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End Arbitrary Detention of Student Activist: Human Rights Organizations
The Sri Lankan government should immediately end the arbitrary detention of Wasantha Mudalige, a student activist who was arrested on August 18, 2022, seven human rights organizations said today. Since August 21, Mudalige, 29, has been held on orders signed by President Ranil Wickremesinghe under the Prevention of Terrorism Act (PTA), a draconian law that […]
Ombudsmen of Sri Lanka and Türkiye signs bilateral cooperation MoU
On the sidelines of the International Ombudsman Conference 2023, the Office of the Parliamentary Commissioner for Administration (Ombudsman) of Sri Lanka and Ombudsman Institution of Türkiye has entered into Memorandum of Understanding (MoU) recently in Ankara. The Memorandum of Understanding between the Office Ombudsman of Sri Lanka and Ombudsman Institution of Türkiye was signed in the presence […]
SLT-MOBITEL revolutionises customer experiences with launch of mAgent initiative
Echoing its leadership in revolutionising customer experiences with innovative, sustainable solutions, SLT-MOBITEL, The National ICT Solutions Provider, announced the launch of ‘mAgent’, an exclusive first-of-its-kind frontline service deployed to assist customers from across Sri Lanka through personalised service at their doorstep. With the launch of mAgent, both Fixed and Mobile users will be able to […]
Haircut in Chinese context politically very difficult but discussions continue: Kristalina Georgieva
International Monetary Fund Managing Director Kristalina Georgieva says that a haircut in the Chinese context is politically very difficult even though there might be a way to reach the same objective by stretching maturities, reducing or eliminating interest rates, and payments. At a recent media roundtable, Georgieva said that they have engaged with the Chinese […]
Webinar on CFA Institute Scholarships to progress in financial careers
CFA Institute scholarships are part of an ongoing commitment to promoting the highest standards of ethics, education, and professional excellence, thereby helping to make the CFA® charter more attainable and providing more candidates an opportunity to advance their careers in investment research. CFA Institute offers a variety of scholarships, allowing more people to participate in […]
Fitch downgrades National Long-Term Ratings of 10 Sri Lankan banks
Fitch Ratings has downgraded the National Long-Term Ratings of 10 Sri Lankan banks following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan national rating scale. The recalibration is to reflect changes in the relative creditworthiness among Sri Lankan issuers following Fitch’s downgrade of Sri Lanka’s Long-Term Local Currency Issuer Default Rating (IDR) […]
Sharp, Long-lasting Slowdown to Hit Developing Countries Hard: World Bank
Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report. Given fragile economic conditions, any new adverse development—such as higher-than-expected inflation, abrupt rises in interest rates to contain it, a resurgence […]
New Administration Fails to Reverse Damaging Policies of Its Predecessor: Human Rights Watch
The change of presidents of Sri Lanka in 2022 did not lead to any improvement in the country’s human rights record, Human Rights Watch said today in its World Report 2023. During 2022, thousands of Sri Lankans took to the streets after years of misrule, impunity, and corruption undermined the rule of law and contributed […]
Courtyard By Marriott Debuts In Sri Lanka With The Opening Of Courtyard By Marriott Colombo
Courtyard by Marriott, part of Marriott Bonvoy’s extraordinary portfolio of 30 brands, today announced the opening of Courtyard By Marriott Colombo, making it the first Courtyard to open in Sri Lanka. Located at the heart of the city’s central business district adjacent to the Colombo City Centre Mall, Courtyard by Marriott Colombo is set to […]
Establishment of an export-oriented petroleum refinery in Hambantota
The Cabinet of Ministers has approved a proposal presented by the Minister of Power and Energy to call for expressions of interest to select a suitable investor for the establishment of a petroleum refinery near Hambantota. It has been identified that there is a high potential for the establishment of an export-oriented petroleum refinery and […]