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European Union gives Rs.60Mn in grants to support small tourism businesses
The Delegation of the European Union in Sri Lanka (EU) and the Sri Lanka Tourism Development Authority (SLTDA) awarded the first three grants – worth 1 million rupees each – to small tourism enterprises to help them accelerate their post COVID recovery and build a stronger base for growth as tourists start returning to the […]
Xebiro developing European tech in London, Colombo, and Jaffna
By Jekhan Aruliah COVID-19 lockdowns and remote working The COVID-19 pandemic, which had a devastating impact on health and on economies, is having a revolutionary impact on working and learning. Schools and universities were shoved unready from in-class to distance learning. Young people looking forward to a few years of unsupervised love and unhealthy food […]
Aitken Spence Travels first in the industry to be certified for OHS
Aitken Spence Travels proved their commitment to uphold exemplary benchmarks in occupational health and safety by becoming the first destination management company in Sri Lanka to receive the ISO 45001: 2018 Occupational Health and Safety (OHS) management certification. Certified by the SGS United Kingdom Ltd. the scope covered in the assessment includes destination management services, […]
Rambukkana incident: BASL calls for an independent investigation
The Bar Association of Sri Lanka (BASL) calls for an independent investigation of the Rambukkana incident and says the Government must ensure that the police and armed forces act with utmost restraint in the light of the genuine grievances of protesters. “The BASL is shocked and saddened at the loss of life in the incident […]
MAS Holdings’ calls for immediate and decisive action to resolve the current crisis
MAS Holdings, one of Sri Lanka’s largest private sector employers and exporters reiterates the need for immediate and decisive action to resolve the current economic and social crisis, in a peaceful and sustainable manner. Issuing a statement the organization said “Given the ensuing events, MAS as a responsible organization, unconditionally support the call for change […]
Joint Chambers call for repeal of 20th amendment in letter to President
Sri Lanka’s Joint Chambers of Commerce in a letter addressed to President Gotabaya Rajapakse has requested action to be initiated to repeal the 20th amendment to the constitution. The full text of the letter follows….. Letter by the Joint Chambers to H E the President Your Excellency, Current Economic and Political Situation The Private Sector, as […]
Bangladesh and Sri Lanka explore new investments and Blue economy potential
High Commissioner Professor Sudharshan Seneviratne drew home the importance of the tremendous potential both countries hold to work jointly towards a win-win situation on multiple areas of investments and be joint stakeholders in the blue economy having a shared interest in the Bay of Bengal. These ideas were discussed at a meeting held with the President […]
‘s special request for a Rapid Financing Instrument
The International Monetary Fund (IMF) will consider the special request made despite it being outside of the standard circumstances for the issuance of a Rapid Financing Instrument (RFI), the Ministry of Finance said. Minister of Finance M.U.M Ali Sabry P.C, met with the Managing Director of IMF Kristalina Georgieva on the 18th of April at […]
India supports Sri Lanka in expediting Extended Fund Facility with IMF
India will fully support the deliberations of Sri Lanka with the IMF, especially on the special request made for expediting an Extended Fund Facility (EFF), the Finance Minister of India Nirmala Sitharaman affirmed. The top-level Indian Economic delegation met with Finance Minister Ali Sabry at the IMF Headquarters – in Washington DC on the 18th […]
Manufacturing PMI increased month-on-month basis at slower rate
Following the seasonal pattern in manufacturing activities, the manufacturing PMI increased on a month-on-month basis to an index value of 57.8, yet at a slower rate than the previous years. This increase was mainly attributable to the improvements observed in production, new orders and employment sub-indices following the seasonal demand. The increase observed in new […]