Plots of land in the Colombo Port City have been allocated for foreign investors, but it is reported that only six plots have been acquired by the investors so far. “74 plots
In late February 2023, U.S. President Joe Biden announced that the United States had placed the nomination of Ajay Banga to be the next head of the World Bank, established in 1944. There will
More
The Ceylon Chamber notes with satisfaction the steps taken to implement crucial economic reforms. It is important to maintain the reform momentum under the IMF program, in order to meet the program
More
Many Sri Lankans are concerned about their next meal, the high cost of living, deteriorating health, stagnant incomes, how to buy school requisites for their children, malnutrition and increasing poverty which they
More
The weighted real GDP growth rate of Asia in 2023 is estimated to be 4.5 percent, an increase from 4.2 percent in 2022, according to a report released by the Boao Forum
More
Sri Lanka’s seventeenth IMF agreement sealed last week may well prove to be the most devastating one of them all. The reason is that the agreement comes along with Sri Lanka having
More
The IMF agreement is much more than the USD 3 billion that accompanies it. In the overall scheme of the country’s foreign debt (now estimated at around USD 48 Billion) and overall
More
The Ceylon Chamber of Commerce congratulates the Government on securing the Extended Fund Facility (EFF) with the IMF. We appreciate the efforts of the Government led by the President, the Governor of
More
The breakup of banks that is now occurring in the United States is the inevitable result of the way in which the Obama administration bailed out the banks in 2008. When real
More
The Executive Board of the International Monetary Fund (IMF) approved today a 48‑month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 percent of quota
More
With International Women’s Day 2023 centred around the theme of #EmbraceEquity, the Ceylon Chamber of Commerce, as a forerunner in promoting gender equality in the private sector and beyond, continues its longstanding
More