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PRCA Country Rep calls for ethics and standards in Sri Lanka’s advertising and marketing industry
Sri Lanka needs to put together a cohesive and comprehensive set of regulations and standards when it comes to advertising, marketing and communications and this should be done in consultation with various stakeholders in the industry, highlighted Thanzyl Thajudeen, the country representative of the Public Relations & Communications Association (PRCA), the world’s largest and influential […]
IMF completes second review; says debt sustainability path remains knife-edged
The IMF Executive Board completed the 2024 Article IV Consultation and Second Review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with immediate access to SDR 254 million (about US $336 million) to support its economic policies and reforms. Performance under the program has been strong. All quantitative targets for end-December […]
Central Bank to function as regulatory authority of money or value transfer service providers
Central Bank of Sri Lanka will function as the regulatory and supervisory authority of Registered Money or Value Transfer Service (MVTS) providers. Accordingly, CBSL may carry out supervision of any Registered MVTS Provider and issue requirements on any one or more Registered MVTS Providers regarding the manner in which any aspect of their business is […]
Min Sabry attends BRICS Foreign ministerial outreach session in Russia
Foreign Minister Ali Sabry undertook an official visit to Russia at the invitation of his counterpart, Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation from 10-11 June 2024 to attend the BRICS Foreign Ministers’ meeting with the developing countries held in Nizhny Novgorod, Russia. The meeting was attended by high level representatives of […]
President meets Dr. S Jaishankar in New Delhi
President Ranil Wickremesinghe, currently in New Delhi, held a meeting today (10) with Indian Senior Minister Dr. S. Jaishankar. During the meeting, Mr. Jaishankar addressed the swift resumption of development projects initiated in Sri Lanka with Indian investments, which had been halted midway. He expressed his intent to visit Sri Lanka in the near future […]
Nobel Biocare launches in SL, Bringing advanced dental implant solutions with Delmege Healthcare
Nobel Biocare, a global leader in innovative implant-based dental restorations, is thrilled to announce its official launch in Sri Lanka. This marks the first time our prestigious brand, renowned for its rich history and deep clinical expertise, will be available in this dynamic market. As a pioneer in implantology, Nobel Biocare is excited to be […]
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Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III- compliant subordinated debentures of up to LKR20 billion a final National Long-Term Rating of ‘BBB+(lka)’. The final rating is the same as the expected rating assigned on 15 February 2024 and follows the receipt of documents conforming to […]
The Sri Lanka Coffee Festival returns for an exciting round three
The Lanka Coffee Association, in partnership with Australia’s Market Development Facility (MDF) and Jetwing Hotels, successfully hosted the third-annual Sri Lanka Coffee Festival on 6 June 2024 at Jetwing Lighthouse, Galle. The finals of the LCA Barista Championship were held alongside the festival activities. Sri Lanka’s first-ever study on the impact of climate change on […]
Sri Lanka elected to the United Nations Economic and Social Council
Sri Lanka has been elected by the United Nations General Assembly (UNGA) to the United Nations Economic and Social Council (ECOSOC) at the elections held in New York, on 07 June 2024, for a three-year term commencing on 01 January 2025. Sri Lanka obtained 182 votes, of the 189 member states present and voting, securing the 2nd highest vote count from the region, and the 7th highest number overall. Sri Lanka was previously elected […]
TISL Challenges the Public Financial Management Bill in the Supreme Court
Transparency International Sri Lanka (TISL) filed legal action on Wednesday the 5th of June in the Supreme Court challenging the Public Financial Management Bill, highlighting concerns related to public procurement. The petition (SC SD 77/2024) points out that Clause 32 of the Bill seriously weakens the controls on public procurement, thereby enhancing the corruption risk […]