Author: lbostgadmin
The Colombo Port City Economic Commission approves 42 companies as AP’s
Port City Colombo, a multi-service Special Economic Zone (SEZ) and a regional financial centre and business hub, has made significant progress in capturing key investments, as the project gears up for a tenacious drive to attract prospective land development and business set-up investors from the South Asian, APAC, and Middle Eastern regions before the end […]
Sri Lanka Agripreneurs Forum partners with USAID to conduct Agcelerator Bootcamp
In an effort to support young entrepreneurs in agriculture, the Sri Lanka Agripreneurs’ Forum (SLAF), a prominent agricultural business association in Sri Lanka, is collaborating with the United States Agency for International Development (USAID) to organize the Agcelerator Bootcamp. The Agcelerator Bootcamp, hosted by SLAF and supported by USAID Catalyze Sri Lanka Private Sector Development […]
United States and Sri Lankan Navies to Conduct Upcoming CARAT Sri Lanka 2024 Exercise in Trincomalee
From April 22-26 in Trincomalee, the United States Navy, U.S. Marine Corps, and Sri Lanka Navy will partner for the Cooperation Afloat Readiness and Training (CARAT) Sri Lanka 2024 exercise. CARAT Sri Lanka will feature the expertise of the U.S. Fleet Anti-Terrorism Security Team (FAST), a U.S. Marine Corps unit specialized in security and anti-terrorism for naval assets, engaging alongside […]
Sri Lanka to establish a Resident Mission in Wellington, New Zealand
Following the decision by the Cabinet of Ministers to open a Sri Lanka High Commission in Wellington, New Zealand, an official delegation led by Director General, Overseas Assets Management & Development Division of the Ministry Pradeepa Saram, will visit New Zealand from 22-25 April 2024 to attend to matters related to the opening of the High […]
‘ Forum partners with USAID to conduct the Agcelerator Bootcamp
In an effort to support young entrepreneurs in agriculture, the Sri Lanka Agripreneurs’ Forum (SLAF), a prominent agricultural business association in Sri Lanka, is collaborating with the United States Agency for International Development (USAID) to organize the Agcelerator Bootcamp. The Agcelerator Bootcamp, hosted by SLAF and supported by USAID Catalyze Sri Lanka Private Sector Development […]
‘ComBank Digital’ links Dept. of Commerce for online payments with LankaPay
The Commercial Bank of Ceylon has announced the integration of the Department of Commerce (DOC) with ‘ComBank Digital’ enabling online payments for services via LankaPay. As a result, businesses or individuals can now make secure real-time online payments for services such as registration of exporters, issuance of certificates of origin and other facilities offered by […]
TISL Files FR Petition Over Human Immunoglobulin and Other Controversial Medical Supplies
Transparency International Sri Lanka (TISL) filed a Fundamental Rights Application (SCFR/ 99/2024) at the Supreme Court on April 16th, highlighting the serious ramifications on the health sector and the general public from the recent controversial procurement of medical supplies including human immunoglobulin (Human-IG). The Cabinet of Ministers, the incumbent and former higher officials in the […]
WSO2 Expands Presence in India to Strengthen Service & Support for Customers Worldwide
WSO2 Inc., a leading independent software vendor specializing in open-source API management, integration, and identity and access management (IAM) products and internal developer platform technologies, is expanding its presence in India and has opened a new office in Bengaluru. Operating in India as ‘WSO2 India (Private) Ltd.’, the expansion is part of the company’s strategic […]
Debt Restructuring: Govt has failed to strike a deal favorable to Sri Lanka – Harsha de Silva
According to a recent press release, the government of Sri Lanka has failed to secure a deal that benefits its people, says Harsha de Silva, the economics spokesperson for the main opposition SJB and Chairman of the COPF. He voiced his disappointment over the lack of transparency in the government’s debt restructuring process, despite his […]
Sri Lanka announces end of initial talks with members of ad hoc group of bondholders
The Government of Sri Lanka announces today that it has held restricted discussions over the past three weeks with nine members of the steering committee who agreed to take part in the restricted discussions of the Ad Hoc Group of Bondholders of its International Sovereign Bonds (ISBs). The Steering Committee as a whole comprises ten […]
Dilshan Wirasekara on Capital Raising and the Stock Market Outlook for 2024
The Chairman of the Colombo Stock Exchange (CSE) discusses the opportunities for capital raising and Stock Market Outlook for 2024. 1. Give us an overview of the current market landscape and discuss the CSE’s overall outlook for the year 2024. We believe the overall outlook of the CSE, for the year 2024 to be a […]
India lifts export ban on onions for Sri Lanka
The government of India has lifted the export ban on onions for Sri Lanka, with export of up to 10,000 MT of onions permitted vide the enclosed notification of the Directorate General of Foreign Trade. The exemption for Sri Lanka reiterated India’s Neighbourhood First policy, adding to the Sinhala and Tamil New Year festivities here, […]