Category: Economy and Markets
Japan Officially Notifies Sri Lanka of Its Decision to Resume Disbursement to Yen Loan Projects
Following the completion of the signing of Memorandum of Understanding (MOU) between the Official Creditor Committee (OCC) and Sri Lanka on 23 July and the expression of the willingness by the Government of Sri Lanka to swiftly conclude a bilateral agreement on debt restructuring, the Government of Japan has officially decided to resume disbursement to […]
SEC Signs MOU with Maldives Capital Market Regulator, Paving the Way for Maldivian Companies to List on CSE
This will pave the way for Maldivian Companies list on CSE’s Multi-Currency Board Facilitates regulatory information exchange, capacity building assistance and mutual collaboration The Securities and Exchange Commission of Sri Lanka (SEC) and the Capital Market Development Authority of Maldives (CMDA) signed a landmark Memorandum of Understanding (MOU) on 21st July 2024 in Malé. The […]
Export Performance in Sri Lanka Sees 2.58-pct Growth in June 2024
As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in June 2024 amounted to US$ 1,031.2 million, recorded an increase of 2.58 % compared to the month of June 2023. This was mainly due to the increase in earnings from export of Apparel & Textiles, Tea, Rubber based products, […]
Cable Solutions Limited Oversubscribed on the Opening Day
The Initial Public Offering (IPO) of Cable Solutions Limited, through an offer for subscription of 14,666,600 ordinary voting shares at a price of Rs. 7.50 per share and an offer for sale of 66,120,000 ordinary voting shares at the same price, opened yesterday (23rd July 2024) and was oversubscribed on the initial day itself. The […]
Central Bank of Sri Lanka further reduces policy interest rates
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 23 July 2024, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 25 basis points (bps) to 8.25 per cent and 9.25 per cent, respectively. The Board […]
‘s New Tech Talent Incubator
By Jekhan Aruliah I know people for whom Rs10k is a lot, and others where Rs1million is not a lot. But for rich and poor one thing is the same. We all have 60 seconds in a minute, 60 minutes in an hour, and God willing 60 years to contribute our efforts. Contribute to our […]
Research Intelligence Unit unveils “‘s Real Estate Opportunity of the Century” at Port City
The Research Intelligence Unit (RIUNIT), an international research and consulting firm with its Asia Headquarters in Colombo, proudly announces the successful launch of its latest initiative, “Asia’s Real Estate Opportunity of the Century,” on July 16th at the prestigious Port City Sales Gallery, Port City. This landmark event opens the doors for local developers and […]
WISTA Sri Lanka hosts global transformation leader Karen Leong as part of 10th anniversary celebrations
WISTA Sri Lanka is pleased to present ‘Charting the Course of Success in a Disruptive World,’ a dynamic event curated for leaders across all sectors, featuring the esteemed global transformation thought leader Karen Leong. The event organized celebrating the 10th Anniversary of WISTA Sri Lanka, is scheduled for August 13th, 2024, at the Oak Room, […]
Sri Lanka on path to establish Environment Management Effectiveness Tracking System
The Presidential Secretariat Support Unit, in collaboration with the Climate Change Office of the Presidential Secretariat and the Ministry of Environment, successfully held the inaugural consultation for the Sri Lankan Environment Management Effectiveness Tracking System (SL EMETS) at the Hilton, Colombo on June 24, 2024. The event brought together key stakeholders, scientists, and policymakers to […]
Unlocking Economic Potential: Why Debt Restructuring Alone Won’t Suffice Without SOE Reforms
The Advocata Institute held a press briefing titled “Unlocking Economic Potential: Why Debt Restructuring Alone Won’t Suffice Without SOE Reforms” was held on the 17th of July,2024 at Lavender Hall, BMICH. The event brought together key speakers Shihar Aneez (Senior Financial Journalist), Rehana Thowfeek (Research Consultant to Advocata Institute), and Dhananath Fernando (CEO of Advocata […]
Opportunities for Companies to raise debt capital through sustainable bonds for greener future
The Securities and Exchange Commission of Sri Lanka (SEC) and The Colombo Stock Exchange (CSE), in collaboration with the Asian Development Bank (ADB) hosted an issuer forum titled “Towards a Greener Horizon: Unlocking Opportunities through Sustainability Bonds” recently in Colombo. The forum was aimed at enhancing awareness and building capacity among stakeholders including representatives from […]
PRASL Masterclass highlights future of reputation management
The Public Relations Association of Sri Lanka (PRASL) hosted a sold-out full-day workshop, “The Pursuit of Reputation Masterclass,” featuring esteemed industry experts Amith Prabhu and Sujit Patil. This event provided profound insights into the complexities of reputation management in the modern Public Relations (PR) landscape. Amith Prabhu, a pioneering public relations professional with two decades […]