Axis Bank shuts down operations in Sri Lanka The Monetary Board of the Central Bank of Sri Lanka, having considered the request made by the Axis Bank Limited, India consequent to a policy decision taken in 2019 on its global operations, has granted approval to close down business operations of Axis Bank Limited in Sri…
Raja Edirisuriya assumes duties as the Executive Project Management Director for Colombo Port City Development Project. This appointment was made as per a cabinet decision on a paper submitted by Prime Minister Mahinda Rajapaksa as the Minister of Urban Development & Housing. Prior to this appointment, Edirisuriya was serving as the Chairman of the Urban…
Business sentiment trends down amid a growing sense of uncertainty in corporate circles With the emergence of a new cluster of COVID-19 cases in early October, the Ministry of Health sought to gazette new regulations under the Quarantine and Prevention of Diseases Ordinance in a bid to stop the virus in its tracks. This involved…
LONDON (Reuters): European stocks and commodity markets struggled to stabilise on Thursday, after a return to national lockdowns in some of the region’s biggest economies triggered the most brutal global selloff in months. Hopes that the European Central Bank will signal later it has more support to offer and a 0.5-1% bounce in Wall Street futures…
EPF Department of the Central Bank of Sri Lanka today (29) informed all its stakeholders on the arrangements that have been made to provide its services uninterruptedly amidst the difficult situation prevailing in the country due to the Covid-19 pandemic. Accordingly; services of settling refunds, collection of contributions, issuing of balance confirmations and contribution history…
Blessed with an abundance of wildlife, Sri Lanka attracts a significant number of tourists every year visiting the island to experience the exotic creatures living in the stunning Natural Parks. The diverse wildlife spread across wet, dry and intermediate zones helps maintaining the natural balance in ecosystems while contributing to Sri Lankan economy at large….
There is a high risk the resurgence in coronavirus cases halts the global economic recovery by year-end, according to Reuters polls of around 500 economists, a majority of whom expected the rebound next year to be weaker than previously thought. Governments and central banks around the world have pledged trillions of dollars of stimulus, helping…
The Commercial Documents Registration Division (CDRD) of the Ceylon Chamber of Commerce with the purpose of providing an uninterrupted service to its customers’ is now geared to service 24x7x365 days via its online documents verification service https://e-co.lk and is now open on Saturdays for manual documents verification. Extended services are provided from Monday to Saturday…
The Sri Lanka Export Development Board (EDB) is currently facilitating to ensure that the operations of export industries remain uninterrupted during the curfew period in the country. To manage the COVID-19 situation, the export industries operating within the country have been advised to follow all the safety measures recommended by the health authorities during the…
‘Independence and sovereignty won’t be compromised in foreign relations’, says President US investments in Sri Lanka to go up Assistance to combat drug trafficking Indian Ocean should remain a peace zone The US Secretary of State Mike Pompeo told President Gotabaya Rajapaksa that the United States is ready to continuously engage with Sri Lanka in…
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