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John Keells Holdings PLC interim financial results for 2Q 2023/24
Summarised below are the key operational and financial highlights of our performance during the quarter under review: • During the quarter under review, the Group’s businesses, except for Transportation and Property, recorded growth in profitability. • Group EBITDA at Rs.8.06 billion in the second quarter of 2023/24 is a decrease of 13% against Group EBITDA […]
9th Regional dialogue on biodiversity finance in Sri Lanka features new opportunities
A sustainable wonder to the world, Sigiriya is one of the most valuable historical monuments in Sri Lanka and deserving of its inscription as a UNESCO World Heritage site since 1982. Sigiriya is also where another landmark knowledge exchange on biodiversity finance takes place. Reversing the global decline in biodiversity by 2030 requires a budget […]
‘s human development
The Asia-Pacific region is lurching towards an era of unmet aspirations, worsening inequalities, and a steady erosion of democratic spaces. Rising global tensions, new technologies, growing polarization, and existential threats linked to climate change threaten to disrupt improvements in well-being the region has seen in past decades, says a new report from the United Nations […]
DFC Commits Half Billion Dollars to Port Infrastructure in Colombo, Sri Lanka
The U.S. International Development Finance Corporation (DFC) today announced it has committed more than half a billion dollars to support the development of a deepwater shipping container terminal in the Port of Colombo, Sri Lanka, that will provide critical infrastructure for the South Asian region. The new terminal reflects DFC’s commitment to financing high-quality infrastructure […]
IMF Executive Board Approves a Proposal to Increase IMF Quotas
The IMF Executive Board approved today a proposal to be considered by the Board of Governors to conclude the 16 th General Review of Quotas (16 th Review) with a significant increase in quotas. The proposal follows the guidance from the International Monetary and Financial Committee (IMFC) at the 2023 Annual Meetings. “Concluding the 16 th Review with a quota increase will help preserve a […]
OpenAI ChatGPT-4 Turbo Event: Everything Revealed in 3 Minutes
OpenAI CEO Sam Altman reveals an update to the company’s popular generative AI software with the new GPT-4 Turbo.
United States International Development Finance Corporation CEO Scott Nathan Visit to Sri Lanka
U.S. International Development Finance Corporation (DFC) Chief Executive Officer (CEO) Scott Nathan will visit Colombo to participate in a launch event for a new DFC investment at the Port of Colombo that will provide critical infrastructure for the South Asian region. CEO Nathan will also participate in a signing ceremony for DFC’s investment commitment to […]
‘s newest feature in trading, Stock Borrowing and Lending (SBL) and Regulated Short Selling (RSS)
What is Stock Borrowing and Lending (SBL)? Stock Borrowing & Lending (SBL) is a mechanism that is introduced by the Colombo Stock Exchange (CSE) through the Central Depository System (CDS) to facilitate the lending and borrowing of shares among investors. SBL involves connecting lenders of shares with borrowers for a pre-determined period and interest rate. […]
Ceylon Chamber leads private sector engagement at India – SriLanka biz summit
The Ceylon Chamber of Commerce called for a new economic model focused on export-led investment and tourism, and facilitating the private sector as the engine of growth to build a sustainable business environment, at the recent India-Sri Lanka Business Summit in Colombo. The event brought together key figures, including Dinesh Gunawardena, Prime Minister of the […]
Empowering SL Women: Highlights from National Policy Conference on Women’s Access to Decent Work
By Kimuthu Kiringoda and Himani Vithanage In Sri Lanka, only 7.7% of working-age females are engaged in formal employment with decent wages and decent working hours. The country’s persistent challenge of low female labour force participation is compounded by a multitude of unique barriers to improving women’s access to decent work. Decent work is multifaceted, […]
Dr. Melanie Ratnam, First Tamil Canadian Woman to be recognized for Canada’s Women’s History Month 2023
In October 2023, Woman and Gender Equality (WAGE) Canada recognized Dr. Ratnam as part of Women’s History Month, an annual celebration highlighting the outstanding achievements of Canadian women and girls. Dr. Ratnam is the first Tamil Canadian women to receive this honour. This year’s WAGE theme, “Through Her Lens: Celebrating the Diversity of Women,” acknowledges […]
Sri Lanka to host upcoming Asia Pacific Retailers Conference and Exhibition 2024
The Sri Lanka Retailers Association (SLRA), which serves as the foremost organization for organized retail in Sri Lanka, recently played host to the eagerly awaited Federation of Asia- Pacific Retailers Association (FAPRA) Head of Delegations Meeting. This significant event took place at the prestigious Cinnamon Grand Colombo. A pivotal point of discussion during the FAPRA […]