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University of Jaffna’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 […]
Interview : A closer look at Bancassurance with Vindya Cooray
Bancassurance is a relatively novel concept in the financial services industry of Sri Lanka. It enables consumers to fulfill both financial needs and insurance needs under one roof through their preferred banking partner. In an exclusive interview with Lanka Business Online, Vindya Cooray, the Chief Bancassurance Officer of Union Assurance PLC, explained the concept and […]
‘s exports exceed USD 1Bn for third consecutive month in August
Sri Lanka’s merchandise exports in August 2021 recorded an increase of 14.4 % to US$ 1,083.56 Mn as compared to US$ 947.2 Mn recorded in August 2020 as per the data released by Sri Lanka Customs. Table 1: Merchandise Export Performance Values in US$ Mns Exports of Goods Jan-Aug 2019 Jan-Aug 2020 Jan-Aug […]
Property Prices in Sri Lanka Remain Positive & Stable in Q2 Despite COVID Waves: report
A recent study on the House Price Index developed by LankaPropertyWeb which is based on the asking prices of its listings revealed that overall residential land prices (per perch) had soared by 44.19% from Q2 2020 to Q2 2021. 4 bedroom house sales prices had increased by 15.68% from Q2 of 2020 while average 3 […]
Fertilizer shortage will deprive Sri Lanka of critical forex earnings – Planters’ Association
Due to the shortage of suitable fertilizer, Sri Lanka is unlikely to be able to achieve its export earnings target for 2021, according to the Planters’ Association of Ceylon (PA), which also reiterated calls for a sustainable solution to the worsening crisis. Earlier this year, the Export Development Board (EDB) set a target of USD […]