The International Monetary Fund (IMF) says it has received a request for emergency financial assistance from the Sri Lankan authorities to fight the COVID-19 pandemic. This was stated by the Director of the Communications Department of the International Monetary Fund, Gerry Rice responding to questions during a press briefing on Thursday (11). He was asked…
Mandated to lead the Board of SL’s first ever High Density Data Centre At launch, it will serve as the only Tier 3 certified Data center in Colombo City Envisages world class data hosting services and value-added services to enterprises, SMEs and startups Set to attract regional clientele to Sri Lanka with Tier 3 certified…
Macksons Tower by Macksons Developers was recently launched in the city of Colombo signifying the first mixed development project by Macksons Holdings. Situated at 12, Alfred House Gardens, Colombo 3, the property offers retail and office space with ample parking, thereby providing all required facilities at a convenient location. The soft opening was held in…
The Entrepreneur Unites, a unique event organized by The Entrepreneur Media, is set to help Sri Lanka’s up-and-coming entrepreneurs to build their entrepreneur mindset with the help of Sri Lanka’s most influential business leaders. The event will focus on the best insights and advice from four Sri Lankan Entrepreneurs and will be held at the…
The Ceylon Chamber of Commerce in association with the Hony. Consulate of Poland in Sri Lanka, Embassy of Poland in India and the Polish Chamber of Commerce will be organising a Webinar on “Poland – Current Economy, Business Environment and Opportunities for Join Collaborations” on 18th March 2021 at 3.00 p.m. The main objective of…
Sri Lanka’s external sector continued to recover in many aspects during January 2021, mainly supported by an improved trade deficit and a notable increase in workers’ remittances. The reduced deficit in the trade account in January 2021 compared to January 2020 was the result of a larger decline in merchandise imports over merchandise exports. Meanwhile,…
SINGAPORE (Reuters) – Crude oil prices rose on Thursday as vaccine rollouts bolstered the economic outlook and U.S. fuel stocks fell sharply, although gains were capped by a surge in crude oil inventories after last month’s Texas storm. Brent crude oil futures for May rose 55 cents, or 0.8%, to $68.45 a barrel by 0328…
Ambassador Dr. Palitha Kohona met with Vice Minister of Foreign Affairs of China Mr. Luo Zhaohui on 03 March 2021. Vice Minister Luo warmly welcomed the Ambassador and stated that the Ministry of Foreign Affairs of China will continue to extend its fullest support to the Ambassador in Beijing and effusively acknowledged his long standing…
Sri Lanka Embassy in the Sultanate of Oman jointly with the Export Development Board of Sri Lanka (EDB) organized an introductory webinar on the ICT/BPM sector, in collaboration with Knowledge Oasis Muscat (KOM) with the view to connecting Sri Lankan and Omani ICT/BPM sector companies. Director General of the Export Development Board of Sri Lanka…
The People’s Bank of China has approved a $1.5 billion SWAP facility to boost the Sri Lanka’s official foreign reserves. This was confirmed by the State Minister of Money & Capital Markets and State Enterprise Reforms, Ajith Nivard Cabraal in a Twitter message. At the end of February 2021, Sri Lanka’s official reserve assets stood…
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