Author: lbostgadmin
President Calls for Urgent Debt Restructuring to Support Middle-Income Nations
President Ranil Wickremesinghe participating in a high-level panel discussion at the Global Leaders’ Summit for a New Global Financing Pact, in Paris yesterday (22), discussed the country’s experience with debt restructuring and the need for a comprehensive approach to address the challenges faced by middle-income nations. He said Sri Lanka faced limited access to financing […]
CFA Society Sri Lanka Capital Market Awards 2023 celebrates excellence in capital markets industry
The 10th annual CFA Society Sri Lanka Capital Market Awards, organised by the CFA Society Sri Lanka, was held on Wednesday, 21 June 2023, at Cinnamon Grand, Colombo, with the objective of recognising and rewarding excellence in the local capital markets. This year’s event focused on the theme ‘Invest Smart, Build Resilience, Thrive in Sri […]
247th anniversary of America’s Declaration of Independence celebrated in Sri Lanka
United StatesAmbassador to Sri Lanka Julie Chung hosted an event in Colombo on June 22 to mark the 247th anniversary of America’s Declaration of Independence. Ambassador Chung took the opportunity to also highlight the anniversary of 75 years of a strong and enduring partnership between the United States and Sri Lanka. Minister of Foreign Affairs Ali […]
Center for Lean Excellence assures total lean transformation with 20-pct increase in profits
Center for Lean Excellence (CLE), one of the leading training and consulting providers for process innovations, is offering the Profit & Culture Unlock Program (PCUP), an organization-wide collaborative approach in unlocking a significant bottom-line dollar saving while developing a sustainable continuous improvement lean culture. The main highlight of the PCUP facilitated by CLE is its […]
HEINEKEN Lanka launches its first screen-printed & returnable glass bottle in Asia Pacific
PGP Glass Ceylon PLC, the sole manufacturer of glass bottles for Food and Beverages in Sri Lanka and HEINEKEN Lanka Limited, a wholly owned subsidiary of HEINEKEN N.V., proudly announced a milestone for Sri Lanka’s innovation and sustainability agenda with the launch of the 625ml reusable bottle incorporating screen printing technology. Launched in the presence […]
Zambia reaches debt treatment agreement with its official creditors including China, India, Saudi Arabia & Paris Club
Following the announcement of an agreement being reached by Zambia and its official creditors under the Group of 20 Common Framework, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement today: “I warmly welcome Minister of Finance Situmbeko Musokotwane’s announcement that the Zambian authorities have reached an agreement with their […]
Implement Reforms That Align With Evolving Industrial Practices: Shipping & Logistics Veteran
Renowned shipping and logistics veteran Rohan Masakorala highlighted the need to implement reforms that align with evolving industrial practices, at a recent discussion forum on the topic of “Does Sri Lanka Have a Future in Shipping and Logistics? Or Have we Lost it?”, organised by the Sri Lanka-Italy Business Council (SLITBC) of The Ceylon Chamber […]
Sapphire Residences on course to complete and launch Colombo’s most exclusive residences
The USD 500 million + ITC development, comprising the Sapphire Residences and super luxury hotel ITC Ratnadipa, occupies pride of place at the centre of Colombo’s most prestigious ocean front location. Overlooking the Galle Face and the Indian Ocean on one side and the Beira Lake on the other, this landmark is already redefining the […]
Sri Lanka Insurance provides three decades of unceasing assistance to Poson pilgrims of Anuradhapura
For more than 30 years, Sri Lanka Insurance (SLIC) has provided emergency assistance to pilgrims traveling to Anuradhapura for Poson poya. A large crowd of people gathers to Anuradhapura during the Poson season and Sri Lanka Insurance provides a unique service that tracks down lost individuals and belongings in and around the sacred city of […]
Proposed anti-Corruption Bill fails in recovery of stolen assets in foreign jurisdiction
Opposition MP Eran Wickramaratne alleged that the government is hiding behind the fact that the country has laws such as the Money Laundering Law of 2006, Financial Transaction Reporting Act of 2006 and Mutual Legal Assistance & Criminal Law of 2002 – without including more comprehensive measures to combat corruption and to recover stolen assets […]
LankaPay unveils new strategic direction to strengthen regional presence
LankaPay, the National Payment Network of Sri Lanka, has embarked on a new strategic vision, aimed at reinforcing its position within the region and enhancing its contribution to the island nation. In pursuit of this ambitious goal, the company has recently launched a comprehensive business and organizational development strategy, accompanied by a significant internal restructuring […]
Dialog enterprise becomes VMware sovereign cloud provider in South Asia
Dialog Enterprise, the corporate ICT solution arm of Dialog Axiata PLC, announced it has become a VMware Sovereign Cloud Provider in South Asia. The announcement was made at a recent event held at Shangri-La Colombo, which was attended by many ICT professionals from major corporations across various industries that fuel Sri Lanka’s economy. A sovereign […]