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Exporters urge product testing laboratories to pull up their socks
Sri Lanka’s leading food and organic product exporters urged the nation’s premier product testing laboratories to enhance their levels of efficiency and effectiveness to enable them to provide a superior service to their overseas customers. These sentiments were aired at a meeting organized by the Sri Lanka Export Development Board (EDB) on 30th August, 2022, […]
Tharaka Balasuriya appointed State Minister of Foreign Affairs
September 8, 2022 (LBO) – Member of Parliament (MP) from the Kegalle District Hon. Tharaka Balasuriya has been appointed as the State Minster of Foreign Affairs by President Ranil Wickremesinghe. Previously Balasuriya served as the State Minister of Regional Cooperation, a role in which he liaised with foreign diplomats and dignitaries in an effort to […]
Foreign Reserves still in Critical Condition
September 8, 2022 (LBO) – Sri Lanka’s foreign reserves dropped to US$1.7bn as at end August, as compared to US.8bn at the end of the previous month. Foreign reserves, excluding Chinese swap line, dropped to approximately US$200mn. Despite the slow return to normalcy on the ground, the foreign reserve position is still in critical condition, […]
‘Rebuild Sri Lanka’ crowdfunding platform goes live today
The United Nations Development Programme (UNDP) in Sri Lanka led Individual Crowdfunding Facility; ‘Rebuild Sri Lanka’ platform went live today providing the opportunity for global citizens to contribute to alleviating the impacts of the crisis in the country: www.undp.org/srilanka/donate. Sri Lanka is experiencing its worst economic crisis since 1948, with 5.7 million people in need […]
EXPO buying binge continues
September 8, 2022 (LBO) – The parent of Expolanka (EXPO), SG Holdings, continues to scoop up shares in Sri Lanka’s largest market cap company. The previous trading session on Wednesday witnessed foreign buying in the shares of EXPO amounting to approximately Rs2bn. Most of the shares were traded close to market prices at Rs225/share. Although […]
SLIM receives accreditation by CPD – UK
The Sri Lanka Institute of Marketing (SLIM) became an accredited global training provider of “Continuing Professional Development” (CPD) UK. The SLIM Training arm, which has been recognised and endorsed by CPD-UK for accreditation, conducts customised programmes and training on numerous subjects that are not limited to Marketing and Sales for the corporate sector, with a […]
VIDEO: What is the Paris Club?
The Paris Club, comprising 22 wealthy countries, provides a platform for governments facing financial difficulties to reduce and renegotiate their debt repayments. Formed in 1956, it has signed more than 400 agreements to date, worth more than half a trillion dollars to about 100 countries. As public debt soars in the wake of the pandemic, […]
CA Sri Lanka felicitates new Commissioner General of Inland Revenue; inaugurates tax symposium
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently felicitated the newly appointed Commissioner General of Inland Revenue Ranjith Hapuarachchi and inaugurated its first ever tax symposium on the theme “Prudent Tax Policies for Economic Stability.” The event was held in the presence of Sanjaya Bandara, President of CA Sri Lanka, Heshana […]
‘s export earning up 12.9-pct from Jan-Jul
Earnings from exports increased in July 2022, while import expenditure declined for the fifth consecutive month, on a year-on-year basis. The notable decline in import expenditure in July 2022 reflected the impact of overall moderation of activity amidst forex liquidity strains in the banking system, while the policy measures to curtail non-urgent import expenditure also […]
Dialog Enterprise unveils a cutting-edge fuel-monitoring system
Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC, recently unveiled a timely technological solution for monitoring and measuring fuel and energy consumption with precision. Developed in partnership with the University of Moratuwa Research Laboratory and rigorously tested and used on Dialog’s own base stations, the solution was released ahead of schedule to […]