Seychelles Vice President Vincent Meriton on 30th January had left on a two-day visit to Sri Lanka, recent media reports from Seychelles highlights. Vice President Meriton is accompanied by Designated Minister, Mrs. Macsuzy Mondon, Director General of the Seychelles Coast Guard, Colonel Simon Dine, Special Advisor for the Seychelles Police Force, Ms. Sheryl Vengadasamy and…
Reuters – Sri Lanka has halted imports of Johnson & Johnson Baby Powder until the company proves its product is free from cancer-causing asbestos, two government officials and the product’s local distributor told Reuters. Stocks of the product already in Sri Lanka can still be sold, but there will be no new imports of the…
Eminent lawyer and President’s Counsel Dr. Kanaganayagam Kanag-Isvaran, will deliver the 22nd Annual Oration on Taxation organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on 06th February 2019 at the CA Sri Lanka Auditorium on ‘The tax collector and the rights of the taxed’. At the oration, Dr. Kanag-Isvaran is…
Finlays Colombo Ltd. (Finlays) and Emergent Cold LP (Emergent Cold) had recently announced that they have signed a Sale and Purchase agreement for the transfer of Finlays’ temperature-controlled logistics business in Sri Lanka to Emergent Cold. Reports said that transaction was completed this week. Finlays Sri Lanka CEO and Country Head Gihan Jayasinghe had said…
Reuters – Sri Lanka’s rupee rose 0.9 percent on Wednesday on banks’ dollar sales from inward remittances, while foreign investors purchased short-term bills. Stocks ended weaker. ** The rupee closed at 179.30/60 per dollar, compared with Tuesday’s close of 180.90/179.15, market sources said. On Jan. 3, the rupee dropped to an all-time low of 183.00…
The Sri Lanka Association of Software and Services Companies (SLASSCOM) hosts the first-ever Robotic Process Automation (RPA) Conference and Hackathon Awards on 13th February 2019 at the Galle Face Hotel. Organized by the SLASSCOM Business Process Management (BPM) Forum, this event has already seen many companies submitting entries for the virtual hackathon. The IT/BPM industry…
Sri Lanka’s Telecommunication, Foreign Employment and Sports Minister Harin Fernando Monday (28) had told reporters that the country was now in the process of training workers to fulfill 10,000 vacancies in Japan and a number of European countries. Minister Fernando, defending the decision to impose a minimum wage for foreign employment, had told reporters that…
LKI’s Executive Director, Dr. Ganeshan Wignaraja, recently spoke on ‘Trade Liberalisation in Sri Lanka: Then and Now,’ at the Sri Lanka Economic Association (SLEA) 33rd Anniversary Annual Sessions, on 19 January 2019. In his presentation, Dr. Wignaraja noted that while the 1977 economic reforms allowed Sri Lanka to expand manufactured exports, particularly in ready-made garments,…
On the 28th of January 2019, the Ministry of Telecommunication, Foreign Employment and Sports launched the National Media Campaign on Safe Labour Migration at the Duncan White Auditorium of the Ministry. Implemented in collaboration with the Sri Lanka Bureau of Foreign Employment and supported by the Embassy of Switzerland in Sri Lanka, the campaign aims…
The lately released External Sector data of the Central Bank of Sri Lanka (CBSL) points out that the government securities market continued to experience a withdrawal of foreign investments recording a net outflow of US $ 162 million in November, resulting in a cumulative net outflow of US $ 802 million for the first eleven…
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