In light of their current expansion strategy, State Bank of India Sri Lanka branch recently joined LankaPay Common ATM Network taking a leap towards enhancing customer convenience. With legacy since 1806 as Bank of Calcutta, State Bank of India came into existence in 1955. It is the largest bank in India with over 24,000 branches,…
The Ministry of Finance and Mass Media having considered the representations made by motor vehicle importers and manufacturers for a lead time to make required adjustments to comply with the proposed emission standards and safety measures, has decided to postpone the implementation of the budget proposal on introduction of emission standards and safety measures from…
The Sri Lanka Export Development Board (EDB) in collaboration with Asian Development Bank (ADB) and rubber sector stakeholders on Wednesday officially launched a Special Purpose Vehicle known as Lanka Rubber Global Consortium Pvt Ltd (LRGC). The motive of establishing SME clusters by way of formation of a (SPV) is to create local brands more competitive…
Reuters – Sri Lankan shares fell for a seventh straight session on Thursday and closed at their lowest in nearly three weeks, as foreign investors turned net sellers for the first time in 14 sessions while local players stayed on the sidelines. Foreign investors, who have been net buyers of 2.7 billion rupees worth shares…
The annual Lakshman Kadirgamar Memorial Lecture was held at the Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI), hosted by the Ministry of Foreign Affairs, Sri Lanka, on 15 January 2018. The lecture was delivered by Hon. Ravi Shankar Prasad, Minister for Law & Justice and Electronics & IT, India, on the theme…
The 21st meeting of the European Union-Sri Lanka Joint Commission took place in Colombo on 18 January 2018. The European Union-Sri Lanka Joint Commission oversees the 1995 EU-Sri Lanka Cooperation Agreement on Partnership and Development. Its tasks include ensuring the implementation of the Agreement; setting mutually agreed priorities; and making constructive recommendations. The Commission accordingly…
Due to numerous News Paper articles and other interested parties who have referred to the J.C. Weliamuna Report time and time again, this response is to put things into perspective, which we hope will clarify the position of the actions taken by the Board of Directors of SriLankan Airlines Limited. The then Minister of Ports,…
President Maithripala Sirisena held a high powered meeting on January 17 to examine the steps required for early implementation of the recommendations made by the Presidential Commission on Central Bank Bond and PRECIFAC reports. The Attorney General, Central Bank Governor, Commission to Investigation Allegations of Bribery or Corruption Director General and senior lawyers participated in…
Sri Lanka is reporting a surge in latest apparel exports-and so upbeat on apparel performance for Y2017, it even forecasts the overall returns for the year. “Our apparel revenues from January to November last year (2017) has exceeded Sri Lanka’s entire apparel exports for 2016 which was $ 4.3 billion” said the Minister of Industry…
The Asian Development Bank’s (ADB) Board of Directors has approved $75 million in additional financing to continue support toward the development of small and medium-sized enterprises (SMEs), considered vital for economic growth and job creation in Sri Lanka. “SMEs have the potential to reduce regional inequalities in Sri Lanka given that SMEs are more widespread…
Video Story
