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Initial statement by Governor Ajith Nivard Cabraal upon taking office on the 15th September 2021

I am extremely privileged to lead the Central Bank once again and deeply humbled by the trust and confidence reposed in me by the President, Prime Minister and Finance Minister to take up this responsibility. I also deeply appreciate the good wishes that I have received from thousands of our countrymen. I will assure all…

(0)Comments | September 15, 2021 12:19 pm

Lulu Hypermarkets – launches “Taste of Sri Lanka” across its Branches in the Western Region of KSA

Lulu Hypermarket in Saudi Arabia has launched a Sri Lankan products promotional week and the inaugural session of the Western Region of KSA was held at the Jeddah Main Branch in Amir Fawaz under the patronage of Acting Consul General T. F. M. Aashiq along with other staff of the Consulate and received by Regional…

(0)Comments | September 15, 2021 9:21 am

SLTPB in collaboration with the Consulate General of Sri Lanka in Mumbai, conducts a Webinar on “Opening Sri Lanka for Indian Travelers”

After much speculation and carefully revised health protocols, Sri Lanka Tourism is taking progressive measures to rejuvenate the Tourism sector amidst the current pandemic situation. As an effort to boost tourist arrivals from India, Sri Lanka Tourism Promotion Bureau, along with the Consulate General of Sri Lanka in Mumbai, organized a virtual awareness session on…

(0)Comments | September 15, 2021 8:43 am

Capital Alliance enters Bangladesh

Becomes First JV Stockbroker to Receive Trading Rights at Dhaka Stock Exchange The joint venture (JV) company recently established in Bangladesh by Sri Lanka’s Capital Alliance (CAL) became the first JV entity to receive the Trading Right Entitlement Certificate on the Dhaka Stock Exchange (DSE) from the Bangladesh Securities and Exchange Commission (BSEC). CAL is…

(0)Comments | September 15, 2021 7:45 am

Sri Lanka’s apparel sector prioritizes worker safety, while ensuring industry’s sustenance

Leaders of Sri Lanka’s apparel sector highlighted the industry’s prioritization of employee safety through the adoption of and adherence to comprehensive health measures, while ensuring business continuity and thereby the industry’s sustenance. These views were expressed at a recent virtual webinar organized by the American Chamber of Commerce (AMCHAM) in Sri Lanka on the theme…

(0)Comments | September 14, 2021 1:59 pm

BOI – Salt Collective sign for US$ 4 mn boutique hotel in Ahungalla

Salt Collective Ltd., a French hospitality development venture, will invest almost $ 4 million to set up a 16-room boutique hotel in Ahungalla in the southern coast of Sri Lanka.  The project is scheduled to be opened for business in December 2022.  Salt Collective Ltd. Chairman Cyril Jacob said: “Despite Sri Lanka having experienced numerous…

(0)Comments | September 14, 2021 9:22 am

Lulu Hypermarkets – Saudi Arabia host “Sri Lanka product promotion Week”

Lulu Hypermarket chain in Saudi Arabia has launched a product promotional week dedicated to Sri Lankan products. The ‘Sri Lanka Week@Lulu’ which runs from 08-14 September 2021 presents the Saudi national and expatriate communities in Saudi Arabia, a unique experience to enjoy an array of 140 different Sri Lankan products, especially imported from Sri Lanka, at attractive special promotional prices. The…

(0)Comments | September 14, 2021 9:19 am

Sri Lanka Retailers Association announces, Sri Lanka Retail Forum 2021

The Sri Lanka Retailers Association (Guarantee) Ltd (SLRA), recently entered in an MOU with the Ceylon Chamber of Commerce to organize the island’s premier retail sector forum for the fifth successful year.  This year’s Sri Lanka Retail Forum themed, ‘Recharging Retail: Resilience to Results’ is scheduled for the 13th October 2021. SLRA is the sole…

(0)Comments | September 13, 2021 8:19 pm

Parliamentarian Ajith Nivard Cabraal resigns from his position as a Member of Parliament

Parliamentarian Ajith Nivard Cabraal, National List Member of Parliament for the Sri Lanka People’s Front (SLPP) has informed the Secretary General of Parliament Mr. Dhammika Dasanayake in writing today (13) that he will resign from his post as a Member of Parliament. Accordingly, the Secretary General of Parliament has taken steps to inform the Chairman…

(0)Comments | September 13, 2021 12:55 pm

WindForce PLC To Take Over Sky Solar (Pvt) Ltd

WindForce PLC, the pioneers of renewable energy in Sri Lanka, is set to acquire Sky Solar (Pvt) Ltd owned by Sunshine Energy (Pvt) Ltd. WindForce singed a Share Sale and Purchase Agreement for 100% of the controlling stake of the company. Sky Solar currently owns and operates 2.2 MW of rooftop solar at eight factories…

(0)Comments | September 13, 2021 12:20 am

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