CATEGORIES

Which Countries are the Next Big Players in the International Cannabis Industry?

President Ranil Wickremesinghe has announced the swift implementation of a comprehensive plan to elevate the Arugam Bay tourist zone into a highly desirable destination for both local and international tourists, with the potential to generate substantial revenue

Strategic Roadmap for Transforming 'Arugam Bay' into a High-Income Tourist Destination

5 mins |

SLT-MOBITEL Enterprise maps pathway for organizations to accelerate digital transformation with a game-changing Multi-Cloud journey

Akaza Multi-Cloud Service from SLT-MOBITEL Enterprise provides businesses with numerous advantages. The robust multicloud platform, featuring VMware, Microsoft Azure Stack, and Oracle PCA, stands out in the market

How WeWork Failed

Valued at a whopping $47 billion at one point, WeWork, the workplace real estate renter and one-time poster child of the effervescent startup culture is wobbling today. On the cusp of bankruptcy, today analysts are saying the same thing in one chorus. WeWork was one of the most hyped startups in recent years. Looking at the case of WeWork, analysts are wondering whether the startup bubble, the darling of modern-day corporate chivalry and the poster child for entrepreneurial genius, is about to fade into the history of vain startups

10 mins |

President Ranil Wickremesinghe envisions massive development project in Eastern Province akin to Mahaweli Development Project

President Ranil Wickremesinghe addressing a special Committee meeting drew parallels to the successful implementation of the Mahaweli Development Project during the 1980s, affirming a similar commitment to expediting the Eastern Development Project

People's Leasing Achieves 3.02 Billion Profit After Tax in FY 2022/23

People’s Leasing & Finance has successfully concluded the financial year 2022/23 with an impressive profit after tax (PAT) of 3.02 billion rupees. PLC’s performance exhibited resilience and strength throughout the year, contributing to this outstanding achievement

The Country Needs an Architecture that is Compatible with Future Climate Changes: President Ranil Wickremesinghe

President Ranil Wickremesinghe emphasized that Sri Lanka has demonstrated a strong commitment to addressing climate change goals

7 mins |

How Singapore Built its Premium

When countries struggle to boost investments amid a torrent of corruption and policy inconsistency and are paying the price for poor investment decisions, Singapore tells its story of how it built its reserves from nothing, a third-world country at independence in 1965. Political sagacity to nation-building by its forefathers and their successors, separating business from politics, has helped Singapore become a regional pivot. Everyone wants to learn a lesson or two from them. But even today, having weathered a few storms in the recent past, its leaders are refusing to take its position for granted. Prime Minister Lee Hsien Loong tells how Singapore, since independence, built its reserves through political will and commitment and has a warning for its next generation of leaders and citizens

DFCC Bank Becomes First Sri Lankan Entity Accredited by the Green Climate Fund (GCF)

DFCC Bank announced its accreditation by the Green Climate Fund (GCF), making it the first Sri Lankan entity to achieve this significant milestone

HNB and Home Lands Holding Provide Affordable Financing for Real Estate and Property Investment

HNB signed on as the official banking partner for Home Land Holdings to offer prospective homeowners affordable payment solutions to invest in their own property

DFCC Bank Launches a Financial Solution to Make Your Ambitions a Reality

DFCC Bank understands the importance of investing early and has designed the DFCC Investment Planner to empower its customers to effortlessly build a healthy investment fund

Alternative Data Market Growing 2.5x Faster than Artificial Intelligence Industry; Revenues to Quadruple and Hit $19B by 2027

While investors and hedge fund managers usually rely on data from SEC filings and quarterly earnings to make informed investment decisions, recent years have witnessed a surging demand for alternative data as a powerful tool to grow investments and generate alpha

HDFC Bank: The Behemoth of a Surging Nation

That the merger of HDFC Bank with its parent company, Housing Development Finance Corporation Limited, is setting records and catapulting India’s financial institutions into the global top hundred leagues is a cause for celebration for an economy of the size of India, the Poseidon sailing into the vast ocean of economic prosperity.

