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FIU imposes penalties to finance companies for violation of customer due diligence rules
Jan 11, 2021 (LBO) – Financial Intelligence Unit (FIU) as the regulator for Anti-Money Laundering and Countering the Financing of Terrorism in the country, has imposed penalties amounting to Rs. 2.3 million in total for the period from 01.06.2020 to 31.12.2020 to enforce compliance on financial institutions. The Monetary Board of the Central Bank has […]
Thailand to focus on investment opportunities in plantation and agri in SL
Ambassador of Thailand in Sri Lanka Chulamanee Chartsuwan paid a Farewell Call on Foreign Minister Dinesh Gunawardena on 08 January 2021. During the meeting, the Foreign Minister noted that Thailand has potential to invest in Sri Lanka especially in the plantation and agricultural sector. Both sides endorsed the importance of finalizing the Free Trade Agreement to spearhead the bilateral economic and trade relations. In regard to trade relations, the Minister […]
“We changed political culture of forgetting village after winning power” President
No political witch hunt; only strict adherence to law: will not entertain lumpen politics – President says in Lathugala · Policy decision to allow cultivation without hindrance · Officials must visit villages · Every village to see sustainable development President Gotabaya Rajapaksa said the political culture of forgetting the village after winning power has been […]
Sri Lanka’s boat manufacturing capabilities highlighted in Jordan
The Embassy of Sri Lanka in Jordan with the active facilitation of the Sri Lanka Export Development Board held a virtual Meeting on 6 January 2021, to showcase Sri Lanka’s highly specialized boat manufacturing capabilities to a Jordanian Boat importing company in Aqaba port city which currently sources and imports boats for the Jordan, Iraq […]
Foreign Minister assures the early resumption of medical tourism for Seychellois
The outgoing High Commissioner of Seychelles in Colombo Conrad Vincent Mederic called on Foreign Minister Dinesh Gunawardena at the Foreign Ministry today, 08 January 2021. The Foreign Minister complemented the High Commissioner Mederic for his outstanding and significant contributions towards enhancing Sri Lanka – Seychelles relations during his tenure including the Presidential visits in 2017 and 2018 as the first High Commissioner of Seychelles to Sri Lanka. While acknowledging the staunch […]
SIR PONNAMBALAM ARUNACHALAM (1853-1924)
On the 97th Death Anniversary which falls on 9th January 2021 Compiled by Sega Nagendra and Suresh Murugaser, great grandchildren of Sir P.Arunachalam FAMILY Ponnambalam Arunachalam was the youngest Son of Gate Mudaliyar A.Ponnambalam. He was born on 14th September 1853 to a highly respected and a well-educated professional family originally from Manipay, Jaffna. Gate […]
Union Assurance hosts virtual gala for annual awards
Union Assurance takes digital disruption to the next level as it felicitated top achievers of the Agency and Bancassurance sales force at a glittering Virtual Gala on 18th December 2020. The event was viewed by over 5000 participants and attended by a distinguished leadership including the John Keells Chairman, Krishan Balendra and President, John Keells Group, […]
Korean based Heung A Line expands services to Sri Lanka
Heung A Line head quartered in South Korea launched its maiden service (SIS/CI6) in Sri Lanka with its first vessel call at the CICT of the Port of Colombo with mv. BALTIC SOUTH v. 2001W on the 22nd of December 2020. The service is jointly operated by Heung A Line in partnership with Sinokor Line, […]
Repatriation process “People Centric and Transparent” For Min sets record straight
The Foreign Ministry will continue facilitating repatriations without any financial burden on Sri Lankans, the Foreign Secretary asserted responding to misinformation in the public domain. Secretary Jayanath Colombage made it clear that the role of the Missions is strictly confined to organizing repatriation flights for returnees who are tested on arrival, offered all logistical support […]
President appoints 18-member De-Regulation Commission to simplify existing laws
President Gotabaya Rajapaksa has appointed a 18-member De-Regulation Commission for the Simplification of the Existing Laws and Regulations in the interest of the people. The Commission is co-chaired by former Secretary to the President and Principal Advisor to the President Lalith Weeratunga and Chairman of John Keells Group Krishan Balendra. Other members of the Commission […]