Author: Ashanthi Ratnasingham
‘s unite to transform Sri Lanka into nation with minimal corruption and bribery
Sri Lanka’s President Anura Kumara Dissanayake says that no matter how many laws are enacted or institutions are established, justice cannot be ensured to the citizens if those responsible for enforcing them fail to implement them properly. He further highlighted that the power entrusted by the people must be utilized to serve them; otherwise, that […]
JKH records continued growth momentum in Q2
Sri Lanka’s John Keells Holdings PLC (JKH) reported continued growth momentum across almost all businesses in the second quarter, a statement showed. The Group revenue in 2Q was up by 20 percent to Rs.76.96 billion with increases across almost all businesses. JKH said the 687-key ‘Cinnamon Life’ hotel, restaurants and banquet facilities commenced operations on […]
WISTA hosts Karen Leong for keynote on transformative leadership
In a rapidly evolving world marked by technological advancements, geopolitical uncertainties, shifting customer expectations, and significant workplace transformations, the need for transformative leadership has never been more critical. The Women’s International Shipping & Trading Association (WISTA) Sri Lanka, celebrating its 10th anniversary, is set to address these pressing challenges with a significant event titled ‘Charting […]
Port City Colombo to reinvent SL economy to contemporary system that is geared for export of services
Port City Colombo says it hopes to empower large-scale business growth within the South Asian region through a reliable and competitive regulatory environment that enhances the ease of doing business. Issuing a statement the Port Coty Colombo says that this progressive economically ring-fenced landscape is projected to reinvent the Sri Lankan economy, from one that […]
IFC to invest Rs.3,270Mn in Sunshine Healthcare Lanka Ltd
Sunshine Healthcare Lanka (SHL), the healthcare arm of the diversified conglomerate Sunshine Holdings PLC, has entered into an agreement for a proposed equity investment of up to 3,270 million rupees by the International Finance Corporation (IFC). Subject to satisfaction of conditions, IFC will own approximately 14.7% stake in SHL. IFC investment fortifies Sunshine’s commitment to […]
‘s remarks on wage hike may be misunderstood
The Planters Association of Sri Lanka and its members are concerned that the President’s remarks may be misunderstood and lead workers and the public to assume that a final decision has been taken in this matter when it has not, the Assosiaction said in a statement. The Association’s statement was issued following widespread media coverage […]
‘s growth forecast to 2.2-pct in 2024
In Sri Lanka, growth is expected to turn positive, to 2.2 percent in 2024, a 0.5 percentage point upgrade from the previous forecast, with modest recoveries in reserves, remittances, and tourism. According to the World Bank’s the Sri Lanka Development Update, Bridge to Recovery, released today, inflation is expected to remain within the central bank’s target range and […]
Despite strong growth, South Asia remains vulnerable to shocks: World Bank update
Growth in South Asia is expected to be strong at 6.0 percent in 2024, driven mainly by robust growth in India and recoveries in Pakistan and Sri Lanka. But persistent structural challenges threaten to undermine sustained growth, hindering the region’s ability to create jobs and respond to climate shocks, says the World Bank in its […]
Sri Lanka Central Bank to implement single policy rate mechanism
Sri Lanka’s Central Bank of Sri Lanka (CBSL) said it seeks to consolidate monetary policy operations under a single benchmark rate. Governor of the CBSL Nandalal Weerasinghe made this remark while announcing the 2024 annual policy statement in Colombo, Wednesday. online pharmacy buy levofloxacin with best prices today in the USA The decision was made […]
”’ National Rating on watch positive
Fitch Ratings has maintained Sri Lanka Telecom PLC’s (SLT) ‘A(lka)’ National Long-Term Rating on Rating Watch Positive (RWP). The RWP reflects the potential rating upside from the removal of linkages with SLT’s parent, the Sri Lankan government (Long-Term Local-Currency Issuer Default Rating (IDR): CCC-), as the government is in the process of selling its 50. […]