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Exporters pessimistic over outlook on economy and export orders, SMEs more vulnerable to crisis: Report
The latest bi-annual Export Barometer Survey indicates that exporters are increasingly concerned about the implications of the expected contraction of the Sri Lankan economy in the latter half of 2022 on export orders, with SMEs particularly vulnerable to the intensifying economic crisis. The third in a series of surveys conducted by the Ceylon Chamber of […]
SL agri forum puts forward proposal to sustainably overcome current and future food crisis
The Sri Lanka Agripreneurs’ Forum (SLAF) is the single professional agri-entrepreneurial organization that represents approximately 30 percent of the country’s workforce, addressing the need of the hour, SLAF recognized the dire need to positively intervene in the current food crisis in Sri Lanka and thus met with the Minister of Agriculture Mahinda Amaraweera on 30th […]
NCPI based headline inflation at 70.2-pct in August 2022
Headline inflation, as measured by the year-on-year change in the National Consumer Price Index increased to 70.2% in August 2022 from 66.7% in July 2022. This increase in Y-o-Y inflation was mainly driven by the monthly increases of both Food and Non-Food categories. Accordingly, Food inflation (Y-o-Y) increased to 84.6% in August 2022 from 82.5% […]
National Council proposal passed in Parliament without division
Prime Minister Dinesh Gunawardena’s proposal to establish a ‘National Council’ was passed in Parliament on 20.09.2022 without a division. The ‘National Council’ will be constituted to represent all the parties representing the Ninth Parliament from the recognized political parties of Sri Lanka. The consensus was obtained at three rounds of discussions under the leadership of […]
Sri Lanka can learn from Hyderabad to strategize its economic turnaround: Hilmy Cader
According to MTI Consulting, Sri Lanka is facing a ‘Perfect Storm’, a concurrence of multiple socio-economic challenges that has dealt an unprecedented blow to the country. “This is also a great opportunity to dismantle incremental legacy strategies. Instead, go ‘Ground Zero’ and approach it as building an entirely new economic model,” said Hilmy Cader, CEO […]
Nirj Deva appointed as Presidential Envoy and Senior Advisor
September 21, 2022 (LBO) – Former member of the British and EU Parliaments, Nirj Deva Aditya, has been appointed by President Ranil Wickremesinghe as a Senior Advisor and Presidential Envoy. He will function as Senior Advisor on EU Affairs to the President and Presidential Envoy to Western Europe and the Commonwealth of Nations. Key objectives […]
Senior Japanese Parliamentarian on a fact-finding mission to help Sri Lanka
Senior Japanese Parliamentarian Matsushita Shinpei of Liberal Democratic party met Prime Minister Dinesh Gunawardena today (20) at the Prime Minister’s Office to discuss cooperation between the two countries and areas of possible future cooperation. Matsushita Shinpei said the main propose of his current visit is to see for himself how Sri Lanka is coping with […]
Dialog Axiata Group to Invest USD 152.4 Million in Sri Lanka
Dialog Axiata Group, the largest Foreign Direct Investor (FDI) operating under the aegis of the Board of Investment of Sri Lanka (BOI), announced the entering into of two supplementary agreements with the BOI for the investment of an additional sum of USD 152.4 Mn (LKR 56.7 Bn) in Sri Lanka’s Telecommunications and ICT Infrastructure on […]
USAID signs new five-year agreement with Sri Lanka
Building on the USAID Administrator Samantha Powers’s recent visit, US Ambassador to Sri Lanka Julie Chung announced today that the United States, through USAID, will provide an additional estimated $65 million (more than 23 billion Sri Lankan rupees) in assistance to Sri Lanka over a five-year period. The assistance falls under the Development Objectives Assistance […]
PIMA to hold forum on SL’s turnaround strategies and role of international community
The Alumni Association of the Postgraduate Institute of Management (PIMA), Sri Lanka’s largest and most prestigious MBA alumni network, will hold its first ever PIMA Strategic Forum on September 20 at the Shangri-La, Colombo. Titled “Sri Lanka’s turnaround strategies and the role of the international community” the event will see some of the finest minds […]
”’, on Rating Watch Negative
Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB, AA-(lka)/Rating Watch Negative) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR10 billion an expected National Long-Term Rating of ‘A(EXP)(lka)’, on Rating Watch Negative (RWN). The debentures, which have maturities of five, seven and 10 years, will be listed on the Colombo […]
UNDP & WHO Sri Lanka hand over essential medicines to address immediate health sector crisis
Addressing the immediate needs of the ongoing socio-economic crisis, the United Nations Development Programme (UNDP) in Sri Lanka has come forward to procure and deliver vital and essential medicines and medical supplies for the country, together with the World Health Organization (WHO) in Sri Lanka with the financial support of the United Nations’ Central Emergency […]