Recent Cabinet decisions outlined that the Department of Census and Statistics (DCS) has planned to conduct the next census of population held once in 10 years, in the year 2021. As such, the proposal made by Ranil Wickremasinghe, the Prime Minister in his capacity as the Minister of National Policies and Economic Affairs, to conduct…
Reuters – ** The Sri Lankan rupee ended weaker on Wednesday as banks and importers bought the U.S. dollar while stocks edged lower to end near a five-year closing low. ** The Central Bank on Wednesday said it has secured a 1 billion dollar eight-years loan from China Development Bank. ** The rupee ended at…
Sri Lanka will not allow any sudden hike in domestic LPG gas prices right away-even if the global crude rates continue to gallop. “Your support to the government and Sri Lankans right now is very important. Our priority is to safeguard the consumers” stressed the Minister of Industry and Commerce Rishad Bathiudeen on 18 October…
Reuters – The Sri Lankan rupee ended weaker on Wednesday as banks and importers bought the U.S. dollar while stocks edged lower to end near a five-year closing low. The Central Bank on Wednesday said it has secured a 1 billion dollar eight-years loan from China Development Bank. The rupee ended at 171.00/15 per dollar,…
The Government of Sri Lanka invited to submit proposals from international and domestic banks and investment houses for a Foreign Currency Term Financing Facility (FCTFF) denominated in United State Dollar (USD) or Japanese Yen (JPY) or Euro or of their combination up to a limit of USD 1,000 million in March 2018. Accordingly, four proposals…
Western Union, a leader in cross-border, cross-currency money movement and Sampath Bank, one of Sri Lanka’s leading private commercial banks, have joined forces to provide customers, nation-wide access to international money transfers in minutes[1] from more than 200 countries and territories. Sampath Bank’s 229 branches across the island now offer Western Union® Money Transfer, providing…
A pioneering Entrepreneurship Education (EE) series by UNESCO that successfully concluded in Colombo on 12 October has elevated Sri Lanka as the new Chair of prestigious UNESCO-APEID EE series, making it the first South Asian country to clinch this Chair. More importantly, a landmark international declaration –seen also as a historic first for Sri Lanka’s…
Australia’s skilled migration program is designed to fill the skill gaps to meet the country’s economic needs. However,shortages in some skills continue to persist. SBS – Australia has one of the biggest immigration programs in the world with 190,000 places kept every year for permanent migrants. A large part of the program- nearly 70…
Reuters – The Sri Lankan rupee ended 0.2 percent weaker on Tuesday as banks and importers bought the dollar while stocks ended a five-session losing streak, pulling away from previous session’s near five-year closing low. The rupee ended at 170.90/171.10 per dollar, compared with its previous close of 170.60/75. The rupee had fallen to an…
Considering the challenges that Sri Lanka is currently faced with due to global uncertainty, the President instructs the Ministry of Finance to study the current imports and submit a report on goods of which the imports can be temporarily restricted. President made these remarks at the 20th session of the National Economic Council, which was…
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