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Ceylon Chamber Cheers President’s Call to Form All-Party Government
The Ceylon Chamber of Commerce welcomes the call by President Ranil Wickremesinghe to initiate the formation of an All-Party Government, as a concerted and united effort is necessary to address the current challenges facing the country. Full Statement At this extremely crucial juncture for Sri Lanka, all political parties must join hands and put Sri […]
I am not like other politicians, says President presenting Govt. Policy Statement (Full Speech)
The ceremonial opening of the third session of the Ninth Parliament was held today (03) under the patronage of President Ranil Wickremesinghe. Following the ceremonial opening of the new session, President Wickremesinghe presented the government’s policy statement in Parliament in accordance with the powers vested in him by Article 33 of the Constitution. Following the […]
Despite challenges, SL’s positioning remains unmatched in high-end apparel manufacture
Director of Stretchline Holdings Norman Collier Globally successful manufacturing destinations for high-end apparel have three defining characteristics. Firstly, they have robust secondary supply chains – which are critical to ensuring the timely availability of all required inputs. The importance of this becomes apparent once you consider that to manufacture an item like a bra, producers […]
DIMO together with Kalmar uplifts Sri Lanka’s port and inland container terminal operations
DIMO, a leading diversified conglomerate in Sri Lanka, and Kalmar, a global industry forerunner in port and inland container terminal automation and in energy-efficient container handling solutions, are geared to enhance and uplift local container terminal operations to the next level. This partnership reflects DIMO’s commitment to continuously fuelling the dreams and aspirations of the […]
CA Sri Lanka’s 43rd national conference to influence chartered accountants to push for transformation
Amidst an unprecedented economic crisis engulfing the country, which has impacted businesses and citizens alike, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) in its standing as the National Body of Accountants will take the lead to influence Chartered Accountants to push for transformation to help the country successfully navigate through its […]
IPS Proposals for the Interim Budget
Ahead of the presentation of the Interim Budget, the Institute of Policy Studies of Sri Lanka (IPS) has recommended policy proposals for inclusion in the forthcoming Budget. Some key policy issues and recommendations follow. Trade Policy Despite strict import controls, Sri Lanka’s trade deficit in merchandise goods widened in 2021. The slight increase was mainly […]
Port City Colombo to represent Sri Lanka at World Cities Summit 2022
CHEC Port City Colombo is representing Sri Lanka at the World Cities Summit 2022 to be held at the Marina Bay Sands, Singapore from the 31st of July to the 3rd of August 2022. This biennial global event unites city leaders and associates from across 90 countries under this year’s theme, “Liveable and Sustainable Cities: […]
President emphasizes forming an all-party government to build Sri Lanka
President Ranil Wickramesinghe stated that his objective is to form an all-party government by bringing together all political parties and to commence a new journey in order to overcome the social, economic and political challenges facing the country. President speaking at the ceremony held at the Malwathu Maha Viharaiya Uposathagarya, said: After assuming the Office […]
Political Risks Still Challenge Sri Lanka’s Emergence from Default: Fitch Ratings
The successful formation of a government under the new president, Ranil Wickremesinghe, is an important precondition for resolving Sri Lanka’s debt default, but many challenges remain as the country seeks financing support from the IMF and debt restructuring from private and official bilateral creditors, says Fitch Ratings. Full Statement The new president was confirmed by […]
JKH records EBITDA of Rs.13.33 billion in Q1; Resilient performance despite macro challenges
Summarised below are the key operational and financial highlights of our performance during the quarter under review: • Group EBITDA recorded a significant improvement to Rs.13.33 billion during the quarter under review, which is an increase of 180 per cent against the comparative period of last year [2021/22 Q1: Rs.4.76 billion]. The first quarter of […]