The undersigned, strongly oppose the unilateral decision by the Sri Lanka Ports Authority (SLPA) to increase port tariffs. A Joint Consultative Committee (JCC) which included the undersigned as well as officials of the SLPA was established by the Ministry of Ports, Shipping and Southern Development, to enable a consensus driven mechanism to resolve the issues…
Reuters – The Sri Lankan rupee fell for the seventh straight session on Friday on dollar demand from banks amid continued security alerts on possible further attacks after the Easter Sunday bombings. ** Stocks closed lower for the second time in seven sessions. ** Sri Lanka’s Catholic churches have cancelled Sunday mass in the capital…
The Easter Sunday attacks have been a great atrocity and they have done a colossal damage to the Nation. I strongly condemn these attacks and my deepest sympathies go out to the grieving families of those lost in the blasts. I also wish a speedy recovery to those who were injured. I now gather…
Israeli blockchain intelligence firm Whitestream says Canadian based payment gateway, CoinPayments, were used to convert from Bitcoin to Fiat Money Several international media reports highlight that Bitcoins and Altcoins were used to back the suicide bombers connected to ISIS who bombed several hotels and Christian churches in Sri Lanka that killed 253 individuals on…
Reuters – The Sri Lankan rupee fell for the sixth consecutive session on Thursday on dollar demand from banks amid security alerts on possible further attacks after the Easter Sunday bombings. ** Stocks closed lower for the first time in six sessions. ** Sri Lankan officials said on Tuesday security forces were maintaining a high…
The Central Bank of Sri Lanka has taken number of measures on ETI Finance Ltd (ETIF) to address various irregularities taken place since 2011, including severe liquidity constraints faced by the company during the latter part of 2017. Considering the extremely vulnerable liquidity position of ETIF and its inability to repay the depositors, the Monetary…
LAUGFS Terminals Ltd officially inaugurated operations of its state-of-the-art LPG Transshipment Terminal at the Hambantota International Port, the largest of its kind in South Asia, with the first of its LPG cargo brought in by the Sri Lankan flagged vessel Gas Success, part of LAUGFS Maritime’s own LPG vessel fleet. The new LAUGFS LPG Terminal…
Vehicle Carrier, Glovis Sun sailing under the Marshall Islands flag, helped the Hambantota International Port (HIP) to reach its highest discharge volumes to date, when 5,000 transshipment units were discharged in record time last month. The discharge operation was completed 22 hours prior to the expected time and the vessel was able to depart well…
Consequent to concerns discussed at its April meeting of the Chamber Committee, the Ceylon Chamber of Commerce sought meetings with President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe to discuss matters relating to security concerns and national revival efforts, following the acts of terrorism which occurred on Easter Sunday (21 April). In response, the Prime…
Land ownership to be managed by a specialized real estate company Recently released Cabinet announcements highlighted that the Cabinet of Ministers of the Government of Sri Lanka has approved the proposal presented by Minister of Megapolis and Western Development Patali Champika Ranawaka to establish a real estate company with a mandate to manage and maintain…
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