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Issuance of one-time visas to tourists coming to Sri Lanka for a period of one year
Cabinet nod has been received to issue one-time visas to tourists for a period of one year through electronic travel authorization with multiple entry permission, subject to 90 days maximum that can be stayed in the country at one time. For that, the country will charge a fee of US$ 200 for a business visa […]
Winners and Losers of Sri Lanka’s Work from Home Policy
A new publication by the Institute of Policy Studies of Sri Lanka (IPS) has identified that a key barrier to remote work in Sri Lanka is the lack of relevant regulations and legislation governing the Work from Home (WFH) practice. Accordingly, the publication advocates legal reforms to facilitate WFH and improve labour market activities in […]
Resume Sri Lanka’s participation in Stolen Asset Recovery initiative: Human Rights Watch
Sri Lanka’s new president, Ranil Wickremesinghe, should ensure that his administration adopts measures to protect the basic rights of all Sri Lankans, Human Rights Watch said in a letter published today outlining key human rights concerns. Wickremesinghe was sworn in as president on July 21, 2022, after then-President Gotabaya Rajapaksa stepped down after months of widespread protests against economic […]
Opinion: Fixing the Sri Lankan Economy
By M. Rizwan Muzzammil: Introduction The Sri Lankan economy is significantly weakened and at risk of catastrophic collapse. There is a need for the government to boost entrepreneurship and production. In order to do this the following two important hurdles to businesses must be addressed. The difficulties posed by these hurdles has caused an adverse […]
ComBank offers certificate course for women entrepreneurs with PIM
The Commercial Bank of Ceylon has launched a ground-breaking certificate course in SME skills development exclusively for women entrepreneurs, in collaboration with the Postgraduate Institute of Management (PIM) affiliated with the University of Sri Jayewardenepura. The course will consist of three seven-hours-a-day sessions spread over three months followed by a practical presentation session, the Bank […]
SL – Singapore Biz Council to look at cooperation in agri, food processing, FMCG imports and exports in 2022/23
The 25th Annual General Meeting of the Sri Lanka – Singapore Business Council (SLSBC) of The Ceylon Chamber of Commerce was held on 27th July, 2022 via Zoom. The SLSBC was inaugurated in 1997 under the aegis of the Ceylon Chamber of Commerce with the objective of promoting trade, investments, tourism and services between Sri […]
Port City Colombo SEZ introduced at the Commonwealth Business Forum 2022 Kigali, Rwanda
CHEC Port City Colombo in collaboration with the Colombo Port City Economic Commission successfully introduced the Special Economic Zone to 50 plus potential investors and members at a specially curated Breakfast meeting held at the Business Forum Event. The event was a global platform for Sri Lanka’s first service-oriented Special Economic Zone (SEZ) to be […]
UNFPA appeals for USD 9mn to meet urgent needs of women affected by economic crisis in Sri Lanka
UNFPA, the United Nations sexual and reproductive health agency, has launched an appeal for US$9 million to deliver lifesaving healthcare to more than 2 million women and girls in Sri Lanka in the next six months. Sri Lanka is experiencing its worst socio-economic crisis since independence. The country’s once robust healthcare system is teetering on the edge […]
Demand Destruction – US fuel demand reduced by higher prices
August 7, 2022 (LBO) – Fox business news has reported that fuel demand in the United States is declining in response to higher prices. “New data from the Energy Information Administration (EIA) shows that gas demand dropped from 9.25 million barrels per day to 8.54 million per day last week. That’s 1.24 million barrels per day lower than […]
Bangladesh spikes fuel prices 50%
August 7, 2022 (LBO) – Bangladesh has sharply raised fuel prices in response to pressures caused by the increase in global oil prices. The price of petrol was raised by over 51%, while prices of diesel and kerosene were raised 42.5%. Prices of petrol in Bangladesh are now at the price equivalent of LKR495/liter, while […]