The coronavirus pandemic will likely accelerate fundamental shifts in trade relationships globally and particularly in Asia, Moody’s Investors Service has said. Ensuring supply security by enhancing the strength of supply chains will become an overarching objective of governments and companies, overtaking cost and efficiency considerations, it said in a sector in-depth report. Asian countries ex-China…
Former Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal was sworn in as the new state minister for Finance, Capital Market, and State Enterprise Reforms. The swearing-in ceremony of new Cabinet of Ministers and State Ministers commenced a short while ago, under the patronage of President Gotabaya Rajapaksa. The new ministerial structure…
Sri Lanka Telecom PLC (SLT) Group released its financial results for the first-half of 2020 recording a remarkable 55% YoY growth in its Operating Profits to Rs. 6.9 Bn, amidst the many challenges caused by Covid-19 pandemic. The Group revenue reached Rs. 44.1 Bn during the first six months of 2020 demonstrating a moderate growth…
The Board of Directors of the Colombo Stock Exchange (CSE) congratulates the new Government led by His Excellency President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa on receiving a convincing mandate at the recently concluded General Election. The CSE welcomes the decisive expression of support for the new Government by the Sri Lankan people and…
The Ambassador-designate of Sri Lanka to Myanmar has held a meeting with the top management of Myanmar Airways International on establishing direct air connectivity between the two countries, the Foreign Ministry said in a media release recently. Ambassador-designate of Sri Lanka to Myanmar Dr. Nalin de Silva held a meeting with the top management of the…
LONDON/DHAKA (Thomson Reuters Foundation) – Garment workers supplying global fashion brands have been underpaid or not paid at all during the coronavirus crisis, with lost wages potentially amounting to nearly $6 billion, researchers said on Monday. With the pandemic leading to store closures and falling sales, many retailers cancelled orders or demanded discounts from suppliers,…
Sri Lanka Tourism is happy to confirm that the all-inclusive Sri Lanka Tourism app is now ready and awaiting authorization from the Immigration and Emigration Department to be linked with the online visa process. “We have now prepared the Cabinet paper required for the app to be authorized along with the online visa procedure. It…
The Angel Fund, an initiative of the Lankan Angel Network (LAN), established with the support of ecosystem development partner Ford Foundation, has begun accepting applications from early-stage startups in Sri Lanka with regional and global growth potential that is not limited to the tech industry. These could encompass innovative ideas in the verticals of BFSI,…
The 23rd Annual General Meeting of the Sri Lanka – Singapore Business Council (SLSBC) of The Ceylon Chamber of Commerce was held on 23rd July 2020 via Zoom. The SLSBC was inaugurated in 1997 under the aegis of the Ceylon Chamber of Commerce with the objective of promoting trade, investments, tourism and services between Sri…
Sri Lanka as a destination is blessed with hundreds of natural and man-made wonders that have attracted tourists from around the world. However, currently, everyone has failed to give these monuments the love and care they deserve. Hence, the relevant authorities must utilize this time to prepare a practical model of operating these sites once…
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