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President Gotabaya Rajapaksa to resign from Presidency: Speaker
President Gotabaya Rajapaksa has informed that he will resign from the Presidency on the 13th of July, the Speaker Mahinda Yapa Abeywardena said.
Sri Lankan PM ready to resign to make way for an all-party government
Sri Lanka’s Prime Minister Ranil Wickremesinghe has told the party leaders that he is willing to resign and make way for an all-party government to take over. A majority of the Party Leaders have decided that the President and the Prime Minister must resign immediately. The majority view of the Party Leaders was that the […]
CCC Calls for President to resign & party leaders to ensure smooth transition of power
The Ceylon Chamber of Commerce reiterates its call for President Gotabaya Rajapakse to resign immediately for the sake of the country and its stability as he has lost the trust and confidence of the people as aptly demonstrated by the heightened protests witnessed today on an unprecedented scale around President’s House and President’s Office. Further, […]
‘s House
Protesters in Colombo Fort, who broke through police barricades to reach the entrance of the President’s House, have entered the premises. The group is currently protesting inside the President’s House. Protesters have also entered the Presidential Secretariat.
Hemas Holdings set to enter Omani market: Foreign Ministry
Sri Lanka’s 72-year-old leading public quoted company Hemas Holdings PLC is set to enter the Omani market. Ambassador of Sri Lanka to the Sultanate of Oman Ameer Ajwad together with Hemas Senior Manager for International Business Promotion Kavindra Kasun Sigera met the Chairman of the Oman Chamber of Commerce and Industry (OCCI), Engr. Redha Juma […]
Aitken Spence expands renewable energy portfolio with solar
Aitken Spence PLC reiterates their commitment to local and global sustainable development goals by acquiring Sagasolar Power (Private) Ltd, from the major shareholder LOLC Group for Rs. 1.4 billion. Moreover, it is in line with Sri Lanka’s power and energy strategy to increase power generation from the renewable energy sector. This investment from Aitken Spence […]
SriLankan Airlines denies reports of flight cancellation
SriLankan Airlines would like to correct certain false information circulating on media about the possible cancellation of a host of SriLankan Airlines’ flights due to the ongoing fuel shortage in Sri Lanka. SriLankan Airlines vehemently denies the accuracy of such information and confirms that it has been able to manage its flight schedule with suitable […]
Ceylon Chamber appeals to all parties to prevent violence on 9th July
Ceylon Chamber of Commerce notes that a number of political parties, professional associations and civil society organizations have called for mass protests on 9 th July. While clearly understanding the views of the general public and recognizing their freedom of speech and right to express views through public protests, CCC appeals to all parties to […]
JAAF commends industry’s resilience as apparel export earnings rise 30-pct YoY in May
The Joint Apparel Association Forum (JAAF) thanked all industry stakeholders for their outstanding resilience in ensuring that the sector continued to meet its commitments in the face of unprecedented challenges, as apparel export earnings expanded by 30% Year-on-Year (YoY) up to US$ 446 million in May 2022. Accounting for approximately 6% of Sri Lanka’s Gross […]
CBSL further tightens monetary policy stance; increases SDFR & SLFR by 100 basis points
The Monetary Board of the Central Bank has decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points to 14.50 percent and 15.50 percent, respectively. Having noted the higher-than-expected escalation of headline inflation recently and the increased persistence of high inflation […]