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CMA CGM applies surcharges on cargo from India, Sri Lanka, Middle East Gulf
French ocean carrier CMA CGM has notified its customers of an Overweight Surcharge (OWS), effective from 1 October 2024 until further notice. The surcharge will apply to shipments originating from India, Sri Lanka, Middle East Gulf & Djibouti, destined for North Europe (incl. Scandinavia, Poland, Baltic), East & West Mediterranean, Adriatic, Black Sea & North […]
Government Plans Relief for High VAT & Income Taxes, President Tells IMF Delegation
President Anura Kumara Dissanayake engaged directly with an IMF delegation yesterday, including Director of the Asia Pacific Department Krishna Srinivasan and Senior Mission Chief Dr. Peter Breuer, to discuss the progress of Sri Lanka’s ongoing IMF programme. The President was accompanied by key Sri Lankan officials, including Central Bank Governor Dr. Nandalal Weerasinghe, Secretary to […]
IMF to Announce Dates for Third Review under EFF Program for Sri Lanka
The International Monetary Fund (IMF) will soon announce the dates for the third review under the Extended Fund Facility (EFF) program for Sri Lanka, according to Ms. Julie Kozack, Director of the Communications Department at the IMF. This announcement was made during a recent press briefing. Ms. Kozack highlighted the progress made since the IMF […]
Admiral Sirimevan Sarathchandra Ranasinghe (Rtd), new Chairman of Sri Lanka Ports Authority
Admiral Sirimevan Sarathchandra Ranasinghe (Rtd) aasumed duties today (10/03/2024) as the Chairman of Sri Lanka Ports Authority (SLPA). He was the Commander of the Navy from October 2017 to December 2018. Admiral Ranasinghe also served as the Secretary to Ministry of Ports and Shipping & Southern Development in 2019. He is an Anti-Submarine Warfare Specialist […]
Independent Consultant of Gates Foundation met with Secretary to President
Chanditha Samaranayake, Independent Consultant of the Gates Foundation met with the Secretary to the President Dr. Nandika Sanath Kumanayake at the Presidential Secretariat this morning (03) and engaged in a discussion. The discussion centered on the progress of the digital agricultural transformation program aimed at supporting smallholder farmers and the school meal program to address […]
VIDEO: War of Words at UNSC – Iran declares “Missile strike was necessary,” Israel counters strongly
Israel, backed by the United States, and Iran on Wednesday (October 2) threatened each other with retaliation if attacked as the United Nations Security Council met amid fears of a wider war in the Middle East. The council met after Israel killed the leader of Lebanon’s Hezbollah and began a ground assault against the Iran-backed […]
Central Bank of Sri Lanka Discontinues Pension Payments for Governors
The Central Bank of Sri Lanka (CBSL) has announced a significant change in its pension policy for former Governors, effective from September 11, 2024. Under the revised rules, any Governor appointed after January 1, 1998, will no longer be eligible for pension payments. This move comes as part of a broader reform under the CBSL […]
High-Level IMF Team Meets Sri Lankan Government to Discuss Economic Reforms
A high-level delegation from the International Monetary Fund (IMF) arrived in Sri Lanka today (02) to engage with the newly formed government led by President Anura Kumara Dissanayake. The primary objective of the visit was to initiate discussions on the progress of the IMF Program and necessary steps towards the release of the fourth tranche […]
External Affairs Minister S Jaishankar to visit Colombo this week
External Affairs Minister S. Jaishankar is set to visit Colombo this week, marking the first high-level engagement with newly elected President Anura Kumara Dissanayake. This visit aims to reaffirm India’s commitment to Sri Lanka, especially amidst concerns about potential shifts in foreign policy under the new Marxist leadership.
Fonterra unveils its revised strategy, emphasizing stronger focus on Ingredients & Foodservice businesses
Fonterra Co-operative Group Ltd has released its revised strategy, which will see the Co-op deepen its focus on its high-performing Ingredients and Foodservice businesses to grow value for farmer shareholders and unit holders. This follows a strategic review that confirmed the Co-op’s strengths as a B2B dairy nutrition provider, resulting in Fonterra’s decision to explore […]