The United States believes that strong and inclusive economic growth is essential to the defense of Sri Lankan sovereignty and to the advancement of peace and reconciliation on the island and inclusive economic growth is also essential to the future prosperity of the Sri Lankan people. “Strengthening the commercial ties between our nations is among…
(Reuters) – Sri Lankan shares fell for a third straight session on Thursday to near one-week low, dragged down by banking and diversified shares, while the rupee ended weaker due to importer dollar demand. ** The country’s benchmark stock index closed 0.64% down at 5,897.26. ** The index is down about 2.56% so far this…
At the International Civil Aviation Negotiation Conference held in Nairobi, Kenya in the year 2018, Sri Lanka and Netherlands reached consensus regarding the relevant steps necessary for the air services arrangement between the two countries and the text of an Air Service Agreement was initialed. In accordance with the same, the KLM Royal Dutch Airline…
During the Past several years, the Government has taken a series of measures to improve the domestic aviation. Consequently, action has been taken to develop the Batticaloa Airport and to enhance civil aviation facilities at Ratmalana Airport while steps are being taken to improve the Palali Airport. Accordingly, the proposal made by the Minister of…
The Election Commission is in the process of fulfilling the necessary tasks to conduct national level elections scheduled in the year 2019 and 2020. Accordingly, the proposal made by the Hon. Prime Minister to purchase 14 New Cabs and a Van for the Election Commission to enable it to accomplish the elections to be held…
Bank of Ceylon (BOC) has announced the enforcement of legal action against the default on debenture obligations by MTD Walkers Plc. The Bank said it has handed over the documents pertaining to the matter to the Attorney General’s Department on 24 July in order to institute legal action against MTD Walkers for non-payment of interest…
The Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission continued the drive to raise awareness on accessing funding through public markets among potential issuers by organizing an exclusive forum for the membership of the Federation of Information Technology Industry Sri Lanka (FITIS) recently. Tech companies present at the Forum were…
Prime Minister Ranil Wickremesinghe yesterday (31) noted that Sri Lanka is now safe for tourists and security has returned to normalcy in the country. “There have been a big drop in the government revenue, when more tourists coming in, the economy will pick up. Since the unfortunate and tragic incidents that took place on Easter Sunday,…
Sri Lanka will implement the free visa-on-arrival scheme for six months starting from today in order to boost tourism, which witnessed a slump following the Easter Sunday bombings. The launch of the initiative was announced by Tourism Minister John Amaratunga, at a forum held in Colombo yesterday (31) “The Government expects a substantial increase in…
Business Sentiment – Index Gains Prove Short-Lived The Central Bank of Sri Lanka (CBSL) recently announced that the country’s gross official reserves reached US$ 8.9 billion at the end of June. This followed the receipt of two billion dollars through the issuance of International Sovereign Bonds (ISBs), which provided import cover of a little over…
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