Mr. Rajeeva Bandaranaike Archives

International Finance Corporation (IFC), a member of the World Bank Group, along with the Sri Lanka Institute of Directors (SLID) and the Colombo Stock Exchange (CSE), are collaborating on workshops that promote good corporate governance and family business practices to improve the long-term sustainability of family-owned businesses in Sri Lanka. The first in a series of workshops was held recently with the aim of helping participants understand the fundamentals of family business governance. Family businesses are key to Sri Lanka's economy, generating jobs and contributing significantly to the country's economic growth. However, almost 95 percent of such businesses do not survive beyond the third generation. "Some of the largest and most prominent brands in the country today, were i...

The Sri Lankan stock market has continued what has been an encouraging year in 2017, where both market indices continue to record positive returns, Colombo Stock Exchange (CSE) said in a media release. The Benchmark All Share Price Index (ASPI) has made a 2.78% gain in October alone and a 6.31% gain year-to-date, while the S&P SL 20 index, which features the CSE's 20 largest and most liquid stocks has also improved consistently, making a 5.74% gain in October and a 11.50% gain since the start of 2017. The positive growth of the indices mark a reversal of the declining trend recorded in 2015 and 2016, during which the ASPI recorded a decline of 5.54% and 9.66% respectively. The performance of the market has also resulted in an improved involvement among investors, where the Daily ...

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IFC, partners strengthen corporate governance practices in Sri Lankan family-owned businesses