The Chairman of the Committee on Public Enterprises (COPE) and Member of Parliament Hon. (Prof) Charitha Herath said that the Parliament will focus on taking special measures against officials who do not implement the recommendations and decisions made by COPE. He mentioned this at a special meeting of the Committee on Public Enterprises which was…
New Delhi seeks advance after Sri Lanka’s credit lines ran out Arrival of 4 Indian fuel cargoes awaiting payment confirmation Bloomberg – India is seeking payment in advance for supply of fuel to Sri Lanka after credit lines were exhausted, according to people with knowledge of the matter. The larger South Asian neighbor stopped supplying…
The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a further…
Bangladesh surpasses $ 50 billion mark in exports Colombo Port offers special berthing facilities to Bangladeshi vessels The Bangladesh High Commission to Sri Lanka organised in Colombo a stakeholders’ consultation forum on enhancing shipping connectivity between Chattogram and Colombo Ports on 29 June 2022 pursuant to observance of the First Economic Diplomacy Week. The event…
SriLankan Airlines and Kuwait Airways are pleased to announce the launch of a new codeshare partnership effective 20 June 2022, which provides enhanced connections and convenience to customers of both airlines. Each airline will place the other airline’s marketing code on its flights operated between Colombo and Kuwait with the alliance coming into effect. The…
Two cruise ships MV Arius and MV Gem, each with capacity to carry more than 800 passengers, are currently berthed at the Hambantota International Port (HIP) for month long layups. The ship crews will remain on board for the period. “Hambantota International Port provides the best facilities in the region for all kinds of vessels…
A vibrant marketplace for the digital economy Recognising the strategic value of leveraging disruptive technologies and harnessing service offerings from a diverse supplier base, SLT-MOBITEL, the National ICT Solutions Provider debuted ‘Traverse’, Sri Lanka’s first Virtual City at the ‘Wyawasaya-2022’ Trade and Educational Exhibition held recently. Fashioned as a city of the future, Traverse will function…
The Securities and Exchange Commission of Sri Lanka (SEC), the securities market regulator has prepared Rules pertaining to Market Institutions, Market Intermediaries and a Code for Collective Investment Schemes following the enactment of the new Securities and Exchange Commission Act No. 19 of 2021. These Rules which were made in terms of the powers vested…
The Embassy of Sri Lanka in Indonesia in collaboration with the Sri Lanka Tourism Promotion Bureau organized a Sri Lanka tourism promotion event on 24-25 June 2022 at the Bundaran HI MRT Station in Jakarta, the main hub in the Jakarta MRT ( Mass Rapid Transit) System, 9,842 people travel through this station every week day and 10,470…
By Prof. Samitha Hettige Leaders of the North Atlantic Treaty Organization (NATO) were in Madrid, Spain discussing challenges it faces in the new world order. Spain is famous for Bull fighting where a brave man uses a red cloth to confuse/annoy a bull. NATO seems to be like a confused bull running amok seeing the…
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