Gold sovereigns save the day for Diogenes

Sri Lanka can overcome the forex challenges it now faces by negotiating a restructuring of its commercial debt. However, creditors will demand that structural reforms be undertaken at the same time, so they have an assurance that the country will honor its new undertaking.

Amidst unprecedented hardships with the economy in crisis, fiscal reforms are the last thing everyone wants, but it is inevitable, as is debt restructuring. Two economists weigh in on what we can expect and how best to approach economic reforms.

Sri Lanka has to work quickly to establish a clean float and contain defaults on multiple defaults that can be triggered if foreign exchange shortages persist from low policy rates and deadly surrender requirements.

While the economy unravelled, Norges Bank Investment Management increases investments in Commercial Bank, Dialog Axiata, John Keells Holdings and Teejay Lanka and buys into hotel and tech stocks.

For this systemically important bank, sustainability has a deeper, broader meaning, one that encapsulates all its stakeholders like investors, customers, employees, suppliers, community and the environment.

Despite the challenges confronting the hospitality industry, Aitken Spence Hotels continues to focus on sustainability, explains Stasshani Jayawardena, Head of Tourism & Leisure; Chairperson, Aitken Spence Hotel Managements (Pvt) Limited; and Director, Aitken Spence PLC.

Dr Roshan Rajadurai, Managing Director - Hayleys Plantations Sector, and Senaka Alawattegama, Director/CEO, Talawakelle Tea Estates PLC, delve into how sustainability is securing the company's future and those of the industry and the people living and working in plantation communities. Talawakelle Tea Estates PLC emerged winners in the retail and trading category at the ACCA Sustainability Reporting Awards held in Colombo in February 2022

The listed finance company is on a mission to bridge global development finance institutions and impact investors with Sri Lankan enterprises pushing a social and environmental sustainability agenda

Commercial Bank of Ceylon came up trumps in the sustainability stakes when it won the overall award for the Best Sustainability Report at the 2021 ACCA Sustainability Reporting Awards held in February this year. The bank also topped the banking category at the flagship event of ACCA Sri Lanka. In this interview, S Renganathan, Managing Director and Group Chief Executive Officer of Commercial Bank, explains why sustainability is integral to its success as the largest private bank in the country.

ACCA Sri Lanka Awards for Sustainable Reporting 2022 show how businesses place sustainable practices high on their development agendas. The organisations in this section were part of the ACCA Sustainability Awards, which serve to encourage companies to publish information on their social and environmental impacts and ultimately help to underline the business case for sustainable development.

Infomate's Jehan Perinpanayagam takes us through the evolution of a major export industry

With NDB Bank Privilege Select Plus, the formidable banking group has taken private banking a step higher and beyond banking.

The company reaffirms its commitment to driving economic prosperity by providing the highest quality and freshest nutrition-rich chicken products

The traits women must cultivate to achieve their life and career goals.

Nordic businesses are not obsessing about cost arbitrage but willing to work with high-quality tech companies to build winning digital products. Oslo-based Kari Bente Skarbø, Director of Business Development at 99x, explains the Colombo-based tech company's Nordic expansion strategy and the exciting next phase in the company’s evolution.

Since being appointed Chief Executive in 2018 Chandana Aluthgama has been driving a transformation at SLI. That transformation is now impacting the company’s culture and product lineup.

Employees celebrate the company that has helped them grow in their personal and professional lives by prioritising well-being, work-life balance and managing growth at an individual level

Hirdaramani Group's innovation hub is embedding sustainability into the very heart of garment manufacturing