Sri Lanka’s Consumer Affairs Authority (CAA) hit more than 10000 raids in the first half (1H) of 2016 –and increased its fine collections by a strong 55%, latest data showed. According to the CAA data of July, raids conducted by the CAA teams from January to June this year totalled 10146 and is steady- showing…
Dr Indrajit Coomaraswamy was appointed as the Governor of the Central Bank of Sri Lanka by His Excellency the President of the Democratic Socialist Republic of Sri Lanka Maithripala Sirisena, according to the provisions of the Monetary Law Act No.58 of 1949. Accordingly, Dr. Coomaraswamy will function as the Chairman of the Monetary Board of…
Department of Immigration and Border Protection (DIBP) have released the new Skilled Occupations List (SOL) for 2016-17. Department of Immigration and Border Protection (DIBP) have released the new Skilled Occupations List (SOL) for 2016-17. This list will come into effect from 1st July, 2016. The Skilled Occupations List is used for 189 (Skilled Independent Visa),…
Urges All Stakeholders to Support Efforts to Restore Confidence in CBSL The Ceylon Chamber of Commerce warmly welcomes the appointment of Dr. Indrajit Coomaraswamy as the Governor of the Central Bank of Sri Lanka and extends to him its best wishes as he commences a 6 year term. Dr. Coomaraswamy, a much respected economist with…
As Sri Lanka’s third economic force reported total value close to $ 3 Bn, it is set to enter the next stage of development with a variety of support measures from the government –including a National Cooperative Act, a Coop policy and the third cooperative university in South Asia set up in Sri Lanka. “We…
Reuters – Some leaders of Bangladesh’s $26 billion garment industry expect Western fashion retailers to review their ties with the world’s second-largest garment exporter after 18 foreigners were killed in an attack on a Dhaka restaurant. Bangladesh, one of the world’s poorest countries, relies on garments for around 80 percent of its exports and for…
The external sector performance moderated with an expansion of the trade deficit in March 2016. Earnings from exports declined while imports reduced marginally during the month compared to the previous year. However, during the first quarter of 2016, the trade deficit contracted compared to the corresponding period of 2015 due to the reduction in imports…
Sri Lanka’s National ICT solutions provider, Sri Lanka Telecom PLC (SLT) is building international connectivity as a key aspect of its overall business strategy. SLT’s global coverage was significantly strengthened via multiple undersea optical fibre cable systems: SEA-ME-WE 5, SEA-ME-WE 4, SEA-ME-WE 3, Bharat-Lanka and Dhiraagu-SLT. Sri Lanka’s geographical location makes it a natural nexus…
Recognizing the importance of ever increasing tea market in the United States, Sri Lanka Embassy in Washington in collaboration with Sri Lanka Tea Board organized roadshows in New York and Washington to promote Ceylon Tea with special focus on Brand Promotions and distinguishing the difference in flavour, strength and aroma of the different agro climatic…
Sri Lankan President Maithripala Sirisena on Saturday said he has appointed former central banker Indrajith Coomaraswamy as the new central bank chief, moving to quell uncertainty after the previous governor declined to seek reappointment. “After consulting all parties relevant, I appointed Dr. Indrajit Coomaraswamy to head the Central Bank of Sri Lanka,” President Sirisena said…
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