‘Sri Lanka 2030: A Developed Nation,’ a strategic plan for sustainable development of the Sri Lankan economy, written by business tycoon Dhammika Perera, Chairman of Vallibel One PLC, was launched on Tuesday (24) at the auditorium of Sri Lanka Institute of Tourism and Hotel Management. Perera, used a public sector forum titled “Changing Role of the…
One of world’s most dynamic SME and MSME collectives has come forward to support Sri Lankan MSMEs to fulfil its long cherished dream of going global. The offer, made to Lankan SMEs for the first time in its history, also includes free marketing and tech know-how assistance for Lankan SMEs. “Our Prime Minister HE Narendra…
Russian export to Sri Lanka increased by 24% in 2018 Trade tops US $ 400 million Sri Lanka – Russia Business Council (SLRBC) of The Ceylon Chamber of Commerce held its 16th Annual General Meeting recently at the Russian Cultural Center. H. E. Yuri Borisovich Materiy, the Ambassador of the Russian Federation in Sri Lanka,…
We welcome the authorities’ commitment to fiscal discipline and institutional reforms to anchor debt sustainability, while providing space to support the ongoing recovery and social goals. The new Central Bank Act will be a landmark reform in the roadmap towards flexible inflation targeting, strengthening the Central Bank of Sri Lanka’s mandate, governance, accountability, and transparency,…
Over the past eleven months, the Central Bank of Sri Lanka has taken a number of monetary and regulatory policy measures to induce a reduction in market lending rates. These measures include the reduction of the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis…
World famous CNN correspondent Richard Quest instructed Sri Lanka not to waste a crisis. With regard to the Easter Sunday tragedy Quest’s message was, “Never waste a crisis,” which is a modified version of the famous saying ‘Never waste a good crisis’ from former UK Prime Minister Sir Winston Churchill. Quest made this remark while…
Cargills Bank Ltd. announced the appointment of Mr. Ranjit Page as the Chairman of the Bank with effect from 19thSeptember 2019. Mr. Louis Page, the founder Chairman of the Bank, retires on reaching 70 years of age in line with CBSL regulations. The incoming Chairman, Mr. Ranjit Page played a pivotal role in the Cargills,…
SriLankan Engineering, the aircraft Maintenance-Repair-Organisation (MRO) of SriLankan Airlines, welcomed a new airline customer – Air Seychelles – for which it carried out an ‘A-check’ on an Airbus A320 aircraft in its specialized A320/A321 hangar at the National Carrier’s main hub at Bandaranaike International Airport. SriLankan Engineering has positioned itself as an emerging MRO in…
John Keells Holdings PLC Chairman Krishan Balendra is confident that Sri Lanka will meet a target to host a total of 5 million foreign tourists by 2025. Speaking during the panel discussion, at the Cinnamon Future of Tourism Summit 2019 in Colombo yesterday (23) Balendra noted that Sri Lanka had managed to recover from the…
The Government has decided to declare a grace period for the motor vehicles imported during the period of January 2015 to November 2017 and pending the Customs clearance at the Hambantota Port subject to fulfilling following criteria. Said motor vehicles imported by an importer / individual based on the Letter(s) of Credit established on his…
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