RPCs allege discrimination by authorities on allocation of fuel for leaf and latex transport and power generation Calls for radical and bold reforms to resuscitate industry including allowing hybrid $ auctions Calls for additional assistance to increase production to enhance Dollar earnings and measures to reduce high COP The Government’s failure to allocate fuel quotas…
Following is the full statement of John Keells Holdings (JKH): Our country is facing its most significant and challenging crisis – economically, politically and socially. As a corporate citizen and member of the business community, the John Keells Group has been gravely concerned with the dire economic circumstances facing the country, which require immediate remedial…
Singapore Airlines (SIA) has signed a Memorandum of Understanding (MoU) with the Sri Lanka Tourism Promotion Bureau (SLTPB) on 12 April 2022, reaffirming SIA’s commitment to Sri Lanka to support efforts to boost tourism in the country. The MoU was signed between Ms. Kimarli Fernando, Chairperson, Sri Lanka Tourism Promotion Bureau, and Mr. David Lau,…
Minister of Foreign Affairs, Professor G.L. Peiris met with the Ambassador of China, Qi Zhenhong, on 21 April, 2022 at the Foreign Ministry. While welcoming the Ambassador, Minister Peiris appreciated China’s continued assistance to Sri Lanka which had begun even before establishing formal diplomatic relations between the two countries. He also recalled the Chinese monuments…
Overseas Sri Lankan students are struggling to pay their tuition fees as the country’s economic crisis continues. The collapse of the Sri Lankan rupee, combined with limits on financial transfers out of the country, has left international students – many of whom rely on their parents to send them money – without any way to pay university…
The Committee on Public Enterprises (COPE) revealed that Building Materials Corporation (BMC) has not prepared any financial statements since 2016 This was revealed at the COPE meeting chaired by Hon. Prof. Charitha Herath to discuss the Auditor General’s Report for the Fiscal Year 2015 and 2016 of the Building Materials Corporation and its current performance….
SriLankan Airlines has been summoned before the COPE Committee to inquire into its current performance, COPE Chairman Hon. Prof. Charitha Herath said. Accordingly, SriLankan Airlines is scheduled to appear before the COPE on the 25th at 10.00 am. The Chairman of the COPE stated in Parliament on the 19th that SriLankan Airlines will be summoned…
Bloomberg – Sri Lanka may take nearly three weeks to appoint advisers to guide an overhaul of its debt, according to the country’s finance chief, a move seen as key to unlock emergency funds needed to ease its worsening economic crisis. The country is aiming to choose financial and legal advisers in 15 to 20…
AIA Insurance’s Womens Programme, ‘ඇය සුරකින AIA’ (Aya Surakina AIA) marks yet another milestone in collaboration with Commercial Bank of Ceylon (CBC) and International Finance Corporation (IFC) under its IFC-DFAT Women in Work programme to empower Sri Lankan women across the island by enhancing their financial stability with life insurance protection. This initiative with CBC offers…
The prevailing forex crisis in Sri Lanka has severely impacted many industries in the country’s economy, including the dairy industry. As an industry with endless potential to help the economy, the dairy industry is one of the most important industries in the country. However, rising costs, scarcity of feed, vitamins, fuel and fertilizer, and the…
Video Story
