Outages disrupted vast majority of services, but search remained largely unaffected Google has suffered a worldwide outage, with failures reported across the company’s services, including Gmail, Google Calendar and YouTube. Beginning at about 11.50am GMT, the outages appeared to have affected the vast majority of Google’s services, apart from search which operated largely unaffected. Despite the universal…
According to the latest external trade data released by the Central Bank, country’s trade deficit narrowed in October 2020, as a result of the decline in import expenditure outpacing the decline in export earnings. In October 2020, Sri Lanka’s external sector exhibited its resilience with the successful repayment of the matured International Sovereign Bond (ISB)…
Suresh de Mel, a well-known entrepreneur, assumed duties as the new Chairman of the Sri Lanka Export Development Board (EDB) yesterday (December 14). He succeeds the outgoing EDB Chairman Prabhash Subasinghe who ended his one-year tenure early this month. Speaking at the occasion, Suresh remarked that he was honoured and privileged to be appointed as…
An impressive line-up of leading global and local experts in policy, business and financial markets are set to join Sri Lanka’s leading independent investment banking and wealth management firm, Asia Securities, at their upcoming 4th Annual Sri Lanka Investment Conference to share their insights. Titled 2021: The Investors’ Dilemma, this year’s conference to be delivered…
Ambassador of Afghanistan Ashraf Haidari underscored the need for enhancing trade between Afghanistan and Sri Lanka and noted that the two parties should not wait for the pandemic to be over in order to focus on trade. Speaking exclusively to Indeewari Amuwatte at the ‘@HydePark’ program on Ada Derana 24, Haidari expressed the following. “…
Sri Lanka’s gross official reserves were down by US$ 306.4 million to US$ 5,549.3 million in November 2020 from US$ 5,855.7 million in October 2020, latest Central Bank data showed. By the end of November, foreign currency reserves were US $ 5,090.7 million whilst the reserve position in the IMF was US$ 68.4 million Reserves in Gold were…
The Central Bank of Sri Lanka ( CBSL ) has directed the licensed commercial banks and National Savings Bank to suspend the purchase of Sri Lanka International Sovereign Bonds (ISBs) for a period of six months unless such purchase is funded by new foreign currency inflows to such licensed banks sourced from abroad. The Central Bank stated…
Conference to explore post-COVID investment outlook for 2021 Top-notch Sri Lankan and international expert speakers, including Nobel prize winner Asia Securities, Sri Lanka’s leading independent investment banking and wealth management firm, will host its 4th Annual Sri Lanka Investment Conference over three days next week. Titled 2021: The Investors’ Dilemma, the event will explore the…
The National Carrier of Sri Lanka and a member of the oneworld alliance, SriLankan Airlines is set to increase the frequency of passenger flights from Colombo to Singapore from once a week to thrice a week, commencing 18th December 2020. In addition to this, SriLankan will also operate a weekly service between Kuala Lumpur and…
Following the announcement by S&P Global Ratings (S&P) downgrading Sri Lanka’s credit rating to “CCC+/C”, the Ministry of Finance issuing a statement stated that the Government is disappointed with the rating downgrade as it came at a time when the Parliament has just passed, with an overwhelming majority, the new Government’s first full-year Budget for 2021, which laid out a…
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