Category: Industry
Free-Trade-Agreements essential to enhancing Sri Lankan apparel’s resilience
With fears of a global economic recession looming, the Joint Apparel Association Forum (JAAF) is actively stepping up engagement with top Government and Foreign Ministry officials to expedite negotiations on Free Trade Agreements (FTAs) to help boost exports and strengthen he industry’s resilience. Elaborating on the progress thus far, Deputy Chairman of JAAF and Chief […]
SL Purchasing Managers’ Index: Sept 2022 manufacturing PMI decline
Manufacturing PMI declined in September 2022, indicating a setback in manufacturing activities on a month-on-month basis. Accordingly, Manufacturing PMI recorded an index value of 42.6 in September 2022, with a decline of 7.0 index points from the previous month driven by the decreases in all the sub-indices, except Employment and Suppliers’ Delivery Time. The decline […]
Ceylon Chamber seeks acceleration of reforms and greater accountability for Govt spend
The Ceylon Chamber of Commerce acknowledges the rationale for the recently proposed tax changes and calls on the Government to show greater restraint, accountability and transparency on government spending. While the tax hike will invariably impact businesses and private sector employees adversely in the current context of high inflation and negative economic growth, it is […]
Hayleys Fabric strengthens biodiversity regeneration efforts, Partners with CEA and local universities
Strengthening its commitment to drive biodiversity regeneration and environmental conservation, Hayleys Group subsidiary and leading textile manufacturer Hayleys Fabric partnered with the Central Environmental Authority (CEA) and the Universities of Peradeniya and Wayamba to champion the protection of habitats connected to tributaries of the Bentota River. The Rs. 1.5 million initiative aims to stabilise the […]
PRCA APAC findings shed light to the state of the PR industry in Sri Lanka
The APAC chapter of the Public Relations and Communications Association (PRCA), the world’s largest and influential PR body, carried out a survey during October with the view of understanding and informing on the state of the PR industry in Sri Lanka. The survey was carried out among 33 leaders and senior executives from over local […]
Sri Lanka to seek eligibility for IDA loans while remaining as a middle-income country: PMD
The government stated that Sri Lanka will remain a middle-income country and pursue a “reverse graduation” policy for a limited period of time. Releasing a press release, the President’s Media Division said that the Cabinet-approved proposal will only be intended to request the World Bank to grant the country eligibility to obtain loans offered by […]
Ceylon Chamber to Host Sri Lanka Economic Summit 2022
As Sri Lanka begins the monumental task of laying the groundwork for economic revival, the Sri Lanka Economic Summit (SLES) 2022 organised by the Ceylon Chamber of Commerce, will kick-start the conversation on the work that lies ahead, under the theme ‘Resetting from Turmoil to Opportunity’, on December 5th and 6th at the Shangri-La, Colombo. […]
Fitch Ratings: What Is the Outlook for Tourism in Asia
The international tourism recovery in APAC has generally been trailing the rest of the world, due in part to more cautious easing of border restrictions and China’s stringent controls on cross-border travel. Fitch expects the recovery will gain greater traction and turn increasingly broad-based in 2023, underpinned by pent-up demand for travel, stepped-up reopening efforts […]
‘s financial institutions transition to green financing
Climate change today is affecting the financial system due to its far-reaching impact across all sectors and geographies. As risks associated with environmentally damaging products and services increase, it is expected that purchasing and investing in green alternatives will become the norm. This has led to the undertaking of initiatives to mitigate the negative impacts […]
Dialog in Partnership with Sampath Bank Launches Tourist Fuel Pass; Unrestricted Access to Fuel for Tourists
Dialog Axiata PLC on the invitation of Ministry of Power and Energy and Ministry of Tourism partnered Sampath Bank PLC, to launch the Tourist Fuel Pass (TFP) that would enable tourists visiting Sri Lanka to obtain fuel without the standard quota restrictions. The TFP is a NFC-based stored value card that can be purchased on […]
Central Bank of Sri Lanka maintains policy interest rates
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 05 October 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 per cent and 15.50 per cent, respectively. In arriving at this […]
Bileeta Partners with USAID CATALYZE Sri Lanka Private Sector Development (PSD) to offer tech support to SMEs
Bileeta, one of Sri Lanka’s top ERP (Enterprise Resource Planning) solutions providers, has joined hands with USAID CATALYZE Sri Lanka Private Sector Development (PSD), to provide cutting-edge ERP solutions to eligible SME customers, through a special grant programme. These solutions will be provided in collaboration with and through partnerships facilitated by PSD with financial institutions, […]