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‘s loan application to IMF
China’s government on Friday confirmed that it is offering an extension on the debt service due in 2022 and 2023, which means Sri Lanka will not have to repay the principal and interest due on the Export-Import Bank’s loans during that period. “On January 19, the Export-Import Bank of China, as the official bilateral creditor, […]
‘s Bitcoin proposal to fix economy
Sri Lanka’s Central Bank has rejected billionaire venture capital investor Tim Draper’s proposal to introduce a Bitcoin-based solution to fix the economy. The Silicon Valley entrepreneur’s proposal was not well received in a short meeting by the Central Bank Governor Nandalal Weerasinghe. He has argued that the adoption of Bitcoin could help alleviate corruption by […]
Grant of 100 Mn Japanese yen to support reconciliation efforts of Sri Lanka
Takei Shunsuke, the Minister of State for Foreign Affairs of Japan, stated that he is constantly working to support the reconciliation efforts of Sri Lanka and that a grant of 100 million Japanese yen will be given to continue those activities. The Japanese Minister expressed these views in a discussion with the Minister of Justice, […]
VIDEO: Rob Miles discusses ChatGPT & how it may not be dangerous, yet
Rob Miles discusses ChatGPT and how it may not be dangerous, yet.
US President extends warm wishes to Sri Lanka on its 75th Anniversary of Independence
US President Joseph R. Biden, in a warmly worded letter of felicitation, conveyed his best wishes to President Ranil Wickremesinghe and the people of Sri Lanka on the occasion of the 75th Anniversary of Sri Lankan Independence. The US President stated that he looks forward to strengthening and deepening the bilateral friendship even further and, […]
On the 75th, Independence, time to re-plug to the world economy
Advocata Institute As Sri Lanka is inaugurating its political independence of 75 years on February 4th, the burning issue the public is struggling to grapple with, in the recent past, is the worst economic slump. Many factors have contributed to the current economic crisis but protectionism and trade barriers are main elements that have further […]
Hatch enters partnership with Draper Startup House to strengthen SL’s position as Startup Nation
Startup ecosystem builder Hatch entered a strategic partnership with Draper Startup House, a global network of spaces connected to resources for entrepreneurs. Hatch shares a vision with Draper Startup House for Sri Lanka and has come onboard to support Hatch’s “Sri Lanka: From Troubled Nation to Startup Nation” initiative which seeks to change the narrative […]
Ceylon Chamber Facilitates SME Entry to International Markets
Supporting the capacity development and growth of the Small and Medium Enterprises sector, the Ceylon Chamber of Commerce recently held a series of workshops to facilitate SMEs’ entry into international markets. The Enterprise Transformation and Market Access (ET&MA) programme, developed and conducted by the Ceylon Chamber’s Centre for SMEs together with VSSL Global, offers mentorship, […]
Hambantota International Port handles 3 cruise ships in January
Cruise ships Artania, Coral Geographer, and The World visited Hambantota International Port (HIP) in January 2023. More than 1000 passengers disembarked to visit popular tourist destinations in the South. Amongst the sights were the Mulkirigala Temple, Ruhuṇu Kataragama Devalaya, Udawalawe National Park, Yala National Park, and the bird park in Hambantota. They also visited […]
Ceylon Chamber of Commerce launches outlook 2023 report
The Ceylon Chamber of Commerce (CCC) recently launched the 8th edition of its flagship annual Outlook Report for 2023 at the Economic Outlook 2023 seminar. The Report was launched in the presence of Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka who delivered the keynote address. Compiled by the Economic Intelligence Unit […]