MANILA/TOKYO, Sept 27 (Reuters) – The Asian Development Bank (ADB) is ready to provide further financial support to Sri Lanka, a top official of the regional lender said on Tuesday, as the Indian Ocean nation battles its worst economic crisis in more than seven decades. The remarks came after an ADB pact this month for…
Today, the UK announced a £3 million humanitarian package for Sri Lanka, providing vital support to the most in need. British High Commissioner Sarah Hulton said that “This new package will provide multipurpose cash, livelihoods and other support to those most in need across the country including: pregnant and nursing mothers, children, low-income fisherman and…
Reiterating SLT-MOBITEL’s crucial role in connecting Sri Lanka to the world, the National ICT Solutions Provider recently hosted US Ambassador Julie Chung for a visit to South Asia’s First Submarine Cable Depot, located in Galle. SLT established Galle Submarine Cable Depot Pvt Ltd, a joint venture with Indian Ocean Cable Ship Pte Ltd which in…
Ready to invest in Sri Lanka again says Singapore PM President Ranil Wickremesinghe met with the Prime Minister of Singapore Lee Hsien Loong in Tokyo today (27). During the discussions President Wickremesinghe informed the Singaporean Prime Minister that an international trade office was being established in the President’s office. He also explained that his priority…
President Ranil Wickremesinghe held discussions with Japan’s Foreign Minister Yoshimasa Hayashi this morning in Tokyo. During the meeting, Foreign Minister Hayashi welcomed Sri Lanka’s progress with the IMF and expressed his country’s willingness to take a leading role in Sri Lanka’s creditor talks. President Wickremesinghe expressed regret over the breakdown of relations between Japan and…
The Institute of Chartered Corporate Secretaries of Sri Lanka (ICCSSL) partnered with the Colombo Stock Exchange (CSE) to promote the Company Secretaries’ Program, designed as a joint effort by both parties to achieve the objective of efficient functioning of Company Secretaries of listed entities, to ensure compliance with regulations and governance frameworks pertaining to market…
The recent increase in electricity tariffs has drawn opposition from some religious organisations. The increases were necessary because the prices charged to consumers were below cost leading to large deficits. Financing these energy subsidies through money printing contributed to the ongoing balance of payments crisis. Electricity tariffs reflect the relative scarcity of the resources used…
Better Work aims at strengthening resilience of the industry An opportunity to partner with local and international stakeholders The apex body of the apparel industry, the Joint Apparel Association Forum (JAAF) pledged absolute support to the ILO’s Better Work initiative demonstrating the industry’s deep commitment to prioritising people and their well-being. The ILO recently launched…
Initial routes on its Airbus A320-200 aircraft will be to Dubai, Male, Trichy Top aviation expert Peter Hill at its helm Low-cost airline FitsAir, promoted by Fits Aviation, a member of the Aberdeen Holdings group, takes off with commercial operations from 5th October. The privately-owned airline, operating A320-200 aircraft, opened bookings for its international flights,…
Sampath Bank partners with EDB and IDB in timely webinar series As Sri Lanka powers through its worst economic crisis in recent history, it’s now more important than ever for exporters to establish their footholds in the market. However, resources for entry-level exporters remain scarce. Recognising the changing and evolving needs of its loyal client…
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