Reuters – Sri Lankan authorities formally presented on Tuesday a request for debt treatment in the first meeting of the official bilateral creditors committee, the Paris Club said in a statement. The committee, co-chaired by India, Japan and France, consists of 17 members and includes Paris Club creditors as well as other official bilateral creditors….
The BOI strongly condemns the recent incident which occurred at the Al Obaidani apparel factory at Katana. From the time of the incident, active communication has been established with respective law enforcement agencies to ensure the security and well-being of the Omani investors and factory premises. An impartial investigation is underway to inquire into the…
Batik Air – the full-service subsidiary of The Lion Air Group – continues its rapid expansion in international routes by opening new flights to Malaysia and Sri Lanka on Friday, 12 May 2023. Quoted in Kompas.com, Danang Mandala Prihantoro, stated on 01 May 2023: “Batik Air will connect Indonesia to Sri Lanka from 12 May 2023 flying seven times a…
SriLankan Airlines joined the Arabian Travel Mart (ATM) 2023, Middle East’s leading international travel and tourism event, from 1 – 4 May in Dubai, to boost tourism from the Middle East and North Africa. The ATM has been a mainstay on the SriLankan Airlines’ calendar as the event affords unparalleled opportunities to network with travel…
Reuters – China attended as an observer the first meeting of Sri Lanka’s creditor nations on Tuesday, offering policymakers some hope Beijing will become more engaged in talks to resolve debt woes of low- and middle-income countries across the world. The meeting, within a new framework launched in Washington D.C. in April that creditors hope…
Sri Lanka Tourism, as another effort of its promotional campaign organized a series of roadshows in China from 17th to 21 st April, in order to encourage more Chinese tourists to visit Sri Lanka as their top travel destination. The 3 roadshows were held in Beijing (17th April), Guangzhou (19th April) & Shanghai (21st April)…
Over 3.3 million applicants are eligible President Ranil Wickremesinghe has given directions for the initiation of “Aswesuma” welfare benefit payments, which are scheduled to commence from July 1st. The necessary gazette has been published in accordance with the authorities delegated to President Ranil Wickremesinghe as Minister of Finance, Economic Stabilization, and National Policy. Accordingly, these…
COLOMBO, May 9 (Reuters) – India has extended a $1 billion credit line for Sri Lanka by one year, a Sri Lankan official told Reuters on Tuesday, giving the crisis-hit country a backup funds to pay for essential imports. The credit line, part of about $4 billion in emergency assistance extended by India during the…
Imposition/ Collection of Administrative Penalties by the Financial Intelligence Unit (FIU) to Enforce Compliance on Financial Institutions from 17 November 2022 to 31 March 2023 By virtue of the powers vested under Section 19 (1) read together with section 19 (2) of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), financial penalties are…
According to the latest tourism statistics, Sri Lanka has seen an increasing number of tourist arrivals, marking 441,177 arrivals for the first quarter of the year. This is seen as a considerable change compared with last year’s tourist arrivals which was only 719,978 up to December 2022. As one of its key source markets, Sri…
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