Launches green initiatives under its ‘Making My Sri Lanka More Sustainable’ campaign Nestlé Lanka has committed to making 100% of its packaging recyclable or reusable by 2025. Its vision is that none of its packaging, including plastics, ends up in landfill or as litter. Striving for a cleaner and greener nation, the Good Food Good…
The Deputy Governor of the Central Bank of Sri Lanka, H A Karunaratne today (30) stated that the Employees’ Provident Fund had been active even during the last quarter and added that, even though EPF wanted to purchase certain stocks, the required parcels were not available in the market. He revealed this in response to a…
Annexures and Exhibits of all five Forensic Audit reports on bond transactions of the Central Bank of Sri Lanka (CBSL) have been submitted to Parliament, The Deputy Governor of Central Bank Dr. Nandalal Weerasinghe said. Dr.Weerasinghe made this remark while responding to a query by a journalist at the monetary policy press briefing which was held today…
The Central Bank of Sri Lanka today (30) stated that the deadline for Small and Medium Enterprise (SME) borrowers to inform their banks in order to receive the benefits from the debt relief package, has been extended until February 10. Hence, SME borrowers who have obtained loans under Rs.300 million are to inform the bank branches…
The Ceylon Chamber of Commerce, with a view to build a dependable, pragmatic, and advantageous relationship and to establish friendly and cordial relations between Sri Lanka and Kurdistan Region of Iraq, signed a Memorandum of Understanding (MOU) with the Kurdistan Federation of Chambers of Commerce and Industry. This was done with the intention to further…
Sri Lanka’s diversified conglomerate John Keells Holdings (JKH) said its net profit for the December quarter fell 50% from a year earlier to Rs.2.4 billion, whilst the first nine months performance at Rs.5.68 billion is a decrease of 53 % over the previous year. “The profit attributable to equity holders in the third quarter of…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 29 January 2020, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 50 basis points to 6.50 per cent and 7.50 per cent, respectively. The Board arrived at this…
Mr. Manjula de Silva will assume duties as the Secretary General and CEO of the Ceylon Chamber of Commerce, from February 1st, 2020. Mr. de Silva takes over from Mrs. Dhara Wijayatilake who retires from that position after serving in that capacity since March 2016. Mr. de Silva has held several senior positions in the…
Senior Advisor to the Prime Minister Mahinda Rajapaksa on Economic Affairs Ajith Nivard Cabraal Tuesday (28th January 2020) met with The United Kingdom’s State Minister for Trade Policy, Conor Burns at the Department of International Trade, at Westminister, London. “At the meeting where a wide range of initiatives relating to the improvement of trade and investment…
President Gotabaya Rajapaksa has appointed a 12-member high-powered Task Force for Poverty Eradication and Livelihood Development through the issuance of an extraordinary gazette. The Committee will be chaired by Retired Deputy Secretary to the Treasury S.B. Divarathne Esquire. The other members of the Task Force are Government Medical Officers’ Association President Dr. Anuruddha Padeniya, Retired Ministry…
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