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S&P SL 20: Tokyo Cement, NDB & HNB exit while Lanka IOC, Watawala Plantation & Hela Apparel enter

Constituent Change in the S&P Sri Lanka 20 Index The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2022 midyear rebalance. The exclusion and inclusion as announced by S&P Dow Jones Indices, effective from 20th June 2022 (after the market…

(0)Comments | June 20, 2022 10:19 am

Exploring bilateral partnerships between Sri Lanka and the Philippines in Technical and Vocational Education

The Embassy of Sri Lanka in Manila together with the relevant stakeholders such as Colombo Plan Staff College (CPSC) in Manila, State Ministry of Skills Development and Vocational Education, Research and Innovations, Department of Technical Education and Training (DTET), Tertiary and Vocational Education Commission (TVEC), National Apprentice and Industrial Training Authority (NAITA) and Sri Lanka…

(0)Comments | June 20, 2022 9:48 am

Sri Lanka cooperates with Brazilian Travel Agencies to Promote Tourism

The Embassy of Sri Lanka in Brazil in collaboration with the Brazilian Association for Travel Agencies (ABAV- DF), organized an event to promote Sri Lanka as a destination for Brazilian and South American tourists, on 9th June 2022, at the Embassy premises in Brasilia. This is the first of its kind event organized by the…

(0)Comments | June 20, 2022 9:22 am

Kelani Valley Plantations’ Pedro Estate Tea graces the Queen’s Platinum Jubilee

Serving export-quality Ceylon Tea to the world Ceylon Tea from Kelani Valley Plantations’ (KVPL) Pedro Estate was on display at the occasion of the Queen of England’s Platinum Jubilee, marking a sixty-eight-year legacy and evolution of one of Sri Lanka’s most celebrated and significant global exports. The tea selected for the Platinum Jubilee was harvested…

(0)Comments | June 18, 2022 10:48 am

Sri Lanka should have gone to IMF sooner, says central bank governor

Sri Lanka could have avoided its current economic turmoil if it had gone to the International Monetary Fund (IMF) for a bailout sooner, the country’s central bank governor says. BBC – P Nandalal Weerasinghe told BBC Newsnight that the delay in seeking outside help was a mistake. The country has said it needs $5bn this…

(0)Comments | June 17, 2022 4:42 pm

Develop a specific 10 – year plan to bring about economic development in the country

COPA advises Department of External Resources The Committee on Public Accounts (COPA) directed the Department of External Resources to prepare a specific 10-year Economic Development Plan aimed at the economic development of the country. These instructions were given at the COPA met in Parliament recently (09) under the chairmanship of Hon. (Prof.) Tissa Vitharana. The…

(0)Comments | June 17, 2022 4:37 pm

A new software application helps the Sri Lanka Consulate General in Melbourne to deliver efficient services

The Consulate General of Sri Lanka in Melbourne has implemented a digital Consular Counter Management System to provide  efficient consular services to the large number of Sri Lankans in the Australian states of Victoria, South Australia and Tasmania. This “App” was launched to reduce the operational expenses of the Consulate General, falling in line with…

(0)Comments | June 17, 2022 2:26 pm

A new Bill to solve labor related concerns as soon as possible

The Industrial Disputes (Special Provisions) Bill, published in the Gazette dated 08th April 2022, was brought to the notice of the Ministerial Consultative Committee on Labour and Foreign Employment which met recently (10) under the chairmanship of Hon. Manusha Nanayakkara, Minister of Labour and Foreign Employment. At present, according to the Industrial Disputes Act, in…

(0)Comments | June 17, 2022 9:30 am

Battered by economic crisis, Sri Lankans seek passport to a better life

Reuters – R.M.R Lenora stood in a snaking queue outside Sri Lanka’s Immigration and Emigration Department headquarters for two days last week, hoping to get a passport and, with it, a chance to leave a country wilting under an economic crisis. A garment worker, 33-year-old Lenora decided to apply for a job as a maid…

(0)Comments | June 17, 2022 9:14 am

U.S. Announces $6 Million in Emergency Assistance to Respond to Sri Lanka’s Economic Crisis

The United States announced today that it will provide $6 million in emergency assistance to address the needs of marginalized and vulnerable communities impacted by Sri Lanka’s economic crisis. This new funding will also provide technical assistance to the Government of Sri Lanka as it implements economic and financial reform measures to stabilize the economy,…

(0)Comments | June 16, 2022 4:40 pm

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