The European Union (EU) and its 27 Member States are monitoring closely developments in Sri Lanka. The EU condemns the recent vicious attack against peaceful protestors in Colombo, which triggered further violence after a month of peaceful demonstrations had shown, despite some isolated incidents, that Sri Lankans are able to exercise peacefully their right to…
Our Union vehemently condemns with contempt, the despicable attack by mobs, incited and directed by certain politicians, on peaceful protests that have been continuing for more than a month, aimed at untimely implementation of policy measures, intense pressure on the lives of the general public and forcing the government to make positive measures. We also emphasize the importance…
The Colombo Stock Exchange (CSE) continues to monitor the presence of conditions necessary to enable smooth and fair stock market operations. While the Real Time Gross Settlement (RTGS) inter-bank payment system will be operational today, banks have notified that they will remain closed for normal banking operations to their customers. In this regard, and due…
Joint Chambers together with Institute of Chartered Accountants of Sri Lanka call upon the President to take immediate steps to appoint a competent person as the interim Prime Minister and a small Cabinet of Ministers to be appointed in consultation with the Prime Minister acceptable to all leading political parties represented in Parliament. This must…
Statement by Joint Apparel Association Forum (JAAF) The violence that erupted on the streets of Colombo and in other parts of Sri Lankaon Monday, and the resultant loss of life is both unfortunate and deeply saddening. We empathize with the people’s distress over the extraordinary adverse impact ofthe economic crisis on their lives and livelihoods….
Sellathurai Prabagar appointed new COO in smooth succession at country’s top private sector bank The Commercial Bank of Ceylon PLC has announced the appointment of Chief Operating Officer Mr Sanath Manatunge as Managing Director and CEO effective 12th May 2022, and the concurrent appointment of Mr Sellathurai Prabagar as Chief Operating Officer to fill the…
The Ceylon Chamber of Commerce is alarmed by the violent attacks on protestors outside Temple Trees and at Galle Face and calls upon the Government and the armed forces to take immediate action to prevent peaceful demonstrators being attacked. An impartial investigation should be carried out to identify those responsible and hold them accountable. Failure…
The Bangladesh Bank on Sunday extended the loan repayment tenure for crisis-stricken Sri Lanka by one year as the island nation is in default on its entire $ 51 billion foreign loans. The decision on the extension was made at a board meeting of the central bank held on Sunday, with its governor Fazle Kabir in…
In its standing as the National Body of Accountants, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on Thursday submitted a comprehensive set of proposals to the Ministry of Finance focusing on reviving the country’s economy from the ongoing crisis. A high-level delegation from CA Sri Lanka led by the Institute’s President…
Ms. Dinithi Ratnayake has been appointed as the new Chairperson of SDB bank, with effect from 29th April 2022, on the retirement of Mr. Lakshman Abeysekara on completion of his tenure. The Board of Directors and the Management express their sincere appreciation to Mr. Abeysekara for guiding SDB bank through some of the most challenging…
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