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Central Bank of Sri Lanka Co-hosted the 3rd CBSL-ADBI-APAEA Online Macroeconomics Conference

The Central Bank of Sri Lanka co-hosted the CBSL-ADBI-APAEA Online Macroeconomics Conference for the third consecutive year, in collaboration with the Asian Development Bank Institute (ADBI) and the Asia-Pacific Applied Economics Association (APAEA), on 23 September 2022. This year’s theme remained same as the previous year; ‘Emerging Issues for Macroeconomic Stability’. Inaugurating the Conference, Dr. Nandalal Weerasinghe, the Governor…

(0)Comments | September 28, 2022 10:37 am

Sri Lanka participates at the IFTM TOP RESA, International and French Travel Market 2022

The Sri Lanka Association of Inbound Tour Operators (SLAITO) successfully participated at the IFTM TOP RESA, International and French Travel Market 2022, held from 20 to 22 September 2022 with the coordination of the Embassy of Sri Lanka in France. France is the fifth largest source market to Sri Lanka, with tourist arrivals from the first eight…

(0)Comments | September 28, 2022 9:40 am

Sri Lanka promotes commercial relations with the State of Goiás in Brazil

The Ambassador of Sri Lanka to Brazil, Sumith Dassanayake undertook a visit to the State of Goiás on 19 September 2022 as part of the Embassy’s reaching out programme to promote Sri Lanka’s Trade and Economic relations with the leading economic hubs in Brazil. Goiás is one of the fastest growing states in Brazil with…

(0)Comments | September 28, 2022 9:07 am

Sri Lanka’s merchandise export earnings surpass $1.2bn mark in August 2022

Sri Lanka’s Export Performance in August 2022 Earnings from the merchandise exports increased by 10.24 % y-o-y to US$ 1,213.7 Mn in August 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the increase in earnings from export of Apparel & Textiles. The EDB Chairman & CE, Suresh…

(0)Comments | September 27, 2022 5:42 pm

Business Sentiment – Corporate Barometer Nudges Down

The exclusive index toys with a nation’s resilience and heads south once more Some aspects of daily life have changed somewhat dramatically – most visibly, there’s more vehicular traffic on the streets and less items in a household’s shopping bag. But there is a determination to move forward with the provisions outlined in the interim…

(0)Comments | September 27, 2022 5:41 pm

UK Markets Have Lost $500 Billion Since Liz Truss Took Over

Bloomberg – The UK’s stock and bond markets have lost at least $500 billion in combined value since Liz Truss took over as Prime Minister, with investor confidence shattered by a shock tax-cutting budget. Taking the helm at a time when the UK economy was already grappling with the specter of recession, the Truss government’s…

(0)Comments | September 27, 2022 5:39 pm

Consular Affairs Division of MFA launches e-Channeling Appointment System for Authentication Services

The Ministry of Foreign Affairs in collaboration with SLT Mobitel will launch an e-channeling appointment system with effect from 29 September, 2022. This will facilitate the public to receive effective services at the Authentication Section of the Consular Affairs Division. The e-channeling appointment system will enable the public to obtain online appointments for authentication of…

(0)Comments | September 27, 2022 4:58 pm

Asian Development Bank vows more help for crisis-hit Sri Lanka

MANILA/TOKYO, Sept 27 (Reuters) – The Asian Development Bank (ADB) is ready to provide further financial support to Sri Lanka, a top official of the regional lender said on Tuesday, as the Indian Ocean nation battles its worst economic crisis in more than seven decades. The remarks came after an ADB pact this month for…

(0)Comments | September 27, 2022 4:00 pm

New £3m UK Humanitarian support for Sri Lanka

Today, the UK announced a £3 million humanitarian package for Sri Lanka, providing vital support to the most in need. British High Commissioner Sarah Hulton said that “This new package will provide multipurpose cash, livelihoods and other support to those most in need across the country including: pregnant and nursing mothers, children, low-income fisherman and…

(0)Comments | September 27, 2022 12:35 pm

US Ambassador Chung visits South Asia’s First Submarine Cable Depot, a joint venture between SLT-MOBITEL and IOCPL

Reiterating SLT-MOBITEL’s crucial role in connecting Sri Lanka to the world, the National ICT Solutions Provider recently hosted US Ambassador Julie Chung for a visit to South Asia’s First Submarine Cable Depot, located in Galle. SLT established Galle Submarine Cable Depot Pvt Ltd, a joint venture with Indian Ocean Cable Ship Pte Ltd which in…

(0)Comments | September 27, 2022 11:46 am

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