A shortage of a cash bundle worth Rs 5 million (Rs 5000 denomination) was discovered in a Vault of the Central Bank during the currency operations on 11.04.2023. An internal probe into the matter was commenced immediately, while a complaint was also lodged at the Fort Police Station. The police investigation is in progress. The…
In addition to smouldering financial instability in Europe and the United States, the debt issue has become a flashpoint for the global economy. TOKYO – Debts held by emerging and developing countries are ballooning. In addition to smoldering financial instability in Europe and the United States, the debt issue has become a flashpoint for the global…
The hallmark of the FDI destination is to create an investor-centric customer service design. The need for such a design will serve the multifaceted needs of investors. Further, it will lead the system to the next level amidst Industry 4.0. The application of AI, Machine Learning leads to big data analysis, and Cyber manufacturing with…
New UNICEF study reveals financial pressure and girls being out of school due to the COVID-19 pandemic drove many parents in South Asia to marry their daughters More than 100 government and civil society representatives from Afghanistan, Bangladesh, Bhutan, India, Nepal, Maldives, Pakistan and Sri Lanka, alongside experts and young people, called for renewed efforts…
The Sri Lanka – Canada Business Council (SLCBC) of The Ceylon Chamber of Commerce hosted an interactive evening with His Excellency Eric Walsh, High Commissioner of Canada to Sri Lanka and Maldives. Organized in collaboration with the High Commission of Canada to Sri Lanka and Maldives, the event was attended by senior officials of the…
Link Natural, a subsidiary of the CIC Group, has partnered SriLankan Airlines, the national carrier, to introduce Link Samahan, a trusted herbal drink, as an onboard beverage choice. Link Natural is a leading manufacturer and marketer of herbal healthcare and herbal personal care products in addition to ayurveda pharmaceuticals. Its flagship brand, Link Samahan, is…
New Delhi: At a time when political parties are sparring over its expansion in poll-bound Karnataka, Gujarat-based dairy giant Amul is likely to set up its first international plant in Sri Lanka. This comes four months after Sri Lanka sought assistance from the Indian government in setting up a sustainable dairy cooperative. A team of senior…
Institutions including the Sri Lankan Airlines Limited, Land Reforms Commission, and University Grants Commission have been scheduled to be summoned before the Committee on Public Enterprises during the coming Sitting week. Accordingly, Sri Lanka Export Credit Insurance Corporation have been summoned before COPE on the April 25th. On the 26th, the Land Reforms Commission have…
Bloomberg – ECONOMISTS sharply cut Sri Lanka’s growth outlook for the rest of the year as curbs on imports and still-limited reserves persist, even as the International Monetary Fund (IMF) releases bailout loans and the authorities work towards debt-restructuring efforts. The economic contraction is predicted to more than double from 4.4 per cent to 9.9…
The Sri Lanka Tourism Development Authority (SLTDA) has stated that it expects a total of 400,000 tourists to have arrived for 2023 by 20 April. SLTDA Chairman Priyantha Fernando explained that as of 16 April, 55,000 tourists were seen entering the island for the month of April alone. “Thus, we are hopeful that we will…
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