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Government’s attention to resume negotiations on free trade agreements
Government’s intention was to resume the negotiations on free trade agreements said Secretary to the President Saman Ekanayake. It is the vision of the President that Sri Lanka will integrate with the global value chains and with the largest economies in South Asia and East Asia and then expand to the east region linking to […]
‘s Rating
Fitch Ratings has withdrawn Sarvodaya Development Finance PLC’s (SDF) National Long-Term Rating of ‘B+(lka)’. The rating was on Rating Watch Negative, which has not been resolved prior to the withdrawal. Fitch is withdrawing the rating as SDF has chosen to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to […]
Emirates to operate double daily direct flights to Colombo from 1 December
Emirates has announced plans to add one more daily direct flight between Dubai and Colombo from 1 December 2022 to cater to the seasonal increase in the demand for travel. The additional service, EK648/EK649, will increase the number of daily flights between the two cities to three, including two direct flights and one operating via […]
Ceylon Chamber calls for independent Central Bank
The Ceylon Chamber of Commerce is firmly of the view that institutions like the Central Bank of Sri Lanka should be allowed to function independently in performing its mandate as in most other countries, particularly at this stage when the country is grappling with a major economic crisis. We emphasize the need to reintroduce the […]
VIDEO: Amazon, Meta, Netflix: Why Big Tech Is Facing Massive Layoffs
Tech companies saw exceptional growth in both revenue and employee headcounts through the pandemic. But now, they’re cutting thousands of jobs. Why big tech is facing massive layoffs?
CICT pledges USD 25,000 for sight-saving surgeries in Sri Lanka
Another group of Sri Lankans with correctable eye diseases and disorders will soon begin surgery to restore clearer vision, thanks to the latest phase of a community initiative of Colombo International Container Terminals (CICT) in partnership with the Nawaloka Hospital. CICT recently donated US$ 25,000 (Rs 9.25 million at current exchange rates) it has pledged […]
President assures solutions to land issues in NP; 8 committees to resolve provincial land issues
President Ranil Wickremesinghe said that eight (8) committees would be appointed at the provincial level to resolve the land issues. He also pointed out that all the land-related issues in the North and South of the country would be resolved accordingly. President Wickremesinghe made these observations while participating in the District Development Committee meeting held […]
VIDEO: Is capitalism actually broken?
People have become increasingly worried that the threats we face today, like climate change and rising inequality, can’t be solved by a capitalist economic system. So, is that true? And if it is, can we fix capitalism or do we need to tear the system down and build a new one from scratch?Explore the different […]
Encouraging Sri Lanka’s youth to pursue entrepreneurship: Ceylon Chamber and ILO
As Global Entrepreneurship Week 2022 shines the spotlight on the importance of entrepreneurship to economic growth, the International Labour Organization in collaboration with the Ceylon Chamber of Commerce is implementing a series of initiatives to facilitate a change in the entrepreneurial ecosystem and bolster young people’s transition into the entrepreneurial world. Conducted under the aegis […]