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National single window: Paving way for paperless trade
By Mithara Fonseka and Kavishka Indraratna In 2016, Sri Lanka ratified its Trade Facilitation Agreement (TFA) with the WTO and in 2017 a Secretariat was established for the National Trade Facilitation Committee to drive much needed trade reforms in the country. Currently, the rate of Sri Lanka’s implementation commitments under TFA stands at 34.9% with […]
15-pct food price increase in a single month; Advocata
Advocata’s Bath Curry Indicator (BCI) , which tracks the monthly changes in the retail price of food, recorded an increase of 15% from November 2021 to December 2021. Much of this increase is driven by rising prices of vegetables. 100g of Green Chillies at Rs18 increased to Rs 71. This is a 287% increase in […]
‘s Foreign Minister
Trade and investment, political cooperation, defense initiatives, tourism and labour issues dominated the discussion in Seoul, Republic of Korea between Sri Lankan Foreign Minister Prof. G. L. Peiris and Minister of Foreign Affairs of the Republic of Korea Chung Eui-yong. Minister Prof. Peiris paid tribute to the multi-faceted relationship which had developed between the two countries during their 44-year relationship, and its present robust character. Minister Peiris […]
Kapruka shares begin trading tomorrow
Shares of Kapruka Holdings Limited will commence trading on the Main Board of the Colombo Stock Exchange under the symbol, “KPHL”, tomorrow, 7th Friday 2022. Kapruka Holdings Limited is the holding company of Kapruka, Sri Lanka’s Pioneering e-commerce platform with a global presence. The Company recently offered 32,826,000 ordinary voting shares to the public through its […]
Kotmale becomes first dairy company to complete a carbon footprint verification
Kotmale Dairy Products and Cargills Quality Dairies, subsidiaries of Cargills, have become the first dairy companies in Sri Lanka to complete a carbon footprint verification. The verifications are conducted by the Sri Lanka Climate Fund under the purview of the Ministry of Environment. Both companies undertook a voluntary assessment of their carbon footprint and have […]
Internship opportunities for SLIM undergraduates within SLASSCOM
The Sri Lanka Institute of Marketing (SLIM) recently signed a Memorandum of Understanding (MoU) with the Sri Lanka Association for Software Services Companies (SLASSCOM), the national chamber for the knowledge and innovation industry in Sri Lanka. The MoU was signed to facilitate internship opportunities for SLIM undergraduates within the SLASSCOM landscape. Signed on the 21st […]
ComBank’s automated machine network dispensed Rs 91.8Bn in Dec & Rs 848.4Bn in 2021
The automated cash dispensing network of the Commercial Bank of Ceylon which comprises of ATMs and Cash Recycler Machines (CRMs) dispensed a mammoth Rs 91.872 billion in December, as Sri Lankans celebrated the festive season and prepared for 2022. On 31st December, the network dispensed Rs 4.234 billion, a single-day figure surpassed only by the […]
Opinion: Government heavy-handedness to blame for our currency woes
By Vinuja Singharachchige: Much is being said nowadays about the pressures the Sri Lankan Rupee is facing, but it is important that we understand the mechanics and greater economic context. Currency crises have been common in our modern history with countries facing sudden devaluations to the point where we can predict the patterns. There was […]
VIDEO: Sri Lanka clears key oil tank farm with India; big win for New Delhi
Sri Lanka’s cabinet has cleared a joint project with India to develop the Trincomalee oil tank farm. The clearance comes amid growing anger against China’s debt trap in the country. Cabinet Decision: Trincomalee Oil Tank Complex Development Project After reviewing the three existing agreements with the Government of India regarding the Trincomalee Oil Tank Complex […]
‘s Finance Minister introduces relief package
Finance Minister Basil Rajapaksa on Monday announced a relief package for different sectors in Sri Lanka. Complete Cabinet Decision: 2022 Economy and Outlook The budget for the year 2022 has been approved by the parliament and commenced to effect from 01 of January 2022 and the Minister of Finance submitted the following information on the […]