A public-private partnership that has been approved by the Sri Lanka government to carry out crew changes through an offshore crew transit hub (OCTH) positioned off the Port of Galle. Sri Lanka is one of the few countries that has already appointed a ‘National Focal Point on Crew Changes and Repatriation of Seafarers’ as invited…
Dispelling the politically motivated negative comments being perpetuated in the market that state banks are facing difficulties in conducting their international and Trade related banking activities, People’s Bank wishes to clarify that not a single Letter of Credit facility issued by the bank has been refused by any international bank to date. Issuing a statement,…
– 2020 market turnover highest since 2011 – Market Capitalization grown a trillion rupees since 12th May 2020 – Increasing interest among local youth a key feature The Sri Lankan stock market ended 2020 on a positive note today, marking a year in which the Colombo Stock Exchange (CSE) has seen indices indicate noteworthy…
The overall rate of inflation as measured by the Colombo Consumer Price Index (CCPI) on year-on-year (Y-o-Y) basis increased marginally to 4.2% in December 2020 from 4.1% in November 2020, the Department of Census and Statistics reported. The CCPI for all items for the month of December 2020 was 138.0 and it records an increase of…
The Central Bank of Sri Lanka (CBSL) has decided to issue an uncirculated commemorative coin in the denomination of Rupees 20 to mark its 70th anniversary. The Central Bank commenced operations in August 1950 and completed 70 years of its unique and valued contribution to the prosperity of Sri Lanka. The first coin was officially presented…
According to the daily exchange report of the Central Bank of Sri Lanka (CBSL), the current buying rate of the US Dollar today (31) stands at Rs. 184.12 and selling rate of the US dollar stands at Rs.189.18 This is the lowest buying and selling rate recorded for a US dollar since, December 16, 2019. The…
MTD Walkers PLC yesterday (30) announced that the Share Sale and Purchase Agreement (SSPA) signed between MTD Capital BHD and Lakma Holdings (Private) Limited has been terminated. In a stock exchange filing, the company stated that they have been informed by the majority shareholder MTD Capital BHD that the Share Sale and Purchase Agreement (SSPA)…
Pharmaceutical supply chains to become more agile & patient-centric SLCPI to continue advocating towards a sustainable pricing mechanism SLCPI calls for ethical practices in the pharmaceutical industry Digitisation and emerging technologies to impact pharmaceuticals The Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) reiterated their commitment towards ensuring the availability of efficacious, safe and good…
International arrivals fell by 72% over the first ten months of 2020, with restrictions on travel, low consumer confidence and a global struggle to contain the COVID-19 virus, all contributing to the worst year on record in the history of tourism. According to the latest tourism data from the World Tourism Organization (UNWTO), destinations welcomed 900 million…
Prof. Lalith Gamage has been appointed as the new Chairman of the Information & Communication Technology Agency of Sri Lanka (ICTA). He takes over from Jayantha De Silva, who will be leaving as the Secretary to the newly created Ministry of Technology. Prof. Gamage is scheduled to assume office on January 01, 2021. Professor Lalith Gamage was…
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