Bloomberg – With just two weeks to go until European Union sanctions come into force, Russia has already lost more than 90% of its market in the bloc’s northern countries, previously the mainstay of shipments from the Baltic and Arctic terminals.Russia shipped just 95,000 barrels a day to Rotterdam — its only remaining European destination…
Reuters – Sri Lanka’s central bank is expected to keep rates steady as inflation shows signs of easing and as authorities focus on discussions to secure a $2.9 billion International Monetary Fund (IMF) bailout to stabilise its crisis-hit economy. Thirteen out of 15 economists and analysts polled by Reuters forecast rates to remain unchanged at…
Emirates has announced plans to add one more daily direct flight between Dubai and Colombo from 1 December 2022 to cater to the seasonal increase in the demand for travel. The additional service, EK648/EK649, will increase the number of daily flights between the two cities to three, including two direct flights and one operating via…
A virtual event was held by Ernst & Young to conduct its 23rd post Budget discussion on November 15, 2022, for their clients on the theme ‘Managing Uncertainty: Ensuring Resilience’. The event commenced with the opening remarks from President Ranil Wickremesinghe, on the present state of the economy and an explanation of the underlying intention…
The Delegation of German Industry and Commerce (AHK) in Sri Lanka, and the Friedrich Naumann Foundation for Freedom (FNF) co-organized a capacity building program for officials of the Sri Lanka Export Development Board (EDB) in preparation for the forthcoming “German Act on Corporate Due Diligence in Supply Chains which will come into force in Germany…
Australian High Commissioner to Sri Lanka and Maldives H.E Paul Stephens made a courtesy call on Board of Investment (BOI) Chairman Raja Edirisuriya recently and exchanged views on Sri Lanka in respect to investment opportunities. During the discussions, the High Commissioner referred to Australian investors who are seeking opportunities in the sectors such as renewable…
It is important to promote financial literacy among Sri Lankans, especially among undergraduates, who are a key segment of the population equipped to contribute to an economically stable future. -CEO, CSE This strategic alliance would also provide an opportunity to our undergraduates to have a sound knowledge on the capital markets. -Vice Chancellor, Wayamba University…
Addressing the Wenzhou International Import Expo, Ambassador Dr. Palitha Kohona, extolled the high quality of Sri Lanka’s agricultural exports. Black tea which is, by far, the major agricultural import from Sri Lanka to China, is considered to be the cleanest tea in the world with hardly any chemical traces in it. Although generally referred to…
The Ceylon Chamber of Commerce is firmly of the view that institutions like the Central Bank of Sri Lanka should be allowed to function independently in performing its mandate as in most other countries, particularly at this stage when the country is grappling with a major economic crisis. We emphasize the need to reintroduce the…
Issuing the National Consumer Price Index (NCPI), for the month of October 2022, the Director General of Census and Statistics said that headline inflation as measured by the Year-on-Year change (The percentage change in the current month NCPI over same month NCPI of last year) based on the NCPI has been compiled as 70.6%. The…
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