New online passport application system initiated; Passports to be delivered within 3 days

The Immigration and Emigration Controller General, Harsha Ilukpitiya, announced that President Ranil Wickremesinghe’s initiative to digitize public services includes the implementation of an online passport application system in the coming days.  This new process aims to streamline the passport application process and ensure that passports are delivered to applicants’ residences within a span of three […]

Merchandise exports decreased by 16-pct in April 2023 compared to April 2022

Sri Lanka’s merchandise exports decreased by 16.15 % to US$ 814.1 Million in April 2023 compared to April 2022. Moreover, it is a 0.5 % decrease when compared to April 2021. Declining trend in merchandise exports further continues due to the negative trends shown in major export products. i.e., Apparel & Textiles, Rubber & Rubber […]

Eran Submits private members Bill to make declaration of Assets and Liabilities public

Opposition Parliamentarian Eran Wickramaratne today submitted a private member’s Bill to amend the Declaration of Assets and Liabilities Law, No.1 of 1975 to make the provisions of the act apply to the President as well. Accordingly, the President, Members of Parliament, and other high-ranking Judicial, Public, and Public sector officials have to declare their Assets […]

Removing PUCSL Chair via Parliament a threat to democracy and good governance: Eran

Judicial Precedence proves independent commissioners can seek court order to ensure their orders carried out Eran Wickramartne MP speaking on the debate of the resolution to remove the Public Utility Commission Chairman, asked the government that what was the great sin committed by him? The Chairman had asked the CEB to maintain the electricity supply continuously […]

Opinion: Putting customer needs first, shifting focus from flashy tech in BFSI

By Janaka Ediriweera In 2018, Nicky Morgan MP, the head of the powerful Treasury Committee (in the UK), demanded answers from the chief executives of Royal Bank of Scotland and Barclays, as millions of banking customers were locked out of their accounts, unable to access their own money or pay bills on time. She remarked, […]

Fitch Assigns Hayleys First-Time AAA(lka) National Rating; Outlook Stable

Fitch Ratings has assigned Sri Lankan conglomerate Hayleys PLC a National Long-Term Rating of ‘AAA(lka)’. The Outlook is Stable. Fitch has also assigned a ‘AAA(lka)’ National Long-Term Rating to Hayleys’ senior unsecured debentures. The rating reflects Hayleys’ large operating scale locally as a result of extensive business and geographical diversification, and strong market share in […]

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