The Purchasing Managers’ Indices (PMIs) for both manufacturing and services activities expanded in September 2020, the Statistics Department of the Central Bank of Sri Lanka announced yesterday (15). Manufacturing activities expanded at a higher rate in September 2020, compared to August 2020. This expansion in manufacturing PMI was mainly attributable to the increase in Production…
The United Nations Food and Agriculture Organization (FAO) and the United Nations World Food Programme (WFP) join hands in calling for action to improve the food systems to help people better withstand shocks including the Covid-19 pandemic and prevent increasing malnutrition in the country. Covid-19 has made many of us rekindle our appreciation for something…
Consequent to several areas of the country coming under quarantine curfew, the Sri Lanka Export Development Board (EDB) is providing facilitation to ensure that the operations of non-BOI, export industries located in curfew areas function without interruptions subject to the guidelines issued by the Ministry of Health. The EDB is providing recommendations to enable export…
The Central Bank of Sri Lanka (CBSL) regulates and supervises Licensed Finance Companies (LFCs) in terms of provisions of the Finance Business Act No. 42 of 2011 (FBA) and Directions issued thereunder to promote safety and soundness of the overall financial sector. However, issuing a special public notice yesterday (14) the CBSL stated that regulation and…
The Cabinet of Ministers has approved the proposal to amend the Intellectual Properties Act No. 36 of 2003, in order to protect Sri Lankan exports. “There are a number of local products that can be promoted as geographically unique. Such products face big competition from counterfeit imitations in the local as well as foreign markets. It…
”Royal Norwegian Embassy look forward to continuing the partnership with the Sri Lanka – NORDIC Business Council and supporting Sri Lanka on its development journey” – Ambassador of Norway in Sri Lanka The 19th Annual General Meeting of the Sri Lanka – NORDIC Business Council of the Ceylon Chamber of Commerce, was held on 21st…
The World Bank said its executive board approved on Tuesday $12 billion in new funding for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests and treatments for their citizens. The financing plan, part of $160 billion in total resources that the multilateral development lender has pledged to provide to developing countries…
Sri Lanka has been voted as the second best country to travel to in 2020 by the readers of the up-market travel publication Conde Nast Traveler. The Reader’s Choice Awards of the Conde Nast Traveler published in October showed that Sri Lanka has scored 93.96 points, slightly behind Italy with a score of 94.05. Conde…
The Cabinet of Ministers has approved the proposal presented by Minister of Trade to import 6,000 metric tons of Basmati rice annually under the provision of the Pakistan-Sri Lanka Free Trade Agreement (FTA) and to allow only the Sri Lanka State Trading Corporation (STC) and Cooperative Wholesale Establishment (CWE) to import rice under this agreement. Earlier, the…
Sri Lanka Tourism in collaboration with Sri Lanka High Commission in the UK participated at a Virtual Media networking session on 29th September 2020. The Virtual Media meet was organized by the ANTOR (Association of National Tourist Offices and Representatives) which is a voluntary nonpolitical organization established in the UK in 1952. ANTOR’s members comprise…
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