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Committee on demarcation of jurisdiction proposes to establish new Courts & increase Judges
The Committee appointed to review demarcation of jurisdiction and to increase the number of Courts presented its report to the Minister of Justice Ali Sabry on Thursday, at the Ministry of Justice. The report of the committee headed by Justice Mahinda Samayawardhena, Judge of the Supreme Court, includes proposals for increasing the number of Courts […]
”s Bank at AA -(lka); Outlook Stable
Fitch Ratings has affirmed the National Long-Term Rating of People’s Bank (Sri Lanka) (PB) at ‘AA-(lka)’. The Outlook is Stable. KEY RATING DRIVERS PB’s National Long-Term Rating is driven by its intrinsic credit strength. It balances a superior franchise and funding profile against weaker asset quality, profitability and capitalisation and higher risk appetite relative to […]
Online platform launched for Sri Lankan exporters seeking access to Chinese market
The Sri Lanka Embassy in Beijing assisted the Hairong Technology Co. Ltd organised the introduction of the “Sri Lanka Platform” along with an investment promotion seminar (SEIC 2021) at the Embassy on 11 July 2021. The main objective of the event was to provide an online platform for Sri Lanka exporters seeking to access the […]
Fitch Affirms Bank of Ceylon at CCC and AA (lka)/Stable
Fitch Ratings has affirmed Bank of Ceylon’s (BOC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘CCC’. The ratings do not carry an Outlook because of the potentially high volatility at this rating level, in line with Fitch’s rating definitions. BOC’s National Long-Term Rating has also been affirmed at ‘AA -(lka)’. The Outlook is […]
Sri Lanka receives over 1.5 million doses of COVID-19 vaccines from COVAX
A chartered plane arrived in Sri Lanka with more than 1.5 million doses of the Moderna COVID-19 vaccine from the COVAX Facility. Donated by the United States, the 1,500,100 doses of the vaccine come to Sri Lanka under the dose-sharing mechanism of COVAX facility promote equitable access to COVID-19 vaccines across the globe. “The Government […]
Sri Lanka now open to fully vaccinated travellers with quarantine-free entry
As Sri Lanka paves the way to restart tourism, fully vaccinated international travellers who have received the second dose of the vaccine 14 days prior to arrival will now be allowed to enter the country without undergoing quarantine. While several restrictions remain for unvaccinated or partially vaccinated visitors, those who have been ‘double-jabbed’ will have […]
Greater synergy between India and SL pivotal for container volume growth in sub-Continent: SLPA Chairman
Capt. Nihal Keppetipola – Chairman of Sri Lanka Ports Authority (SLPA) paid a courtesy visit to the Indian High Commissioner to Sri Lanka His Excellency Gopal Baglay on 09th July 2021. On the invitation of the Indian High Commissioner to Sri Lanka, the meeting took place in the India House, Colombo 03. Also present at […]
Visa appoints Avanthi Colombage as Country Manager for Sri Lanka & Maldives
Visa Inc. (NYSE: V), the world’s leader in digital payments, announced the appointment of Avanthi Colombage as Country Manager – Sri Lanka and Maldives for Visa. Avanthi will head the operations of the company in the two markets from Colombo and be a part of Visa’s leadership team in the region. She replaces Anthony Watson, […]
Japan Gifts 1.45 million Astra Zeneca Vaccines; expected to arrive in Sri Lanka soon
The Government of Japan has decided to provide 1.45 million doses of AstraZeneca vaccine manufactured in Japan to Sri Lanka through the COVAX Facility of the World Health Organization (WHO) to help prevent the spread of COVID-19 in Sri Lanka. The vaccines are expected to arrive in Sri Lanka from Japan during the coming weeks. […]
Sri Lanka and Australia to strengthen practical cooperation
Foreign Minister Dinesh Gunawardena during a meeting with the Australian High Commissioner David Holly on 13 July 2021 discussed avenues for consolidating relations between the two countries in multiple spheres to achieve tangible outcomes. Following up from the successful telephone conversation held with the Australian Foreign Minister Marise Payne in June this year, the two […]