Sri Lanka originally signed the swap deal available to SAARC countries in 2020 and repaid it in February 2021 after rolling it over once. NDTV – Sri Lanka on Friday said that its Central Bank will return to a $ 400 million foreign currency swap with the Reserve Bank of India as part of measures to…
As a part of Sri Lanka Tourism’s continuous International Promotions to ‘Keep the Sri Lankan Holiday Dream Alive’’, Destination Sri Lanka will be featured in one of the Top ‘Culinary Travel’’ YouTube Channels in the world- ‘‘Chopstick Travel’’ With the mission to popularize the Safe & Secure Bio Travel Bubble Process and rich tourism product…
Considering the difficulties faced by the borrowers of Licensed Finance Companies and Specialised Leasing Companies [hereinafter referred to as Non-Banking Financial Institutions (NBFIs)], due to the third wave of COVID- 19 pandemic, the Central Bank of Sri Lanka (CBSL) issued circular No. 06 of 2021 on concessions for COVID-19 affected businesses and individuals, requesting NBFIs…
The Sri Lanka Institute of Tourism and Hotel Management (SLITHM) has entered into a Memorandum of Understanding (MoU) with EHL Advisory Services Llp to conduct a gap analysis study in Sri Lanka with the aim to improve the quality of tourism education on par with global tourism education standards. Established in 1964, SLITHM is the…
The Ceylon Motor Traders Association (CMTA) has expressed its concerns on the decision the Government has taken to import 400 vehicles – including 227 luxury SUVs – to a value of Rs. 3.7 billion through the Bank of Ceylon. The Government reversed its earlier decision to cancel the order, citing the fact that the Letters…
The American people are providing $100,000 in immediate assistance to support response efforts to the MV X-Press Pearl ship fire. The MV X-Press Pearl has discharged plastic debris and chemical waste into the surrounding waters, endangering coastal resources and the livelihoods of nearby fishing communities. The assistance will deliver immediate support to families whose livelihoods were affected by this…
Fitch Ratings : The regulatory risk-based capital (RBC) ratios of non-life insurers in Sri Lanka will normalise in the medium term with the resumption of dividend pay-outs to shareholders and a likely moderation in earnings, Fitch Ratings says. RBC ratios of non-life insurers improved considerably in 2020 due to the low motor and medical insurance…
Business Traveller India – Marriott International is set to introduce the Courtyard by Marriott brand to Sri Lanka, this year. The hospitality giant has signed an agreement with Colombo City Centre Partners (Private) Limited, part of the Abans Group, for this 164-key hotel, expected to open in late 2021. Located in the heart of Colombo city…
Whilst commending the recently concluded ‘Sri Lanka Invest Forum 2021’, MTI Consulting has highlighted the need to diligently track and progress every single interest indicated and convert them to ‘bottom-line’ impact. “Sri Lanka’s initiative to hold this forum is very timely – given that nations and corporations around the world are trying to figures out…
Sri Lanka held Foreign Ministry Level Virtual Bilateral Consultations with the Federal Democratic Republic of Ethiopia on 09 June 2021. In keeping with the current policy of the Government, Foreign Minister Dinesh Gunawardena has attached priority to further strengthening ties with countries in the Africa Region. Bilateral Consultations between Sri Lanka and Ethiopia were held…
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