Reuters – ** Sri Lanka’s rupee and shares closed firmer on Thursday, a day after the International Monetary Fund (IMF) said it would resume discussions with the island nation for further disbursal of part of a $1.5 billion loan. ** After a meeting with Sri Lanka’s Finance Minister Mangala Samaraweera, the global lender said the…
The second stage of South Asia’s most sophisticated, national scale electronic company registration will commence when Sri Lanka’s Company Registrar activates it on Monday 21. “I commend the Registrar of Companies for completing the second stage of hi-tech registration system on time just as we promised in April 2018. My effort is to support PM…
The Carbon Tax, which came into effect from January this year, is applicable to all vehicles and the registered owners of every motor vehicle specified in the Act will have to pay this levy. Only the electric vehicles are exempted from the Carbon Tax, but all other vehicles including the State owned vehicles are liable…
Sri Lanka’s President Mr. Maithripala Sirisena made his first visit to the Asian Development Bank (ADB) headquarters today while conducting a state visit to the Philippines and met with ADB President Mr. Takehiko Nakao. During the visit, Mr. Sirisena and Mr. Nakao discussed development challenges faced by Sri Lanka and ADB’s role in helping address…
A recent report written by N. Krishnamurthy from India’s famous Cricket news site cricketage.in reveals that Sri Lanka’s high profile Cricket Coach – Chandika Hathurusingha has charged Sri Lankan Cricket Board (SLC) a whopping US $ 60,000 or over Sri Lankan Rs. 11 million for his annual statistical and assessment report on the national team. The…
Says company intends to spend US $ 100 Bn for R&D in total for next 5 years Ren Zhengfei, CEO and founder of Huawei, recently said that 2019 could be a difficult year for Huawei, and however the company, is targeting US $ 125 billion in revenue for the whole year. Huawei has not released…
The Central Bank of Sri Lanka (CBSL) subscribed to Treasury bills (T-bills) amounting to Rs. 90 billion in January 2019 at the request of the Treasury to assist financing needs of the government due to the delay in receiving expected foreign currency financing arrangements as envisaged in the Treasury’s cash flow for the month of January 2019. The Monetary…
Reuters – ** Sri Lanka’s rupee closed slightly weaker on Wednesday in thin trade due to light dollar demand from banks and importers, while worries over political uncertainty and fiscal slippage weighed on investor sentiment. ** The International Monetary Fund (IMF) will resume discussions with Sri Lanka in February for further disbursal of part of…
Global benchmark for airline operational management and control systems The International Air Travel Association (IATA) has renewed the IATA Operational Safety Audit (IOSA) registry of SriLankan Airlines for a further two year period up to 4th December 2020. IOSA is the global airline industry’s benchmark for an airline’s operational management and control systems. SriLankan Airlines…
This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. STATUS OF JOB PROSPECTS OR BUSINESS PERFORMANCE Analysis of…
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