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PMI indicates an expansion in Manufacturing and Services activities in January 2024
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 55.6, indicating an expansion in manufacturing activities. This improvement was attributable to the increases observed in all sub-indices. The expansion in New Orders and Production was largely driven by the manufacture of textiles & apparel sector. However, New Orders and […]
Japan-funded “Climate Promise” initiative unleashes green revolution in Northwestern Sri Lanka
In a momentous ceremony, the Climate Promise project, funded by the Japan Supplementary Budget (JSB) marked the ceremonial handing over of Renewable Energy Technologies to Farmer Organizations in the Northwestern Province of Sri Lanka yesterday. The initiative, named ‘Enhancing Food and Energy Security through the Promotion of Green Technologies & Renewable Energy for Wider Uptake […]
Sri Lanka signs direct air service agreement with Israel
Ports, Shipping, and Aviation Minister Nimal Siripala de Silva announced the signing of a direct air service agreement between Israel and Sri Lanka yesterday (15). Speaking at a press briefing Minister de Silva highlighted the agreement’s focus on preventing delays in Sri Lankan workers’ migration abroad. “The agreement, signed between the Israeli Ministry of Transport […]
Top Universities to Compete in the CFA Institute Research Challenge Sri Lanka 2023/24
CFA Society Sri Lanka is pleased to announce that teams from the University of Colombo, the University of Sri Jayawardenepura, and two teams from the University of Kelaniya have qualified for the local finals, following an extensive grading process. The finals are scheduled for 27th February 2024 at the Colombo Stock Exchange Each university team […]
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Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel IIIcompliant subordinated debentures of up to LKR20 billion an expected National LongTerm Rating of ‘BBB+(EXP)(lka)’.
JICA President observing “The Investment Game” under Open Innovation Challenge
The Open Innovation Challenge (OIC), aiming to empower the Sri Lankan startup ecosystem by identifying and nurturing innovative ideas that have the potential to transform into economically viable businesses, was started on February 13th, 2024. On February 14th, 2024, a trial, “The Investment Game” was organized by Dr. Alex Lin from Singapore, who invested in […]
Sri Lankan Exporters Optimistic on Outlook 2024, despite Challenging Global Outlook
The recently released fifth Export Barometer Survey by The Ceylon Chamber of Commerce showcases the resilience of Sri Lankan exporters despite a challenging global outlook. In a survey covering 2023 and forecasting 2024, exporters expressed confidence in their growth prospects. Amidst economic dynamics, the export sector exhibited robust growth in 2023. Exporters stressed that increasing […]
SL High Commission in London hosts ‘Sri Lanka Business Drive 2024’
The High Commission of Sri Lanka in London in collaboration with the Commonwealth Enterprise and Investment Council (CWEIC) organised ‘Sri Lanka Business Drive 2024’, an interactive Roundtable discussion on investments at the High Commission on 02 February 2024. The event was presided over by High Commissioner of Sri Lanka to the United Kingdom Rohitha Bogollagama. The […]
Atlas empowers schoolchildren to conquer their dreams through joyful learning
Inspiring education for over 60 years, Atlas has been a cherished foundation in turning students’ dreams into vibrant realities by infusing joy into their learning experiences. Atlas has gone beyond its role as a leading stationery provider in Sri Lanka, offering a holistic learning experience to schoolchildren. Over the years, Atlas has tirelessly worked towards […]
Eran: Is Sri Lanka the only country where inflation decreases when commodity prices continue to increase?
Samagi Jana Balawega MP Eran Wickramaratne said that Government by appointing a committee to review the compliance of the MoUs signed with foreign countries proves the government and the administration has no experience international relations. The President within 18 months of his coming to power has visited 14 countries and has signed several Memorandum of […]