Category: Other
Eshan Pieris secures championship runner-up in GT World Challenge Asia 2024
The 2024 GT World Challenge Asia season concluded last month with a gripping finale at the Shanghai International Circuit, China. In a weekend filled with challenges and triumphs, Sri Lankan driver Eshan Pieris secured the runner-up position in the Silver Class championship. Pieris consistently showcased his talent and determination in the final race of the […]
CFA Charter – The Key to Unlocking Global Career Success
CFA Society Sri Lanka recently hosted an inspiring fireside chat and networking event titled “The CFA Program Advantage: Pathways to Career Excellence.” The event focused on the immense value that the CFA qualification provides to finance professionals and its role as a powerful career accelerator. Aruna Perera, CFA, President of CFA Society Sri Lanka, delivered […]
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Fitch Ratings has downgraded Kotagala Plantations PLC’s National Long-Term Rating to ‘CCC(lka)’, from ‘B+(lka)’, and its listed unsecured debentures of LKR251 million due between the financial years ending March 2025 (FY25) and FY27 to ‘CCC-(lka)’, from ‘B+(lka)’. The downgrade follows a major weakening in liquidity. We expect the statutory increase in labour costs effective September […]
Mangala Wijesinghe Assumes Duties as 16th Chairman of Sri Lanka Export Development Board
Mr. Mangala Wijesinghe officially assumed duties as the 16th Chairman of the Sri Lanka Export Development Board (EDB) on October 16 at the EDB headquarters. He initially joined Browns & Company 16 years ago. Upon assuming his new role, Mr. Wijesinghe addressed the staff of the Export Development Board: “We should diversify and focus more […]
UN Assistant Secretary General concludes visit; reinforces support to national development agenda
United Nations Assistant-Secretary-General (ASG), United Nations Development Programme (UNDP) Regional Director for Asia and the Pacific, Ms. Kanni Wignaraja met with President Anura Kumara Dissanayake and Prime Minister Dr. Harini Amarasuriya during her one day in-country mission yesterday. ASG Wignaraja was accompanied by Resident Representative of UNDP in Sri Lanka, Ms. Azusa Kubota. In her […]
CFA Society Sri Lanka Announces WindForce PLC as Subject Company for Research Challenge 2024/25
CFA Society Sri Lanka is pleased to announce that WindForce PLC has been selected as the subject company for its 18th annual CFA Institute Research Challenge Sri Lanka 2024/25. The CFA Institute Research Challenge is an annual global competition that promotes best practices and ethical standards in equity research among university students, offering them invaluable […]
MTI to develop Strategy for Rwanda’s FDIs, Tourism, and Exports in Collaboration with RDB
Following a competitive international pitch, MTI Consulting has been selected by the Rwanda Development Board (RDB) to develop its 5-year Strategic Plan. The Rwanda Development Board (RDB) is a government agency with a vision to transform Rwanda into a dynamic global hub for business, investment, and innovation. Its mission is to fast-track economic development in […]
IFC, EBRD, EU, and France Help Deliver Largest FDI in Ukraine Since Invasion
IFC, a member of the World Bank Group, and the European Bank for Reconstruction and Development (EBRD), with support from the European Commission (EC) and the Government of France in form of guarantees, are enabling an investment program to modernize, expand, and improve telecom service quality in Ukraine. IFC and the EBRD are jointly providing […]
Advocata Institute Congratulates New President; Offers Expertise in Research and Policy Support
The Advocata Institute extends its heartfelt congratulations to Anura Kumara Dissanayake on his election as the 9th Executive President of the Democratic Socialist Republic of Sri Lanka. In a message addressed to the President, Murtaza Jafferjee, Chairman of the Advocata Institute, and Dhananath Fernando, Chief Executive Officer, acknowledged the trust and confidence placed in President […]
Sri Lanka Facilitates Repatriation of 56 Pakistani Prisoners
Sri Lanka has successfully facilitated the repatriation of 56 Pakistani prisoners who had been languishing in Sri Lankan jails for several years. The group, comprising 51 men and 5 women, was flown back to Pakistan on a specially chartered plane. This humanitarian effort was made possible through the efforts of Pakistan’s Federal Interior Minister Mohsin […]
Central Bank of Sri Lanka Discontinues Pension Payments for Governors
The Central Bank of Sri Lanka (CBSL) has announced a significant change in its pension policy for former Governors, effective from September 11, 2024. Under the revised rules, any Governor appointed after January 1, 1998, will no longer be eligible for pension payments. This move comes as part of a broader reform under the CBSL […]
External Affairs Minister S Jaishankar to visit Colombo this week
External Affairs Minister S. Jaishankar is set to visit Colombo this week, marking the first high-level engagement with newly elected President Anura Kumara Dissanayake. This visit aims to reaffirm India’s commitment to Sri Lanka, especially amidst concerns about potential shifts in foreign policy under the new Marxist leadership.