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CAL to buy 51 percent of Hong Kong frontier fund manager Asia Frontier Capital at USD 2.5Mn

Srilanka, Nov. 3 -- Capital Alliance Holdings (CAL) has signed an agreement to acquire a 51 percent stake in Asia Frontier Capital (AFC), a Hong Kong-based fund manager that specialises in frontier eq... Read More


Sri Lanka to open ports and power grid to private investors: President

Srilanka, Oct. 14 -- President Anura Kumara Dissanayake has told investors that the government has put three things in place: transparent governance, the laws needed to protect business, and the infra... Read More


Sri Lanka open to new IMF programme if it supports growth: President

Srilanka, Oct. 14 -- President Anura Kumara Dissanayake says Sri Lanka is ready to enter a new programme with the International Monetary Fund (IMF), provided it supports economic growth and not just s... Read More


Seven in ten Sri Lankan exporters already sell online, but paperwork and slow delivery hold them back: Survey

SriLanka, Oct. 9 -- The findings are in "E-commerce and international trade in Sri Lanka: Findings from a survey of 953 exporters and importers", a report by ODI Global and the Sri Lanka Association f... Read More


99x launches AI-Hub to increase visibility on AI-assisted workflows

Srilanka, Oct. 9 -- The 99x leadership also shared updates on the Group's global growth, evolving market outlook and the opportunities emerging for Sri Lankan technology talent in the AI era. The eve... Read More


ADB approves USD100mn loan to overhaul Sri Lanka's vocational training system

Srilanka, Oct. 2 -- The Asian Development Bank (ADB) has approved a $100 million results-based loan to transform Sri Lanka's technical and vocational education and training (TVET) system, aiming to eq... Read More


CBSL Governor: Reserve accumulation must be backed by sound fundamentals

Srilanka, Sept. 21 -- Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe has said reserve accumulation cannot be viewed in isolation from the broader macroeconomic policy framework, st... Read More


Sri Lanka's services boom offsets manufacturing slowdown as PMI data shows uneven August recovery

Srilanka, Sept. 21 -- Sri Lanka's economy sent a mixed but broadly positive signal in August, as new Central Bank data show services activity accelerating sharply even as manufacturing growth lost mom... Read More


Sri Lanka expects India's full support in fight against Indian Ocean drug trafficking

Srilanka, Sept. 11 -- Sri Lanka expects India's fullest support in combating drug trafficking in the Indian Ocean region, President Anura Kumara Dissanayake said, as the Indian Ocean has increasingly ... Read More


Build buffers before the storm, Central Bank Governor tells reserve managers

Srilanka, Sept. 11 -- Sri Lanka's Central Bank Governor Dr. Nandalal Weerasinghe used the inaugural Reserve Management Conference in Colombo on 10 September to deliver a pointed message to central ban... Read More