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Bangladesh corporate sector ready to expand economic cooperation with Sri Lanka
Sri Lanka High Commissioner to Bangladesh said that profound historical and cultural relations have lasted between Sri Lanka and Bangladesh and it is time to deepen the economic cooperation between the two countries. High Commissioner Professor Sudharshan Seneviratne highlighted the idea at a meeting held with the President of the Federation of Bangladesh Chamber of […]
ADB forecasts SL’s economic growth to dip to 2.4-pct in 2022
The Asian Development Bank’s (ADB) annual flagship economic publication forecasts a muted recovery from the coronavirus disease (COVID19) pandemic as Sri Lanka’s economy grapples with macroeconomic challenges arising from high debt, low foreign reserves, and inflationary pressures. ADB forecasts Sri Lanka’s economic growth to dip to 2.4% in 2022 and improve marginally to 2.5% in […]
‘ Association
The Colombo Tea Traders’ Association established in 1894 is the apex private sector body comprising of all Stakeholders namely Growers, Manufacturers, Brokers and Buyers/Exporters. The Industry supports the livelihood of over 2 million people and is pivotal in sustaining the key areas in the rural economy. Sri Lanka exports over 90% of its annual production […]
CA Sri Lanka calls upon all political parties to urgently appoint a team to negotiate with IMF
CA Sri Lanka urges the government, in consultation with all political parties, to formulate a plan, including engagement with the International Monetary Fund (IMF). Releasing a statement, the professional body said that all political parties in the country should come to a consensus and urgently appoint a team to negotiate with the IMF, thereby ensuring […]
Korea doubles its employment quota for Sri Lankan migrant workers
Minister for Government Policy Coordination of the Republic of Korea, Koo Yun-cheol, who is on an official visit to Sri Lanka, called on the Minister of Foreign Affairs, Prof. G.L. Peiris on 01 April, 2022. The meeting was followed by a luncheon where two sides discussed the entire gamut of bilateral relations and explored ways to […]
‘s power can no longer be contained by the chains of corruption: Transparency International
Transparency International Sri Lanka (TISL) calls for the current administration to bow to the will of the people. Releasing a statement, the TISL also calls on the law enforcement authorities to act independently in order to ensure that those in power are held accountable for their actions. Full Statement Transparency International Sri Lanka (TISL), as […]
Four ministers appointed to maintain affairs of Parliament and other functions
President Gotabaya Rajapaksa today (04) appointed four Ministers to maintain the affairs of the Parliament and other functions of the country legitimately and stably until a full Cabinet is appointed. These Ministers were appointed as there is a need to appoint a Leader of the House and a Chief Government Whip for the functioning of […]
Anti-government protests continue in Sri Lanka
Mass protests demanding the resignation of the government are being held across Sri Lanka amid a worsening economic crisis. Sri Lankan migrants in the US, UK, Australia, New Zealand, France, and Japan also protested against the government and its anti-democratic moves. “The president invites all political parties in parliament to accept cabinet posts and join […]
President invites all political parties to accept ministerial portfolios
President Gotabaya Rajapaksa invited all political parties to come together to find solutions to the ongoing national crisis.The current crisis is a result of several economic factors and global developments. As one of the leading democratic countries in Asia, solutions should be found to this within a democratic framework.Considering this a national need, the time […]
Ceylon Chamber gravely concerned about consequences of recent actions
The Ceylon Chamber of Commerce is gravely concerned about the far-reaching adverse consequences of certain actions being taken by the Government on economic activity such as tourism, trade, exports and e-commerce dependent on social media platforms, while appreciating the need to maintain law and order and public security in the country. The adverse coverage Sri […]
PUCSL files FR petition against CEB, CBSL, Finance Ministry & Power Minister
The Public Utilities Commission of Sri Lanka – the electricity sector regulator, filed a Fundamental Rights petition in the Supreme Court today (1st April 2022) naming the following Respondents; the Ministry of Finance, the Minister of Power and Energy, Monetary Board, Governor of the Central Bank, the Electricity Board and all other stakeholders of government […]
IMF to initiate discussions with Sri Lanka for support & financial program in coming days
The International Monetary Fund will initiate discussions with Sri Lankan authorities for new support & financial program in the coming days, IMF spokesperson Gerry Rice said on Thursday. “The Sri Lankan authorities have expressed interest in an IMF support and financial program. The answer is yes. On the status of that discussion, we plan to […]