Category: Featured
‘s 16-point prescription for reform
In a scathing indictment of Sri Lanka’s governance landscape, the International Monetary Fund (IMF) has handed down a damning verdict. MP Harsha de Silva, speaking at Wednesday’s parliament session, highlighted the gravity of the situation as he discussed the contents of the IMF’s Governance Diagnostic Assessment report. Verdict is clear: corruption has permeated every level […]
SLT-DIGITAL services and Surge Global forge strategic partnership
SLT-DIGITAL Services, the marketing services and digital engagement solutions arm of SLT-MOBITEL group, has entered into a strategic partnership with Surge Global, a technology and marketing consulting company founded in Sri Lanka, to empower local enterprises, to drive growth marketing and develop enterprise software solutions. The SLT-DIGITAL and Surge Global collaboration aims to help businesses […]
World Bank expects solid growth but risky outlook for South Asia
South Asia is expected to grow by 5.8 percent this year—higher than any other developing country region in the world, but slower than its pre-pandemic pace and not fast enough to meet its development goals, says the World Bank in its twice-a-year regional outlook. Released today, the latest South Asia Development Update, Toward Faster, Cleaner Growthforecastsgrowth to […]
Integrated water resources development: Way forward for Sri Lanka to tackle climate crisis
The last time El Niño affected Sri Lanka, between 2016 and 2017, more than 2 million people were affected—first by flooding and landslides, and then by a severe drought. 19 out of 25 districts were hit hard, decimating two harvest seasons, and creating water scarcity for agriculture, drinking and household use. El Niño currently in […]
SL economy to grow by 1.7-pct:Revenue mobilization fundamental for sustainable fiscal path
Sri Lanka’s economy is expected to grow by 1.7% in 2024 after contracting by 3.8% in 2023, says the World Bank in its twice-a-year update, while signaling that the outlook is clouded with uncertainty and that growth prospects depend on progress with debt restructuring and the implementation of critical structural reforms. Released today, the Sri Lanka […]
‘CTO – the Psychologist’: A role banking tech leaders must master to ensure digital change
By Janaka Ediriweera Dr. Corrie Block, an Organizational Behavior Expert and a business coach in the UAE, asks, ‘If you were to go in for heart surgery, buy a new car, or say your wedding vows to someone knowing that there was an 84% chance of failure…would you even bother?’ He uses this metaphor to […]
””; Outlook stable
S&P Global Ratings today raised its long- and short-term local currency sovereign credit ratings on Sri Lanka to ‘CCC+/C’ from ‘SD/SD’ (selective default). At the same time, we affirmed our ‘SD/SD’ long- and short-term foreign currency ratings. The outlook on the ‘CCC+’ long-term local currency rating is stable. We also raised the issue rating on […]
Sinopec pledges to fuel Sri Lanka as it commences operations
Sinopec announced its official entry into Sri Lanka’s dynamic fuel retail market at the felicitation event for local distributors held on the 25 th of September in Colombo. This momentous occasion also marked the commencement of fuel supply to Sri Lanka’s filling stations.With the entry, Sinopec is committed to giving full play to its advantages, […]
CB Governor of Viet Nam compliments improvement of Sri Lankan economy
The Governor of the Central Bank of Viet Nam, known as State Bank of Viet Nam (SBV), Nguyen Thi Hong, expressed optimism and encouraging sentiments about the improvement of the economy of Sri Lanka during the last 12 months, when the Ambassador of Sri Lanka to Viet Nam Prof. A. Saj U. Mendis met her […]
‘s online safety bill: Regressive overreach stifling investment and freedom of speech
● Tech Investment Threatened: Risk of deterring tech investments in Sri Lanka. Draconian Legislation: An archaic and draconian bill that overreaches. ● Truth Determination: Commission to decide truth and falsehood – a questionable move. ● Global Tech Giants: Major tech companies unlikely to accept such laws. ● Lacking Foresight: Ignoring future tech advancements like AI. ● Investment vs. Freedom: The contradiction between investment and freedom of […]
SL Retail Forum 2023 – Sparking success: Reigniting the flame of retail growth
The Sri Lanka Retailers’ Association (SLRA) is set to host the retail industry’s premier knowledge event, the Sri Lanka Retail Forum 2023, commencing at 9.00 am on 19th October 2023, at the Shangri-La Hotel Colombo. Conducted this year under the theme “Sparking Success: Reigniting the Flame of Retail Growth”, the Forum will explore emerging trends […]
IIRM Lanka Insurance Brokers Pvt Ltd achieves remarkable market share growth locally
IIRM Lanka Insurance Brokers Private Limited proudly announces its outstanding achievement in the Sri Lankan insurance market, securing an impressive market share in both the long-term and general insurance segments. IIRM Lanka Insurance Brokers Private Limited commands a market share of 21.13% in the Long-term Insurance sector and 6.34% in the General Insurance Business, amounting […]