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Sri Lanka – Oman Maritime Cooperation to be enhanced

Ambassador of Sri Lanka to the Sultanate of Oman Ameer Ajwad met with Minister of Transport, Communications and Information Technology of the Sultanate of Oman Eng. Saeed bin Hamoud Al-Maawali and discussed the areas of mutual interest between the two countries. They also explored new areas for bilateral cooperation in Ports and Shipping as well…

(0)Comments | June 9, 2021 12:42 pm

Prime Lands Residencies Limited makes CSE trading debut

Prime Lands Residencies Limited (PLR-N-0000) rang the market opening bell Tuesday (08) to commence trading on the Colombo Stock Exchange (CSE) at a special fully Virtual Market Opening Ceremony organized by the CSE. The company listed 937,500,000 Ordinary Voting Shares and has been classified under the Industry Group “Real Estate (6010)”. Mr. Brahmanage Premalal, Group…

(0)Comments | June 9, 2021 10:58 am

Yashodha Holdings (Pvt) Ltd loses the legal battle against People’s Bank to prevent the bank from recovering overdue facilities by disposing the property mortgaged to the Bank

Recently, Supreme Court allowed People’s Bank to proceed with disposing the mortgaged property belonging to a benefitted director of Yashodha Holdings (Pvt) Ltd., which was mortgaged to the Bank as security for a facility granted to Yashodha Holdings PVT Ltd.by the Bank. The particular case had been filed by Yashodha Holdings (Pvt) Ltd challenging the…

(0)Comments | June 8, 2021 3:43 pm

Emirates SkyCargo expands pharma cool chain infrastructure in Dubai, enhancing vaccine transport capabilities

Addition of 94 cool room pallet positions to existing EU GDP compliant infrastructure at Dubai International Airport provides more handling capacity for temperature sensitive pharma, including COVID-19 vaccines Carrier has so far transported 75 million COVID-19 vaccine doses; aims for 100 million by end June 2021 Dubai, UAE, 08 June 2021- Emirates SkyCargo is further…

(0)Comments | June 8, 2021 3:40 pm

The Polymerase Chain Reaction keeps the Silk Road safe

The Silk Road Journal – by Mahika Ming The demand for COVID – 19 testing is increasing ever since the infection was identified in 2019. All health facilities are struggling to their maximum to expand the ability to meet the rising demand. At the outset people had to wait 24 hours or more to get…

(0)Comments | June 8, 2021 1:37 pm

CBSL reiterates need for all licensed banks to provide uninterrupted banking services

The Central Bank of Sri Lanka (CBSL) upon obtaining approval/consent of the Director General of Health Services and the Inspector General of Police has already requested licensed commercial banks and licensed specialised banks (licensed banks) to carry out essential banking services, strictly adhering to all relevant safety measures and guidelines issued by the relevant authorities…

(0)Comments | June 8, 2021 8:02 am

Measures to Encourage Offshore Borrowings by Private Sector

The Central Bank of Sri Lanka (CBSL), with a view of encouraging foreign currency inflows to the country, invites the private sector to pursue avenues to raise offshore funding leveraging on its strengths, with the consent of the Hon. Minister of Finance and in line with provisions of the Foreign Exchange Act No. 12 of…

(0)Comments | June 8, 2021 7:41 am

Keynote Address at the inauguration of the Sri Lanka Investment Forum 2021 – His Excellency Gotabaya Rajapaksa, President of Sri Lanka

“It gives me great pleasure to address you at the inaugural session of the Sri Lanka Investment Forum 2021. This event takes a holistic view of the many and varied investment opportunities Sri Lanka offers across all sectors of its economy. It brings together the Board of Investment, Colombo Stock Exchange and the Ceylon Chamber…

(0)Comments | June 7, 2021 8:31 pm

Sri Lanka Investment Forum 2021 Kicks Off

Sri Lanka Investment Forum 2021 was inaugurated this morning by His Excellency the President Gotabaya Rajapakse on a virtual platform. Today’s proceedings also featured keynote addresses by Hon. Ali Sabry Minister of Justice, Hon. Ajith Nivard Cabraal, State Minister for Money and Capital Markets and State Enterprise Reform, Dr. P.B. Jayasundera, Secretary to the President,…

(0)Comments | June 7, 2021 8:10 pm

Welcome Address – Sri Lanka Investment Forum 2021

Dr. Hans Wijayasuriya – Chairman, Ceylon Chamber of Commerce Your Excellency Gotabaya Rajapakse, President of the Democratic, Socialist Republic of Sri Lanka, Honorable Prime Minister, Honorable Ministers and Officials of the Government of Sri Lanka, Your Excellencies, Ambassadors and High Commissioners, honored delegates to the Sri Lanka Investment Forum from 65 countries across 5 continents,…

(0)Comments | June 7, 2021 4:37 pm

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