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U.S. donates nearly 200,000 additional Pfizer-BioNTech vaccines to Sri Lanka
Nearly 200,000 additional Pfizer-BioNTech vaccine doses arrived in Sri Lanka today as a donation from the American people. This gift demonstrates the ongoing commitment of the United States to support Sri Lanka in the fight against COVID-19. As the pandemic continues and new variants emerge, the United States continues to partner with the Sri Lankan Ministry […]
Japanese Marubeni Corporation Explores Possibilities of Investing USD 375mn in Wind Power Project
Marubeni Corporation’s Executive Management Team for Asia visited Sri Lanka to negotiate an investment opportunity for the 200MW Mannar Wind Power Project. During this visit, the team met with President Gotabaya Rajapaksa and the Minister of Finance. The Marubeni Corporation with revenues of US$ 67 billion and a history spanning 160 years specializes in Renewable […]
Rs.10 per dollar incentive for inward workers’ remittances converted into rupees: CBSL
The Monetary Board of the Central Bank has decided to pay an incentive of Rs. 8.00 per US dollar for workers’ remittances, in addition to the existing incentive of Rs.2.00 under the “Incentive Scheme on Inward Workers’ Remittances”, when such funds are remitted through banks and other internationally accepted formal channels and converted into Sri […]
MY Kalizma – First Superyacht to berth at Port City Colombo Marina
The Port City Colombo Marina welcomed the MY Kalizma – The Classic Superyacht, once owned by Hollywood screen idols Elizabeth Taylor and Richard Burton. The first Superyacht to sail into the Port City Colombo Marina, established Colombo as a calling port in the Indian Ocean with facilities for berthing luxury Superyachts. Pierre Pringiers, Chairman of […]
INSEE Cement signs MOU with Hambantota Port to improve supply chain efficiency
The Hambantota International Port Group (HIPG) today signed an agreement with INSEE Cement, the leading cement manufacturing company in Sri Lanka, to ensure the efficient transfer of raw materials to their factory in Galle, via the Hambantota Port. This will have a positive impact on the operational efficiency. The agreement was signed between Gustavo Navarro, […]
VIDEO INTERVIEW: Decision Makers in Sri Lanka – Dr. Sanjiva Weerawarana, Founder & CEO, WSO2
“The real value in the IT industry is not providing services to other countries but creating products that other countries buy and there are many barriers as to why we are not doing enough of that,” says Dr. Sanjiva Weerawarana, Founder & CEO of WSO2. This video interview series will feature leaders who share their […]
First Capital Treasuries Apprises Stakeholders of Upcoming IPO
One of Sri Lanka’s leading non-bank primary dealers, First Capital Treasuries PLC, a subsidiary of the Janashakthi Group’s First Capital Holdings PLC hosted prospective investors, industry partners, media representatives and members of the public at an investor forum on its upcoming Initial Public Offering (IPO). First Capital Treasuries released the official prospectus for the IPO […]
Mark Surgenor appointed Chief Executive Officer for HSBC Sri Lanka
Mark Surgenor has been appointed as Chief Executive Officer of HSBC Sri Lanka and the Maldives from 1 December 2021. He succeeds Mark Prothero, who retired from HSBC at the end of August. Prior to this new appointment, Mark Surgenor was HSBC’s Group Head of Wealth Management, Wealth & Personal Banking. In that role, Mark […]
VIDEO INTERVIEW: Decision Makers in Sri Lanka – Dr. Sanjiva Weerawarana, Founder & CEO, WSO2
“The real value in the IT industry is not providing services to other countries but creating products that other countries buy and there are many barriers as to why we are not doing enough of that,” says Dr. Sanjiva Weerawarana, Founder & CEO of WSO2. This video interview series will feature leaders who share their […]
CCPI inflation increases to 9.9-pct; annual average rises to 5.3-pct in November
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index, increased to 9.9 percent in November 2021 from 7.6 percent in October 2021. Meanwhile, the CCPI measured on an annual average basis, increased to 5.3 percent in November 2021 from 4.8 percent in October 2021. Inflation was driven by monthly […]