The Ambassador of the Republic of Korea to Sri Lanka Santhush Woonjin Jeong paid a courtesy call on the newly appointed Foreign Minister Prof. G.L. Peiris on Tuesday, 24 August, 2021 at the Foreign Ministry. The Ambassador Woonjin extended sincere felicitations to the Foreign Minister on his new role and reiterated his country’s commitment to…
Emirates has announced the resumption of its Colombo – Male service starting 1 September. The daily service between the two cities will be an extension of its Dubai-Male flight EK652 to Colombo, with the return flight EK653 operating from Colombo to Dubai via Male. Emirates flight EK652 will depart Dubai at 09:45hrs daily, arrive in…
Attracting investor attention since it was first announced, SDB bank concluded its Secondary Public Offering (SPO) with a successful oversubscription of the initial issue of Rs. 3.5 billion. This achievement rides on the bank’s previous record-setting as Sri Lanka’s first Colombo Stock Exchange-listed entity to host and complete a rights issue digitally, with an oversubscription….
Washington, DC: Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) made the following statement yesterday (23): “The largest allocation of Special Drawing Rights (SDRs) in history—about US$650 billion—comes into effect today. The allocation is a significant shot in the arm for the world and, if used wisely, a unique opportunity to combat this…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100), increased to 6.8 percent in July 2021 from 6.1 per cent in June 2021. This was driven by the monthly increases of prices of items in both Food and Non-food categories. Accordingly, Food inflation (Y-o-Y) increased to 11.0…
Sri Lanka Export Development Board (EDB) is planning to hold the 24rh Presidential Export Awards Ceremony for the financial years 2019/20 and 2020/21 on 3rd December 2021 at the Bandaranaike Memorial International Conference Hall (BMICH) under the patronage of His Excellency the President, Gotabaya Rajapaksa. Chairman & Chief Executive of EDB, Mr. Suresh De Mel…
The Ceylon Chamber of Commerce in collaboration with the Australian Government-funded Market Development Facility (MDF) will host a series of events titled, ‘The Business Case for Climate Change Adaptation for Agribusinesses,’ to increase awareness of local agribusinesses on the risks posed by climate change to their business models. The kick-off event of the series, ‘Experience…
The concerns being expressed about worker safety in the apparel industry are understandable and are shared by The Joint Apparel Association Forum (JAAF) and its membership. The entire apparel industry is doing everything in its power to address these concerns by working in close consultation with the Ministry of Health (MOH) and other public authorities, in order…
The Commercial Bank of Ceylon has announced a partnership with DirectPay, one of the fastest-growing fintech start-ups in Sri Lanka, to provide Internet Payment Gateway (IPG) support and operate as the acquiring bank for the cashless payment solutions the latter develops for clients. With this partnership with Commercial Bank, DirectPay aims to expand its suite…
Given the nationwide lockdown in effect from 10 p.m. Friday (20 August, 2021) until 4.00 a.m. on 30 August, 2021, the Consular Affairs Division of the Foreign Ministry limits its services to those in urgent/genuine need during this period. Accordingly, the Consular Affairs Division situated at the Ceylinco Building in Colombo will remain closed for visitors during…
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