Reuters – An International Monetary Fund (IMF) team began bailout talks in Sri Lanka on Monday, with police called to escort a top government official to the negotiations after protesters angry about the economic crisis blockaded the finance ministry. Economic mismanagement and the COVID-19 pandemic have left Sri Lanka battling its worst financial problems in…
By Prof. Samitha Hettige A person less than 18 is considered a child (UN convention on the rights of the child). Children of one small pre-school in China donated their day’s pocket money (approx 5 million SL rupees) to help SL children suffering in the crisis. Those Chinese children may be too small to know…
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…
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…
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…
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…
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…
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…
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…
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…
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