Category: Other
”’ magazine takes flight in the Middle East to help build economic bridges
Embarking on a journey of connectivity, the Kuwait Chapter of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) ventured into uncharted territories by marking a significant milestone in the landscape of communication with the launch of “The Hub” magazine. The magazine was officially launched at the Crowne Plaza Hotel in Kuwait, with […]
Increase Service Exports in Education Sector: EDB to work with SLANSHEI & Education Advisory Committee
The Sri Lanka Association of Non-State Higher Education Institutes (SLANSHEI) held its Annual General Meeting on 22nd March 2024 at Waters Edge, Battaramulla. Dr. Dayan Rajapaksha who was re-elected as the President of SLANSHEI for another term welcomed the gathering. The SLANSHEI membership consisted of 14 Higher Education Institutions. The main objectives of SLANSHEI are […]
World’s largest climate fund accredits MTI as observer organization
The Green Climate Fund (GCF), the world’s largest climate fund, has accredited MTI Consulting as an Observer Organization. The Green Climate Fund is the world’s largest climate fund, mandated to support developing countries to realize their Nationally Determined Contributions (NDCs) based on the Paris Agreement to move towards low-emissions and climate-resilient pathways. GCF operates through […]
US Embassy & SL Maritime Archaeology Unit Dive to Ancient Godawaya Shipwreck
The U.S. Embassy in Colombo, in partnership with the Central Cultural Fund’s Maritime Archaeology Unit, has undertaken a significant step in preserving Sri Lanka’s rich maritime history through the conservation and documentation of the Godawaya Shipwreck, the oldest known shipwreck in the Asia-Pacific region. This initiative, funded by the U.S. Ambassadors Fund for Cultural Preservation, […]
EY GDS Sri Lanka celebrates two years of growth and success
EY Global Delivery Services (GDS) proudly celebrates its second successful year in Sri Lanka. EY GDS is a globally integrated and dynamic network of over 75,000 professionals across 10 countries dedicated to providing innovative business solutions to EY member firms to support EY clients worldwide. Based out of the World Trade Center in Colombo, EY […]
Senior management & professionals to revisit recent salary revision: CBSL
A majority of the senior management and professionals of the Central Bank have made a collective decision to consider a revision to their salaries, prior to and independent of the recommendations made by the Committee on Public Finance (COPF), Sri Lanka’s Central Bank said. Full statement .
World Growth Outlook Improves, but Inflation Is Showing Persistence: Fitch Ratings
Near-term world growth prospects have improved and Fitch Ratings has raised its 2024 global GDP growth forecast by 0.3pp to 2.4% in its latest Global Economic Outlook (GEO) published today. This reflects a sharp upward revision to the US growth forecast to 2.1%, from 1.2% in the December 2023 GEO. The revision to the US […]
Selection Process for New IMF Managing Director Begins
The Executive Board of the International Monetary Fund (IMF) has initiated the selection process for its next Managing Director. The announcement was made by the Board Coordinators, Afonso S. Bevilaqua and Abdullah F. BinZarah. The Executive Board has decided to follow an open, merit-based, and transparent process for the selection, mirroring the procedure used in […]
Red Sea Disruptions Benefit Shipping Companies’ Near-Term Profitability: Fitch Ratings
Global shipping companies’ short-term profitability will benefit from increased freight rates, which exceed the costs of re-routing following persistent attacks on commercial vessels in the Red Sea, Fitch Ratings says. We do not expect structural shifts in the shipping sector as a result of these disruptions. Nearly half of all cargo ships and tankers have […]
Declaration of Assets and Liabilities Law to be Amended
In addition to the officials and categories of individuals required to disclose their assets and liabilities as outlined in the amended Declaration of Assets and Liabilities Law No. 01 of 1975 by Act No. 74 of 1988, Section 80 of the Anti-Corruption Act No. 09 of 2023 introduces provisions for further disclosure by various other […]
JICA and BASL collaborate in drive against bribery and corruption in Sri Lanka
As a key step of JICA’s initiative in supporting the Sri Lankan authorities to combat bribery and corruption, a series of introductory workshops were conducted between the 19th and 28th February, for the officers of the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) as well as other key actors of the justice system. […]
Minister Jeevan Thondaman inaugurates Ramayana Art Exhibition in New Delhi
At the invitation of the Director General of the National Gallery of Modern Arts (NGMA) New Delhi, Minister of Water and Estate Infrastructure Development Jeevan Thondaman inaugurated the ‘Ramayanam Chitrakavyam’ exhibition as the Guest of Honour together with Minister of State for External Affairs and Culture Meenakshi Lekhi on 1 March 2024. Addressing the event, […]