The global economic recovery will strengthen and become more sure-footed from the middle of next year as coronavirus vaccines are rolled out and social distancing starts to unwind, says Fitch Ratings in its latest Global Economic Outlook (GEO). Fitch now expects world GDP to fall by 3.7% in 2020 compared to 4.4% in the September…
The Government has not banned imports, only some ‘big-ticket items’ such as motor vehicles are stopped from being imported, Secretary to the President Dr. P. B. Jayasundera stated. Speaking exclusively to Indeewari Amuwatte at the ‘@HydePark’ program on Ada Derana 24, Dr. Jayasundera expressed the following. ” We have not stopped imports. Let me be very clear….
Offer of 66 million Ordinary Voting shares at Rs. 14 per share and 9.5 million Non-Voting shares at Rs. 10 per share. CDS Shareholders’ Rights entitlement is uploaded to CDS Accounts and Non-CDS shareholders to follow instructions set out in cse.lk and cds.lk Hopes to strengthen Balance Sheet and make further investments with further infusion…
The outgoing South African High Commissioner in Colombo Robina P. Marks called on Foreign Minister Dinesh Gunawardena at the Foreign Ministry on 04 December 2020. The High Commissioner apprised the Minister that the Government of South Africa was keen to obtain assistance from Sri Lankan craftsmen to develop the Jewellery Industry in South Africa. Foreign…
The Sri Lankan Government implemented measures to protect the country’s currency by slapping a temporary vehicle import ban in March, 20 in the face of the COVID-19 threat. Meanwhile, Sri Lankan vehicle exporters in Japan, holding a special press conference in Tokyo stated that this decision by the Government is threatening the jobs of Sri Lankans…
The Foreign Minister has influenced the procurement process of the National Lotteries Board (NLB) which was under the purview of Foreign Ministry in 2017, the Committee on Public Enterprises (COPE) revealed. Accordingly, a tender which had completed the procurement process for the printing of scratch lotteries in 2017 has been suspended by a Cabinet decision at…
Victoria’s hotel quarantine program has restarted, with Melbourne Airport welcoming its first international flights in more than five months. According to international media, Sri Lanka Airlines flight UL604 from Colombo has touched down at Tullamarine on Monday morning with the first international passengers to be housed in the state’s revamped hotel quarantine program. Victoria achieved 38…
The National Chamber of Exporters of Sri Lanka (NCE) in a statement yesterday (06) congratulated Suresh de Mel for his appointment as the Chairman of the Export Development Board (EDB), an important State Institution, bestowing in promoting and Developing the Export Sector of Sri Lanka, making an indispensable contribution to sustain the economy of the Country….
Managing Director of Lanka Fishing Flies (Pvt) Ltd, Suresh de Mel has been appointed as the new Chairman of Export Development Board (EBD). He was preceded in office by Prabhash Subasinghe who recently stepped down as the chairman of the EDB. Veteran exporter Suresh de Mel is also the Chairman of Ecowave Guarantee Limited and…
The Sri Lanka Customs has incurred a loss of Rs.6,130 million during the time period of 2013-2016, due to two leading palm oil companies, the Committee on Public Accounts (COPA) was informed yesterday (03). An audit conducted by the Auditor General’s Department revealed that the loss of money was due to the negligence on the part…
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