by Xinhua writer Tang Lu Xinhua – On the golden artificial beach in Colombo’s Port City, the Sri Lankan Sanjeewa Alwis was earnestly “building” a sandcastle model similar to the financial center building that will be built in Port City. Noticing Alwis’ “masterpiece” on the beach, three Sri Lankan kids playing by the sea…
The Central Bank Governor has ordered all licensed banks in the country to sell 25% of converted US dollars to the CBSL on a weekly basis. It came as an amendment to the Operating Instructions on “Incentive Scheme on Inward Worker Remittances”, “Repatriation of Export Proceeds into Sri Lanka”, “Additional Incentive Scheme on Inward Workers’…
The new Securities and Exchange Commission of Sri Lanka (SEC) Act which came into force from 19th September 2021 contains provisions which enable the setting up of a Central Counterparty (CCP). Further, the need for setting up a CCP in order to enhance the efficiency of post trade risk management had been spoken of for…
The Embassy of Sri Lanka in Jakarta in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB) and the Indonesian Chamber of Commerce and Industry (KADIN) organized a tourism promotional webinar for Indonesian travel agents on 14 December, 2021. Indonesia, with a GDP of US$ 1 trillion, is the world’s fourth-most populous country with more…
The Silk Road Journal by Mahika Ming The word “Democracy” has united the two Greek words “demos (people)” and “kratos (rule), literary symbolizing “people rule.” Democracy therefore, is linked to human rights or “people’s rights.” The Summit for Democracy was held on 9th and 10th of December 2021 in the USA. One main objective of…
Sri Lanka’s oldest finance company, Alliance Finance Company PLC (AFC), has received the second tranche of USD 5 Mn from the Dutch Entrepreneurial Development Bank (FMO) as part of a long-term financing facility of USD 10M to expand its growing portfolio of MSME business. AFC secured this USD 10 Million facility from the Dutch entrepreneurial…
A Joint Launch by Siriraj, NBTC and Huawei Office of The National Broadcasting and Telecommunications Commission (NBTC), Siriraj Hospital, and Huawei Technologies (Thailand) Co., Ltd. jointly launched the “Siriraj World Class 5G Smart Hospital”. This is the first and largest 5G smart hospital project in the ASEAN region. It will deliver a more efficient and…
The contemporary traveler has a limitless choice of destinations and experiences all competing for their time and money. The ability to communicate a destination’s many aspects is vital when appealing to an international audience. Unfortunately, this is something that had not happened in the past. In fact, the great tragedy is that Sri Lanka has…
Sri Lanka’s export in 2021 from rubber product sector has achieved US$ 1 Bn income and the Sri Lanka Export Development Board (EDB) intends to increase it to US$ 3 Bn by 2025. It is imperative to produce superior-quality rubber products in order to achieve this target. The EDB expects that the proposed dedicated industrial…
DFCC Bank, the premier commercial Bank in Sri Lanka, announced the landmark signing of a Memorandum of Understanding (MOU) with the National Chamber of Exporters (NCE) and will now act as one of the Chamber’s key strategic partners. Through this MOU, DFCC Bank extends the comprehensive array of end-to-end financial solutions to all members of…
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