Category: Special Reports
Kuwait Dinar 10mn loan for construction & equipping Faculty of Medicine at Moratuwa University
A medical faculty is to be established in University of Moratuwa to support the human capital, social & economic development of Sri Lanka, by improving the quality and access to higher education in Medical Sciences and to address the needs of medical services professionals in the country, In this context, The Kuwait Fund for Arab […]
Women in Management, IFC and Government of Australia recognise inspiring women from Sri Lanka and Maldives
The ‘Top50’ Professional and Career Women Awards 2021 – hosted by Women in Management (WIM), in collaboration with Women in Work, a partnership between IFC and the government of Australia – recently honoured inspiring professional and career women in Sri Lanka and Maldives making a mark in their respective fields. The 11th edition of the […]
ADB agrees to reimburse USD 85mn spent for Sinopharm vaccines in Sri Lanka: State Minister
Asian Development Bank has agreed to provide USD 85 million to reimburse the costs of Sinopharm vaccines, State Minister of Production, Supply, and Regulation of Pharmaceuticals Prof. Channa Jayasumana said. He said that the ADB has made this decision considering the transparency in purchases and progress of the vaccination programme in Sri Lanka.
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, […]