Author: lbostgadmin
‘s draft ‘rehabilitation’ law would spur abuse: Human Rights Watch
The Sri Lankan government should withdraw a draft law that would give the authorities broad powers to detain people in military-run “rehabilitation” centers, placing them at great risk of abuse, Human Rights Watch said today. The Bureau of Rehabilitation Bill, submitted to parliament on September 23, 2022, would allow the compulsory detention in centers of “drug dependant persons, […]
VIDEO: 5 Common Investment Scams And How to Avoid Them
There are plenty of scams out there, especially in the world of investing – today we go over 5 of them so you can better avoid them in the future.
PRCA APAC findings shed light to the state of the PR industry in Sri Lanka
The APAC chapter of the Public Relations and Communications Association (PRCA), the world’s largest and influential PR body, carried out a survey during October with the view of understanding and informing on the state of the PR industry in Sri Lanka. The survey was carried out among 33 leaders and senior executives from over local […]
FAO, IFAD and WFP renew commitment to strengthening food security in Sri Lanka
The Food and Agriculture Organization of the United Nations (FAO), together with the International Fund for Agricultural Development (IFAD) and the United Nations World Food Programme (WFP), marked World Food Day at an event held under the auspices of the Prime Minister Dinesh Gunawardena and the Minister of Agriculture Mahinda Amaraweera today. The event theme […]
VIDEO: Japanese yen touches 32-year low against USD
The Japanese yen touched a 32-year low against the US dollar after official figures showed that prices had risen faster than expected in America. The yen fell to 147.66 against the US dollar before regaining some ground. In a rare move last month, Japan spent almost $20bn (£17.6bn) to prop up the country’s struggling currency. […]
Port City Colombo marks anniversary and children’s day with donation of children’s books
Continuing with its various initiatives to uplift communities and create opportunities in Sri Lanka, CHEC Port City Colombo (CPCC), the sole investor and master developer of Port City Colombo (PCC), donated 2,500 translated copies of its inspiring and educational Children’s Storybook, “City Rising from the Ocean”, which has been translated into the Sinhala and Tamil […]
Sri Lanka Central Bank appoints new deputy Governor
The Monetary Board, with the concurrence of the Minister of Finance, has promoted K M A N Daulagala, Assistant Governor and the Secretary to the Monetary Board, to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL) with effect from 07 October 2022. Daulagala has over 31 years of service at […]
Sri Lanka to seek eligibility for IDA loans while remaining as a middle-income country: PMD
The government stated that Sri Lanka will remain a middle-income country and pursue a “reverse graduation” policy for a limited period of time. Releasing a press release, the President’s Media Division said that the Cabinet-approved proposal will only be intended to request the World Bank to grant the country eligibility to obtain loans offered by […]
Ceylon Chamber to Host Sri Lanka Economic Summit 2022
As Sri Lanka begins the monumental task of laying the groundwork for economic revival, the Sri Lanka Economic Summit (SLES) 2022 organised by the Ceylon Chamber of Commerce, will kick-start the conversation on the work that lies ahead, under the theme ‘Resetting from Turmoil to Opportunity’, on December 5th and 6th at the Shangri-La, Colombo. […]
Women in Sri Lanka call for stronger measures to protect their rights
Women leaders from four provinces in Sri Lanka have urged local government authorities to strengthen efforts to protect women, who have been affected by the country’s economic, political and COVID-19 crises this year. From March to September, UN Women hosted a series of Multi-party Dialogues on Women, Peace and Security in nine districts to identify and […]
Sri Lanka cabinet approves downgrade back to low income country
Cabinet has approved a proposal to downgrade Sri Lanka to “low income” category on the World Bank list with the aim of getting access to concessional funding from international organizations. “International organizations had informed the Finance Minister to downgrade Sri Lanka back to the lower income category as access to concessional funding would be easier,” […]
Fitch Ratings: What Is the Outlook for Tourism in Asia
The international tourism recovery in APAC has generally been trailing the rest of the world, due in part to more cautious easing of border restrictions and China’s stringent controls on cross-border travel. Fitch expects the recovery will gain greater traction and turn increasingly broad-based in 2023, underpinned by pent-up demand for travel, stepped-up reopening efforts […]