Tag: lbo.lk
Apparel industry calls for urgent action of FTAs to maintain resilient performance
The Joint Apparel Association Forum (JAAF) has urged the Government to urgently expedite negotiations on Free Trade Agreements (FTAs) to enhance the industry’s resilience and global competitiveness amid rising fears of a global economic recession. Elaborating on its rationale, the Association noted that FTAs have become an integral part of the global trading system, particularly […]
Central Bank publishes “Recent Economic Developments: Highlights of 2022 and Prospects for 2023”
The Central Bank of Sri Lanka today published “Recent Economic Developments: Highlights of 2022 and Prospects for 2023”. The publication can be downloaded via the Central Bank Website in Sinhala, Tamil and English languages. An overview of the performance of the Sri Lankan economy in 2022 as reflected in “Recent Economic Developments”, and infographics published […]
SEC, CSE and IFC host the second Investor Forum in Galle
The Securities and Exchange Commission of Sri Lanka (SEC), the Colombo Stock Exchange (CSE), and the International Finance Corporation (IFC), in partnership with the Australian Government, conducted the second Investor Forum of the year in Galle at Radisson Blu Resort as part of the series of events to celebrate the sixth World Investor Week (WIW) […]
Business Chambers request all parties to call off protests planned on 2nd Nov
Several Business Chambers in a joint statement note with concern that some organizations have called for mass protests on 2 nd November. While recognizing their freedom of speech and right to express views, the Chambers request all parties to call off protests of this nature that could undermine the efforts being taken to resolve the […]
Microsoft launches startup 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, […]
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 […]
PwC discusses the path towards ESG for food and beverage industry
Committed towards supporting the local food and beverage sector adapt to initiating measurable ESG initiatives, help gain investor confidence and generate much needed foreign revenue, PwC Sri Lanka recently concluded a successful and thought-provoking webinar titled “ESG towards a responsible future in the Food and Beverage Industry”. Participated by decision makers in the food and […]
SL Purchasing Managers’ Index: Sept 2022 manufacturing PMI decline
Manufacturing PMI declined in September 2022, indicating a setback in manufacturing activities on a month-on-month basis. Accordingly, Manufacturing PMI recorded an index value of 42.6 in September 2022, with a decline of 7.0 index points from the previous month driven by the decreases in all the sub-indices, except Employment and Suppliers’ Delivery Time. The decline […]
Hayleys Fabric strengthens biodiversity regeneration efforts, Partners with CEA and local universities
Strengthening its commitment to drive biodiversity regeneration and environmental conservation, Hayleys Group subsidiary and leading textile manufacturer Hayleys Fabric partnered with the Central Environmental Authority (CEA) and the Universities of Peradeniya and Wayamba to champion the protection of habitats connected to tributaries of the Bentota River. The Rs. 1.5 million initiative aims to stabilise the […]
Port City Colombo marks anniversary and children’s day with donation of children’s books
Continuing with its various initiatives to uplift communities and create opportunities in Sri Lanka, CHEC Port City Colombo (CPCC), the sole investor and master developer of Port City Colombo (PCC), donated 2,500 translated copies of its inspiring and educational Children’s Storybook, “City Rising from the Ocean”, which has been translated into the Sinhala and Tamil […]
Sri Lanka Central Bank appoints new deputy Governor
The Monetary Board, with the concurrence of the Minister of Finance, has promoted K M A N Daulagala, Assistant Governor and the Secretary to the Monetary Board, to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL) with effect from 07 October 2022. Daulagala has over 31 years of service at […]
Women in Sri Lanka call for stronger measures to protect their rights
Women leaders from four provinces in Sri Lanka have urged local government authorities to strengthen efforts to protect women, who have been affected by the country’s economic, political and COVID-19 crises this year. From March to September, UN Women hosted a series of Multi-party Dialogues on Women, Peace and Security in nine districts to identify and […]