The World Bank’s new Country Director for Maldives, Nepal and Sri Lanka, Faris Hadad-Zervos, completed his first visit to Sri Lanka today (27). The purpose of this visit was to meet key policymakers and understand the country’s development priorities. Based in Kathmandu, Nepal, this was the Country Director’s first visit to Sri Lanka in his…
The Committee on Public Enterprises (COPE) of Parliament had Secretaries of three Ministries joining its committee meeting through online (ZOOM) for the first time in history yesterday (26). Accordingly, post the commencement of the COPE Committee yesterday evening under the chairmanship of Prof. Charitha Herath, Secretary to the Ministry of Health (Dr) H.S Munasinghe, Secretary…
The Delegation of the European Union (EU) recently raised concerns over the import restrictions imposed by the Government of Sri Lanka. Issuing a statement together with the Embassies of France, Germany, Italy, Netherlands and Romania, the EU stated that; the current import restrictions are having a negative impact on Sri Lankan and European businesses, and…
Recording a year of commanding financial performance in a challenging economic backdrop, Nawaloka Hospitals PLC, a pioneering force in the private healthcare sector, posted a revenue of Rs. 8.5 billion for the fiscal year 2019/20. While performance in the first quarter of the year was severely hindered due the devastating Easter attacks, progress during the final…
Tourism is one of the worst hit sectors from the pandemic and as the industry recovers and restarts, we are presented with an opportunity to rethink how the future of travel and tourism can be shaped for the better. It has pushed socio-economic structures into a standstill and has challenged globalization and global operations of…
Ambassador – Head of Delegation of the European Union (EU) to Sri Lanka and the Maldives Denis Chaibi and EU Deputy Head of Mission, Head of Political, Trade and Communications Section Thorsten Bargfrede met with Board of Investment (BOI) Chairman Susantha Ratnayake and Director General Sanjaya Mohottala on November 26, 2020 at the Board premises. The discussion was on…
Sri Lanka’s Central Bank will introduce maximum interest rates on mortgage-backed housing loans for salaried workers from licensed banks and set lending targets for certain sectors in the near future in conformity with the policies of the Government, Central Bank Governor Deshamanya Prof. W.D. Lakshman said whilst addressing the final Monetary Policy review press conference for this year. ”…
Nirmala Sitharaman, Minister of Finance and Corporate Affairs of India, will be delivering the keynote address at the inauguration of the Sri Lanka Economic Summit (SLEC) 2020. The keynote address will be during the inaugural session on December 1, 2020. Minister Sitharaman, an Economist has been serving in her current capacity since May 2019 and was previously…
The following press communiqué jointly issued by Sri Lanka Ports Authority, South Asia Gateway Terminal and Colombo International Container Terminal All operations and other services of the Sri Lanka Ports Authority’s (SLPA) terminals and all other sister terminals at the Port of Colombo are swiftly returning to normal. Due to the current Covid-19 pandemic situation…
Manufacturing activities indicate subdued performance in October 2020 due to adverse impacts of the second wave of COVID-19 pandemic erupted in the country in early October. Accordingly, manufacturing PMI declined to 40.3 in October 2020 with a significant decline in Production, New Orders, Employment, and Stock of Purchases sub-indices, particularly in the manufacturing of wearing…
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