State Minister of Money, Capital Markets and Public Enterprises Reform Ajith Nivard Cabraal yesterday (04) met with Chinese Ambassador to Sri Lanka Qi Zhenhong. In a Twitter message, the State Minister stated that matters related to investments, trade and tourism were discussed during the meeting. Had a very productive meeting with Chinese Ambassador to Sri…
The Committee on Public Enterprises (COPE) is scheduled to summon five government institutions in January, its chairman Prof. Charitha Herath stated. Accordingly, the Mahapola Higher Education Scholarship fund, the Ceylon Petroleum Corporation, and the Coconut Development Authority are to be summoned before the COPE. Prof. Charitha Herath further stated that arrangements have been made to…
The main index of the Colombo Stock Exchange, the All Share Price Index (ASPI) has got off to a strong start in its first trading session of 2021. The ASPI surged 120.76 points (or 0. 1.78%) to close at 6,894.98 and S&P SL20 Index of more liquid stocks gained 54.38 points (or 2.06%) to close…
The Central Bank of Sri Lanka (CBSL) will work closely with the Government in facilitating the establishment of the proposed National Development Banking Corporation (NDBC) by merging the State Mortgage and Investment Bank (SMIB), the Housing Development Finance Corporation (HDFC), and Pradeshiya Sanwardhana Bank (PSB), enabling a new era of development banking in Sri Lanka, Central Bank…
Sri Lanka’s economy will contract around 3.9% in 2020, Central Bank Governor Deshamanya Professor W D Lakshman said. “With observed developments in the fourth quarter, we expect the economy to record an annual contraction of around 3.9%,” Governor Lakshman said whilst delivering “the Road Map: Monetary and Financial Sector Policies for 2021 and Beyond.” Speaking further the…
A special British Airways flight (BA9110) carrying the England Cricket team arrived at Mattala Rajapaksa International Airport (MRIA) yesterday (03). “The arrival of British Airways to Mattala Rajapaksa International Airport yesterday is significant as it is the first instance the airline touched down at MRIA and thereby shows the strategic advantage of the airport and its capabilities,”…
Sri Lanka will shortly opt for currency swap deals with China and India in order to boost country’s foreign currency reserves. According to Finance Ministry sources, Sri Lanka would be receiving $ 1.5 billion from People’s Bank of China and $ 1 billion from India’s Reserve Bank. The intention of entering into swap agreements is…
Business sentiment continues its downward trajectory as the year draws to a close Following a gruelling nine months for business in general and tourism in particular, the authorities finally announced that Sri Lanka would resume selected international flights beginning from 26 December with a blueprint also being drawn up to revive the hard hit tourism…
Sri Lanka Telecom (SLT) and SLT Mobitel unveiled their unified brand identity on January 1, 2021 at SLT Headquarters forming a formidable force creating a lasting legacy as the national Information and Communications Technology (ICT) solutions leader. The historic unification of products and services were symbolically launched at the event that took place with the…
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…
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