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IORA Biz Conclave 2024 spurs trade and strategic MOUs
The Indian Ocean Rim Association (IORA) Business Conclave 2024, held from May 28th to 29th facilitated trade and investment across the Indian Ocean Rim region by yielding strategic MOUs and promoting international industry engagement. Organised by the Ceylon Chamber of Commerce in collaboration with the Ministry of Foreign Affairs Sri Lanka, the Conclave brought together […]
New laws to curb political appointments to boards; new employee centre focused on unions & their rights: President
In a move aimed at fostering a conducive environment for national development, President Ranil Wickremesinghe has announced his intention to introduce legislation that will depoliticize board appointments across government institutions. The President emphasized the need to ensure that appointments are made based on merit and expertise rather than political affiliations. Acknowledging the country’s ongoing economic […]
In Maine Battleground, a Democrat Grasps to Win Over Trump Voters
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dnata Travel Group launches global travel industry event to boost tourism in Sri Lanka
dnata Travel Group, a leading Dubai-based travel services provider, part of the Emirates Group, is launching a travel industry event in Sri Lanka this June, Horizon: Sri Lanka, hosted by senior representatives from its global brands, amidst growing demand for travel to the island country. For dnata Travel Group brands and its partners at Emirates […]
Sri Lanka’s Central Bank Governor Discusses Cryptocurrency Regulation Amidst Calls for Relaxation
In a press conference held today, Sri Lanka’s Central Bank Governor, Nandalal Weerasinghe, reiterated his concerns over the use of cryptocurrencies, which are currently not accepted in the country. “Cryptocurrency has been recognised in some markets as an asset class, but this asset class is highly volatile and risky. So, without proper regulation and supervision, […]
”s proposed wage hike for plantation sector workers
The plantation industry raised its strongest possible objections to the Government’s arbitrary, reckless, unilateral decision to drastically hike minimum wages for tea and rubber sector workers by an unprecedented 70%. All producer stakeholders issued a unified warning against the devastating impact the latest increase will have on the plantation sector, leading crippling operational challenges, ultimately […]
Central Bank of Sri Lanka maintains policy interest rates at their current levels
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 27 May 2024, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 8.50 per cent and 9.50 per cent, respectively. The Board arrived […]
Singapore offers assistance to upgrade Immigration system in Sri Lanka
The High Commissioner of Sri Lanka to Singapore Senarath Dissanayake met a team of officials from the Immigration Checkpoint Authority (ICA) of Singapore at the High Commission recently. The ICA delegation is scheduled to visit Sri Lanka from 26 to 31 May 2024 and the visit aims to explore opportunities for collaboration in enhancing Sri […]
Eran: Can government, which failed to reach the expected tax revenue last year, save the country from bankruptcy?
SJB Parliamentarian Eran Wickramaratne addressing the media Sunday in Colombo said that although the government entered into an agreement with the International Monetary Fund to increase the state revenue and cover up the budget deficit to save the country from the bankruptcy, the failure of the government to achieve the expected revenue targets in 2023 […]
Central Bank launches financial literacy roadmap of Sri Lanka 2024-2028
The Central Bank of Sri Lanka launched the Financial Literacy Roadmap of Sri Lanka, marking a significant step towards enhancing the financial capabilities of Sri Lankans, in Colombo Tuesday. This Roadmap, a cornerstone of Sri Lanka’s National Financial Inclusion Strategy (NFIS), offers evidence- based guidance to all stakeholders engaged in financial literacy initiatives, aligning them […]