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President Ranil Wickremesinghe Addresses G77 & China Summit in Cuba

President Ranil Wickremesinghe delivered a compelling address at the Summit of the Heads of State and Government of the G77 & China in Havana, Cuba

Urgent Need for Arugam Bay Tourism Development Strategy

A meeting was convened at the Presidential Secretariat to discuss the Arugam Bay Tourism Development Plan, which has the potential to significantly contribute to Sri Lanka’s tourism industry

DFCC Bank's Trailblazing Website Clinches Silver at BestWeb.LK Awards 2023

DFCC Bank’s website secured a Silver Award for Best Website in the Banking and Finance Category at BestWeb.LK Awards 2023

President Wickremesinghe Commemorates Joseph Fraser Ninewells Hospital's Centenary Anniversary

President Ranil Wickremesinghe delivered a compelling address during the commemoration of Joseph Fraser Ninewells Hospital’s centennial anniversary at the hospital premises underscoring the crucial importance of maintaining Sri Lankan healthcare facilities at international standards, positioning the nation as a premier hub for medical tourism

Veteran Banker Aravinda Perera Assumes Duties as Chairman of Pan Asia Bank

Pan Asia Bank welcomed respected banker and business leader Aravinda Perera as Chairman of Pan Asia Bank on August 11, 2023. Aravinda Perera is expected to lead the Bank to the next phase of growth

In the Spotlight for all the Wrong Reasons

They call it the secretive world of management consulting. It’s a power bloc that has gradually entered government and influenced policymaking

Rooting for Sri Lanka and His Profession

Chartered architect Rajiv Senanayake co-founded Design Forum with architect Lilantha Wijayapala in 2000, a company of chartered architects, consultants and designers

People's Bank Introduces a Convenient Mobile Point of Sale Solution for SMEs and Micro-Level Businesses

People’s Bank has launched its innovative People’s Mobile Point of Sale (People’s mPOS) solution, empowering small and micro-level businesses to accept card payments on the go

People's Bank Secures a Gold at the International ARC Awards 2023

People’s Bank’s Annual Report 2022, titled Creating a Legacy of Caring for Generations to Come, won five awards at the International ARC Awards 2023

Indra's Trust and Integrity

A man of big thoughts but few words, Indra Silva is the unassuming business doyen many would like to learn from

A New Program is Essential to Propel the Plantation Industry Forward, Encompassing the Tea Sector: President Ranil Wickremesinghe

President Ranil Wickremesinghe emphasized the necessity for a novel program to drive forward the plantation industry in Sri Lanka, encompassing the tea sector. He stressed that this program should be accurately crafted, integrating contemporary digital techniques

Inflation: Progress and the Path Ahead

Chair Jerome H. Powell at \"Structural Shifts in the Global Economy,\" an economic policy symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming.

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

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

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

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

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.

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