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The United States and DFCC Bank provide MSMEs financing to women and youth

U.S. Ambassador Julie Chung witnessed the signing of the Memorandum of Understanding (MOU) between DFCC Bank and the U.S. government’s Agency for International Development (USAID) Private Sector Development project to…

Ceylon Chamber of Commerce launches Outlook 2022 Report – ‘Road to Recovery: Overcoming Challenges

The Ceylon Chamber of Commerce (CCC) recently launched the 7th edition of its flagship annual OutlookReport for 2022 at the Economic Outlook 2022 webinar. Titled ‘Road to Recovery: Overcoming Challenges’,…

Sri Lanka’s tourism earnings have overtaken Workers’ remittances inflows in January

Sri Lanka’s tourism earnings have overtaken Workers’ remittances inflows in January this year as emittances inflows fell to a fresh 13-year-low of $ 259 million in January amidst parrel exchange…

Sri Lanka shares slump amid nationwide power cuts, worsening economic crisis

 (Reuters) – Sri Lankan shares plunged nearly 7% on Wednesday as fuel shortage-induced countrywide power outages spooked investors amid the nation’s worst economic crisis in years. The CSE All-Share index…

Sri Lanka Leader Ramps Up Spending in High-Risk Bid for Support

(Bloomberg) — Many Sri Lankan voters who backed President Gotabaya Rajapaksa’s election bid three years ago are now struggling to make ends meet. His government is spending to ensure that…

Sri Lankan Economy Spiralling out of control; Requests IMF assistance

By Asanga Abeyagoonasekera Sri Lanka’s economic meltdown is one of the worst in recent decades, pushing many families into poverty. The situation is rapidly spiraling out of control with multiple…

Investment Insights on Port City and Cinnamon Life Presented to International Audience

With Colombo Port City and Cinnamon Life emerging as Sri Lanka’s most attractive investmentopportunities in the property and leisure sectors, a webinar hosted recently by the Sri Lanka CanadaBusiness Council…

New USPTO study finds no one company dominating 5G

 A new report published by the United States Patent and Trademark Office (USPTO), “Patenting Activity among 5G Technology Developers,” concludes that there is global competition in 5G innovation, with no one company dominating the…

Ceylon Chamber Pleads Government to Reconsider the Surcharge Tax Bill

The membership of the Ceylon Chamber of Commerce notes serious concerns on the provisions of the Surcharge Tax Bill that has been gazetted recently to implement the budget proposal on…

Sri Lankan bunker suppliers rescind HSFO offers amid energy crunch

(SPGlobal): Suppliers at the port of Colombo have retracted offers for delivered 380 CST high sulfur fuel oil due to shortages of the bunker grade as local refineries direct the…