The debilitating crisis in Sri Lanka has left nearly half of the children in the country in need of some form of humanitarian assistance. The UN has launched an appeal to address the urgent needs of the most vulnerable population within the next four months. To scale up response to the rising needs of children…
Bloomberg – The Philippine Stock Exchange Inc will permanently close its trading floor after the pandemic hastened its migration to “floorless trading” amid a digital shift that’s changing the operations of capital markets. The ruckus of a trading floor at one of Asia’s oldest bourses, which goes back to 1927, will give way to a…
At the invitation of the Minister for Foreign Affairs of Singapore, Dr. Vivian Balakrishnan, Minister Foreign Affairs Prof. G. L. Peiris undertook an official visit to Singapore from 8-9 June, 2022. An official visit of a Foreign Minister of Sri Lanka to Singapore is taking place after four years. During the visit, a bilateral meeting was…
Extends banking facility and network partnership to Sri Lanka’s first electric smart bicycle Reiterating its mandate to be an ‘enabling partner’ in the growth of all its stakeholders, Seylan Bank, the Bank with a Heart, initiated a partnership with Rhoda Life Private Limited, the designer and manufacturer of Sri Lanka’s first electric smart bicycle. The…
Ambassador Sanjiv Gunasekara called on Parliamentary Vice – Minister for Foreign Affairs of Japan, Honda Taro on 02 June 2022 and held wide-ranging ranging discussions on Sri Lanka’s current economic situation and matters related to Sri Lanka and Japan bilateral relations. Vice Minister recalled the strong bonds of friendship between the people of the two countries and…
Sri Lanka’s condominium industry has not only held up the real-estate sector but shored up the country’s economy as well amid a double crisis. A recent Cabinet decision (May 30) to abolish the concessional property exemption from the value added tax levied on condominium property could spell disaster for the industry and the economy as…
India has rushed about USD 3 billion in assistance in the form of line credit and other modes to help Sri Lanka which has virtually declared insolvency and defaulted on all foreign loans. Indian Express – China on Wednesday praised India for making “great efforts” to help Colombo to tide over its worst financial crisis…
The Ministry of Finance would like to share the current progress of the Indian Credit Line Facility of USD 1 billion obtained from India for the importation of essential goods. Sectoral Breakdown of Credit Facility Several subcategories, including Rice, large onions, dried chilies, sugar, wheat, etc., were included under the essential commodities category. As of…
After a year of research of the fashion, handloom and batik sectors in Sri Lanka, the Cultural Relations Platform announces a pilot training, as a form of “master class/experience” of European and Sri Lankan creatives coming together to master their craft and creativity. The pilot training stems from the conclusions of the research that highlight…
Forex pile at $1.92 billion in May vs $1.81 billion in April Government tapping credit lines to import food, fuel, medicine (Bloomberg) -Sri Lanka’s foreign exchange pile rose for the first time in five months, likely due to deferment of payments to India under an Asian Clearing Union, even as the nation scrambles for credit…
Video Story
