Speaker Hon. Mahinda Yapa Abeywardena announced to Parliament today (21) that he endorsed the certificate yesterday (20) on the Social Security Contribution Levy Bill. This bill was passed by majority vote in Parliament on 08th September. Budget 2022 introduced the Social Security Contribution Levy as a measure to raise government revenue and rebuild the economy…
UN resident coordinator in SL recently appealed to SL’s friends to donate food, medicine etc. to help SL face the crisis (Ref. Media). There is much discussion on paddy prices and sufficient rice stocks in the coming months. There were also concerns about chemicals mixed with the imported rice. However relevant officials denied those allegations….
With great crises comes even greater opportunity for growth, as witnessed in Sri Lanka over the last two months alone. As the country cautiously emerges from the crippling fuel crisis of July, many attribute the quick adoption of the National Fuel Pass QR code system for bringing ease to the situation. In a landmark move…
The need for Sri Lanka to focus more strongly on developing and liberalizing international trade in order to embark on a positive path to recovery, was expressed by the High Commissioners for Australia and New Zealand to Sri Lanka, at the 24th Annual General Meeting of the Sri Lanka Australia New Zealand Business Council (SLANZBC)…
Reuters – India said on Tuesday it would keep supporting Sri Lanka, mainly through long-term investments, after giving nearly $4 billion of financial help this year as its neighbour faced its worst economic crisis in more than seven decades. Reuters reported last week citing sources that India did not plan to provide fresh financial support…
On the heels of the interim budget speech and a Staff Level agreement on an Extended Fund Facility with the IMF, the Ceylon Chamber of Commerce hosted a virtual session on the 01st of September 2022 to discuss, ‘How can Sri Lanka compete for investment amidst turbulence times: Economic growth vs Fiscal consolidation’. Joining the…
Dialog Axiata Group, the largest Foreign Direct Investor (FDI) operating under the aegis of the Board of Investment of Sri Lanka (BOI), announced the entering into of two supplementary agreements with the BOI for the investment of an additional sum of USD 152.4 Mn (LKR 56.7 Bn) in Sri Lanka’s Telecommunications and ICT Infrastructure on…
The Ministry of Foreign Affairs wishes to inform the General Public that the computer system breakdown, experienced in the Attestation & Verification unit of the Consular Affairs Division of the Ministry of Foreign Affairs and its Regional Offices in Jaffna, Trincomalee, Kandy, Kurunegala, & Matara has been resolved and the Attestation & Verification service will…
AIA Sri Lanka has announced the appointment of Tan Hak Leh as the new Chairman of the Board of Directors (BOD) with effect from July 2022. Tan Hak Leh is the Regional Chief Executive of AIA Group Limited with responsibility for the business operations in Thailand, Singapore, Brunei, Malaysia, Cambodia, Myanmar, Vietnam and now, Sri…
HUAWEI CONNECT 2022, Huawei’s 7th annual flagship event for the global ICT industry, began today in Bangkok. The theme of this year’s event is “Unleash Digital,” gathering over 10,000 ICT industry leaders, experts, and partners from around the world to explore how to more effectively unleash digital productivity, promote the digital economy, and build up…
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