Category: Special Reports
Ceylon Chamber of Commerce Introduces Privilege Card for Members
The Ceylon Chamber of Commerce announced the launch of the Chamber Membership Privilege Card offering members access to an extensive range of privileges and benefits. The Membership Card will enable members of the Chamber to benefit from a wide range of exclusive rates, offers, discounts and other privileges courtesy of an island wide network of […]
University of Kelaniya signs MOU with Ogilvy Digital for new Digital Marketing Degree
The University of Kelaniya signed a Memorandum of Understanding (MOU) with Ogilvy Digital, the leading digital technology agency in the country to impart its industry expertise and knowledge for the University’s specialised Digital Marketing Degree Programme. The Digital Marketing Degree is the first such programme to be introduced by a state University. With this MOU, […]
UN expert calls for ‘inclusive society’ to end scourge of slavery in Sri Lanka
Sri Lanka has a robust legal framework to tackle contemporary forms of slavery and been making progress in other areas, such as increasing minimum age of employment from 14 to 16 and the establishment of a child-labour free zone. However, Sri Lanka must become more inclusive and embrace all sectors of society if it is […]
Sri Lanka detects first Omicron variant case
Sri Lanka’s Health Promotion Bureau has confirmed that the first case of the Omicron variant of the coronavirus was detected in Sri Lanka. Accordingly, a Sri Lankan who returned from Nigeria on the 23 of November has been tested positive for COVID-19 new variant Omicron.
U.S. donates nearly 200,000 additional Pfizer-BioNTech vaccines to Sri Lanka
Nearly 200,000 additional Pfizer-BioNTech vaccine doses arrived in Sri Lanka today as a donation from the American people. This gift demonstrates the ongoing commitment of the United States to support Sri Lanka in the fight against COVID-19. As the pandemic continues and new variants emerge, the United States continues to partner with the Sri Lankan Ministry […]
What really is a Sovereign Debt Restructuring Process?
This information note explains the sovereign debt restructuring process which is based on a document released by the IMF as the first comprehensive attempt to describe each step of the process. Introduction All sovereign debt workouts are painful — for the debtor country, its citizens, its creditors and its official sector sponsors. If mishandled, a […]
Ceylon Chamber of Commerce joins global movement to end gender-based violence
The Ceylon Chamber of Commerce pledges to join the fight to end gender-based violence by joining the global campaign “Orange the World: 16 Days of Activism against Gender-Based Violence’. In Sri Lanka, the first dedicated national survey on violence against women and girls, the Women’s Wellbeing Survey, revealed that two in five women were subjected […]
US Delivers USD 150Mn in Financing to DFCC Bank to Support Community-Based Women Entrepreneurs
The United States government disbursed USD 150 million in financing to DFCC Bank on November 12 to support sustainable development of Sri Lankan community-based businesses. This is the largest loan disbursement by the U.S. Development Finance Corporation (DFC) for Sri Lanka, and it is part of a USD 265 million commitment designed to support the local Micro, Small, and Medium Enterprise […]
Germany pledges to convert Euro 13mn Loan into a Grant for completing New Maternity Hospital
Strengthening the long standing close partnership between the Government of Germany and the Government of Sri Lanka, German Government proposed to convert the supplementary loan obtained from the German KfW bank for completing the New Maternity Hospital (Teaching) Galle into a grant. Accordingly, Secretary to the Ministry of Finance, S R Attygalle, Head of Division, […]
CA Sri Lanka launches virtual career guidance sessions to reconnect with students
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently launched a virtual career guidance session aimed at reconnecting with lapsed students. The session titled “Reset – Refresh – Renew” targeted CA students who dropped out mid-way during the programme. During the highly interactive session, students were educated on the importance of […]
Sri Lanka completes vaccination for over 60-pct of population
The Deputy Director General of Health Services, Dr. Hemantha Herath says that over 60% of the total population in Sri Lanka has been fully vaccinated as per the latest statistics. According to him, nearly 70% of the people have been given the first dose of any vaccine. Dr. Herath said that they are targeting 70% […]
Sri Lanka & Thailand hold high-powered talks to explore mutually beneficial investment corridors
To further enhance and expand investment corridors between Sri Lanka and Thailand, the Embassy and Permanent Mission of Sri Lanka in Bangkok, together with the Board of Investment of Sri Lanka and China Harbour Engineering Company (CHEC) Port City Colombo (Pvt) Ltd, co-hosted a high-powered dialogue by inviting leading line agencies and trade chambers of […]