Category: Other
IFC helps Sampath Bank to provide trade financing for Sri Lankan exporters
IFC, a member of the World Bank Group, is partnering with Sampath Bank PLC to provide trade financing for Sri Lankan exporters to help them access global markets and boost the country’s trade. IFC will support the bank’s trade-finance business by partially or fully guaranteeing the payment risks of its clients. IFC’s Global Trade-Finance Program […]
Navy ship USS New Orleans to visit Sri Lanka this week
The USS New Orleans (LPD 18) with embarked 13th Marine Expeditionary Unit (MEU) will arrive in Sri Lanka for a port visit on July 24. The ship and embarked MEU are in Sri Lanka to increase bilateral ties with the Sri Lankan Navy and provide U.S. support and training for humanitarian assistance and disaster relief. […]
New World Bank Country Director to visit Sri Lanka this week
Idah Pswarayi-Riddihough, the new World Bank Country Director* for Sri Lanka and Maldives is visiting Colombo this week to meet with the Sri Lankan Government, and other development partners, to discuss the status of the World Bank Group operations and how the Bank can continue to support the country’s development priorities in the most impactful […]
‘s Prime Minister
Prime Minister Ranil Wickremesinghe met Malaysian Deputy Prime Minister Seri Ahmad Shahid Hamid at Temple Trees today.
U.S. investors prefer real estate and cash to stocks: survey
July 22, 2016 – Retail investors are showing signs they have lost faith in U.S. stocks, and that real estate and cash are the most popular investments, a Bankrate survey shows. Out of 1,000 adults asked what they would do with their money if they didn’t need it for 10 years, a quarter said they […]
Lamudi looks at current housing trends in Sri Lanka
In recent years, Sri Lanka has been experiencing a massive demand for property within Colombo and its suburbs. As new large-scale developments are rising in the city, many local and international investors are showing a keen interest in Sri Lanka’s real estate market. Luxury apartments are being constructed all over the city, attracting international businessman […]
Alok Sharma to take over Hugo Swire’s position as FCO Minister for Asia Pacific
Alok Sharma, MP for Reading West, has been appointed Under Secretary of State at the Foreign and Commonwealth Office with responsibility for Asia and the Pacific eventually taking over Minister Hugo Swire’s position in UK’s cabinet reshuffle. “I am honoured to have been appointed by the Prime Minister as Minister for Asia & the Pacific, hugely […]
CA Sri Lanka launches finance & accounting course for IT/BPO sector
The inaugural course of the groundbreaking qualification for the Finance and Accounting Outsourcing (FAO) sector launched by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), kicked off in July, with an aim to produce specialized professionals, who will give leadership to help Sri Lanka’s IT/BPO sector reach its ambitious goals of USD […]
BOC ranks among Top 1000 Banks in the World & No.1 in Sri Lanka
“The Banker” U.K Magazine revealed The Bank of Ceylon as the No. 1 Bank in Sri Lanka among the World’s Top 1000 Banks in its July 2016 issue. BOC has won many accolades and recognition in the recent past including the title as the “Strongest Bank” in the country given by the “Asian Banker” for […]
MR says Missing Persons Office will betray armed forces
Sri Lanka ex-president Mahinda Rajapaksa says the proposed bill to set up an office of missing persons has been designed to persecute armed forces. Releasing a media statement, the former President said that this is one of several institutions to be established ‘to deal with the past’ in terms of the UNHRC resolution that the […]
Sri Lanka Economic Summit to discuss struggles to tap agribusiness potential
‘The Sri Lanka Economic Summit 2016’ organized by the Ceylon Chamber of Commerce has allocated the ‘Session 6’ of the two day event to discuss why the country’s agriculture sector despite the vast promise is still punching below its weight. The session, titled ‘Commercial Agriculture – Tackling the Competitiveness and Political Challenges,’ will accordingly focus […]
Singapore leaders pledges support for Sri Lanka
Singapore President Tony Tan Keng Yam and Prime Minister Lee Hsien Loong have pledged to support Sri Lanka when they met Prime Minister Ranil Wickremesinghe today.