The Central Bank of Sri Lanka (CBSL) is currently taking steps to increase the inflows of foreign remittances to Sri Lanka as well as encourage the use of formal remittance channels when sending remittances to the country. Accordingly, the Central Bank of Sri Lanka initiated a National Remittance Mobile Application branded as “Lanka Remit”. It…
Asia’s top high-yield bond issuer expected to restructure debt and seek help from IMF Financial Times – Investors are braced for Sri Lanka to default during the Covid-19 pandemic, saying they expect Asia’s top high-yield bond issuer to restructure its debt and call on the IMF for assistance as its financial crisis worsens. The South…
The Brides of Sri Lanka magazine together with the Galle Face Hotel presents the most exclusive wedding expo of the year – Wedding Week 2022 – with exciting activities and series of bridal shows on the 19th and 20th of February at the Galle Face Hotel. The Sri Lanka Tourism Promotion Bureau, Sri Lanka Convention…
By Thisuri Ekanayake A great deal of discussion is underway on what appears to be the latest wave of migration from Sri Lanka. These conversations focus on the desire of young people to migrate in search of greener pastures in the face of the soaring cost of living and uncertainty about the country’s future. While…
Business Daily Africa – LOLC Holdings Plc, Sri Lanka’s second-largest publicly traded company by revenue, has received regulatory approval to acquire a 73.2 percent stake in Key Microfinance Bank Plc. The lender, which formerly traded as Remu, is selling shares to the multinational at a cost of Sh237 million. Finance cabinet Secretary Ukur Yatani last…
The shares of Hela Apparel Holdings Limited (CODE: HELA-N-0000) commenced trading on the Colombo Stock Exchange (CSE) Monday (07). The shares have been listed on the Main Board of the CSE under the “Consumer Durables & Apparel” sector. The occasion was marked with a special Bell Ringing Ceremony. Representing Hela Apparel Holdings, Chairman A.R. Rasiah and Group CEO Dilanka Jinadasa graced the occasion, together with other…
Significant strides in establishing Free Trade Agreements with Bangladesh and the Maldives, together with existing FTAs will pave the way to initiate FTAs with most Southeast Asian countries by next year, enhancing Sri Lanka’s position as an attractive destination for Foreign Direct Investment, State Minister of Regional Cooperation, Hon. Tharaka Balasuriya stated recently. Speaking at…
INSEE Cement is Sri Lanka’s leading manufacturer of cement and is the company behind renowned cement brands such as Sanstha and Mahaweli cement. Presently, INSEE Cement is the suppliers of cement to the Uma Oya Multipurpose Development Project in the Uva Province. The project includes the commissioning of a new hydropower station and irrigation infrastructure…
The Sri Lanka Embassy in Nepal and the Export Development Board of Sri Lanka(EDB) jointly organized a virtual meeting for Sri Lankan Construction Companies to interact with the Nepal Ministry of Physical Infrastructure & Transport (MPIT) and learn about procedures and regulations applicable to foreign investors, including for joint ventures. Er. Keshab Kumar Sharma, Joint…
President Gotabhaya Rajapaksa has appointed Renuka M. Weerakone as Director General (Acting) of the Board of Investment of Sri Lanka. The Letter of Appointment was handed over to the new Director General by the State Minister of Aviation and Export Zone Development Hon. D.V.Chanaka in the presence of Chairman BOI Eng. Raja Edirisuriya and Mr….
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