Category: Economy and Markets
Thilak Piyadigama takes the helm at WEBXPAY
In a strategic move towards advancing digital payment solutions in Sri Lanka, WEBXPAY welcomes Thilak Piyadigama, a veteran with over three decades of experience in banking and technology, as its new Executive Chairman. Piyadigama is set to lead WEBXPAY into a new era of digital payment innovation, with a focus on enhancing financial inclusion and […]
‘s empower board
Maharaja Foods Limited, marked a significant milestone on 26th July 2024, becoming the first woman-owned enterprise in the agribusiness sector with roots in the northern province, to list its shares on the Empower Board of the Colombo Stock Exchange (CSE). The Board is dedicated to facilitating efficient global capital raising for small and medium-sized companies […]
Softlogic Stockbrokers’ Investment Platform “StockGPT” Enhanced with Azure OpenAI Service
Organizations across all industries and of all sizes are leveraging Microsoft AI’s versatile and cutting-edge solutions to achieve remarkable outcomes. Softlogic Stockbrokers, the full-service brokerage arm of Softlogic Capital PLC, have recently harnessed the power of Microsoft Azure OpenAI Service to introduce StockGPT, an innovative AI tool designed to empower the financial services sector. Microsoft […]
‘s Plantation sector
By Dr. Dan Seevaratnam Sri Lanka continues to grapple with severe economic challenges that affect all its citizens, including those in the plantation sector. At a time when nearly one in four Sri Lankans has fallen below the poverty line as a result of the Sri Lankan economy’s historic downturn over the past 4 years, […]
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, […]