(Reuters) – Sri Lanka plans to move ahead with the third review of its nearly $3 billion programme of support from the International Monetary Fund, the new government said on Thursday, as the island nation seeks to emerge from its worst financial crisis in decades. New president Anura Kumara Dissanayake, who was elected last week,…
The Central Bank of Sri Lanka (CBSL) wishes to announce the issuance of the Banking Act Directions No. 05 of 2024 on Corporate Governance for Licensed Banks on 30.09.2024. These Directions were issued with a view to strengthening the corporate governance processes and practices of the licensed commercial banks and licensed specialised banks (hereinafter referred…
Sri Lanka Tourism with its continuous promotional efforts with clearly defined strategy and objectives, achieved the previous full year arrivals within the 1st nine months of this year. In 2023 the total arrivals were 1,487,303. During the month of September 2024, a total number of 112,140 tourist arrivals were recorded which showed a 9% growth…
SeaLead Shipping, a rapidly growing global shipping line, officially inaugurated its new direct liner service in collaboration with the Sri Lanka Ports Authority (SLPA) Wednesday, October 2, 2024, at the Port of Colombo. This significant development enhances maritime connectivity between the Far East, India, and East Africa through the launch of the Far East India…
MillenniumIT ESP, leading Enterprise Solutions Provider in Sri Lanka, recently marked a significant milestone in its growth journey with the establishment of its Global Service Delivery Centre at Port City Colombo. This new centre, registered under the company’s subsidiary, Millennium IT ESP Singapore, will serve as the primary hub for delivering solutions to its growing…
Admiral Sirimevan Sarathchandra Ranasinghe (Rtd) aasumed duties today (10/03/2024) as the Chairman of Sri Lanka Ports Authority (SLPA). He was the Commander of the Navy from October 2017 to December 2018. Admiral Ranasinghe also served as the Secretary to Ministry of Ports and Shipping & Southern Development in 2019. He is an Anti-Submarine Warfare Specialist…
The shares of Digital Mobility Solutions Lanka Ltd (CODE: PKME-N-0000) commenced trading on the Colombo Stock Exchange (CSE) on 3rd October 2024. The shares are listed on the Main Board of the CSE under the ‘Passenger Ground Transportation’ sector. The occasion was marked with a special Bell Ringing Ceremony. The Company’s Offer for Sale of…
The Colombo Stock Exchange (CSE) has introduced key revisions to its Listing Rules to facilitate the listing of High Yield Corporate Debt Securities. Effective from September 19, 2024, these amendments were approved by the Securities and Exchange Commission of Sri Lanka. The revised rules aim to streamline the issuance process for corporate debt securities, ensuring…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, is pleased to announce the appointment of Mr. Vish Govindasamy to its Board as an Independent, Non-Executive Director, effective 1 October 2024. Mr. Govindasamy currently serves as an Executive, Non-Independent Director at both Sunshine Holdings PLC and Watawala Plantations PLC. At Sunshine Holdings PLC, he holds the…
Reuters – Italy will offer an extra 10,000 migrant work visas next year for people who look after old people and the disabled, the government said on Wednesday, as it adopted a new package of migration rules. Saddled with an ageing population and a sagging birth rate, Italy has long faced a shortage of caregivers, and charities…
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