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‘s vaccine certificates now recognised on entry to the UK
From Monday 1 November, eligible travellers from Sri Lanka with appropriate proof of vaccination will qualify under the fully vaccinated rules for travel to the UK. To be treated as fully vaccinated, travellers must be able to prove that they have been fully vaccinated at least 14 days before arrival, with a vaccine recognised by […]
‘s Bank; legal orders delay LC payment, says bank
The Economic and Commercial Counselor of the Embassy of the People’s Republic of China in Sri Lanka has blacklisted the People’s Bank for not effecting the payments in lieu of a Letter of Credit issued by the bank. Releasing a statement, the bank, however, said that they are bound by an enjoining order issued by […]
CA Sri Lanka launches virtual career guidance sessions to reconnect with students
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently launched a virtual career guidance session aimed at reconnecting with lapsed students. The session titled “Reset – Refresh – Renew” targeted CA students who dropped out mid-way during the programme. During the highly interactive session, students were educated on the importance of […]
”s rating to Caa2; CBSL questions timing & subjectivity
Moody’s Investors Service (“Moody’s”) has downgraded the Government of Sri Lanka’s long-term foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa1 under review for downgrade. The outlook is stable. “The decision to downgrade the ratings is driven by Moody’s assessment that the absence of comprehensive financing to meet the government’s forthcoming significant […]
Intl Arbitration Centre to be developed as Intl Commercial Dispute Resolution Centre for Port City
A Memorandum of Understanding between the Ministry of Justice and the Colombo Port City Economic Commission was signed on Wednesday at the Ministry of Justice, with a view to developing the Sri Lanka International Arbitration Centre as an International Commercial Dispute Resolution Centre for the Colombo Port City. Development of the Sri Lanka International Arbitration […]
Virtusa introduces new senior leaders
Virtusa Corporation, a global provider of digital strategy, digital engineering and IT services and solutions that help clients change and disrupt markets through innovation engineering, recently announced several key leadership appointments. The announcements extend Virtusa’s leadership, vision, and reputation as a top employer. Virtusa has a long heritage of providing deep digital engineering skills and […]
Lack of openness in govt agencies a concern for assessing budget promises: Verité Research
Independent research institute and think tank in Sri Lanka, Verité Research highlights that the level of openness of government agencies is a major concern in evaluating their performance against budget promises. Presenting an overview of selected cabinet decisions taken in 2020, Research Assistant Udahiruni Atapattu described the lack of willingness of ministries and other government […]
Trillium Hotels and VIP Residencies unveils luxury retirement complex
Trillium, one of Sri Lanka’s most sought after real estate developers which aims to deliver comfort and elegance while merging the value of an exclusive lifestyle, is set to further diversify its offerings with the launch of Trillium Hotels & VIP Residencies. Positioned in the heart of Colombo 07, Trillium Hotels & VIP Residencies is […]
Colombo YMBA launches English education program for young Buddhist monks
The Colombo YMBA , established in 1898,which is the oldest and largest Buddhist association in existence, gladly announces the launching of an English education program for young Buddhist monks. As the first phase of this program, around 700 young monks attached to 237 Pirivenas in the Western and the Uwa provinces will be absorbed into […]
For 1USD pledged to tackle climate crisis for world’s poor, 4USD spent on fossil fuel subsidies: Report
The world spends an astounding US$423 billion annually to subsidize fossil fuels for consumers – oil, electricity that is generated by the burning of other fossil fuels, gas, and coal. “This is four times the amount being called for to help poor countries tackle the climate crisis, one of the sticking points ahead of the […]