. The […]
ComBank appoints new Chairman and Deputy Chairman
Commercial Bank of Ceylon PLC has announced the appointment of top international investment banker Mr Sharhan Muhseen as Chairman, and financial services professional Mr Raja Senanayake as Deputy Chairman, effective Monday, 22ndApril 2024. Mr Muhseen, previously Deputy Chairman of the Bank, succeeds Prof. Ananda Jayawardane as Chairman upon the latter’s retirement, and Mr Senanayake, a […]