Author: lbostgadmin
Sri Lanka Prepares for Assessment on Anti-Money Laundering & Countering Financing of Terrorism
President Wickremesinghe addressing the National Law Conference said that Sri Lanka’s next country assessment on Anti-Money Laundering and Countering the Financing of Terrorism will commence soon. The assessment, slated to commence soon, holds immense significance as it directly impacts the country’s ease of doing business rating and its ability to attract foreign investments. In an […]
CBSL requests Govt to phase out remaining import restrictions; official reserves surpass USD 3bn
The Monetary Board of the Central Bank requests the Government to consider phasing out the remaining restrictions on most items of merchandise imports. The exchange rate, which is allowed to be determined by market forces, continues to reflect positive market sentiments underpinned by the improvement in liquidity in the domestic forex market. The Central Bank […]
Central Bank commences monetary easing; cuts SDFR & SLFR by 2.5-pct
Sri Lanka’s Central Bank has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 250 basis points to 13.00 percent and 14.00 percent, respectively. The Monetary Board of the Central Bank has arrived at this decision with a view to easing monetary conditions […]
‘s Businesses
By Sajani Kaushalya Many businesses are rethinking their conventional working structures in light of the many changes taking place in the world. Employees now have the option to work both in an office setting and remotely thanks to the growing popularity of the hybrid workplace concept. This change has important effects on firms, workers, and […]
Courtyard by Marriott Colombo hosts Sri Lanka open 2023 Pro-Am golf tournament
Marriott Bonvoy, Marriott International’s award-winning travel program, teamed up with Courtyard by Marriott Colombo to host the Sri Lanka Open 2023 Pro-Am Golf Tournament. Kicking off 2023 on a green note, Marriott Bonvoy continues its long-term association with Shiv Kapur, an Arjuna Award winner and ace golfer. Shiv Kapur, a two-time European Challenge Tour champion […]
Ayodhya Iddawela Perera to take over as Sampath Bank MD from 01st July 2023
Ayodhya Iddawela Perera will take over as the next Managing Director of Sampath Bank PLC effective from the 1 st of July 2023. She will succeed the incumbent Managing Director, Nanda Fernando, who will conclude his term in office on the 30th of June 2023, leaving behind a legacy of commitment, excellence, and service to […]
John Keells Group crisis response initiative records promising impact among multiple communities
In the wake of Sri Lanka’s unprecedented socio-economic crisis in early 2022, the John Keells Group launched a multi-pronged Crisis Response Initiative through its Corporate Social Responsibility (CSR) entity, John Keells Foundation. Implemented in partnership with Group businesses across the Island, this initiative has made significant strides in supporting and empowering communities, aligning with the […]
Chinese Foreign Affairs Vice Minister pays courtesy call on President, affirms support for recovery
President Ranil Wickremesinghe received a courtesy call from Sun Weidong, the Vice Minister of Foreign Affairs from the People’s Republic of China. The meeting took place at the Presidential Secretariat yesterday (30) and was attended by officials from both nations. During the discussions, Vice Minister Sun Weidong reiterated China’s steadfast support for Sri Lanka in […]
Prabath Malavige Elevates to Managing Director at Sri Lanka Ports Authority
Senior Port Management and Logistics Professional Prabath J. Malavige has been promoted to the position of Managing Director at the Sri Lanka Ports Authority. With over 18 years of industry experience, he has distinguished himself as the youngest professional ever appointed to the role of Managing Director at the Sri Lanka Ports Authority. Malavige’s educational […]
Brazilian technical assistance to dairy and sugarcane industries in Sri Lanka
High-Level Technical Team of eight professionals from the Federal University of Viçosa, Federal University of Sao Carlos and the Brazilian Cooperation Agency (ABC) is scheduled to undertake a technical visit to Sri Lanka with a view to providing Brazilian Technical Assistance for the development and capacity building of the Dairy and Sugarcane industries in Sri […]
Sri Lanka and China to commence 12th round of Diplomatic Consultations
Vice Minister of Foreign Affairs of the People’s Republic of China Sun Weidong will lead a Foreign Ministry delegation to Sri Lanka from 29 May to 01 June 2023, to co-chair the 12th round of Diplomatic Consultations between the two countries with Secretary, Foreign Affairs of Sri Lanka Aruni Wijewardane. The discussions are expected to […]
New online passport application system initiated; Passports to be delivered within 3 days
The Immigration and Emigration Controller General, Harsha Ilukpitiya, announced that President Ranil Wickremesinghe’s initiative to digitize public services includes the implementation of an online passport application system in the coming days. This new process aims to streamline the passport application process and ensure that passports are delivered to applicants’ residences within a span of three […]