Author: lbostgadmin
Japanese Finance Minister to visit Sri Lanka this week
Minister of Finance of Japan, Suzuki Shunichi will undertake an official visit to Sri Lanka from 11-12 January 2024. During the visit, Japanese Finance Minister is scheduled to have official discussions with President Ranil Wickremesinghe and Minister of Foreign Affairs Ali Sabry. Minister of Finance of Japan SUZUKI Shunichi and the delegation will visit Parliament, Jayawardene Centre, […]
The Princess Royal to visit Sri Lanka from 10 – 13 January
The Princess Royal and Vice Admiral Sir Timothy Laurence will arrive in Sri Lanka on Wednesday 10 January for a three-day visit. The visit comes as the two countries mark 75 years of diplomatic relations. The UK and Sri Lanka share many strong personal ties and common interests making the two countries natural partners through […]
Union Bank appoints Dilshan Rodrigo as Deputy CEO
Union Bank announces the appointment of Dilshan Rodrigo as the Deputy Chief Executive Officer with effect from 15 January 2024. Dilshan Rodrigo is a top banking professional with an impressive track record with over two decades of Banking experience. He last served as the Executive Director/Chief Operating Officer at Hatton National Bank (HNB), where he […]
Kshenuka Senewiratne presented credentials as the High Commissioner of Sri Lanka to India
Kshenuka Senewiratne presented credentials as the High Commissioner of Sri Lanka to India, to Smt. Droupadi Murmu, President of India at the Rashtrapati Bhavan on 05 January 2024.
Hambantota Port Sees 26-pct Surge in RO-RO Transshipment Volumes in 2023
On 30th December 2023, the Hambantota International Port (HIP) proved itself as the fastest growing RO-RO transshipment port in the region. With 700,000 transshipment vehicles handled, the port marked a significant 26% increase from 2022 figures. The milestone figure was achieved with Glovis vessel MV. HAE SHIN V.003B handling 3626 units for transshipment to Ulsan […]
SEC approves a regulatory framework for Infrastructure Bonds
The Securities and Exchange Commission (SEC) has approved a regulatory framework to facilitate the issuance and listing of Infrastructure Bonds on the Colombo Stock Exchange (CSE). This landmark decision by the SEC is aimed at fostering both foreign and local investments in infrastructure projects that will contribute to the economic development and well-being of the […]
Understanding Informal Remittances During a Crisis: Experience from Sri Lanka
By Dr Bilesha Weeraratne, Piyumi Ranadewa and Manisha Weeraddana: Introduction Remittances carry vast economic implications for recipient countries at both macro and micro levels. The choice to send remittances through formal channels such as banks, registered money transfer operators, and online platforms, as opposed to informal avenues like Hawala/Undiyal operators or family networks, plays a […]
GALLE CONCERTO 2024: 6 Festivals In Art, Food, Literature & Music; Call for Extended Stays on SL’s South Coast
During the South Coast peak season of January through March of 2024, the ‘Galle Concerto’ series gives impetus to a symphony of heritage and contemporary festivals in art, food, literature, and music. Leading Lankan and international culture makers will be headlining the events – speaking, presenting and creating on topics pertinent and inspiring to Sri […]
Government Initiates VAT Exemption for Ayurvedic Products & Medicines to Lower Healthcare Costs: Minister
State Minister of Indigenous Medicine Sisira Jayakody announced a significant step toward reducing healthcare costs by exempting Ayurvedic products, medicines and industries related to indigenous medicine from Value Added Tax (VAT). The decision aims to make traditional medicine more accessible to the public. Additionally, the State Minister mentioned that the cabinet has granted approval for […]
Navigating the Pharma Landscape in Sri Lanka: A Personal Reflection
By Dr Sayuru Samarasundera: Taking paracetamol when you are having a headache or bandaging your child’s scrap when the child got hurt while playing does not feel like a big deal. However, imagine you have to pay a premium price for a paracetamol pill or a cotton bandage roll and are financially unable to afford […]
CEAT goes Green in Sri Lanka with 2.4 MW solar power plant at Kelaniya
Sri Lanka’s top tyre maker CEAT Kelani Holdings has completed an investment of Rs 475.97 million in a High Tension (HT) metering roof-top photovoltaic panel solar power plant as part of the company’s efforts to reduce the carbon footprint of its manufacturing operations at its Kelaniya complex. The 2.4 MW solar power plant installed by […]
ComBank unveils evolved logo, symbolising commitment to sustainability
The Commercial Bank of Ceylon has begun 2024 by underlining its commitment to sustainability – symbolically as well as literally. The instantly-recognisable Commercial Bank logo in blue will hereafter also feature a green element, representing the Bank’s multifaceted commitment to sustainability, encompassing diversity, inclusivity, good governance, transparency, social equity, accountability and eco-friendly banking solutions, the […]