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SLASSCOM ties up with Information & Communications Technology Association of Jordan
Under the aegis of the Embassy of Sri Lanka in Jordan, an MoU between SLASSCOM and INT@J was signed on 27 October, 2022. The MoU signing took place virtually between Chairman Ashique M. Ali on behalf of the Sri Lanka Association for Software and Services Company (SLASSCOM) and Chairman Amjad Swais for INT@J in the […]
Microsoft launches Founders Hub in Sri Lanka
Microsoft for Startups Founders Hub was recently launched in Sri Lanka to empower local startup founders to turn their ideas into reality and help boost the economy. The Microsoft for Startups Founders Hub is designed to remove traditional barriers to building a company and help founders innovate and grow, regardless of their background, location, progress, […]
VIDEO: Elon Musk Takes Over Twitter; CEO And CFO Depart
Elon Musk’s deal to purchase Twitter has gone through and the now-former CEO and CFO have left the company’s offices and will not be returning.
Low interest working capital loan scheme for SMEs under ADB credit line
Small and medium enterprises can avail of working capital loans from banks through a loan scheme facilitated under an existing ADB credit line, the Finance Ministry said. Sectors expected to provide loans: Agricultural, tourism, and export-oriented sectors Main conditions of the loan scheme: Maximum loan amount is Rs. 10 million. The loan amount can be […]
Colombo Stock Exchange extends trading hours from 01st Nov
The Board of Directors of the Colombo Stock Exchange (CSE), with the consultation of the Securities and Exchange Commission of Sri Lanka (SEC) have decided to extend the trading hours with effect from 01st November 2022 as set out below: Pre-open session – 09.30 a.m to 10.00 a.m Open Auction – at 10.00 a.m. Regular […]
CCC hails passing of 21st Amendment; applauds consensual approach adopted by political parties
The Ceylon Chamber of Commerce is pleased to note the passing of the 21st amendment with an overwhelming majority in Parliament last week. While all measures proposed by the Chamber along with other likeminded professional bodies and civil society organizations may not be addressed by this amendment, it nevertheless considers this as a step in […]
10 Billion dollars recorded for Exports in 9 months of 2022
Earnings from the merchandise exports increased by 5.75 % y-o-y to US$ 1,093.98 Mn in September 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the increase in export earnings from Apparel & Textiles, Tea, Gems & Jewellery, Electrical & Electronic Components and Spices & Essential Oils. Monthly […]
Emirates holds assessment days to recruit cabin crew in Sri Lanka
Emirates, the world’s largest international airline, is looking for candidates to join its multinational cabin crew team with an assessment day planned in Colombo on 26 October. The Dubai-based airline is looking for individuals who are passionate about delivering simple yet personalised and impeccable hospitality while creating memorable moments for its customers. Safety being one […]
Mastercard secures 50+ travel offers to support the revival of Sri Lanka’s tourism industry
As the situation in Sri Lanka continues to improve, Mastercard today announced its latest effort to promote the island nation as a safe, affordable destination for inbound travelers. With tourism being a key pillar of the country’s economy, restoring holidaymakers’ confidence and appetite to visit Sri Lanka is the natural next step following the relaxation […]
Food Fight: Sri Lanka’s Battle for Food Security
By Lakshila Wanigasinghe World Food Day is observed on 16 October to promote awareness and action to ensure regular access to nutritious food for all. The blog examines Sri Lanka’s struggle to safeguard food and nutrition security amidst the ongoing economic crisis and outlines policy steps to tackle the challenge. Sri Lanka’s economic crisis continues to […]
Free-Trade-Agreements essential to enhancing Sri Lankan apparel’s resilience
With fears of a global economic recession looming, the Joint Apparel Association Forum (JAAF) is actively stepping up engagement with top Government and Foreign Ministry officials to expedite negotiations on Free Trade Agreements (FTAs) to help boost exports and strengthen he industry’s resilience. Elaborating on the progress thus far, Deputy Chairman of JAAF and Chief […]
Mixed Impact on Rated Sri Lankan Corporates from Macroeconomic Challenges: Fitch Ratings
Rated Sri Lankan corporates in consumer-goods retail, power generation and homebuilding will be among the most affected if the economic crisis deepens or is sustained for a prolonged period, says Fitch Ratings. Significant cost inflation affecting demand and profitability, import restrictions disrupting operations, and high interest rates are key risks faced by domestic corporates in […]