Category: Featured
WISTA Sri Lanka marks decade of empowering women
WISTA Sri Lanka celebrated its 10th anniversary with a dynamic keynote discussion on ‘Charting the Course of Success in a Disruptive World’ featuring the renowned global transformation thought leader, Karen Leong at the event held at the Cinnamon Grand Colombo this week. Established in 2014, WISTA Sri Lanka was initiated with the goal of providing […]
”s “real” agenda
In the latest series of the RIUNIT podcast hosted by Roshan Madawela, distinguished economists Prof. Howard Nicholas and Prof. Jayati Ghosh, delve deeply into the rapidly changing economic and geopolitical environment, examining both local and global economic orders. By questioning popular narratives, they provide insightful analysis and perspectives on the complex forces shaping our world […]
Sri Lanka and Singapore to foster academic and policy-oriented partnerships
The High Commissioner of Sri Lanka to Singapore Senarath Dissanayake recently met with representatives from the Lee Kuan Yew School of Public Policy (LKYSPP) at the High Commission to discuss potential collaborations and exchanges between LKYSPP and Sri Lankan Universities and Government Sector Organizations with a view to strengthening the existing ties between Sri Lanka […]
SJB unveils digital policy for Sri Lanka
National Digitization policy of the future SJB government was unveiled by the Leader of Opposition Sajith Premadasa accompanied by Parliamentarians Eran Wickrmaratne and Professor G.L Pieris with the participation of host of academia in the relevant sphere of Information Technology and Artificial Intelligence. The launching of Digital policy for Sri Lanka by the future SJB government was […]
Teejay knits resilient start to 2024-25 with profit turnaround in Q1
Strategic responses to challenges facing the textile manufacturing industry have generated a positive start to 2024-25 for Teejay Lanka PLC, Sri Lanka’s first multinational textile manufacturer. The Group has reported profit before tax of Rs 273.7 million for the three months ending 30 th June 2024, reversing a loss of Rs 701 million in the […]
Opinion: The impact of RPCs on Sri Lanka’s economy and environment
Senaka Alawattegama, Chairman, Planters’ Association of Ceylon Despite challenges like COVID-19 and economic crises, Sri Lanka’s plantation industry remains a key economic pillar. Privatization in 1992 increased operational efficiency and reduced the government’s financial burden. RPCs have diversified crops, invested in environmental conservation, and improved worker welfare. The plantation industry has long […]
ADB approves USD100Mn policy-based loan support for power sector reforms in Sri Lanka
The Asian Development Bank (ADB) and the Government of Sri Lanka signed a loan agreement for US$100 million on Monday (5 August 2024) for subprogram 1 of a policy-based loan (PBL) to support and facilitate reforms aimed at enhancing the financial sustainability of the power sector in Sri Lanka. This loan is part of a broader […]
Sunshine Holdings sustains growth momentum in 1QFY25
Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) continued demonstrating resilience amidst prevailing macroeconomic conditions, reporting a topline growth of 6.5% YoY. The Group recorded a consolidated revenue of Rs.14.2 billion during the first quarter of the current financial year (1QFY25), with Profit after tax (PAT) contracting by 3.6% YoY to Rs.1.4 billion. The revenue increase […]
Central Bank of Sri Lanka publishes its inaugural market operations report
The Central Bank of Sri Lanka (the Central Bank) released its inaugural Market Operations Report (MOR) with the aim of enhancing awareness and knowledge among the stakeholders on monetary operations carried out by the Central Bank in line with the prevailing monetary policy stance. The MOR would be a catalyst to improve transparency and accountability […]
Signing of MoU between ACCA and the CSE to increase financial literacy in Sri Lanka
The Association of Chartered Certified Accountants (ACCA) and the Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) recently to establish a partnership aimed at enhancing financial literacy and professional development in Sri Lanka. This collaboration intends to offer ACCA educational courses via CSE branches, which will entail a Capital Market Module; co-brand the […]
Port City Economic Commission Act to be amended to enhance global competitiveness
The Cabinet of Ministers has approved the proposal presented by the President in his capacity as the Minister of Investment Promotion to instruct the Legal Draftsman to prepare a bill for amendment of Port City Economic Commission Act No 11 of 2021 inclusion of relevant amendments. The necessity has been identified to amend the Port […]
JKH records EBITDA of Rs.7.7Bn in Q1 2024/25, down 13-pct from year ago
Summarised below are the key operational and financial highlights of our performance during the quarter under review: Group EBITDA in the first quarter of 2024/25 recorded a decrease of 13% against the corresponding period of the previous financial year to Rs.7.70 billion. Group EBITDA includes substantial pre-opening costs pertaining to the ramp-up associated with […]