Category: Other
IFC, EBRD, EU, and France Help Deliver Largest FDI in Ukraine Since Invasion
IFC, a member of the World Bank Group, and the European Bank for Reconstruction and Development (EBRD), with support from the European Commission (EC) and the Government of France in form of guarantees, are enabling an investment program to modernize, expand, and improve telecom service quality in Ukraine. IFC and the EBRD are jointly providing […]
Advocata Institute Congratulates New President; Offers Expertise in Research and Policy Support
The Advocata Institute extends its heartfelt congratulations to Anura Kumara Dissanayake on his election as the 9th Executive President of the Democratic Socialist Republic of Sri Lanka. In a message addressed to the President, Murtaza Jafferjee, Chairman of the Advocata Institute, and Dhananath Fernando, Chief Executive Officer, acknowledged the trust and confidence placed in President […]
Sri Lanka Facilitates Repatriation of 56 Pakistani Prisoners
Sri Lanka has successfully facilitated the repatriation of 56 Pakistani prisoners who had been languishing in Sri Lankan jails for several years. The group, comprising 51 men and 5 women, was flown back to Pakistan on a specially chartered plane. This humanitarian effort was made possible through the efforts of Pakistan’s Federal Interior Minister Mohsin […]
Central Bank of Sri Lanka Discontinues Pension Payments for Governors
The Central Bank of Sri Lanka (CBSL) has announced a significant change in its pension policy for former Governors, effective from September 11, 2024. Under the revised rules, any Governor appointed after January 1, 1998, will no longer be eligible for pension payments. This move comes as part of a broader reform under the CBSL […]
External Affairs Minister S Jaishankar to visit Colombo this week
External Affairs Minister S. Jaishankar is set to visit Colombo this week, marking the first high-level engagement with newly elected President Anura Kumara Dissanayake. This visit aims to reaffirm India’s commitment to Sri Lanka, especially amidst concerns about potential shifts in foreign policy under the new Marxist leadership.
Presidential Subsidy Initiative Supports Farmers and Fishermen
President Anura Kumara Dissanayake has instructed the Treasury to provide an allowance of Rs. 25,000 per hectare to paddy farmers for the Maha season of 2024/25. According to this initiative, the fertilizer subsidy, which was previously set at Rs. 15,000 per hectare, will be increased to Rs. 25,000. This enhanced subsidy will take effect starting […]
Planters’ Association of Ceylon welcomes new President : Calls for collaborative efforts to transform sector
The Planters’ Association of Ceylon (PA) congratulates NPP leader Anura Kumara Dissanayake on his election as the 9 th Executive President of Sri Lanka and called for renewed collaboration to secure sustainable growth and livelihood empowerment within the plantation sector. The Association called on President Dissanayake to initiate a transformative era for the plantation industry […]
” National Rating; Outlook Stable
Fitch Ratings has assigned Sri Lanka-based Bogawantalawa Tea Estates PLC a first-time National Long-Term Rating of ‘A(lka)’ with a Stable Outlook. Fitch has also assigned Bogawantalawa’s outstanding senior unsecured debentures a National Long-Term Rating of ‘A(lka)’. Bogawantalawa’s ratings are driven by the long-term structural decline at Sri Lankan tea plantations amid regulatory overhang on costs, […]
CA Sri Lanka signs MOU with University of Ruhuna
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the University of Ruhuna signed a Memorandum of Understanding (MoU) recently aimed at enhancing seamless collaborative efforts for professional education of university students. The primary objective of this MOU is to improve collaborations between CA Sri Lanka and the University of Ruhuna to allow […]
CCC and FCCISL Extend Congratulations to the New President
Ceylon Chamber Congratulates New President The Ceylon Chamber of Commerce wishes to congratulate President Anura Kumara Dissanayake on being elected the 9th President of Sri Lanka. We call for all parties to continue to respect the outcome of the election in a peaceful manner without disturbing the normalcy of the public, demonstrating our respect towards […]
ComBank commences planting 10,000 trees in Kilinochchi and Jaffna districts
The Commercial Bank of Ceylon has embarked on a project to plant 10,000 trees in the northern districts of Jaffna and Kilinochchi as part of the Bank’s country-wide effort to promote sustainability. The trees are to be planted on 600 acres of land owned by the University of Jaffna in Kilinochchi and Jaffna, and on […]
University of Jaffna – 50 Years of challenges, resilience and excellence! My memories!
By Dr. Kingsley Bernard The University of Jaffna, located in the Northern Province of Sri Lanka, has a rich and complex history deeply intertwined with the region’s cultural, social, and political landscape. The University of Jaffna was officially established on 6th October, 1974, as the sixth campus of the University of Sri Lanka, under the […]