The Ceylon Chamber of Commerce is alarmed by the violent attacks on protestors outside Temple Trees and at Galle Face and calls upon the Government and the armed forces to take immediate action to prevent peaceful demonstrators being attacked. An impartial investigation should be carried out to identify those responsible and hold them accountable. Failure…
The Bangladesh Bank on Sunday extended the loan repayment tenure for crisis-stricken Sri Lanka by one year as the island nation is in default on its entire $ 51 billion foreign loans. The decision on the extension was made at a board meeting of the central bank held on Sunday, with its governor Fazle Kabir in…
In its standing as the National Body of Accountants, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on Thursday submitted a comprehensive set of proposals to the Ministry of Finance focusing on reviving the country’s economy from the ongoing crisis. A high-level delegation from CA Sri Lanka led by the Institute’s President…
Ms. Dinithi Ratnayake has been appointed as the new Chairperson of SDB bank, with effect from 29th April 2022, on the retirement of Mr. Lakshman Abeysekara on completion of his tenure. The Board of Directors and the Management express their sincere appreciation to Mr. Abeysekara for guiding SDB bank through some of the most challenging…
Environmental, social, and governance (ESG) and sustainability continue to rise to the fore for all businesses, with a more dominant position required from certain sectors such as the apparel Industry. This growing focus on ESG comes from a variety of stakeholders that include retail fashion stores, buyers and buying offices who expect an emphasis on…
Public Consultation on National Policy for Digital Transformation of Education open till 15th May 2022. Digital transformation is making a cogent impact in every sphere. One cannot neglect its influence on education. The effective use of emerging technologies in the education sector would facilitate the learners to expand their learning possibilities, in a manner that…
Disclaimer The management of Galadari hotel categorically denies the misinformation being circulated on social and other media, that the hotel has allegedly voiced criticism against the peoples’ protests that are taking place currently in Colombo. Whilst reiterating the said denial and without prejudice to same, by way of clarification, the management states that upon being…
Former minister Namal Rajapaksa says that economic decisions cannot be taken by politicians and that the incumbent government and the Finance Ministers had always acted on the advice given by certain officials. In an interview with the BBC, the MP parliamentarian was questioned about the huge tax relief given by the government as soon as…
The signing ceremony of the Joint Communiqué on establishing diplomatic elations between the Democratic Socialist Republic of Sri Lanka and the Democratic Republic of Timor-Leste was held Wednesday, 04 May 2022, at the Permanent Mission of Sri Lanka to the United Nations in New York. On behalf of the respective Governments, the Joint Communiqué was…
Findings from the latest bi-annual Export Barometer Survey indicate that exporters are losing confidence in the industry’s outlook, as firms face mounting challenges posed by increasing local and global economic risks. This survey was conducted by the Ceylon Chamber of Commerce (CCC) and the United States Agency for International Development (USAID)’s Partnership for Accelerating Results…
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