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CBSL to announce 6-month road map for ensuring macroeconomic & financial stability on Friday
The Central Bank is to announce “A Six-Month Road Map for Ensuring Macroeconomic & Financial System Stability” on Friday, 01 October 2021. Accordingly, Governor Ajith Nivard Cabraal will announce the road map to the officials of the Government and the financial sector institutions. Due to the prevailing COVID-19 pandemic situation and in keeping with required […]
GSP+ Withdrawal: How Would it Impact Sri Lanka’s Economy?
By Asanka Wijesinghe and Eleesha Munasinghe: Sri Lanka’s preferential access to the vital European Union (EU) market faces fresh challenges after the European Parliament’s special resolution adopted in June 2021. The resolution calls for an assessment on “whether there is sufficient reason, as a last resort, to initiate a procedure for the temporary withdrawal of […]
Sampath Bank payment gateway enhances eCommerce with acceptance of UnionPay
Sampath Bank today announced that the Sampath Bank Payment Gateway, the only online solution which provides the most cost-effective and secure payment authorization and processing service, now accepts UnionPay credit and debit cards. This new development in the eCommerce industry of Sri Lanka will further empower merchant websites and consumers alike, with a wider range […]
Not a single instance of wrongdoing in forensic audits by Gov Cabraal
The Auditor General was not given the assignment to carry out the Forensic Audits, a recently released statement from the Central Bank said. “But instead, two dubious Accountancy firms from India who were under a serious cloud in India were entrusted the task at a huge fee,” it added. “After doing the audit, Forensic Auditors […]
‘s new Dean of the Faculty of Medicine talks about international engagement
By Jekhan Aruliah Interviewing Dr Rajendran Surenthirakumaran (Suren), the newly appointed in September 2021 Dean (Head) of the Faculty of Medicine University of Jaffna, I realised the vital importance of international outreach. International collaboration for expertise, experience, research, and for funding is as key to academia as it is for business. I am impressed how […]
Sri Lanka & Thailand hold high-powered talks to explore mutually beneficial investment corridors
To further enhance and expand investment corridors between Sri Lanka and Thailand, the Embassy and Permanent Mission of Sri Lanka in Bangkok, together with the Board of Investment of Sri Lanka and China Harbour Engineering Company (CHEC) Port City Colombo (Pvt) Ltd, co-hosted a high-powered dialogue by inviting leading line agencies and trade chambers of […]
Central Bank recommends complete repatriation of export proceeds within reasonable period
Steps must be taken to strengthen the systems to ensure monitoring and to implement measures that lead to the complete repatriation and conversion of export proceeds within a reasonable period, the Central Bank said. Releasing an information series note on the current status of the export earnings, the Central Bank justified that it would be […]
Meeting between Central Bank Governor & Bangladesh High Commissioner to Sri Lanka
The Governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal met with Bangladesh High Commissioner to Sri Lanka, Tareq Md Ariful Islam today (24), to discuss strengthening of economic ties and greater utilization of the Colombo Port for Bangladesh exports.
Asanga Seneviratne elected to CSE Board of Directors
The Colombo Stock Exchange (CSE) announces the appointment of Asanga C. Seneviratne as a Director of the CSE Board with effect from 23rd September 2021. Seneviratne has previously served on the Board of the CSE as a Director during the period from 2013 to 2017. He is presently the Chairman of Nation Lanka Equities (Pvt) […]
SL Ambassador to China visits Sinopharm head office; repeats request for vaccine refilling plant
Ambassador of Sri Lanka to China Dr. Palitha Kohona, together with Embassy officials, were invited to visit Sinopharm’s Beijing Institute of Biological Products Co., Ltd. (CNBG) on 23 September 2021. The Vice President of the Sinopharm HQ Shi Shengyi, the President of the Biological Products Division Zhu Jingjin, and the Vice President of the International […]