Sri Lanka’s MAS Holdings in a statement, highlighted the immediate measures it has taken in order to ensure the wellbeing of all the employees and stakeholders, together with the Government Health Authorities. The company said it closed down all its facilities in police curfew areas on October 4 including MAS Active Sleekline in Nittambuwa since the first alerts…
Distilleries Company of Sri Lanka Chairman and business tycoon Harry Jayawardena recently stated that the coconut arrack industry is often given ‘step-motherly treatment’ and reiterated that the government should look into the existing retail licenses system as it is heading for a gradual monopoly paving the way for bootleggers to sell their illegal product with…
Census and Statistics Department announced that the second quarter GDP estimates would be delayed due to the COVID-19 situation and related challenges. Issuing a statement the Census and Statistics Department stated that they have decided to publish the second quarter GDP estimates along with the GDP estimates for the third quarter of 2020 on 15 December 2020….
“The Beijing Swift” – By Prof. Samitha Hettige © The Peoples Republic of China (PRC) celebrated the 40th anniversary of the establishment of the Shenzhen Special Economic Zone (SEZ) in grand scale in Guangdong. President Xi Jinping attended the gathering and, in his speech, compared the story of PRC’s first SEZ to a miracle…
October 18, 2020 We wish to inform you that, during routine PCR testing at our facilities, an associate at Hirdaramani Industries, Kahathaduwa tested positive for COVID-19 on October 17, 2020. Since the start of the recent COVID-19 outbreak, our dedicated factory teams have been conducting PCR testing across all facilities. The associate is currently asymptomatic,…
Mix of colours establish the tournament as a Sri Lankan brand The courage, determination and boldness of a lion, which is seen in the main symbol of the Sri Lankan national flag, is the central theme in the Lankan Premier League (LPL) logo. The LPL logo captures the rich culture and heritage of the nation,…
The Central Bank of Sri Lanka, as of 15th October 2020, approved 61,907 loan applications received from COVID-19 affected businesses. These applications were for a total of Rs. 177,954 million and registered under the three Phases of the Saubagya COVID-19 Renaissance Facility. So far, the Licensed Banks have released loans amounting to Rs. 133,192 million…
Carrying out finance leasing business without obtaining registration is an offence – CBSL The Central Bank of Sri Lanka (CBSL) recently released the list of registered Finance Leasing Establishments (RFLEs) under the Finance Leasing Act (FLA) No. 56 of 2000. Issuing the notice, the CBSL stated that as per the provisions of FLA, carrying out finance…
“Sri Lankan exporters are more positive in their outlook with expectation for a moderate growth for export business and the economy over the next 12 months as the country rebounds from the impact of COVID-19”, as revealed in the latest Business Survey on Trade and Labour Market Impacts of COVID – 19 on Sri Lankan…
Foreign Minister Dinesh Gunawardena leading the Sri Lanka delegation to the 20th Virtual Commonwealth Foreign Affairs Ministers Meeting (CFAMM) in the sidelines of the 75 UN General Assembly on 14 October 2020, called for innovative thinking, collective and integrated strategies to address the multi-dimensional and cross cutting challenges in the wake of the COVID-19 pandemic. Highlighting…
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