Category: Other
Foreign Minister invites Japan to resume investment projects which are currently in pipeline
In an effort to strengthen economic ties, the Foreign Minister of Sri Lanka cordially invites Japan to resume the investment projects that are currently in the pipeline. Additionally, he warmly welcomes fresh investments from Japan across various sectors, including power, infrastructure (such as ports and highways), as well as the green and digital economy. Media […]
Supreme Court Determination of the Public Financial Management Bill
The Supreme Court today held that the Clauses 32(3) and 32(4) of the Public Financial Management Bill are unconstitutional, and shall only be passed with a Special Majority of Parliament and be approved by the People at a Referendum. Transparency International Sri Lanka (TISL) challenged the Bill in the Supreme Court on the basis that […]
Hettigoda Industries clinches gold at presidential environment awards
Sri Lanka’s leading Ayurvedic company, Hettigoda Industries (Pvt) Ltd., was celebrated at the 2024 Presidential Environment Awards, securing the Gold Award in the Pharmaceutical Products and Personal Care Product Industry category. The prestigious ceremony, held at the Bandaranaike Memorial International Conference Hall last Friday, was graced by the presence of His Excellency Ranil Wickremasinghe, President […]
CFA Society Sri Lanka Presents Course on Key Economic Indicators for Business Success
CFA Society Sri Lanka is pleased to announce an exclusive course on “Understanding Key Economic Indicators for Business Success,” presented by the CFA Society Sri Lanka in association with Frontier Research. This course, designed to empower professionals with critical economic insights, is tailored for managers, executives, and strategic planners, promising to provide participants with a […]
Gevorg Sargsyan Announced as World Bank Group Country Manager for Sri Lanka
Starting today, Gevorg Sargsyan becomes the World Bank Group Country Manager for Sri Lanka, a position that will unify country-level leadership across the institution to better support Sri Lanka’s public and private sector priorities. This newly created position provides a single point of contact for access to the full breadth of World Bank Group products […]
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. […]