Author: lbostgadmin
Janashakthi Group appoints Minette Perera & Vishnu Balachandran to Board of Directors
Janashakthi Group (JXG) has appointed Minette Perera and Vishnu Balachandran as Independent, Non-Executive Directors to the Company’s Board of Directors. Minette Perera has a distinguished career as the former Group Finance Director of the MJF Group, where she played a pivotal role in managing finance functions across a vertically integrated tea operation. During her employment […]
EQT to acquire WSO2; acquisition to enable accelerated investment in technology
WSO2, the leader in digital transformation technology, announced today that it has signed a definitive agreement to be acquired by EQT. “We are thrilled to partner with EQT as we embark on the next phase of WSO2’s journey,” said Dr. Sanjiva Weerawarana, CEO and Founder of WSO2. “With EQT’s support and expertise, we are well-positioned […]
TISL Invites Public Comments on the Proposed Law on Recovery of Stolen Assets
Grand corruption has long plagued Sri Lanka, undermining the country’s economic development and eroding public trust in the government. Citizens have been increasingly vocal in their demand for justice, transparency, and the return of illicitly acquired wealth to benefit the nation. The Proceeds of Crime Act (POCA) intends to provide a legal framework for tracing, […]
Finance for Non-Finance Managers: Best-Seller on Amazon to be Ultimate Guide to Mastering Money Matters
Financial literacy is key to managing money effectively, but managers without a background in finance may find concepts such as budgeting, building and improving credit, saving, borrowing and repaying debt, and investing challenging. A recently released Amazon best-seller demystifies finance for non-finance managers and explains the intricacies of accounting fundamentals in simple terms. Written by […]
”’ Rating
Fitch Ratings has assigned Asia Asset Finance PLC’s (A+(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured debentures of up to LKR2 billion an expected National Long-Term Rating of ‘A+(EXP)(lka)’.
Sri Lanka exports earnings up almost 10-pct in Mar 2024
The deficit in the merchandise trade account narrowed to US dollars 369 million in March 2024 from US dollars 412 million recorded in March 2023, primarily due to a higher increase in exports than the increase in imports. However, it widened compared to February 2024 (US dollars 319 million).Meanwhile, the cumulative deficit in the trade […]
Sri Lanka inflation up 1.5-pct in April 2024
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 showed some uptick to record 1.5% in April 2024 compared to 0.9% in March 2024. Food inflation (Y-o-Y) decelerated to 2.9% in April 2024 from 3.8% in March 2024. Nevertheless, Non-Food Category recorded an inflation (Y-o-Y) of 0.9% […]
Pan Asia Bank and Janashakthi Life partner, forging era of financial empowerment
As a testament to its continuous devotion to its customers’ satisfaction, Pan Asia Bank, the Truly Sri Lankan Bank, has established a strategic partnership with Janashakthi Life. Through this agreement, a comprehensive insurance package will be offered, tailored to the ever-changing demands of the bank’s valued customers. Sharing a few words on the new partnership, […]
EDB and CHEC Port City Colombo sign MoU to boost export businesses
In a significant move towards attracting export-oriented businesses to Port City Colombo, CHEC Port City Colombo (Pvt) Ltd, the primary developer of the project, recently entered into a partnership with the Sri Lanka Export Development Board (SLEDB). A memorandum of understanding (MoU) was signed between the two parties to this effect at a special ceremony […]
UNDP and Colombo Stock Exchange sign MoU to leverage capital markets for sustainable financing
The United Nations Development Programme (UNDP) in Sri Lanka and the Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) to establish a partnership aimed at leveraging Sri Lanka’s capital markets for sustainable financing. This collaboration is intended to support and encourage private sector stewardship and embed sustainability as an important element of business […]
Virtusa concludes first-ever LinkedIn community event in Sri Lanka
Virtusa Corporation, a global provider of digital engineering and IT services, proudly hosted the first-ever LinkedIn (LI) community event in Sri Lanka, dubbed “Connect Colombo.” The landmark event took place at the Courtyard by Marriott, marking a significant milestone in the country’s professional networking landscape. Bringing together over 200 industry leaders and mid to senior-level […]
Japanese Foreign Minister Yoko Kamikawa to visit Sri Lanka
Minister of Foreign Affairs of Japan Yoko Kamikawa is scheduled to undertake an official visit to Sri Lanka from 04-05 May 2024. During this visit, the Japanese Foreign Minister is scheduled to pay courtesy calls on President Ranil Wickremesinghe and Prime Minister Dinesh Gunawardena. The Japanese Foreign Minister and her delegation will have official discussions […]