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Leveraging natural resources for Biodiversity Financing through Eco-Tourism initiatives

Eco-Tourism Awareness Programme for Tour Guides and Tour Operators in Dambulla As one of the World’s 36 biodiversity hotspots, Sri Lanka has the highest biodiversity per unit area of land among all Asian countries. Protecting our unique and diverse ecosystems is vital in the fight against accelerating climate change and as an indicator of the…

(0)Comments | June 8, 2022 11:14 am

Restructuring Guru Buchheit Warns Sri Lanka on Holdout Creditors

Bloomberg – A clause on some of Sri Lanka’s older dollar bonds gives creditors a potential opening to hold the sovereign hostage and stall restructuring negotiations. That’s a warning from Lee Buchheit, a veteran of over two dozen debt restructurings who has also been consulted by the Sri Lankan government. He reminds some of the…

(0)Comments | June 8, 2022 10:58 am

Alpha Fire Services Limited debuts trading on the CSE

The shares of Alpha Fire Services Limited (CODE: AFS-N-0000) listed on the Colombo Stock Exchange (CSE) on the 7th of June 2022. The shares have been listed on the Empower Board of the CSE under the “2010 – Capital Goods” sector. The occasion was marked with a special Bell Ringing Ceremony. Representing Alpha Fire Services Limited, Chairman/Managing Director Mr. Vijith Perera, Executive Non-Independent Director Mr. Samud Gunasekara,…

(0)Comments | June 7, 2022 5:04 pm

Parliament to publish only soft copies of previously printed documents

It has been decided to publish only soft copies of the previously printed documents including annual reports submitted to the Parliament Steps to send the relevant reports to the Members of Parliament by e-mail Soft copies are to be uploaded to a specific web portal on the Parliament website Considering the need for several hard…

(0)Comments | June 7, 2022 4:29 pm

Sri Lanka’s economic crisis threatens its dollar-earning IT firms

Sri Lanka’s IT sector is trying to retain talent with dollar-linked salaries as young professionals look to exodus. AL JAZEERA – There have been days when cybersecurity professional Asela Waidyalankara and his colleagues have sat in hotel lobbies to complete projects during power outages. Other days, they have run around Colombo looking for fuel for…

(0)Comments | June 7, 2022 3:40 pm

US $ 55 million Loan Scheme from Export-Import Bank of India for procurement of urea fertilizer

The Government of India has agreed to provide a $ 55 million loan through the Export- Import Bank of India for the procurement of Urea for the 2022/23 Maha season. Accordingly the Cabinet of Ministers approved the proposal presented by the Prime Minister in his capacity as the Minister of Finance, Economic Stabilization & National…

(0)Comments | June 7, 2022 12:08 pm

Minister of Foreign Affairs chairs a webinar on current challenges to the economy and seeking remedies through all Missions abroad

The Minister of Foreign Affairs Prof. G.L. Peiris, Governor of the Central Bank Dr. Nandalal Weerasinghe and the Secretary, Foreign Affairs Aruni Wijewardane as well as heads of all overseas missions participated in a webinar, discussing current economic channellings that the country is experiencing and seeking remedies through the overseas missions on 7 June 2022….

(0)Comments | June 7, 2022 11:46 am

Current Exchange Rate Arrangement: Background, Positive Impact thus far, and Expected Outcomes

This note is intended to explain to the general public the background to the current exchange rate arrangement, and the positive impact it has already made, and expected outcomes in the period ahead. The country is facing extremely challenging economic circumstances at present while it is going through the worst balance of payments crisis in…

(0)Comments | June 6, 2022 4:45 pm

Better Policies for Better Diets: The Political Economy of Fiscal Policies and Regulations to Promote Healthy Diets in Sri Lanka

Non-communicable diseases (NCDs) have posed a critical health challenge for Sri Lanka for several decades. Estimated to account for 83 per cent of all deaths in Sri Lanka today, NCDs have serious health and economic consequences for both individuals and the country.[1] In 2000 and 2010, the deaths that occurred due to NCDs were estimated…

(0)Comments | June 6, 2022 3:49 pm

Ceylon Chamber to Conduct Webinar on Addressing Food Security Challenges

With the subject of national food security gaining increasing urgency, the Ceylon Chamber of Commerce in association with the National Science Foundation will conduct a webinar on addressing the challenges of food security from 2.00 pm to 4.30 pm on 7th June 2022. With impending food shortages in the coming months emerging as a distinct…

(0)Comments | June 6, 2022 3:38 pm

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