The Government has decided to handover the administration of the ‘Suraksha’ student insurance policy to Sri Lanka Insurance after its agreement with the Allianz Insurance expired on May 31, 2020. The Cabinet approval was granted in accordance with the recommendations of the committee which provides recommendations for this insurance program to move it to a…
Emirates has announced the launch of outward-bound passenger flights from Sri Lanka, starting Saturday 20 June 2020, to facilitate travel for foreign nationals as well as Sri Lankans who need to return to families, jobs or education overseas. The airline currently operates passenger flights to 30 destinations with connectivity for cities between Asia, Europe and…
Chief Executive Officer Suresh Shah is to retire from Lion Brewery and Ceylon Beverage Holdings PLC with effect from 30 June whilst Dr. Rajiv Herath Meewakkala will take over, the two companies have announced in a stock exchange filing. Suresh will retire as CEO following a very successful stewardship of the company since its inception….
GUANGZHOU, June 15 (Xinhua) – The 127th China Import and Export Fair, popularly known as Canton Fair, kicked off online Monday, a first for the decades-old trade fair, in south China’s Guangdong Province. This year’s online fair, which will last for 10 days, has attracted around 25,000 enterprises in 16 categories with 1.8 million products….
Fitch Ratings has revised the National Long-Term Ratings of Sri Lankan financial institutions following the recalibration of the agency’s Sri Lankan national rating scale. The recalibration is to reflect changes in the relative creditworthiness among Sri Lankan issuers following Fitch’s downgrade of the sovereign rating to ‘B-‘/Negative from ‘B’/Negative on 24 April 2020. Revision ratings…
Cyber Security Specialist Asela Waidyalankara calls to expedite the passing of a Cyber Security Bill once the general election concludes in order to tackle the ever-evolving issues in Cyberspace. Speaking exclusively to Indeewari Amuwatte at the ‘@HydePark’ program on Ada Derana 24, Waidyalankara expressed the following. “Laws are critical. Because the environment of Cyber-crime, data…
The Chairman of the Securities and Exchange Commission of Sri Lanka (SEC) Mr. Viraj Dayaratne PC, paid a courtesy call on Deshamanya Professor W.D. Lakshman, Governor of the Central Bank of Sri Lanka recently. He was accompanied by Director General of the SEC, Mr. Chinthaka Mendis. This meeting provided an opportunity for the Governor and…
Sri Lanka’s gross official reserves were down by US$715.92 million to US$ 6,493.6 million in May 2020 from US$ 7,209.52 in April 2020, latest Central Bank data showed. By the end of May, foreign currency reserves were 6,046.8 million dollars while the reserve position in the IMF was 65.7 million dollars. Reserves in Gold were 372.7 million and other reserve…
The Embassy of Sri Lanka in Rome and the Consulate General Office in Milan have arranged facilities to cater to over 10,000 Sri Lankans who would seek consular assistance in the process of regularising their visa status under “Sanatoria 2020” special amnesty granted by the Italian Government with effect from 1 June to 15 July…
Bloomberg – A would-be hub of Indo-Pacific commerce and global tourist gem, Sri Lanka was already struggling to deliver on grand visions before the coronavirus crisis struck the world economy. The next few months may determine its ability to avert a painful debt restructuring. The South Asian nation is locked in talks with the International Monetary Fund…
Video Story
