Dr. Qu Dongyu, Director General of the UN Food and Agriculture Organization (FAO), paid a courtesy visit to President Ranil Wickremesinghe at the Presidential Secretariat this afternoon (19), commending the President’s leadership amid Sri Lanka’s economic challenges. During the meeting, Dr. Dongyu conveyed congratulations to President Wickremesinghe for his efforts in navigating Sri Lanka through…
New report highlights gaps in guidelines as well as a lack of compliance Sri Lanka has the worst record among South Asian countries in blacklisting corrupt contractors in public procurement, according to a new report by Verité Research. The report shows that Sri Lanka is the only country in South Asia that 1) does not…
Group assets cross Rs 2 Trillion Deposits cross Rs 1.5 Trillion Advances of over Rs 1 Trillion Provides over Rs 40 Bn for impairment Rs 22.5 Bn in taxes Hatton National Bank PLC (HNB) showcased strong and sustainable performance in 2023, in all aspects namely liquidity, asset quality, capital, efficiency and profitability amidst global and…
Sri Lanka’s first downtown Duty Free store is slated to be opened in April 2024, at the Colombo Port City. Taking to ‘X’ (formerly Twitter), the Belt and Road Initiative Sri Lanka (BRISL) said, “Colombo Port City duty free shop will be opened in April”. In October 2023, the Sri Lankan government gazetted the requirements…
Interface Tourism, a leading marketing and communications agency in the tourism is excited to announce the launch of a groundbreaking wellness campaign to promote Sri Lanka, targeted at the French and German markets. This initiative, commissioned by the European Union Delegation with the support of Sri Lanka Tourism Promotion Bureau, is a part of Sri…
By virtue of the powers vested under Section 19 (1) read together with section 19 (2) of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), financial penalties are imposed on Institutions for non-compliances with the provisions of the FTRA. The penalty may be prescribed taking into consideration the nature and gravity of the…
Reuters – Chinese electric vehicle giant BYD on Monday launched a new version of its plug-in hybrid sedan Qin Plus DM-i with a lower starting price, doubling down on price cuts to stay competitive in the world’s largest auto market. The new model goes for a starting price of 79,800 yuan ($11,090), down 20% from…
Government policymakers from across the vast Asia and Pacific region are meeting here this week to agree a pathway to reform their agrifood systems and accelerate recovery from pandemic and environmental crises, the Food and Agriculture Organization of the United Nations (FAO), reported today (19). Government Ministers and Heads of Delegation from as many as…
On 23rd February 1940 Woody Guthrie first composed the folk song “This land is your land – this land is my land – from California – to the New York island” (Ref. US history). Though he says such, the Red Indians may argue that it belonged only to them from times immemorial prior to colonization….
Hon. Kanaka Herath, State Minister of Technology, met yesterday with a team of consultants representing the European Union’s Enhanced Data Protection & Data Flows project. The meeting aimed to share strategic learnings from the EU with Sri Lanka’s Data Protection Authority (DPA). Ms. Tamar Kaldani and Dr. Aaron Martin, representing the EU project, shared valuable…
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