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Nirj Deva appointed as Presidential Envoy and Senior Advisor
September 21, 2022 (LBO) – Former member of the British and EU Parliaments, Nirj Deva Aditya, has been appointed by President Ranil Wickremesinghe as a Senior Advisor and Presidential Envoy. He will function as Senior Advisor on EU Affairs to the President and Presidential Envoy to Western Europe and the Commonwealth of Nations. Key objectives […]
Senior Japanese Parliamentarian on a fact-finding mission to help Sri Lanka
Senior Japanese Parliamentarian Matsushita Shinpei of Liberal Democratic party met Prime Minister Dinesh Gunawardena today (20) at the Prime Minister’s Office to discuss cooperation between the two countries and areas of possible future cooperation. Matsushita Shinpei said the main propose of his current visit is to see for himself how Sri Lanka is coping with […]
Dialog Axiata Group to Invest USD 152.4 Million in Sri Lanka
Dialog Axiata Group, the largest Foreign Direct Investor (FDI) operating under the aegis of the Board of Investment of Sri Lanka (BOI), announced the entering into of two supplementary agreements with the BOI for the investment of an additional sum of USD 152.4 Mn (LKR 56.7 Bn) in Sri Lanka’s Telecommunications and ICT Infrastructure on […]
USAID signs new five-year agreement with Sri Lanka
Building on the USAID Administrator Samantha Powers’s recent visit, US Ambassador to Sri Lanka Julie Chung announced today that the United States, through USAID, will provide an additional estimated $65 million (more than 23 billion Sri Lankan rupees) in assistance to Sri Lanka over a five-year period. The assistance falls under the Development Objectives Assistance […]
PIMA to hold forum on SL’s turnaround strategies and role of international community
The Alumni Association of the Postgraduate Institute of Management (PIMA), Sri Lanka’s largest and most prestigious MBA alumni network, will hold its first ever PIMA Strategic Forum on September 20 at the Shangri-La, Colombo. Titled “Sri Lanka’s turnaround strategies and the role of the international community” the event will see some of the finest minds […]
”’, on Rating Watch Negative
Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB, AA-(lka)/Rating Watch Negative) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR10 billion an expected National Long-Term Rating of ‘A(EXP)(lka)’, on Rating Watch Negative (RWN). The debentures, which have maturities of five, seven and 10 years, will be listed on the Colombo […]
UNDP & WHO Sri Lanka hand over essential medicines to address immediate health sector crisis
Addressing the immediate needs of the ongoing socio-economic crisis, the United Nations Development Programme (UNDP) in Sri Lanka has come forward to procure and deliver vital and essential medicines and medical supplies for the country, together with the World Health Organization (WHO) in Sri Lanka with the financial support of the United Nations’ Central Emergency […]
Fitch Ratings Slashes Global GDP Forecasts on Supply Shocks, Faster Rate Rises
The European gas crisis, high inflation and a sharp acceleration in the pace of global monetary policy tightening are taking a heavy toll on economic prospects. Fitch Ratings’ September 2022 Global Economic Outlook (GEO) includes deep and wide cuts to global GDP forecasts. Fitch now expects world GDP to grow by 2.4% in 2022 – […]
CICT named best container terminal of its capacity in Asia for 6th successive year
Colombo International Container Terminals (CICT) has been crowned the Best Container Terminal in Asia in the Under 4 million TEUs category for the sixth consecutive year, in just seven full years since it commenced fulloperations in mid-2014. The announcement of CICT’s prestigious win on a global platform was made at the 2022 Asian Freight, Logistics […]
JICA partners with UNDP in Sri Lanka to procure 200 Metric Tonnes of Maize Seeds
To address the immediate needs of the ongoing socio-economic crisis in Sri Lanka, Japan International Cooperation Agency (JICA) in the partnership with the United Nations Development Programme (UNDP) in Sri Lanka will procure a significant portion of maize seed requirements in Sri Lanka, targeting the Maha cultivation season. Maize is a staple input in the […]