The Central Bank of Sri Lanka is pleased to announce that His Excellency President Gotabaya Rajapaksa has re-appointed Dr P. Nandalal Weerasinghe as the Governor of the Central Bank of Sri Lanka for a further term of six years, with effect from 4th July 2022.
The IMF team had constructive and productive discussions with the authorities on economic policies and reforms to be supported by an IMF Extended Fund Facility (EFF) arrangement. Significant progress was made, and discussions will continue virtually towards reaching a staff-level agreement on the EFF arrangement in the near term. The objectives of the new IMF-supported…
SriLankan Airlines recently signed with World-Ticket and Deutsche Bahn for a Rail-Fly partnership to offer customers the convenience of booking their entire journey from and to any point in Germany through a single booking when they fly SriLankan. Passengers of SriLankan now have the choice of connecting between Frankfurt Airport and over 5,600 Deutsche Bahn…
Driving forward ambitious diversifications into coconut, fruits, vegetables and spices Innovating on agri-best practices, mechanisation, beekeeping, vermi-compost 650Kw of renewable energy capacity in mini-hydro and rooftop solar Targeting internal generation for 50% of energy needs by end 2022 Aiming at Carbon Neutral status by a minimum of 2030 For innovation to be impactful, it needs…
Bloomberg – Sri Lanka is due to conclude bailout negotiations with the International Monetary Fund Thursday, just as South Asian peer Pakistan resumes talks with the multilateral lender. Both nations are running out of dollars and need the IMF to either step up with cash or provide comfort to other potential creditors. Pakistan, which needs…
DIMO, a leading diversified conglomerate in Sri Lanka, together with Tata Motors Limited, launched its first batch of locally assembled DIMO Batta HT2 trucks. Marking a significant milestone in Sri Lanka’s automotive industry, DIMO is proud to introduce the first ever small commercial vehicle assembled in Sri Lanka. Produced at the DIMO Vehicle Assembly Plant…
USD 45 million apartment project partners LIWE Communities for smart living solution LIWE Communities to service approx 400 residents at 447 Luna Tower, Colombo 2 LIWE Communities – Sri Lanka’s first comprehensive cloud-based smart communities management platform recently announced their service partnership with Belluna Lanka – Developers of the 447 Luna Tower, to provide its…
Imposition/Collection of Administrative Penalties by the Financial Intelligence Unit (FIU) to Enforce Compliance on Financial Institutions during the Fourth Quarter of 2021 By virtue of the powers vested under Section 19 (1) read together with section 19 (2) of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), financial penalties are imposed on Institutions…
Minister of Tourism Harin Fernando who was in London recently met the UK travel industry on 16 June 2022 at the High Commission of Sri Lanka. The promotional event which was organised by the High Commission of Sri Lanka in collaboration with the Sri Lanka Tourism Promotional Bureau, was timely in the backdrop of the…
High Commissioner of Sri Lanka to India Milinda Moragoda met with the Minister of Petroleum and Natural Gas and Housing and Urban Affairs of India Hardeep Singh Purito discuss urgent matters pertaining to bilateral energy cooperation. The meeting was held on 27 June at the Ministry of Housing & Urban Affairs in New Delhi. High…
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