All Blogs
Japan, India & France to announce the launch of debt restructuring negotiation process on Sri Lanka
Japan, India, and France will hold a press briefing on Thursday in the margins of the Spring Meetings to announce the launch of the debt restructuring negotiation process on Sri Lanka, the Japanese Ministry of Finance said in a statement. Japanese Minister of Finance Shunichi Suzuki, Vice Minister of Finance Masato Kanda, Indian Minister of […]
TISL Welcomes Anti-Corruption Bill, but Flags Two Major Concerns
The proposed Anti-Corruption Bill contains several laudable provisions that seek to improve upon the existing anti-corruption legal framework in Sri Lanka, TISL, Deputy Executive Director Sankhitha Gunaratne said. The proposed Anti-Corruption Bill, which seeks to replace the Bribery Act (Chapter 26), the Commission to Investigate Allegations of Bribery or Corruption Act No. 19 of 1994, […]
US Department of Transportation officials meet SLPA Chairman
The Chairman of Sri Lanka Ports Authority (SLPA) Keith Bernard met officials from the U.S. Department of Transportation on 6/04/2023 at the Chairman’s office at HQ Colombo. Officials of the U.S. Department of Transportation discussed further collaboration between the U.S Department of Transportation and SLPA. The Chairman of SLPA Bernard at the discussions updated the […]
‘s Recovery & Promoting Stable & Inclusive Growth
To tackle the enormous economic challenge that Sri Lanka is facing, everyone must come together to support the recovery and promote stable and inclusive growth. IMF Senior Mission Chief for Sri Lanka Peter Breuer shares more in this video.
VIDEO: Trade-Based Money Laundering Techniques
Basic trade-based money laundering techniques include over- and under-invoicing of goods and services; multiple invoicing of goods and services; over- and under-shipments of goods and services; and falsely described goods and services.
Proposed Counterterrorism Bill Breaks Government Pledge to End Abuse, says Human Rights Watch
The government of Sri Lanka’s proposed Anti-Terrorism Act would empower the authorities to systematically violate fundamental human rights, Human Rights Watch said today. The government should withdraw the bill and ensure through consultations that any counterterrorism legislation upholds international human rights standards, Human Rights Watch said. The government pledged to adopt an improved law following domestic and international […]
Visa applications from Sri Lanka touched 68-pct of pre-pandemic volumes in 2022: VFS Global
Visa applications from Sri Lanka in 2022 witnessed significant recovery driven by pent-up demand, opening of international borders, and eased COVID protocols. According to VFS Global, the world’s largest outsourcing and technology services specialist for governments and diplomatic missions, visa applications from Sri Lanka in 2022 reached 68% of the pre-pandemic levels (2019). In comparison […]
CEB acquires 163 MW power plant from Sojitz Kelanitissa
Ceylon Electricity Board has acquired the 163 MW Combined Cycle Power Plant which was operated by Sojitz Kelanitissa (Pvt) Limited. The acquiring process was initiated in the latter part of the year 2022, in accordance with the terms and conditions of the Power Purchase Agreement (PPA). Under the GOSL policy framework, CEB signed the PPA […]
CSE and CDS revised applicable rules, ensuring consistency with New SEC Act
Pursuant to the enactment of the Securities and Exchange Commission (SEC) of Sri Lanka Act No 19 of 2021 (New SEC Act), the Stockbroker rules of the Colombo Stock Exchange (CSE) and the Central Depository Systems (CDS) have been revised in order to ensure consistency with the said New SEC Act. Accordingly, the following rules […]
Ceylon Chamber advises govt to set transparent processes to facilitate divestiture of non-strategic assets
The Ceylon Chamber advises the government to set in place transparent processes and governance structures that will facilitate the divestiture of non-strategic commercial assets/stakes, as well as encourage investment in strategic assets such as the Hambantota oil refinery. Releasing a statement, the chamber said that it would also complement the IMF’s engagement with the Government […]