EU releases Euro 1.5 million to respond to growing humanitarian needs in Sri Lanka
The EU has released €1.5 million in humanitarian aid to respond to the ongoing socio-economic crisis affecting millions of people in Sri Lanka. The new EU …
Financial professionals set to benefit from ACCA, CA Sri Lanka mutual recognition agreement
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and ACCA (the Association of Chartered Certified Accountants) have entered a Mutual …
Revoke sweeping new order to restrict protest, says Human Rights Watch
The Sri Lankan government should reverse a new regulation that unlawfully restricts protests in large areas of the capital, Colombo, Human Rights Watch said …
Earnings from exports increased by 10-pct to USD 1.2Bn in August
Earnings from the merchandise exports increased by 10.24 % y-o-y to US$ 1,213.7 Mn in August 2022 as per the data released by the Sri Lanka Customs. This was …
New GBP 3m UK Humanitarian support for Sri Lanka
Today, the UK announced a £3 million humanitarian package for Sri Lanka, providing vital support to the most in need. British High Commissioner Sarah Hulton …
SL agri forum puts forward proposal to sustainably overcome current and future food crisis
The Sri Lanka Agripreneurs’ Forum (SLAF) is the single professional agri-entrepreneurial organization that represents approximately 30 percent of the …
NCPI based headline inflation at 70.2-pct in August 2022
Headline inflation, as measured by the year-on-year change in the National Consumer Price Index increased to 70.2% in August 2022 from 66.7% in July 2022. This …
National Council proposal passed in Parliament without division
Prime Minister Dinesh Gunawardena’s proposal to establish a ‘National Council’ was passed in Parliament on 20.09.2022 without a division. The …
Sri Lanka can learn from Hyderabad to strategize its economic turnaround: Hilmy Cader
According to MTI Consulting, Sri Lanka is facing a ‘Perfect Storm’, a concurrence of multiple socio-economic challenges that has dealt an unprecedented …
Nirj Deva appointed as Presidential Envoy and Senior Advisor
September 21, 2022 (LBO) – Former member of the British and EU Parliaments, Nirj Deva Aditya, has been appointed by President Ranil Wickremesinghe as a …
Senior Japanese Parliamentarian on a fact-finding mission to help Sri Lanka
Senior Japanese Parliamentarian Matsushita Shinpei of Liberal Democratic party met Prime Minister Dinesh Gunawardena today (20) at the Prime Minister’s …
Dialog Axiata Group to Invest USD 152.4 Million in Sri Lanka
Dialog Axiata Group, the largest Foreign Direct Investor (FDI) operating under the aegis of the Board of Investment of Sri Lanka (BOI), announced the entering …
USAID signs new five-year agreement with Sri Lanka
Building on the USAID Administrator Samantha Powers’s recent visit, US Ambassador to Sri Lanka Julie Chung announced today that the United States, through …
PIMA to hold forum on SL’s turnaround strategies and role of international community
The Alumni Association of the Postgraduate Institute of Management (PIMA), Sri Lanka’s largest and most prestigious MBA alumni network, will hold its first …
Fitch rates ComBank’s Basel III Subordinated Debt ‘A(EXP)(lka)’, on Rating Watch Negative
Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB, AA-(lka)/Rating Watch Negative) proposed Sri Lankan rupee-denominated Basel …
UNDP & WHO Sri Lanka hand over essential medicines to address immediate health sector crisis
Addressing the immediate needs of the ongoing socio-economic crisis, the United Nations Development Programme (UNDP) in Sri Lanka has come forward to procure …
Fitch Ratings Slashes Global GDP Forecasts on Supply Shocks, Faster Rate Rises
The European gas crisis, high inflation and a sharp acceleration in the pace of global monetary policy tightening are taking a heavy toll on economic …
JICA partners with UNDP in Sri Lanka to procure 200 Metric Tonnes of Maize Seeds
To address the immediate needs of the ongoing socio-economic crisis in Sri Lanka, Japan International Cooperation Agency (JICA) in the partnership with the …
“There is opportunity in crisis” – JAAF Secretary General
Apparel industry proves resilient in the face of adversityTotal apparel exports in July 2022 ($ 522.14 million) – 22.4% increase YoY As Sri Lanka …
Businesses spending higher percentage of technology budgets on cybersecurity, Sophos research reveals
Sophos, a global leader in next-generation cybersecurity, today released additional findings from its survey report, The Future of Cybersecurity in Asia …