All Blogs
Third Round of SL – Thailand FTA negotiations scheduled to commence tomorrow
The third round of negotiations between Sri Lanka and Thailand on the proposed Free Trade Agreement (FTA) will be held on January 9 and 10th, 2023, in Colombo, with the participation of 26 official delegates from Thailand headed by Auramon Supthaweethum, Director General of the Department of Trade Negotiations, advancing the government’s agenda of expanding […]
Central Bank introduces measures to reduce overdependence on Standing Facilities
The liquidity deficit in the domestic money market, which remained significantly high during the first half of 2022, declined in the latter part of 2022. However, in spite of the improvements in money market liquidity conditions, market interest rates continued to remain high, partly due to subdued activity in the domestic money markets. At the […]
Fitch 2023 Outlook: Most Sovereign Sector Outlooks Deteriorating, Global Rating Prospects More Balanced
Fitch Ratings’ ‘deteriorating’ 2023 sector outlook for global sovereigns reflects weaker global economic growth, rising funding costs and pressures from high inflation. The overall balance of sovereign rating outlooks is near to its long-term average, but further monetary policy tightening and elevated geopolitical tensions represent key challenges this year. Five of eight sovereign regions have […]
‘s economy expected to register 8-pct contraction in 2022; gradual recovery from 2H2023: CBSL
Sri Lanka’s economy is projected to register a real contraction of around 8.0 percent in 2022 and a gradual recovery from the second half of 2023, the Central Bank said. Releasing the outlook for the economy for 2023, the Monetary Board of the Central Bank said that the headline inflation is expected to move along […]
ComBank introduces ‘Visa Direct’ & ‘Mastercard Send’ card-to-card fund transfers – a first in SL
The Commercial Bank of Ceylon has announced the enabling of ‘Visa Direct’ and ‘Mastercard Send’ card-based fund transfer facilities for the first time in Sri Lanka. With this latest digital initiative of Commercial Bank, Visa and Mastercard Debit and Prepaid cardholders can transfer funds to any locally-issued Visa and Mastercard Debit, Credit or Prepaid card […]
Ten resolutions for your professional success
In an earlier article, I shared certain learnings that I have gained over the years for an organisation to be successful when implementing information technology initiatives. There were six key learnings which I articulated in my article – customer (ie citizen) centric mindset when conceptualising initiatives, getting the internal processes right first over blind automation […]
CA Sri Lanka’s Heshana Kuruppu appointed Vice President of South Asian Federation of Accountants
The South Asian Federation of Accountants (SAFA), which represents over 400,000 accounting professionals, has appointed Vice President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) Mr. Heshana Kuruppu as its Vice President with effect from 01st January 2023. Mr. Nihar N. Jambusaria, Past President of the Institute of Chartered Accountants of […]
David Cameron visits Port City Colombo
Former Prime Minister of the United Kingdom, David Cameron, visited Port City Colombo development project during a private trip to the island. Cameron engaged in a discussion with Reyaz Mihular – Commission Member and Vindhya Weerasekera – Director Legal and Corporate Affairs of the Colombo Port City Economic Commission; Yang Lu – Managing Director of […]
‘s 120 km fiber line in France sets new world record
Paris, France, Huawei and Orange have successfully achieved a new world record 1 of 157 Tbit/s transmission prototype testing over a 120 km fiber on the Orange network in South West France. This technical achievement unequivocally demonstrates that Orange’s current infrastructure is fully prepared for transmission technologies that can take on increasing traffic over the […]
Former British Prime Minister meets the President
Former British Prime Minister David Cameron, who is on a personal visit to Sri Lanka, met President Ranil Wickremesinghe at the Presidential Secretariat this morning (02). During a friendly discussion, Cameron extended his best wishes to President Wickremesinghe for the New Year. President’s Senior Adviser on National Security and President’s Chief of Staff, Sagala Ratnayake, […]