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Captain Nihal Keppetipola assumes duties as new Chairman of Sri Lanka Ports Authority
Captain Nihal Keppetipola assumed duties as the 27th Chairman of the Sri Lanka Ports Authority yesterday (22.06.2021). On the instructions of President Gotabaya Rajapaksa, the appointment was made by the Minister of Ports and Shipping Rohitha Abeygunawardena. Capt. Nihal Keppetipola, a professional in the field of Merchant Shipping, served as the Managing Director of the […]
NCPI based Inflation increased to 6.1-pct in May 2021
Headline inflation, as measured by the year-on-year change in the National Consumer Price Index increased to 6.1 percent in May 2021 from 5.5 percent in April 2021, mainly driven by the monthly increases in prices of items in both the Food and Non-food categories. Meanwhile, Food inflation increased to 10.3 percent in May 2021 from […]
Donation of another 125 Oxygen Cylinders & 10 Oxygen Regulators from Doha-Qatar
The Embassy of Sri Lanka in Doha facilitated the second air shipment of 125 Oxygen Cylinders and 10 Oxygen Regulators to the Government of Sri Lanka, in a view of strengthening the capacity of the health sector to overcome the COVID-19 pandemic. Upon the request made by Ambassador of Sri Lanka to Qatar M. Mafaz […]
Sri Lanka records USD 884Mn exports in May 2021
Sri Lanka’s export sector performance has been able to manage its growth momentum in May 2021 with the challenges of the Covid-19 pandemic. As per the statistics released by Sri Lanka Customs, Sri Lanka’s merchandise exports in May 2021 were US$ 884.2 Million, an increase of 50.71% over US$ 586.7 Million in May 2020. Sri […]
‘ Association appeals for cost-sharing from Business Partners
The Sri Lanka Retailers’ Association (SLRA), the apex body for organised retail in Sri Lanka, issued a communique requesting landlords, lessors, and business partners reduce leases and rentals for the Association’s membership. • Lease and Rental Reductions • Support towards loan repayments restructure • Utility and trade levy reduction/postponement SLRA President Murali Prakash appealed to […]
UN-EU experts deploy to support SL address environmental impact of MV X-press Pearl disaster
A UN team of oil spill and chemical experts, provided by the European Union (EU), is working with the Sri Lankan Government to assess the impact on the environment caused by the MV X-press Pearl disaster. The team from the UN, France and Italy is a collaboration between the humanitarian arm of the European Union […]
Central Bank adds Thai Baht to list of designated foreign currencies
Sri Lanka’s Central Bank has included the official currency of Thailand, the Thai baht to the list of designated foreign currencies under the Off-Shore Banking Business Scheme. The Central Bank said in a banking act order that this order replaces the earlier order issued on 27 October 2011. Designated Foreign Currencies under the New Banking […]
CSE to introduce Delivery Vs. Payment mechanism to Sri Lankan Stock Market
The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) announce the introduction of a Delivery vs Payment (DVP) system for stock market transactions. The Go Live is scheduled for 26th July 2021 subject to a final round of testing and industry wide mock runs. The objective of introducing a […]
CSE announces changes in S&P SL20 at mid-year index rebalance
The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2021 mid-year index rebalance. The exclusions and inclusions as announced by S&P Dow Jones Indices, effective from 21st June 2021 (after the market close of 18th June 2021) are presented below […]
Sri Lanka seeks collaboration on Graphene applications with Russian Company
The State Ministry of Regional Cooperation, recognizing the potential of Sri Lanka’s natural resources to contribute to the country’s economy, has been facilitating to explore means by which the country could sustainably harness minerals for Sri Lanka’s economic growth. Cognizant of the significance of this initiative, the Ambassador of Sri Lanka to Russia, Prof. M.D. […]
Travel restrictions to be relaxed from June 21st: Inter-provincial restrictions to remain
Inter-provincial travel restrictions to remain… Permission to conduct last rites on non-COVID 19 deaths within 24 hours… It has been decided to relax travel restrictions from 4 am on the 21st of June. However, President Gotabaya Rajapaksa instructed the officials not to relax the inter-provincial travel restrictions. Travel restrictions will be re-imposed and continue from […]
Enjoy lucrative career as CA Sri Lanka Certified Tax Accountant
Amidst an extremely competitive work environment, both students and professionals are increasingly focusing on enhancing their knowledge and skills by embracing multiple qualifications which are considered contemporary in today’s challenging world. The Certified Tax Accountant qualification more popularly known as CTA introduced by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is […]