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The EU and Sri Lanka hold informal counterterrorism dialogue

The European Union (EU) and Sri Lanka held on 15 July an informal counterterrorism dialogue, chaired on the EU side by EU Counterterrorism Coordinator Gilles De Kerchove, accompanied by EEAS Head of Division for Counterterrorism John Gatt-Rutter, and on the Sri Lankan side by Acting Secretary of Foreign Affairs, Ahmed A. Jawad. Mr de Kerchove…

(0)Comments | July 15, 2019 3:57 pm

Prime lending rate will be dropped to 10% by end July – PM

Sri Lanka’s Prime Minister Ranil Wickremesinghe yesterday  (14) stated that prime lending rates will fall to 10% by end July 2019. “Prime lending rate will come down from 12% to 10% by the end of this month and other types of lending rates will not exceed 12%. I have instructed banks to reduce the rate…

(0)Comments | July 15, 2019 12:47 pm

Sri Lanka keen on enhancing connectivity with Indian ports

The Hindu:The Sri Lanka Ports Authority (SLPA) is keen on enhancing connectivity with Indian ports using ferry services to facilitate easier trade and tourism, its chairman Kavan Ratnayaka said. “If the two countries can set up a ferry service connecting Kankesanthurai port (KKS) in Jaffna with Karaikal near Puducherry, and similarly between Colombo and Tuticorin…

(0)Comments | July 15, 2019 10:45 am

Trump reiterates commitment to expand counterterrorism, maritime, border security cooperation with Sri Lanka

Ambassador of Sri Lanka to the United States, E. Rodney M. Perera, presented his credentials to the President of the United States of America, Donald J. Trump, at the Oval Office of the White House on 08 July 2019. Ambassador Perera conveyed to President Trump the greetings and best wishes of the President, the Government…

(0)Comments | July 15, 2019 10:34 am

Colombo Considers Healthy Living – Vehicle Free Open Street Day Draws in Crowd

Colombo’s first ever open street concept day saw residents reclaiming their streets from Green Path to Independence Avenue on foot, bicycle, skateboard and rollerblades. Jointly organized by Colombo Municipal Council (CMC) and The Embassy of the Kingdom of the Netherlands, CarFreeCMB was initiated to offer people a chance to experience everyday Colombo through a different…

(0)Comments | July 15, 2019 10:09 am

China’s Sinopec sets up fuel oil unit in Sri Lanka

China Petroleum and Chemical Corp, known as Sinopec Corp, said on Monday it has set up a fuel oil company in Sri Lanka as it looks to supply fuel to ships along a major maritime route, the Reuters news agency reported. The new unit, called Fuel Oil Sri Lanka Co Ltd, has been registered in…

(0)Comments | July 15, 2019 9:50 am

Why Increasing Credit Card Interest Rates?

Commercial banks increased the annualized interest rate on credit cards up to 32%. This subject was raised by Ada Derana during the monetary policy review press conference of CBSL which was held yesterday (11). Responding to the question, the Governor of the Central Bank Dr. Indrajit Coomaraswamy expressed the following; “You have to separate unsecured products like…

(0)Comments | July 12, 2019 4:07 pm

Sri Lanka and Myanmar: Trade, investment, tourism and the future

The Sri Lanka – Greater Mekong Business Council (SLGMBC) of the Ceylon Chamber of Commerce, organized a successful Business Promotion Mission to Myanmar, recently.  The delegates met with the Ambassador of Sri Lanka in Myanmar and attended the Yangon Investment Forum organized by the Yangon Regional Government. The Council together with PricewaterhouseCoopers (PWC) Myanmar organized…

(0)Comments | July 12, 2019 3:26 pm

CBSL downgrades Sri Lanka’s growth to 3%

The Central Bank yesterday stated that Sri Lanka’s growth forecast for 2019 has been downgraded to 3% from 4% earlier in the year. “As you know, growth was projected to be 4% at the beginning of the year, and after the Easter bombings we have revised it down to about 3%. I’ve seen some projections…

(0)Comments | July 12, 2019 12:51 pm

Sri Lanka ranked World’s Best Island by Travel + Leisure

Sri Lanka has been ranked as the ‘World’s Best Island ‘at the influential Travel + Leisure magazine’s World’s Best Awards scheme, determined according to a readers’ survey. The publication ranked destinations and companies spanning more than 90 categories, including everything from the best city in the world to best domestic airline to best regional resort…

(0)Comments | July 12, 2019 11:26 am

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