The COPE has revealed that 35 university lecturers who went abroad on study leave at the University of Moratuwa alone were found to be in arrears of Rs. 51,649,961 as at 31 December 2021 due to breach of contract and bonds. It was also revealed that the amount due from 16 lecturers who had breached…
The Foreign, Commonwealth & Development Office has relaxed its advice for visiting Sri Lanka and no longer warns against all but essential travel. Last month, the FCDO said people should only travel to the Indian Ocean destination for essential purposes due to the “ongoing political and economic instability”, which has seen prime minister Mahinda Rajapaksa…
The Information and Communication Technology Agency (ICTA), announces the launch of the Fuel Information Management System to provide greater efficiency in fuel Distribution Island-wide. The initiative is a collaboration between ICTA, Ceylon Petroleum Corporation, and the Ministry of Power and Energy. The fuel information management system will provide the public with visibility about the fuel…
Sunshine Holdings (CSE: SUN) announced the appointment of Sivakrishnarajah Renganathan (S. Renganathan) to the Company’s Board as an Independent Non-Executive Director with effect from 27th May, 2022. With the new appointment, the Board of Sunshine Holdings will be comprised of 11 Directors, eight of which are non-executive, independent directors. With a rich tenure of 41…
A benchmark to city development Sri Lanka’s most comprehensive development regulations – the Development Control Regulations (DCR) – introduced by Port City Colombo, was gazetted recently and is now being enforced. An awareness program on the DCR conducted by the Colombo Port City Economic Commission was held at Port City Colombo, Thursday (09). The DCR…
Reuters – An International Monetary Fund (IMF) delegation will visit Sri Lanka on June 20 for talks as the country looks for a loan programme from the lender to deal with its worst economic crisis in seven decades, the prime minister’s office said on Friday. Prime Minister Ranil Wickremesinghe “was hopeful that a staff-level agreement…
The debilitating crisis in Sri Lanka has left nearly half of the children in the country in need of some form of humanitarian assistance. The UN has launched an appeal to address the urgent needs of the most vulnerable population within the next four months. To scale up response to the rising needs of children…
Bloomberg – The Philippine Stock Exchange Inc will permanently close its trading floor after the pandemic hastened its migration to “floorless trading” amid a digital shift that’s changing the operations of capital markets. The ruckus of a trading floor at one of Asia’s oldest bourses, which goes back to 1927, will give way to a…
At the invitation of the Minister for Foreign Affairs of Singapore, Dr. Vivian Balakrishnan, Minister Foreign Affairs Prof. G. L. Peiris undertook an official visit to Singapore from 8-9 June, 2022. An official visit of a Foreign Minister of Sri Lanka to Singapore is taking place after four years. During the visit, a bilateral meeting was…
Extends banking facility and network partnership to Sri Lanka’s first electric smart bicycle Reiterating its mandate to be an ‘enabling partner’ in the growth of all its stakeholders, Seylan Bank, the Bank with a Heart, initiated a partnership with Rhoda Life Private Limited, the designer and manufacturer of Sri Lanka’s first electric smart bicycle. The…
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