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‘s growth forecast to 2.2-pct in 2024
In Sri Lanka, growth is expected to turn positive, to 2.2 percent in 2024, a 0.5 percentage point upgrade from the previous forecast, with modest recoveries in reserves, remittances, and tourism. According to the World Bank’s the Sri Lanka Development Update, Bridge to Recovery, released today, inflation is expected to remain within the central bank’s target range and […]
Despite strong growth, South Asia remains vulnerable to shocks: World Bank update
Growth in South Asia is expected to be strong at 6.0 percent in 2024, driven mainly by robust growth in India and recoveries in Pakistan and Sri Lanka. But persistent structural challenges threaten to undermine sustained growth, hindering the region’s ability to create jobs and respond to climate shocks, says the World Bank in its […]
”’ magazine takes flight in the Middle East to help build economic bridges
Embarking on a journey of connectivity, the Kuwait Chapter of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) ventured into uncharted territories by marking a significant milestone in the landscape of communication with the launch of “The Hub” magazine. The magazine was officially launched at the Crowne Plaza Hotel in Kuwait, with […]
Increase Service Exports in Education Sector: EDB to work with SLANSHEI & Education Advisory Committee
The Sri Lanka Association of Non-State Higher Education Institutes (SLANSHEI) held its Annual General Meeting on 22nd March 2024 at Waters Edge, Battaramulla. Dr. Dayan Rajapaksha who was re-elected as the President of SLANSHEI for another term welcomed the gathering. The SLANSHEI membership consisted of 14 Higher Education Institutions. The main objectives of SLANSHEI are […]
World’s largest climate fund accredits MTI as observer organization
The Green Climate Fund (GCF), the world’s largest climate fund, has accredited MTI Consulting as an Observer Organization. The Green Climate Fund is the world’s largest climate fund, mandated to support developing countries to realize their Nationally Determined Contributions (NDCs) based on the Paris Agreement to move towards low-emissions and climate-resilient pathways. GCF operates through […]
Eshan Pieris: Sri Lankan racer set to take on Sepang 12 and GT World Challenge Asia 2024
Sri Lankan racing sensation Eshan Pieris is geared up for a remarkable 2024 racing season, kicking off with the highly anticipated 12 Hours of Sepang, followed by the GT World Challenge Asia 2024 in April. As a key member of the absolute racing family, Eshan Pieris, along with teammates Anderson Haryanto and Dorian Boccolacci, is […]
Shaping tomorrow, panel discussion emphasises need for strong female influence
A diverse and esteemed panel came together to delve into a crucial conversation surrounding the significance of impactful female figures in shaping the aspirations and dreams of future generations. The panel discussion served as a platform highlighting the critical need for recognising and celebrating the remarkable achievements of prominent female personalities in the public sphere […]
ComBank partners with IFC to develop Supply Chain Financing strategy
The Commercial Bank of Ceylon has announced a collaboration with the International Finance Corporation (IFC) to build a Supply Chain Financing (SCF) strategy that will enable the Bank to lend more to Small and Medium Enterprises (SMEs) and establish itself as a leading SCF bank in Sri Lanka. IFC has identified Commercial Bank as a […]
Thai PM’s Office on fact finding mission at Hambantota International Port
A delegation from the Thai Prime Minister’s office visited the Hambantota International Port (HIP) to explore opportunities and understand how the port operates under the public private partnership between the government of Sri Lanka and CM Port. The 8 member delegation included Ms Wannaporn Niyomthong, Deputy Director from Directorate 8 of Thailand; Surapat Phosaen, Minister […]
Opinion: Sri Lanka’s Graphite and Turning Tides in International Electric Vehicle Value Chains
By Chaya Dissanayake and Rashmi Anupama The global demand for Electric Vehicles (EVs) is projected to reach a staggering 80 million units by 2050, with the United States (US) alone expected to demand one million of these annually. This rising global demand will lead to a hike in the need for natural and synthetic graphite. […]