8 mins |

Adani Group Commissions India's First Transnational Power Project

Gautam Adani, Chairman, Adani Group called on Bangladesh Prime Minister Sheikh Hasina in Dhaka following the full load commencement of power supply to Bangladesh from the Group’s Ultra Super-Critical Thermal Power Plant in Godda, India

The Role of Capital Flows to Sustainable Growth in Emerging Markets 2023 Michel Camdessus Central Banking Lecture

In an integrated world where financial globalization has seen an accelerated movement in capital across borders, many are pressing the pause button to reassess the strategy of relying excessively on external capital flows as a growth driver in times of global volatility. Lesetja Kganyago, Governor of the Reserve Bank of South Africa, addressing the tenth annual Michel Camdessus Central Banking Lecture 2023 organized by the International Monetary Fund, spoke at length on how emerging markets could leverage the benefits of capital flows for sustainable growth by listing out a set of best practices to optimize results. He underscored the importance of the quality of institutions in making the right policy choices and the quality of human capital empowered to run them, with the capacity to direct capital inflows into productive activities

In order for a country to develop economically, it must be open to the world: President Ranil Wickremesinghe

President Ranil Wickremesinghe stated that he is interested in exposing Sri Lanka to the world for economic development promptly as possible and to implement related legal reforms

Prime Minister Narendra Modi on Sri Lankan President's visit to India

I warmly welcome President Wickremesinghe and his delegation to India

Strengthening Historic Indo-Lanka Joint Vision for the Next 25 Years

President Ranil Wickremesinghe, on his maiden official visit to India after assuming Presidency, conveyed a resolute commitment to strengthen the bilateral ties between India and Sri Lanka

6 mins |

Two Global Banking Giants Face the Regulators' Wrath

Last month’s news of two systemically important financial institutions, Deutsche Bank and Credit Suisse, 19th-century titans in banking, being fined by the US Federal Reserve Board and the UK Prudential Regulatory Authority has become a wake-up call to urge a review of corporate governance and risk management strategies

6 mins |

India-USA partnership augurs well for the democracy: Prime Minister Narendra Modi in his address to the US Congress

Mister Speaker, Madam Vice President, Distinguished Members of the US Congress, Ladies and Gentlemen, Namaskar! It is always a great honor to address the United States Congress.

SLT-MOBITEL to transform Sri Lanka's digital landscape with digitization tools and citizencentric approach

Thilak R. Thilakaratne, GM, Government Business, Sri Lanka Telecom, discusses SLT-MOBITEL Enterprise digitization tools and commitment to Sri Lankan citizens.

Prime Minister Narendra Modi during G20 Tourism Minister's Meet

Excellencies, Ladies and gentlemen, Namaskar! I welcome you all to Incredible India! As tourism ministers, handling a sector worth over two trillion dollars globally, it is rare that you get a chance to be a tourist yourself.

Ministry of Power and Energy signs agreement with RM Parks to ensure uninterrupted fuel supply

To address the foreign exchange crisis in Sri Lanka and ensure a steady fuel supply, the Ministry of Power and Energy has taken decisive action. Accordingly, an agreement was signed between the Government of Sri Lanka and RM Parks, a prominent international company operating in collaboration with Shell, marking a significant step towards securing a long-term contract for importing, storing, distributing, and selling petroleum products in the country.

Inspiring People to Do Better

The Manchester City Football Club made history by entering the Treble Hall of Fame. A 68th-minute strike catapulted it to victory, nailing its first-ever European Cup victory this season - the Champions League Trophy at the Ataturk Olympic Stadium in Istanbul, Turkey, on June 10, 2023 preceded by their success at the Premier League and the FA Cup, a feat by an English football club after nearly a quarter century.

8 mins |

Lessons from a Champion

June 2023 turned out to be a game of thrones in sports. Earlier in June, the Manchester City Football Club became the second English football club to win all three major tournaments in one season, the grand slams of soccer the treble honors. Elsewhere on the clay courts of Roland Garros, Novak Djokovic won the French Open, his 23rd men's singles grand slam victory, making him the men's sole grand slam record holder. Amid high expectations, Djokovic pulled off a record-making win in Paris, demonstrating his years of training in on-court resilience and planning. That evening in Paris, he showed his ability to adapt and his motivation to achieve his goal of winning.

7 mins |

Semiannual Monetary Policy Report to the Congress

Jerome H. Powell submitted identical remarks to the Committee on Banking, Housing, and Urban Affairs, U.S. Senate.

4 mins |

America's 10 richest people worth more than 106 poorest countries combined

In an era where economic inequality has reached unprecedented heights, the divide between immense wealth and abject poverty continues to grow to staggering proportions.

President Ranil Wickremesinghe sets ambitious timeline for Sri Lanka's debt restructuring and reconciliation efforts

In a determined push to address Sri Lanka’s debt crisis and foster reconciliation, President Ranil Wickremesinghe outlined plans to finalize the debt restructuring process by September.

President Ranil Wickremesinghe meets US Treasury Secretary for Debt Relief discussions, Sustainable Development at Paris Summit

President Ranil Wickremesinghe met with Janet Yellen, US Treasury Secretary on the sidelines of the Paris Summit for a New Global Financing Pact.