Author: lbostgadmin
Oil Spill Drill at Hambantota International Port
Hambantota International Port (HIP) in partnership with the Sri Lanka Coast Guard and the Sri Lanka Navy, conducted an oil spill drill last week, to enhance their emergency preparedness. “While all health and safety measures are in place to prevent accidents, we are also prepared for the unexpected. Therefore, drills of this nature are mandatory […]
Central Bank maintains policy interest rates at their current levels
The Monetary Policy Board of the Central Bank decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels. The Board arrived at this decision following a comprehensive assessment of domestic and international macroeconomic developments in order to maintain inflation at the […]
Sri Lankans resettled in Tamil Nadu receive passports
The Deputy High Commission of Sri Lanka in Chennai conducted an event on 19 January 2024 to hand over the first batch of ” All Country Passports” to Sri Lankan nationals resettled in Tamil Nadu. The Government of Sri Lanka has so far been issuing a travel document called Refugee Repatriation Passport for this segment […]
Primary & Budget Balances move in opposite directions as interest payments increase
The Fiscal Management Report 2024 published by the Ministry of Finance, shows that the Primary Balance improved from LKR -317 Bn in the 3rd quarter of 2022 to a positive LKR 124 Bn in the 3rd quarter of 2023, as reported by publicfinance.lk. The Budget Deficit, however, worsened from LKR -1,244 to LKR -1,614, this […]
Sri Lanks President addresses the 19th Summit of Non-Aligned Movement
President Ranil Wickremesinghe called on the Non-Aligned Movement (NAM) tobecome a dynamic bloc of the Global South capable of making an effective impact in shaping the evolving new order while addressing the 19th Summit of the Heads of State and Government of the NAM today (19th January), in Kampala, Uganda. President Wickremesinghe is participating at the 19th NAM Summit […]
IMF Staff concludes visit to Sri Lanka; highlights introduction of a progressive property tax
An International Monetary Fund (IMF) mission team led by Peter Breuer visited Sri Lanka from January 11 to 19, 2024 to discuss recent macroeconomic developments and progress in implementing economic and financial policies under the EFF arrangement. At the end of the mission, he issued the following statement: “The economic reform program implemented by the […]
99x Achieves ISTQB Platinum Partner Status Elevating Software Quality Assurance Excellence
99x, a global IT services company, proudly announces its achievement of the prestigious International Software Testing Qualifications Board (ISTQB) Platinum partnership, marking a significant milestone in the company’s commitment to maintain certifications of its staff to provide world-class quality assurance (QA) services. The ISTQB Platinum partnership is a testament to 99x’s unwavering dedication to upholding […]
Heshana Kuruppu ceremoniously inducted as the 27th President of CA Sri Lanka
Renowned Chartered Accountant, Heshana Kuruppu, was inducted as the 27th President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) at a gala event on 18th January 2024 at the Shangri-La Hotel, Colombo. Mr. Kuruppu was ceremoniously inducted as the new President by outgoing President Mr. Sanjaya Bandara, in the presence of […]
CA Sri Lanka hosts 82nd SAFA Board Meeting in Colombo and assumes Presidency
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), as a founding member of the South Asian Federation of Accountants (SAFA) proudly hosted the 82nd SAFA Board Meeting at the Shangri-La Hotel, Colombo on 18th January 2024. The event brought together distinguished SAFA Board Members from SAARC countries and special invitees. The […]
Hatch and Sarvodaya launch “GoviLab” AgriTech accelerator
Sarvodaya, a grassroots organization, is partnering with Hatch – Sri Lanka’s largest innovation and entrepreneurship development organization, to launch the “GoviLab” AgriTech Accelerator. This is an integral part of Sri Lanka’s Inclusive Digital Agriculture Transformation (IDAT) strategy, a one-of-a-kind national initiative brought about by the collaborative efforts of the Government of Sri Lanka and the […]
Online Safety Bill is reminiscence of Censorship against media, civil society, says Eran
Eran Wickramarathne MP outlining the dangers of the proposed Online Safety Bill hastily proposed by the government warned that it could leave room for violating Article 12 (1) of the Constitution in different ways. This law prescribes there can be criminal liability for somebody who breaks this law. If somebody makes a false statement there […]
SL Commits to Fair Trade Collaboration: EDB & International Fair Trade Networks Sign a Cooperation Framework
In a Strategic move to promote International Fair Trade and foster global cooperation, Sri Lanka officially signed the Framework of Cooperation (FOC) with international fair trade networks in Colombo recently. The signing ceremony, attended by representatives from major fair trade and supporting organizations, took place at the Colombo Ramada Hotel. The primary objective of the […]