Category: Other
Hemas Holdings announces appointment of Ajith Fernando & Supun Weerasinghe as Directors
Hemas Holdings PLC announced the appointment of Ajith Fernando and Supun Weerasinghe as Independent Non-Executive Directors, effective 1st July 2024. Additionally, Ajith Fernando will serve as a member of the Hemas Board’s Nomination and Governance Committee. These strategic appointments underscore Hemas’ commitment to enhancing governance and leveraging deep industry expertise as the Group continues its […]
Eshan Pieris bags silver class win at Fanatec GT world challenge Asia
Eshan Pieris arrived back in Sri Lanka this week after achieving a remarkable Silver Class win in the Fanatec GT World Challenge Asia 2024 held at Fuji International Speedway, Japan, last Saturday. At the Fanatec GT World Challenge Asia, Eshan stood as the only racer on the grid representing Sri Lanka and one of the […]
Ceylon Chamber of Commerce Re-elects Chairman Duminda Hulangamuwa & Board for 2024/25 at AGM
The Ceylon Chamber of Commerce announced the re-election of its Board for the Year 2024/25 at the Chamber’s 185th Annual General Meeting on June 27. The re-elected Board comprises Chairman Duminda Hulangamuwa – Country Managing Partner for Sri Lanka and The Maldives, Ernst & Young, Vice Chairman Krishan Balendra – Chairman John Keells Holdings PLC, […]
Federal Reserve should wait to reduce its policy rate until at least late 2024, recommends IMF staff mission
Despite the important progress to-date in returning inflation toward its 2 percent goal, the Federal Reserve should wait to reduce its policy rate until at least late 2024, concluding a 2024 Article IV Staff Mission, the IMF said. “This provides significant room for maneuver within the Fed’s mandate of price stability and maximum employment. Given […]
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FitchRatings has downgraded the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘B-‘. Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS Ratings Downgrade: The downgrade of the Maldives’ […]
CA Sri Lanka and SLIIT forge a new path for Accounting education excellence
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Sri Lanka Institute of Information Technology (SLIIT) recently forged a new path in accounting and IT education excellence by signing a Memorandum of Understanding (MoU) for the first time in history aimed at advancing and collaborating in professional education. Mr. Heshana Kuruppu, […]
‘s Peak
This year, Siddhalepa Ayurveda proudly celebrated its 46th consecutive year of conducting a health camp at Adam’s Peak. Since 1978, they have been at the forefront of supporting pilgrims, demonstrating a long-standing commitment to their well-being and environmental conservation with placing dustbins, placing sign board, offering Lakpeyawa, Siddhalepa Balm and Pain Relief Spray to visitors. […]
Foreign Minister Ali Sabry to undertake an Official visit to Japan
On an invitation extended by Japanese Foreign Minister Yoko Kamikawa, Foreign Minister Ali Sabry is scheduled to undertake an official visit to Japan from 01July 2024. During this visit, the Foreign Minister will engage in bilateral discussions with his Japanese counterpart which will focus on making further progress on the outcome of the latter’s official visit to Sri […]
Ceylon Chamber Launches SPARK 2024 Youth Entrepreneurship Competition
The Ceylon Chamber of Commerce officially launched the SPARK Youth Entrepreneurship Competition – 2024, setting the stage for aspiring young entrepreneurs across the country to pitch their innovative business ideas and win big at the Grand Finale in September. Building on the success of its inaugural edition in 2023, which drew over 400 applications from […]
World Bank Approves USD150 million to Improve Primary Healthcare Services in Sri Lanka
The World Bank’s Board of Executive Directors has approved $150 million in financing for Sri Lanka to improve the quality and utilization of its primary healthcare services. The newly approved Sri Lanka Primary Healthcare System Enhancing Project will help improve quality of care and increase the use of primary medical care institutions, which provide essential health services […]
Global growth stabilizing; but 80-pct population to see slower pre-COVID decade growth: WB
The global economy is expected to stabilize for the first time in three years in 2024—but at a level that is weak by recent historical standards, according to the World Bank’s latest Global Economic Prospects report. Global growth is projected to hold steady at 2.6% in 2024 before edging up to an average of 2.7% in 2025-26. […]
‘s largest Advertising Festival sees global creatives in Colombo
Sri Lanka’s advertising industry experienced an unprecedented surge of inspiration as the Four A’s Advertising Festival took place on the 30th and 31st of May, welcoming over 650 participants. Hosted at the Taj Samudra, Colombo, the event featured 13 sessions & 5 workshops by global creative speakers, each bringing a wealth of expertise to the […]