In an effort to expand the reach of the small and medium enterprises (SMEs), including the women-owned small businesses, the International Finance Corporation (IFC) announced its support to Commercial Bank of Ceylon to launch a digital marketplace in Sri Lanka.
Hunas Holdings PLC yesterday said its fully- owned subsidiary Hunas Falls Hotels Private Limited has entered into an agreement with Azotels Services Limited, for the purpose of development and management of Hunas Falls Hotel.
With the aim of ensuring a smooth continuation of the International Monetary Fund (IMF) programme by averting possible hiccups leading to suspension of the programme, the government is contemplating on setting up an Irish-style implementation unit with special powers to implement mutually agreed targets and structural benchmarks within stipulated time lines.
The Government of Japan has provided US$ 1.6 million to UN Women in support of humanitarian assistance for women mostly affected by the socio-economic crisis in Sri Lanka. The funding is part of a new project ‘Empowering women in crisis’, running from February 2023 to December 2023, which will support at least 1,200 women, including their children who have faced sexual and gender-based violence.
Secretary to India’s Ministry of Petroleum and Natural Gas Pankaj Jain and IndianOil Corporation Ltd. Chairman Shirkant Madhav Vaidya are expected to arrive in Sri Lanka today for a brief visit, Mirror Business learns.
President Ranil Wickremesinghe yesterday expressed confidence in creating a new financial culture and environment that had not prevailed in Sri Lanka before, through the Extended Fund Facility (EFF) programme that was approved by the International Monetary Fund (IMF) Executive Board this week.
The Central Bank is continuing to preserve its position as a net buyer of foreign currency from the domestic foreign currency market, with the dollar liquidity conditions started easing from around early this year, following debt standstill, lower tepid imports and increased dollar inflows.
Tourist arrivals to Sri Lanka topped 84,000 in the first three weeks of March. The provisional data from the Sri Lanka Tourism Development Authority showed that during the March 01-21 period, the island nation welcomed 84,585 international visitors.
The Paris Club Creditors in its recently held meeting have agreed to provide financing assurances to support the approval by the IMF Executive Board of the envisaged IMF program for Sri Lanka.
The Monetary Board of the Central Bank decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 per cent and 15.50 per cent.
The World Bank this week revised down the economic growth forecast for nearly 95 percent of advanced economies and 70 percent of emerging market and developing economies as the global economy is projected to grow by 1.7 percent in 2023
Tourist arrivals surpass 63,000 in first half of October
EDB gets new chief
Colombo welcomes Cinnamon Life
New Board of Directors appointed for SriLankan Airlines
Easter attack: controversy swirls further high
Catholic Church rebuffs Gammanpila’s allegations
Easter Sunday attack: Ravi Seneviratne’s name implicated
SL unveils new ’P’ series passport with enhanced security features