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Central Bank initiates regulatory actions against errant Money Changers
In response to several complaints that certain Authorized Money Changers are engaged in activities which are not in compliance with the Directions issued under the provisions of the Foreign Exchange Act No. 12 of 2017 (FEA), the Central Bank is conducting a series of spot examinations at the places of Authorized Money Changers. In the […]
CA Sri Lanka SAB campus to transform higher education with new degrees and MBAs
In a landmark effort aimed at revolutionising higher education for students and professionals within the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) launched its very own campus on Thursday which will offer the highly reputed BSc. Applied Accounting Degree, with plans afoot to also introduce several new Bachelor’s Degrees as well as a […]
CCC-USAID survey reveals that exporters have a positive outlook for export earnings
“Sri Lankan exporters are confident in their outlook for export growth, despite challenges faced in the first half of 2021,” according to the results of the bi-annual Export Barometer Survey. This survey was designed and conducted by the Ceylon Chamber of Commerce (CCC) and the United States Agency for International Development (USAID)’s Partnership for Accelerating […]
President Rajapaksa stresses importance to curb deforestation and use of fossil fuels
President Gotabaya Rajapaksa undertook an official visit to the United Arab Emirates from 3 to 5 December 2021 to attend the 5th Indian Ocean Conference – IOC 2021 in Abu Dhabi. President Rajapaksa delivered the Inaugural Address as the Chair of the IOC -2021 at the opening ceremony on 4 December in Abu Dhabi. Addressing the […]
Industrial Development Board establishes Smart Facilitation Centre at Hambantota Intl. Port
The Hambantota International Port Group (HIPG) entered into a sublease agreement with the Industrial Development Board (IDB), to establish a smart Facilitation Centre at the Hambantota Maritime Center (HMC). The new center will smoothen the path for foreign investors focused on establishing projects in the Southern Province. The agreement was signed by Johnson Liu, CEO, […]
Discover Magic of Colombo on CCC Social Bus
Colombo City Centre (CCC) Mall along with Ebert Silva Holidays (Private) Limited launched the CCC Social double-decker bus, a much-needed travel experience where CCC shoppers can discover all that Colombo has to offer on a bus tour covering some of the most iconic buildings and monuments in the city of Colombo. The best part is […]
French Development Agency provides Euro 1mn to develop Geographical Indication for Ceylon Tea
The French Development Agency (AFD) signed a grant agreement worth 1 million euros with the Sri Lanka Tea Board (SLTB) and French Agricultural Research Centre for Development (CIRAD) towards the development of a Geographical Indication (GI) for Ceylon Tea. The agreement was signed by AFD Country Director and SLTB Chairman in the presence of Hon. […]
Sri Lanka Economic Summit 2021 at a glance: Findings and Way Forward
Summary of the main points elicited during the sessions of the Sri Lanka Economic Summit 2021 held on December 6 and 7. DOWNLOAD
Sri Lanka official reserves down to USD 1.6bn in November, confirms Central Bank
Sri Lanka’s official reserve assets were 1.6 billion US dollars (USD 1,587.0mn) by the end of November, down from 2.3 billion US dollars in October, the latest Central Bank data showed. By the end of November, the foreign currency reserves were 1,009.5 million dollars while the reserve position in the IMF was 67.0 million dollars. […]
Finance Minister Basil Rajapaksa concludes successful visit to New Delhi
At the invitation of the Indian Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman, Minister of Finance of Sri Lanka Basil Rajapaksa concluded a successful two-day official visit to New Delhi recently. This was the first overseas visit of Finance Minister Basil Rajapaksa since he assumed office in July this year. During the two-day official […]