Passengers with existing bookings will be offered refunds, airline says Khaleej Times – Budget carrier flydubai has suspended flights to Sri Lanka due to political and economic unrest in the South Asian country. The airline said it would refund those passengers who had booked their tickets. “Flydubai flights between Dubai and Colombo Airport (CMB) have…
COLOMBO, July 11 (Reuters) – Sri Lanka’s President Gotabaya Rajapaksa and the entire cabinet will resign to make way for a unity government, the prime minister’s office said on Monday, after tens of thousands of protesters stormed the official residences of both men. After Saturday’s sweeping protests in the wake of a debilitating economic crisis,…
Bloomberg – Sri Lanka’s opposition parties are trying to cobble together an all-party government and pick candidates who can take over after President Gotabaya Rajapaksa and Prime Minister Ranil Wickremesinghe agreed to step down, giving in to popular pressure in a country struggling to pay for essentials. Rajapaksa will step down on Wednesday to allow…
Central Bank Executive Officers’ Union expressed its fullest support to the people’s movement held on 09 July 2022 against the futile regime, which should be directly responsible for destroying the Sri Lankan economy, and as promised, we emphasize that the failed President and Prime Minister must bow down to the people’s verdict and vacate their…
Lucrative diversification into fruits, herbs and spices Manages Sri Lanka’s largest pepper cultivation, and first commercial avocado plantation Innovative value addition Enhancing productivity through technology and artificial intelligence As Sri Lanka seeks to generate urgently-needed foreign exchange, the pioneering example of Regional Plantation Companies (RPCs) like Malwatte Valley Plantations PLC (MVP) may serve to shine…
Urgent Statement from Joint Apparel Association Forum (JAAF) The Joint Apparel Association Forum in a statement to media urged all Party Leaders to urgently expedite the recommendations put forth at the meeting held a short while ago, calling for the resignation of the President and Prime Minister and making way for an all Party Government…
Sri Lanka has seen an unprecedented call for change in the past days and months, with citizens all over the country peacefully and strongly protesting. The country needs a peaceful transition to a government formed with consensus and stability to navigate through the political and economic challenges it faces. A government enshrined with good governance…
The Minister of Finance has issued an Order under Section 8 of the Foreign Exchange Act No. 12 of 2017 extending the amnesty period granted for persons in or resident in Sri Lanka to deposit or sell the foreign currency in possession to an Authorized Dealer (A Licensed Commercial Bank or National Savings Bank) as…
NEW DELHI, July 10 (Reuters) – The International Monetary Fund (IMF) said it is hoping for a resolution to Sri Lanka’s political turmoil that will allow a resumption of talks for a bailout package after a violent day of protests. Sri Lanka’s President Gotabaya Rajapaksa will resign on Wednesday after thousands of protesters stormed his…
The Ceylon Chamber of Commerce reiterates its call for President Gotabaya Rajapakse to resign immediately for the sake of the country and its stability as he has lost the trust and confidence of the people as aptly demonstrated by the heightened protests witnessed today on an unprecedented scale around President’s House and President’s Office. Further,…
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