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Hambantota Port achieves Record numbers for transshipment
Hambantota International Port (HIP) recently handled the largest RORO shipment of 2022 to date. M.V. Glovis Champion carrying 8,147 vehicles and 18 HH (High and Heavy) vehicles, called at the port last week and the port completed the operation within 28 hours. The high efficiency and productivity was achieved as a result of HIP’s skilled […]
We are surprised by reports that you are preparing to nominate another person as CBSL Governor: CBEOU
The Central Bank Executive Officers’ Union (CBEOU) representing all staff grades up to the Deputy Governor position of the Central Bank, says that they are surprised and deeply concerned by the news reports being circulated that the Prime Minister & Minister of Finance is preparing to nominate another person for the post of the Governor […]
President instructs to conduct formal study of Public Service; proposals to expedite disciplinary inquiries
President Gotabaya Rajapaksa has instructed to conduct a formal study on the public service with the aim of providing quality public service in a short period of time and increasing employee satisfaction. The President made these remarks at a special discussion held at the President’s House, Fort yesterday (10) on the role of the Ministry […]
Foreign Minister Peiris in Singapore for official visit
At the invitation of the Minister for Foreign Affairs of Singapore, Dr. Vivian Balakrishnan, Minister Foreign Affairs Prof. G. L. Peiris undertook an official visit to Singapore from 8-9 June, 2022. An official visit of a Foreign Minister of Sri Lanka to Singapore is taking place after four years. During the visit, a bilateral meeting was […]
UN calls for over USD 47mn for life-saving assistance to 1.7mn people in Sri Lanka
The United Nations team in Sri Lanka and non-governmental organisations launched a joint Humanitarian Needs and Priorities (HNP) Plan today, calling for US$47.2 million to provide life-saving assistance to 1.7 million people worst-hit by the economic crisis over a four-month period, from June to September. This directly responds to the Government of Sri Lanka’s request […]
Stop offering renewable energy projects over 10MW on unsolicited proposals: Opposition
Opposition parties are demanding the government not to offer renewable energy projects generating over 10MW on unsolicited proposals. The Parliament is currently debating an amendment brought by the government to the Sri Lanka Electricity Bill even though the opposition is proposing an amendment to it. Amendment moved by the opposition: These amendments to be applicable […]
No intention to take any minister post under this govt, says independent MP Champika Ranawaka
Opposition MP Patali Champika Ranawaka told parliament on Wednesday that he will function as an independent opposition parliamentarian from today. He added that he doesn’t have any intention to take up any ministerial portfolio under this government as the government needs to truly become an all-party government.
India agrees to provide USD 55mn loan through Export-Import Bank to procure Urea
The Government of India has agreed to provide a $ 55 million loan through the Export-Import Bank of India for the procurement of Urea for the 2022/23 Maha season. It is expected to cultivate 800,000 hectares of paddy in the 2022/23 Maha season and estimated that 150,000 metric tons of Urea, 45,000 metric tons of […]
MAS Holdings launches Foundation for Change, a non-profit to tackle environmental issues
MAS Holdings, the Sri Lankan based design-to-delivery solutions provider, announced the launch of the ‘MAS Foundation for Change’, an independent non-profit organization aimed at tackling the social and environmental challenges faced due to biodiversity loss, ocean pollution, and lack of access to clean water. The creation of the MAS Foundation for Change is an extension […]
Current exchange rate arrangement: Background, positive impact thus far, and expected outcomes
This note is intended to explain to the general public the background to the current exchange rate arrangement, and the positive impact it has already made, and expected outcomes in the period ahead. The country is facing extremely challenging economic circumstances at present while it is going through the worst balance of payments crisis in […]