Mr Nimesh Herath assumed duties as the Chairman of the Urban Development Authority (UDA) on 04th August 2022. The Urban Development Authority is committed to achieving a planned, sustained and adored urbanization in Sri Lanka with the mission to promote integrated planning and implementation for the economic, social, environmental and physical development of the declared…
Aimed at enhancing the Ease of Doing Business and accelerating digital transformation, the Board of Investment (BOI), the pinnacle body for investment promotion, is pleased to announce the completion of the integration of the visa recommendation system in coordination with the Department of Immigration and Emigration and the Ministry of Defence to provide online visa…
Applications for Chevening Scholarships to study in the UK are open between 2 August and 1 November 2022, with applications to be submitted via chevening.org/apply Chevening Scholarships support a one year fully funded taught Master’s degrees in the UK’s prestigious universities for individuals with demonstrable potential to become future leaders, decision-makers, and opinion formers. Chevening…
SriLankan Airlines hereby clarifies and places on record the following with regard to the video content created by a passenger which is widely shared on social media platforms at the moment. The Airline categorically denies the assertion on the unavailability of meals in the Business Class and cites this as a deliberate misrepresentation of facts…
New features are aimed at providing viewers with more ways to discover new content and customize their viewing experience Popular short-video platform TikTok has recently announced the launch of several new features aimed at providing viewers with more ways to discover new content and tailor their viewing experience to their personal preferences. The new features…
Repo rate raised by 50 basis points to 5.40% on Friday RBI sees current account gap within sustainable limits (Bloomberg) – India’s central bank delivered its third straight interest-rate increase since May in an effort to return inflation to target and fend off further attacks on the currency. Bond yields and the rupee rose. The…
MAS increases its investment in the supply chain and re-affirms confidence in Sri Lanka MAS Holdings launched a new venture by acquiring the assets of BAM Knitting (Pvt) Ltd., a leading fabric manufacturing and finishing operation in Sri Lanka. MAS Holdings takes the majority stake in the new venture, with BAM Knitting as its joint…
(Reuters) – Sri Lanka is in a moment of challenge and crisis but has an opportunity to create a more democratic and inclusive government, U.S. Secretary of State Antony Blinken said on Thursday. Blinken made the remarks in Cambodia at the start of a meeting with his Sri Lankan counterpart Ali Sabry, who said his…
Back then, Thailand’s devaluation led to a global market collapse. A sequel might be in the works. Bloomberg – Pakistan is scrambling for a bailout to avert a debt default as its currency plummets. Bangladesh has sought a preemptive loan from the International Monetary Fund. Sri Lanka has defaulted on its sovereign debt and its government has collapsed. Even India…
Colombo Port City Economic Commission 2nd Biannual Progress Report This report covers the activities of the Colombo Port City project from January to June 2022, shared by the Colombo Port City Economic Commission (CPCEC/Commission). Development Control Regulations (DCR) for the entire project were gazetted in April 2022 and an awareness program on them was conducted…
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