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Opinion: Fixing the Sri Lankan Economy
By M. Rizwan Muzzammil: Introduction The Sri Lankan economy is significantly weakened and at risk of catastrophic collapse. There is a need for the government to boost entrepreneurship and production. In order to do this the following two important hurdles to businesses must be addressed. The difficulties posed by these hurdles has caused an adverse […]
ComBank offers certificate course for women entrepreneurs with PIM
The Commercial Bank of Ceylon has launched a ground-breaking certificate course in SME skills development exclusively for women entrepreneurs, in collaboration with the Postgraduate Institute of Management (PIM) affiliated with the University of Sri Jayewardenepura. The course will consist of three seven-hours-a-day sessions spread over three months followed by a practical presentation session, the Bank […]
SL – Singapore Biz Council to look at cooperation in agri, food processing, FMCG imports and exports in 2022/23
The 25th Annual General Meeting of the Sri Lanka – Singapore Business Council (SLSBC) of The Ceylon Chamber of Commerce was held on 27th July, 2022 via Zoom. The SLSBC was inaugurated in 1997 under the aegis of the Ceylon Chamber of Commerce with the objective of promoting trade, investments, tourism and services between Sri […]
Port City Colombo SEZ introduced at the Commonwealth Business Forum 2022 Kigali, Rwanda
CHEC Port City Colombo in collaboration with the Colombo Port City Economic Commission successfully introduced the Special Economic Zone to 50 plus potential investors and members at a specially curated Breakfast meeting held at the Business Forum Event. The event was a global platform for Sri Lanka’s first service-oriented Special Economic Zone (SEZ) to be […]
UNFPA appeals for USD 9mn to meet urgent needs of women affected by economic crisis in Sri Lanka
UNFPA, the United Nations sexual and reproductive health agency, has launched an appeal for US$9 million to deliver lifesaving healthcare to more than 2 million women and girls in Sri Lanka in the next six months. Sri Lanka is experiencing its worst socio-economic crisis since independence. The country’s once robust healthcare system is teetering on the edge […]
Demand Destruction – US fuel demand reduced by higher prices
August 7, 2022 (LBO) – Fox business news has reported that fuel demand in the United States is declining in response to higher prices. “New data from the Energy Information Administration (EIA) shows that gas demand dropped from 9.25 million barrels per day to 8.54 million per day last week. That’s 1.24 million barrels per day lower than […]
Bangladesh spikes fuel prices 50%
August 7, 2022 (LBO) – Bangladesh has sharply raised fuel prices in response to pressures caused by the increase in global oil prices. The price of petrol was raised by over 51%, while prices of diesel and kerosene were raised 42.5%. Prices of petrol in Bangladesh are now at the price equivalent of LKR495/liter, while […]
We can no longer rely on old economic model: President
President Ranil Wickremesinghe stated that there can be no reliance on old economic models any longer and there should be innovative thinking, while paying prompt attention to the global changes. The President made these remarks delivering the keynote address at the launch of the research reports on Sri Lanka’s economic reforms and the panel discussion […]
‘s stock exchange: Few people control it & few people rig it, says President
President Ranil Wickremesinghe says that he has questions about putting shares of the state-owned enterprises onto the current Stock Exchange. “What is the platform for restructuring? Many of you say, send it to the Stock Exchange.I have my questions about it. The Stock Exchange is today identified not with the London Stock Exchange,” Wickremesinghe pointed […]
Pan Asia Bank upgrades customer security with Epic Lanka’s access control server solution
Further consolidating its advanced Information Technology (IT) Infrastructure and Applications required for optimal functioning, Pan Asia Bank announced the installation of a holistic security platform to combat frauds during Credit and Debit card transactions. The 3D Access Control Sever (ACS) solution was developed for the Bank by Epic Lanka, Sri Lanka’s pioneer Fintech and payment […]
Pan Asia Bank partners Union Assurance to extend protection and healthcare to its valued customers
Pan Asia Bank recently signed an agreement with Union Assurance PLC to offer its valued customer base a wide range of Life, Health, and Investment insurance solutions. As part of this strategic tie-up, Union Assurance will work closely with Pan Asia Bank branches to provide comprehensive solutions to protect the lifestyles, dreams, and ambitions of Pan Asia customers. Pan Asia Bank’s Managing […]