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EnerG Sustainables to host training on solar integration and AI-driven energy management
EnerG Sustainables, the renewable energy and energy management consultation across the GCC and beyond, is announcing an intensive two-day training program on ‘Innovative Energy Strategies for Commercial & Industrial Businesses: Integrating Solar and AI-Driven Energy Management Solutions.’ This exclusive event will take place at the iconic Galle Face Hotel in Colombo on December 10th-11th, 2024. […]
Delmege Insurance Brokers secures number one position in the business
Delmege Insurance Brokers Ltd, a trailblazer in the insurance brokerage sector, has proudly achieved the coveted position of being the highest ranked company in the Overall Insurance Brokering Business according to the Global and local Insurance Outlook 2023 published by the Insurance Regulatory Commission of Sri Lanka. This remarkable milestone underscores the company’s commitment to […]
”s long-term foreign currency issuer rating on review for upgrade
Moody’s Ratings (Moody’s) has announced a review for a potential upgrade of the Government of Sri Lanka’s Ca long-term foreign currency issuer rating, which was previously assessed as stable. Accordingly, Moody’s has assigned (P)Caal foreign currency senior unsecured ratings to Sri Lanka’s new USD-denominated issuances in its exchange offer. These include the macro-linked bonds (MLBs), […]
Port City Colombo Offers A Variety Of Lifestyle, Leisure, And Entertainment Experiences
Port City Colombo, a visionary multi-service Special Economic Zone and master-planned city, invites the local community to partake in an assortment of engaging excursions that range from luxury shopping to serene strolls by the waterfront. With a series of experiences that provide something for everyone, Port City Colombo further encourages local guests to spend more […]
Ambeon Holdings makes a strategic investment in Seylan Bank for LKR 1.4 Bn
Ambeon Holdings PLC, a diversified conglomerate reputed for its market dominance across sectors such as financial services, real estate, technology, and strategic investments, made a significant strategic move in the financial services sector by acquiring a 7.63% stake in Seylan Bank PLC, further increasing its investments in the banking industry. This investment comes on the […]
SLIIT Northern Uni, ICT and Business Management Degrees in Jaffna
By Jekhan Aruliah I often walk past the SLIIT Northern Uni building in Jaffna at the junction of Arasadi and Palaly Road on my way from my place to Jaffna Town. I watched last year, 2023, with great interest as the foundations were laid, the columns and slabs were poured, the glass was fitted. There […]
GSP+: Can It Drive Inclusive Growth In Sri Lanka?
By Rashmi Anupama, Chaya Dissanayake, and Dr Asanka Wijesinghe In a mid-October 2024 meeting with the European Union (EU) Ambassador, Sri Lanka reaffirmed its commitment to strengthening trade relations with the EU, particularly highlighting the role of the GSP+ programme in boosting Sri Lankan exports. This discussion underscores the significance of the GSP+, which offers […]
Opinion: A Missed Opportunity – Why Harsha De Silva Could Have Been the Ideal Opposition Leader
By Chethana Ranathunga and Yasu-e Karunaratne Edussuriya A coalition that previously held only three seats has achieved a sweeping victory in Sri Lanka’s recent parliamentary elections. The Janata Vimukthi Peramuna (JVP) led National People’s Power (NPP) coalition now controls over two-thirds of the legislature, a historic outcome unprecedented in Sri Lankan parliamentary history. This political […]
IMF Managing Director Kristalina Georgieva Issues Statement to Financial Community on Sri Lanka
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement about Sri Lanka to Members of the Financial Community today: “The Sri Lankan authorities have been implementing an ambitious economic reform program supported by the IMF, which aims to restore debt sustainability and external viability, underpin broad macroeconomic reforms, and strengthen […]
Central Bank of Sri Lanka further eases its monetary policy stance
The Monetary Policy Board of the Central Bank of Sri Lanka has decided to further ease the monetary policy stance and set the newly introduced Overnight Policy Rate (OPR) at 8.00 per cent. With this change, the effective reduction in the policy interest rate would be around 50 basis points from the current level of […]