Central Bank of Sri Lanka (CBSL) has announced a Special Monetary Policy Board Meeting, scheduled to be held later today (February 07). “The public is hereby informed that this meeting will not lead to a policy interest rate decision”, the CBSL said in its statement. Monetary Policy Board of the Central Bank is charged with…
The daily turnover of the Colombo Stock Exchange exceeded Rs. 11 billion this morning (07). Within the first minute of trading, a significant share transaction occurred in John Keells Holdings plc, resulting in a recorded turnover of Rs. 11.28 billion. Citigroup Global Markets Limited Agency Trading Prop Securities A/C, the 7th largest shareholder of John…
Reuters – Sri Lanka expects to implement a debt restructuring framework within the first six months of 2024, the country’s president said on Wednesday, expressing confidence that the nation was recovering from its worst financial crisis in decades. President Ranil Wickremesinghe, who took over in mid-2022 amid a debilitating financial crisis caused by a severe…
The Sri Lanka-Thailand Business Forum, organised in collaboration with the Embassy of the Kingdom of Thailand in Sri Lanka, the Department of International Trade Promotion, The Ministry of Commerce Thailand, the Ministry of Trade Commerce and Food Security, The Ceylon Chamber of Commerce and the Chamber’s Sri Lanka – Greater Mekong Business Council (SLGMBC), on 3rd February 2024, attracted…
Partnership to help bridge India and Sri Lanka market connectivity Astrum, India’s first research-based strategic communication advisory that uses science of persuasion™ to understand and shape public opinion ethically, and NGage, Sri Lanka’s pioneer in Integrated Marketing Communications and Public Relations, inked an exclusive strategic alliance that bridges India and Sri Lanka connectivity with a…
UNICEF welcomes the long-awaited amendment to the Children and Young Persons Ordinance (CYPO) coming into force effective January 1, 2024, which marks a significant step towards protecting the rights and welfare of all children in Sri Lanka. The CYPO, a legislation governing justice for children in Sri Lanka since 1939, previously only covered those up…
While welcoming the participants to Colombo, Sri Lanka, to the South Asia Hydromet Forum (SAHF) IV President Ranil Wickremesinghe emphasized the nation’s commitment to address climate change through collaborative efforts at regional and international levels. In his address at the inaugural session at the Galle Face Hotel Tuesday morning (06), under the theme ‘Unlocking Regional…
FTA talks underway between India, Indonesia, Malaysia, Vietnam, and China – Minister of Foreign Affairs Ali Sabry. Minister of Foreign Affairs, Ali Sabry PC, emphasized the importance of strengthening and carrying forward President Ranil Wickremesinghe’s program to establish free trade agreements (FTAs) with other countries. He believes this is crucial to ensure Sri Lanka’s economic…
(Reuters) – Sri Lanka has approved gradually lifting some limits on converting rupees to foreign exchange for outward remittances and the new directions will be presented to parliament for approval, cabinet spokesperson Bandula Gunawardane said on Tuesday. The island nation’s central bank had suspended permission to remit funds for overseas investments by Sri Lankan residents…
Exclusive distributor for India, Sri Lanka, and the Maldives. Non-exclusive distributor for Pakistan, Bangladesh, Nepal, and Bhutan. To set up high-tech 24×7 support centre in Colombo. To cater to over 15,000 pest control companies operating in South Asia. Exterminators PLC, Asia’s first publicly listed, great place to work, and carbon-neutral pest management and environmental enhancement technology…
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