Govt. proposes financial aid package for MSMEs
With the aim of revitalizing micro, small, and medium-scale enterprises (MSMEs), a comprehensive package of financial facilities was introduced tunder the patronage of President Ranil Wickremesinghe at the Presidential Secretariat. This comprehensive package includes a range of financial facilities tailored to bolster both investment and working capital for MSMEs across Sri Lanka.
Union Assurance Launches Leader Conference 2024
Union Assurance held its inaugural Leader Conference 2024 at the Epitome Hotel, Kurunegala. This event brought together over 250 participants, including Union Assurance Agency leadership and sales leaders across its extensive branch network, marking a milestone in the Company’s commitment to leadership development and excellence. The Leader Conference aimed to recognise and celebrate the achievements […]
Cinnamon Lakeside Colombo Welcomes Nazoomi Azhar as its new General Manager
Cinnamon Lakeside Colombo proudly welcomes a new era of leadership with the appointment of Mr. Nazoomi Azhar as its new General Manager. With over 25 years of experience managing renowned hotels in the United Kingdom, Mr. Azhar brings a wealth of expertise to strengthen the hotel’s legacy with a fresh perspective and commitment to excellence. […]
AIA Insurance and Commercial Bank Forge Historic Bancassurance Partnership Amidst Exquisite Launch Event
In a historic collaboration, AIA Insurance and Commercial Bank held the official launch event for their exclusive bancassurance partnership, heralding a new era of financial security and unparalleled services for Sri Lankans. The partnership was unveiled amidst a digitally transformative launch event at the Shangri La Colombo, in the presence of distinguished guests from both […]
Sri Lanka Central Bank further reduces policy rates
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 50 basis points (bps) to 8.50 per cent and 9.50 per cent, respectively. The Board said it arrived at this decision […]
Special discussion on IMF bailout programme today
A discussion between the visiting team of officials from the International Monetary Fund (IMF) and representatives from the government and opposition regarding the IMF bailout programme is scheduled to be held today (11) at the Presidential Secretariat in Colombo. Ministers of State for Finance Shehan Semasinghe, Ranjith Siyambalapitiya, Chief of Staff to the President Sagala […]
President reiterates govt’s commitment to sustaining momentum and advancing economic agenda
During the meeting between President Ranil Wickremesinghe and the IMF team at the Finance Ministry today (07), the Senior Mission Chief for Sri Lanka Peter Breuer emphasized that the IMF program is exhibiting promising signs of efficacy, translating into tangible outcomes. He commended the authorities for their unwavering commitment to the program’s implementation, noting that […]
IMF second review of Sri Lanka’s bailout package begins today
The International Monetary Fund (IMF) will commence its second review of the Extended Fund Facility (EFF) program for Sri Lanka today (March 07) with an opening meeting scheduled with President Ranil Wickremesinghe. Taking to his X handle (formerly Twitter), Finance State Minister Shehan Semasinghe said this marks a crucial milestone in the ongoing efforts by […]
IMF team to visit Sri Lanka for second EFF review
A team from the International Monetary Fund (IMF) is to arrive in Sri Lanka for the second review of the Extended Fund Facility (EFF) programme which is to begin on 07 March, according to State Minister of Finance Shehan Semasinghe. The state minister said he believes the second review for the third disbursement under the […]
The Opening of the Clubhouse of Vista Residencies – Malabe
Foresight Residencies Pvt Limited holds an Open Day for Prospective Clients of Vista Residencies. [Malabe] – Foresight Residencies Pvt Limited conducted an Open Day event at Vista Residencies, located at KCM Drive, Welivita Road, off Millennium Drive, Malabe on 17 February from 9am-5pm; aimed at creating awareness about the opening of the new clubhouse and […]
