Op-Ed by Dr QU Dongyu, Director-General, Food and Agriculture Organization of the United Nations (FAO) We all know that we live in a changing world. In the vast area of Asia and the Pacific that change is most evident. Over the past 20 years, the economies of many nations in the region have been moving…
In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with the Excise Department of Sri Lanka on January 09, 2024 at the Central Bank of Sri Lanka (CBSL) to exchange information related to…
The Central Bank of Sri Lanka released the Monetary Policy Report – February 2024 today (15.02.2024) in keeping with the requirements of the Central Bank of Sri Lanka Act, No. 16 of 2023. The content of this Report is mainly based on information that was considered by the Monetary Policy Board of the Central Bank…
Sea container shipments surge by 32% – Minister of Ports, Shipping, and Aviation Nimal Siripala de Silva. Ports, Shipping, and Aviation Minister Nimal Siripala de Silva announced the signing of a direct air service agreement between Israel and Sri Lanka today (15). Speaking at a press briefing themed “Collective Path to a Stable Country” at…
120 cricketing legends from around the world drafted into seven teams Tournament to be played in Kandy over 14 days Bringing together cricketing legends from around the world for the first time to Sri Lanka, the Legends Cricket Trophy 2024 is slated to begin on March 8th at Pallekelle Stadium in Kandy. Played over fourteen…
United Nations Global Compact Network Sri Lanka (Network Sri Lanka), the country network of the world’s largest corporate sustainability initiative, recently launched a rousing call to action for corporate leaders of Participant companies and across the country: commit to ambitious sustainability targets and amplify Sri Lanka’s progress towards the Sustainable Development Goals (SDGs) through a…
Backed by its strong capital base, Sampath Bank continues to navigate adeptly through challenging times. The Bank demonstrated resilience and a commitment to prioritizing stakeholder interests in the face of challenging economic headwinds, thanks to its well-executed business strategies, increased vigilance, and proactive risk management measures. Despite the country showing signs of a broader economic…
The curtains have closed on OTM 2024, Asia’s largest and most influential travel trade show organized by Fairfest, leaving a lasting impression on the global travel and tourism industry. The three-day event held at the Jio World Convention Centre in Mumbai’s Bandra Kurla Complex, showcased the pinnacle of innovation and collaboration in the travel sector. Speaking at the valedictory function, the…
JICA Focuses on Debt Restructuring Alongside Project Resumption. Dr. Tanaka Akihiko, the President of Japan International Cooperation Agency (JICA), called on President Ranil Wickremesinghe, last evening (14). During the meeting, Dr. Akihiko expressed gratitude for President Wickremesinghe’s commitment to the economic reform program, acknowledging its challenging nature. In response, President Wickremesinghe emphasized his focus on…
Reuters – Japan unexpectedly slipped into a recession at the end of last year, losing its title as the world’s third-biggest economy to Germany and raising doubts about when the central bank would begin to exit its decade-long ultra-loose monetary policy. Some analysts are warning of another contraction in the current quarter as weak demand…
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