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Amendment to Penal Code protecting LGBTQ+ rights of Sri Lankans handed over to President
A bill to amend the Penal Code with the aim of protecting the rights of the LGBTQ+ communities in Sri Lanka was handed over to President Ranil Wickremesinghe today (24) by Member of Parliament and lawyer Premanath C. Dolawatta. This bill to amend the Penal Code was submitted to the Parliament yesterday (23) by MP […]
16 Key Private Sector Leaders come together to support Food Security efforts
The private sector in Sri Lanka has historically played a key role in providing support to humanitarian efforts; rebuilding from the devastating effects of the Indian Ocean Tsunami, Seasonal floods, tackling the COVID-19 pandemic, and now, supporting socio-economic recovery for the most vulnerable communities in the country. The United Nations Development Programme (UNDP) in Sri […]
Envisioning future of Sri Lanka with Ultra-Fast Fibre & 5G: SLT-MOBITEL Technology Chiefs discusses evolving trends
The SLT-MOBITEL brand has reinforced its leadership as a true digital enabler further emphasizing its promise of enriching people’s digital lives and empowering businesses to unlock their fullest potential. Mangala Samarajeewa, SLT Chief Network Officer and Rasantha Hettithanthrige, Mobitel Chief Technology Officer elaborates on how the Group is paving the way for network modernization, ensuring […]
Australia to provide additional 25 million dollars in humanitarian assistance for Sri Lanka
Australia will provide an additional $25 million to help Sri Lanka meet urgent food and healthcare needs, as it confronts its worst economic crisis in 70 years. During this challenging period, Australia stands with the people of Sri Lanka, especially those experiencing severe hardship. This additional support brings Australia’s Official Development Assistance response to million. […]
Government officials’ foreign employment and referral program expedited
The attention of the government has been directed towards the expansion of the government officials’ foreign employment and referral program. During the discussion with the President’s Secretary Saman Ekanayake, focus was placed on expediting the program on increasing foreign exchange through productively engaging state sector employees in foreign employment and resolving the issues faced by […]
UK-based supply chain start-up Kavida AI to help reduce risk profile of Sri Lanka’s apparel sector
UK-based Digital Supply Chain Start-up – facilitated by The American Chamber of Commerce (AMCHAM) in Sri Lanka, have launched Resilient Sri Lanka a new industry forum on a mission to build resilience into Sri Lanka manufacturing. The forum launched its first event with ‘De-risking Sri Lankan Apparel”, an in-person workshop on 18 August, 2022, at […]
We want to restructure only foreign debt &’s a win-win situation, CB Governor reiterates
Central Bank Governor reiterated on Thursday that the government’s position about debt restructuring remains the same and intends to restructure only the external debt. “What the President recently said was that the financial advisors are looking at the scenarios of any restructuring of domestic debt. But the government position still remains that we intend to […]
We have almost completed targets to reach staff level agreement: CBSL Governor
Sri Lanka’s Central Bank Governor says that they have almost completed all the required targets to reach a staff-level agreement with the IMF mission due in Sri Lanka at the end of this month. “IMF mission is planning to come here towards the end of the month with an intention to reach the staff level […]
Land Valuation Indicator for Colombo District increased by 17-pct during 1H 2022
Land Valuation Indicator (LVI) for Colombo District increased to 186.9 with a year-on-year change of 17.0 percent during the first half of 2022. This annual increase (17.0) and the semi-annual increase (4.6 percent) of LVI, showed a deceleration of the increasing trend observed in the second half of 2021. All sub-indicators of LVI, namely Residential […]
CBSL Monetary Policy Statement Indicates Economic/Forex Stabilisation
August 18, 2022 (LBO) – The monetary policy statement released by the Central Bank of Sri Lanka indicated stabilisation of the Sri Lankan currency and economy across a broad range of measures. “Pressures witnessed in the domestic foreign exchange market have eased to a large extent with the notable decline in import expenditure and improved […]
Groundbreaking ceremony for INSEE Warehouse at Hambantota Port Industrial Park
INSEE Cement, Sri Lanka’s leading cement manufacturer, began construction of their mega capacity warehouse within the industrial park in Hambantota International Port (HIP) last week. The US$ 3 million investment by INSEE will be the largest warehousing facility inside a port in Sri Lanka for raw materials used in the production of cement. The warehouse […]
Finance Minister requests the public to deposit or sell foreign currency notes in possession
In order to attract foreign currency held with the public into the banking system, the Minister of Finance has issued an Order granting an amnesty period of 1 month effective from 15.08.2022 for persons in, or resident in, Sri Lanka who hold foreign currency notes in possession to: i. Deposit into a Personal Foreign Currency […]