The fifth edition of Race the Pearl, the 24-hour race that covers the entire length of 600 kilometers of Sri Lanka from top to bottom, concluded on 6th Nov 2022 successfully with Toby Read from UK Winning with the timing of 23 hrs and 06 minutes and Frenchman Fabrice Linon coming second with timing of…
Reuters – The Galapagos Islands, whose thousands of unique species inspired Darwin’s theory of evolution, have incalculable ecological value. But what are they worth? Perhaps around $800 million, judging by the size of a “debt-for-nature” swap deal that could see Ecuador’s debts cut in exchange for protecting its offshore territory’s fragile ecosystem, according to people…
Reuters – Sri Lanka has postponed a round of debt restructuring talks initially expected to be held on Thursday to allow central bank and treasury officials to provide clarifications sought by the country’s creditors, its state minister of finance said. The island nation formally kicked off the talks in September after securing a preliminary $2.9…
Aitken Spence Travels, the leading destination management company (DMC) that handles the highest cruise calls for shore excursion to Sri Lanka will commence the first luxury passenger cruise ship ‘Viking Mars’ USA on the 18th – 19th November 2022. Viking Mars will be calling over at the Colombo port with 900 passengers on board commencing…
South African President Cyril Ramaphosa arrived in Sri Lanka for a short visit yesterday (16) after attending the G20 Summit. He met with President Ranil Wickremesinghe at the Katunayake Air Force base for discussions on bilateral issues. The discussions were focused on further strengthening the bilateral relationship aiming at economic cooperation and investment, expanding tourism…
JAAF & IFC to empower industry with tools to address bullying and harassment in workplace Apparel industry committed to uplifting employee working conditions The International Finance Corporation’s (IFC) Respectful Workplaces Programme aims to enhance business value by addressing gender-based violence and harassment including customer and client aggression, workplace bullying and sexual harassment, domestic and sexual…
The Commercial Bank of Ceylon’s continuing effort to stimulate remittances from Sri Lankans living and working overseas recently focussed on Singapore, which has a significant Sri Lankan migrant population. The Bank engaged with Sri Lankan expatriates living in the city state at a two-day programme conducted in collaboration with the Sri Lankan High Commission in…
Sri Lanka’s infrastructure facilities, human resources and other required facilities are in place and now what is needed to attract foreign investments is to enact necessary legal reforms President of the Chinese Peoples’ Association for Friendship with Foreign Countries, (CPAFFC) H.E Lin Songtiyan said. H.E Songtiyan, who called on Speaker Hon. Mahinda Yapa Abeywardene together…
The Committee on Public Finance took into discussion the two reports to be submitted to Parliament by the Committee post presenting the Appropriation Bill to Parliament in accordance with the Standing Orders of Parliament. This was discussed at the Committee on Public Finance which met in the Parliament recently (15) under the chairmanship of Hon….
As Global Entrepreneurship Week 2022 shines the spotlight on the importance of entrepreneurship to economic growth, the International Labour Organization in collaboration with the Ceylon Chamber of Commerce is implementing a series of initiatives to facilitate a change in the entrepreneurial ecosystem and bolster young people’s transition into the entrepreneurial world. Conducted under the aegis…
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