All Blogs
Eran queries purpose of maintaining COPE if it cannot take actions
SJB MP Eran Wickremaratne speaking on the debate on COPE report in Parliament expressing his dismay said it was unfortunate that the COPE committee appointed by Parliament to investigate embezzlement of hundreds of thousands of rupees in Sri Lankan state institutions had not even the power to prosecute thieves and fraudsters. He said the country […]
CAL Launches IPO Portal to Empower Investors
Capital Alliance (CAL) is empowering private investors with the chance to capitalize on investment opportunities by subscribing to Initial Public Offerings (IPOs) managed by CAL directly through its newly-launched IPO Portal. CAL’s reputation as Sri Lanka’s leading investment bank has been based on its pursuit of excellence in execution, research and product innovation, and developing […]
CICT declared Asia’s Best Container Terminal under 4 million TEUs category
Colombo International Container Terminals (CICT) has continued its winning streak on the global stage by winning the award for the ‘Best Container Terminal in Asia’ in the Under 4 million TEUs category for a record fifth consecutive year. The winner of this prestigious award was announced on Thursday 21st October at the 2021 Asian Freight, […]
US Ambassador pays farewell call on Foreign Minister
Ambassador of the United States of America to Sri Lanka Alaina B. Teplitz paid a farewell call on Foreign Minister Professor G.L. Peiris at the Foreign Ministry. Minister Peiris discussed with Ambassador Teplitz the future of the bilateral relationship between Sri Lanka and the United States, with particular reference to trade, investment and cooperation in […]
Meeting between CBSL Governor and Governor of Qatar Central Bank
The Governor of the CBSL, Ajith Nivard Cabraal had discussions with the Governor of QCB, Sheikh Abdulla Bin Saoud Al-Thani, regarding CBSL and QCB collaboration to strengthen SL-Qatar economic ties and measures to mitigate the impact of COVID-19 pandemic on the economies.
First Capital Treasuries PLC announces upcoming Initial Public Offering
First Capital Treasuries PLC, Sri Lanka’s leading non-bank primary dealer recently announced the firm’s intention to enter an Initial Public Offering (IPO). The IPO is scheduled for November 2021 subject to regulatory approval. The First Capital Treasuries’ IPO aims to offer 7,695,000 ordinary voting shares to the public. The IPO price per share of Rs. […]
PickMe named amongst the World’s Most Agile
This year’s World Agility Forum nominated PickMe for the Best Agile Transformation Initiative award, placing this innovative ride hailing company amongst the world’s most agile global giants such as FedEx and Holubuva. Although PickMe did not bag the award this year, it was the only Sri Lankan organisation picked by the Forum to compete against […]
Fitch Ratings: Is Sri Lanka Headed for Default?
Sri Lanka’s external liquidity position remains stressed, with USD26 billion in sovereign foreign-currency obligations coming due between now and 2026, against foreign-exchange reserves of only USD3.5 billion as of end-August (up from USD2.8 billion in July reflecting the receipt of USD780 million from the IMF Special Drawing Rights (SDR) allocation). “Sri Lanka’s public and external […]
Monetary Policy Consultative Committee reconstituted
The Monetary Policy Consultative Committee (MPCC) of the Central Bank has been reconstituted with effect from 5 October 2021. The reconstituted MPCC comprises 12 eminent personalities from the private sector and academia and is chaired by Sunil Lankathilake, Former Deputy Governor of the Central Bank of Sri Lanka and a Member of the Securities and […]
Pandemics & Disruptions: Safeguarding Lives and Livelihood of Sri Lankans
By Suresh Ranasinghe The impact of COVID-19 on Sri Lanka’s labour market, education, migration, and health sectors were discussed at the second webinar panel discussion held on October 13, to mark the release of the ‘Sri Lanka: State of the Economy 2021’ report, the flagship report of the Institute of Policy Studies of Sri Lanka […]