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World Growth Forecasts Cut Sharply as US Starts Global Trade War: Fitch Ratings
The new US administration has started a global trade war that will reduce US and world growth, push up US inflation and delay Federal Reserve rate cuts, Fitch Ratings believes. We have cut both our US 2025 growth forecast to 1.7% from 2.1% in the December 2024 Global Economic Outlook (GEO) and our 2026 forecast to 1.5% […]
‘s Q4 GDP Growth Hits 5.4-pct, 2024 Projected at 5.0-pct
Issuing a communiqué, on releasing National Accounts Estimates, the DCS states that the GDP growth rate for the year 2024 has been estimated as 5.0 percent of positive growth rate. Accordingly, the Gross Domestic Product for Sri Lanka for the year 2024 at constant price (2015) increased up to Rs. 12,472,469 million from Rs. 11,877,556 […]
Fortude celebrates milestones in leadership development and community impact
Fortude, a global enterprise technology solutions provider, celebrated key milestones achieved under the Guiding Leadership & Outreach (GLO) program, a pioneering leadership development initiative by the Association of HR Professionals (AHRP) and Global Learning Labs. Through a series of transformative learning experiences, Fortude has empowered aspiring leaders while extending its impact beyond corporate boundaries to […]
eChannelling Unveils AI-Powered eHospital and Health Scan at Medicare 2025
eChannelling PLC, Sri Lanka’s pioneering digital healthcare platform, showcased groundbreaking AI-powered health technologies at Medicare 2025, Sri Lanka’s largest healthcare exhibition held from February 28 to March 2, 2025, at BMICH, Colombo. As the Official Digital Healthcare Partner for Medicare 2025, eChannelling unveiled multiple innovations designed to transform healthcare accessibility and monitoring in Sri Lanka, […]
Fintrex Finance Limited Debuts Inaugural Issuance of High-Yield Bond on the CSE
Fintrex Finance Limited (FFL), a dynamic leader in the non-banking financial realm, marked a significant milestone by issuing the first-ever high-yield bond to be listed on the Colombo Stock Exchange (CSE). The bell ringing ceremony, held on Friday, 14th March 2025 at the CSE Trading Floor, symbolized the company’s dedication to carving out innovative financial […]
Sri Lanka faced rising threats of financial phishing attacks in 2024: Kaspersky Security Bulletin
Sri Lanka is increasingly vulnerable to cyberattacks targeting businesses’ financial transactions, with 9,218 incidents of financial phishing detected in 2024 alone, according to the latest Kaspersky Security Bulletin. This figure highlights the growing sophistication of cybercriminals who are targeting businesses with deceptive online tactics designed to steal sensitive financial information. Financial phishing attacks, which involve […]
Register for Free EducationUSA University Fair 2025: Helping Students Begin Their U.S. Education Journey
The U.S. Embassy in Sri Lanka, in partnership with the U.S.-Sri Lanka Fulbright Commission, is pleased to announce that EducationUSA, the U.S. government’s official source of information on U.S. higher education, will host a U.S. university fair in Colombo, Galle, and Matara from March 20-22, 2025. Students seeking admission in undergraduate, post-graduate, and doctorate programs […]
Hapag-Lloyd Senior Delegation Meets with Sri Lanka Ports Authority Leadership
A high-level delegation from Hapag-Lloyd, one of the world’s leading shipping lines, met with the Sri Lanka Port Authority’s Chairman -Admiral Sirimewan Ranasinghe and the Managing Director – Eng. Ganaka Hemachandra on March 4, 2025. SLPA’s Vice Chairman – Eng. Herath M.P. Jayawardhana, Director (Operations) – Mrs. G. Zavia Miskin and Director (Marketing and BD) […]
She shapes the fabric: Women lead the charge in Sri Lanka’s apparel industry transformation
In the heart of Sri Lanka’s bustling apparel sector, where fabrics are woven into garments that travel the world, a quieter revolution is taking place. This revolution isn’t marked by grand speeches or flashy headlines. This transformation isn’t driven by grand speeches or flashy headlines. It unfolds quietly, one story at a time, as a […]
Sri Lankan foreign exchange market unveils a foreign exchange matching platform
The Sri Lankan foreign exchange (FX) market has successfully implemented an FX matching platform, as per the initiative taken by the Central Bank of Sri Lanka (CBSL) to foster a deeper FX market. This platform, which is accessible to all Licensed Commercial Banks, National Savings Bank, and the CBSL, was introduced to enhance price discovery, […]