Earlier today, Mahinda Siriwardena, the Secretary to the Ministry of Finance, and MIZUKOSHI Hideaki, the Ambassador of Japan, signed an Exchange of Notes to secure a humanitarian grant of USD 46 million. The purpose of the grant is to provide diesel fuel to public hospitals throughout Sri Lanka. The signing ceremony took place at the…
During an event held this morning (22) at Royal College, Colombo, President Ranil Wickremesinghe urged all citizens, including politicians, professionals, teachers, those engaged in agriculture, the business community, and members of the security forces, police and civil servants, to work together to overcome the current economic crisis and promote reconciliation efforts. The event was held…
MOSCOW, Feb 22 (Reuters) – Trucks carrying Coca Cola roll across the border into Russia, tourists return from abroad laden with Zara’s latest designs, and local online marketplaces snap up IKEA’s furniture stocks. Western brands may have left the country, but their goods haven’t. Despite European, North American and Japanese companies exiting Russia over its…
Sri Lanka Tourism recently hosted two social media influencers from Tamil Nadu, India, namely Shivaani Mathesh and Vishwa Sakthivel, who arrived at the destination with the purpose of going on an all island bike tour, covering all 9 provinces of Sri Lanka. The event was titled ‘’1700 km bike ride’’ as they went on to…
Tata Tele Business Services has retained MTI Consulting for the second phase of their business strategy. “MTI Consulting has effectively concluded the first phase of our strategizing process based on MTI’s 8S ® model, working collaboratively with our management team. Now, in order to effectively execute the strategic initiatives arising from the strategic plan, we…
Irrespective of the economic meltdown with the gross domestic product (GDP) contracting by 11.8 per cent in 2022, the BOI enterprises have shown resilience and contributed to the national economy by generating a sum of USD 8.7 Billion through merchandise exports, pulling in 8 per cent of growth compared to the year 2021. Taking a…
Harnesses strength from versatile business strategy and investments in digital drive Total operating income up by 38% to LKR 43 Bn Impairment charges of LKR 29 Bn reflecting macro-economic stresses Continually enhanced cost to income ratio of 27% Twin affirmations as Best Bank in Sri Lanka 2022 by Global Finance USA and Euromoney National Development…
The Speaker Hon. Mahinda Yapa Abeywardana informed the House Tuesday (Feb. 21) that Members have been nominated by the Committee of Selection to serve in the Committee on Banking and Financial Services. Members have been appointed in terms of the provisions of Standing Order 122 of the Parliament and the motion agreed to by Parliament…
The Colombo Stock Exchange (CSE) announces the amendment of Trading Rules on the Over the Counter (OTC) Platform, where Repurchase (REPO) transactions in Corporate Debt Securities would be permitted between two (2) eligible investors operating through the same Trading Participant. The amended rules have been approved by the Securities and Exchange Commission of Sri Lanka…
According to President Ranil Wickremesinghe, the current tax policy in Sri Lanka is not a normal tax policy, but rather a rescue operation. He warned that if this process is disrupted, Sri Lanka will not be able to join the International Monetary Fund (IMF) program and may lose the opportunity to do business with foreign…
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