Author: Ashanthi Ratnasingham
Engineering equity fireside chat by Virtusa
Virtusa, a global provider of digital strategy, digital engineering and IT services and solutions, will host the global Engineering Equity hackathon, to spur innovation in tech solutions that advance gender equity while nurturing female talent. Over 65,000 female students from 9 countries including Sri Lanka registered for the hybrid event, which offers built-in mentoring along […]
Dialog Axiata awarded winner of ACCA sustainability reporting awards 2022
The ACCA Sustainability Reporting Awards 2022 recognized Dialog Axiata PLC as the Overall Winner and the Winner of the General Services category for its exceptional commitment to sustainability and transparency in reporting.The awards for this year had received an impressive range of entries from various industries, with Dialog being recognised for its comprehensive and well-structured […]
Sri Lanka Retail Forum 2023 highlights strategies for navigating economic crisis in sector
The Sri Lanka Retailers’ Association (SLRA), the apex body of organised retail in Sri Lanka, recently concluded the annual Sri Lanka Retail Forum under the theme ‘Redefining Retail: Future Proofing the Forward Journey’. The Forum was opened by Murali Prakash, President of SLRA, who addressed the importance of navigating the challenges faced by the retail […]
Pace of reform toward equal rights for women falls to 20-year low: World Bank report
The global pace of reforms toward equal treatment of women under the law has slumped to a 20-year low, constituting a potential impediment to economic growth at a critical time for the global economy, a new World Bank report shows. In 2022, the global average score on the World Bank’s Women, Business and the Law index rose […]
Sri Lankan industry leaders explore sustainable energy future
Leaders from across the industry, civil society, finance and academia met in Colombo recently to explore short and long-term energy solutions amidst Sri Lanka’s worst-ever energy crisis. With Sri Lanka’s industrial sector among the largest consumers of costly imported fossil-fuels, more than 100 participants heard from experts and shared their insights into how this economically […]
Union Assurance records total net revenue growth of 33-pct to Rs.6.95Bn in third quarter of 2022
Union Assurance, Sri Lanka’s trailblazing Life Insurer, achieved impressive financial growth in Q3 2022 despite challenging market conditions. Union Assurance (UA) rallied to become the second largest regular new business premium producer in the third quarter. Among the top 5 players in the industry, UA was one of the only two companies to record positive […]
Ceylon Chamber calls for independent Central Bank
The Ceylon Chamber of Commerce is firmly of the view that institutions like the Central Bank of Sri Lanka should be allowed to function independently in performing its mandate as in most other countries, particularly at this stage when the country is grappling with a major economic crisis. We emphasize the need to reintroduce the […]
Microsoft launches startup founders hub in Sri Lanka
Microsoft for Startups Founders Hub was recently launched in Sri Lanka to empower local startup founders to turn their ideas into reality and help boost the economy. The Microsoft for Startups Founders Hub is designed to remove traditional barriers to building a company and help founders innovate and grow, regardless of their background, location, progress, […]
Free-Trade-Agreements essential to enhancing Sri Lankan apparel’s resilience
With fears of a global economic recession looming, the Joint Apparel Association Forum (JAAF) is actively stepping up engagement with top Government and Foreign Ministry officials to expedite negotiations on Free Trade Agreements (FTAs) to help boost exports and strengthen he industry’s resilience. Elaborating on the progress thus far, Deputy Chairman of JAAF and Chief […]
SL Purchasing Managers’ Index: Sept 2022 manufacturing PMI decline
Manufacturing PMI declined in September 2022, indicating a setback in manufacturing activities on a month-on-month basis. Accordingly, Manufacturing PMI recorded an index value of 42.6 in September 2022, with a decline of 7.0 index points from the previous month driven by the decreases in all the sub-indices, except Employment and Suppliers’ Delivery Time. The decline […]
Ceylon Chamber seeks acceleration of reforms and greater accountability for Govt spend
The Ceylon Chamber of Commerce acknowledges the rationale for the recently proposed tax changes and calls on the Government to show greater restraint, accountability and transparency on government spending. While the tax hike will invariably impact businesses and private sector employees adversely in the current context of high inflation and negative economic growth, it is […]