IFC’s Investment in Sunshine Holdings to Help Diversify Business Operations in Sri Lanka, Drive Efficiency
Consumers in Sri Lanka are set to benefit from a new $5 million investment by International Finance Corporation (IFC) to Sunshine Consumer Lanka Ltd, a subsidiary of Sunshine Holdings PLC…
Spice Industry Veteran and Gulam Chatoor from the Spice Arena
Gulam Chatoor the present Chairman of Saboor Chatoor (Private) Ltd, one of the leading spice exporters of Sri Lanka records nearly seven decades of piloting the company. To date, Gulam…
CSE envisages transforming to a multi-product securities exchange before 2025
The 35-year-old Colombo Stock Exchange (CSE) set eyes to take a quantum leap – towards a much more comprehensive and multi-product securities exchange before 2025 in catching up with lost…
Sri Lanka Prepares to launch its first official Tourism ‘Travel App’ to Assure post-COVID travelers with Unique Experiences
Sri Lanka is preparing to launch its first official Tourism ‘Travel App’ with the assistance of WorldBank and Asian Development Bank with a focus on enhancing the visitor experience and improving the…
United States Airlifts Emergency Supplies to Help Sri Lanka Combat Covid-19 Surge
The United States continues to stand with the people of Sri Lanka in the battle against the COVID-19 surge. Yesterday, U.S. Embassy Charge d’Affaires Martin Kelly and Secretary to the…
Sri Lanka’s Electricity Regulator Approves Second LNG Plant in Kerawalapitiya
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, granted its approval for the 2nd Re-gasified Liquid Natural Gas-fired Combined Cycle power plant to be tendered to…
Potential Russian Nuclear Power Plant In Sri Lanka Not On SPIEF Agenda
(UrduPoint News / Sputnik) The prospective plans for Russia to develop a nuclear power plant for Sri Lanka are not part of the agenda of this year’s St. Petersburg International Economic Forum (SPIEF), Sri Lankan State Minister of Money and…
DFCC Bank’s incorporation of Google Workspace proves to be fruitful
In May of last year, DFCC Bank became the first in the country’s banking industry to join hands with Finetech Sri Lanka and implement Google Workspace (formerly known as G…
CCC Partners with Australia’s Market Development Facility to promote inclusive and sustainable private sector-led growth
The Ceylon Chamber of Commerce (CCC) recently entered into an MOU with Market Development Facility (MDF), Australia’s flagship private sector development program, to support the private sector in innovating to…
Fitch Ratings Expects IMF Board to Approve Proposed SDR allocation in August
Fitch expects the new general special drawing rights (SDR) allocation to be approved by the IMF’s board of governors, likely in August. The move will raise foreign exchange reserves for…