With the outbreak of COVID-19, Sri Lanka’s tourism industry was one of the worst affected. A rapid assessment jointly undertaken by the United Nations Development Programme (UNDP) and the Sri Lanka Tourism Development Authority (SLTDA) found that women were disproportionately impacted during this period as 67% among those who lost their jobs were female workers. As such,…
South Asia Textiles Limited issuing a statement today (12) said that the company has suspended operations on 8 October 2020 as a precautionary measure against the Coronavirus ( COVID-19) pandemic. “As a BOI certified company operating in Sri Lanka since 2004, the South Asia Textiles Limited has complied and executed all the health and safety protocols…
Congratulates Watawala Plantations for becoming first cultivator in South Asia to be awarded RSPO certification Sri Lankan Companies cultivating oil palm or processing palm oil are committed to achieving certification of their sustainability practices, similar to the Roundtable on Sustainable Palm Oil (RSPO) certification obtained by Watawala Plantations PLC, the Palm Oil Industry Association (POIA)…
Sri Lanka’s gross official reserves were down by US$777.3 million to US$ 6,652.8 million in September 2020 from US$ 7,430.1 million in August 2020, latest Central Bank data showed. By the end of September, foreign currency reserves were 6,175.5 million dollars while the reserve position in the IMF was 67.4 million dollars. Reserves in Gold were 406.2 million and…
Workers’ remittances recorded a substantial growth in August 2020, strengthening the current account, the Central Bank said in its latest report. Workers’ remittances recorded a notable increase for the third consecutive month, recording a growth of 28.2% in August 2020, year-on-year, to US $ 664 million. This increase helped limit the cumulative decline in workers’ remittances…
The Beijing Swift – By Prof. Samitha Hettige © Only when the years grows cold do we see that the pine and cypress are the last to fade; only when we get into trouble do we know who our genuine friends are – Chinese Proverb. A high-level delegation headed by Chinese Communist Party-Political Bureau member…
Driven by the objective of providing an in-depth analysis of the compensation and salary related trends and insights of the Sri Lankan IT and BPM sector, the Sri Lanka Association for Software and Services Companies (SLASSCOM) recently launched its Compensation and Benefits Survey for the year 2020, in partnership with PwC Sri Lanka. Positioned and…
Post COVID-19 lockdown and a Post General Election 2020, most of Sri Lankans never thought or hardly imagined of a resurgence of the worst global pandemic in 21st century so far that has shaken the economies around the world. However it is now a reality that we have to accept that our nation is fighting…
An Agreement on Economic and Technical Cooperation between the Government of the People’s Republic of China and the Government of Democratic Socialist Republic of Sri Lanka, providing 600 million RMB yuan (LKR 16.5 billion/USD 90 million) in grant assistance, was signed by Wang Xiaotao, Chairman of China International Development Cooperation Agency (CIDCA) and S.R. Attygalle,…
Sri Lankan apparel manufacturer Brandix issuing another statement today (11) stated that they confirm with proof that all stipulated protocol was followed concerning Brandix employees and their families returning to Sri Lanka from India. The full statement issued by the company as follows: Brandix stands firm that it followed all quarantine protocols Certifications from authorities confirming adherence…
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