Category:
Best countries for travel & remote working in 2022: Sri Lanka ranks 2nd in Asia-Pacific
As more people embrace flexible working environments and set their sights on their next ‘workation’ (AKA, a vacation that blends leisure and remote working), KAYAK, the world’s leading travel search engine, reveals the best countries in the world to work remotely from, with Portugal topping the list. Sri Lanka landed in an impressive 2nd place […]
Sri Lanka maintains official reserves at USD 2.3bn in February
Sri Lanka’s official reserve assets were 2.3 billion US dollars (USD 2,314mn) by the end of February, slightly down from 2.3 billion US dollars (USD 2,361mn) in January this year, the latest Central Bank data showed. By the end of February, the foreign currency reserves were 2,025 million dollars while the reserve position in the […]
CBSL allows greater flexibility in exchange rate with immediate effect; not more than Rs 230 per USD
Sri Lanka’s Central Bank says that greater flexibility in the exchange rate will be allowed to the markets with immediate effect. Releasing a statement, the bank said that they are also of the view that forex transactions would take place at levels which are not more than Rs. 230 per US dollar. Full Statement Policy […]
Nation branding of Sri Lanka on global stage requires a more collaborative approach
Nuwan Gamage, Vice President of Sri Lanka Institute of Marketing Sri Lanka is currently facing several economic challenges and in order to steer the country out of this difficult situation, it is imperative that Sri Lanka takes bold steps that will make the country ‘future ready’. Among them, Nation Branding is an approach that can […]
HERCapital by Hatch: Pioneering gender smart funding in Sri Lanka
Gender disparity within the entrepreneurial world is a globally prevalent problem, often stemming from the underrepresentation of women in the labour force and leadership positions. This imbalance in diversity is mainly seen in markets with no gender-smart funding, which makes gender a key component in their program. The lack of gender diversity at the firm […]
Hambantota Port Declares 2022 the ‘Year of Construction’
The Hambantota International Port (HIP) has declared 2022 as a ‘Year of Construction’, with several ongoing projects reaching different stages of building their respective plants in the Port’s Industrial park. HIP is fully concentrated on getting the projects off the ground so that the first phase of the park would be up and running by […]
VIDEO: Nato rejects Ukraine’s request for no-fly zone, fearing expanded war
Nato rejected Kyiv’s request to set up a no-fly zone, saying the move would escalate the war beyond Ukraine and risk endangering Nato allies. Dissatisfied with the decision, protesters gathered outside Nato headquarters in Brussels to urge that it impose the no-fly zone.
Cabinet reshuffle: New Ministers for Transport and Wildlife
Under the Cabinet reshuffle, two Cabinet Ministers and a State Minister were sworn in before President Gotabaya Rajapaksa at the Presidential Secretariat today (04). Arundika Fernando, who resigned from his post earlier, was sworn in as a State Minister again. C.B. Rathnayake – Minister of Wildlife & Forest Conservation Dilum Amunugama – […]
Joint Chambers urge govt to resolve forex shortage; commence foreign debt restructuring & pursue IMF support
The Joint Chambers of Commerce met on March 3rd, 2022 and deliberated on the on-going forex crisis in the country and its impact on business activity and the economy. Consequent to this meeting, 9 Chambers (whose logos are shown above the text) have agreed to unanimously release the following statement. The on-going forex crisis has […]
& electricity tariffs; postpone non-urgent projects
As the Economic and Financial Advisor of the government, the Central Bank advises the Government to diligently consider a number of measures to overcome the challenging economic circumstances faced by the country. a) introducing measures to discourage non-essential and non-urgent imports urgently based on the previous recommendation made by the Central Bank b) increasing fuel […]
Central Bank further tightens Monetary Policy Stance
The Monetary Board of the Central Bank, at its meeting held on 03 March 2022, has decided to reinforce its stance adopted in January 2022. Accordingly, it has been decided to; a) increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points each, […]
Reshuffle in Ministerial portfolios; Wimal, Gammanpila removed from portfolios: PMD
Minister of Industries Wimal Weerawansa and Minister of Energy Udaya Gammanpila, have been removed from their ministerial portfolios today (03) in accordance with the powers vested in President Gotabaya Rajapaksa. Following the removal of Wimal Weerawansa and Udaya Gammanpila from their ministerial portfolios, several ministries have been reshuffled. Gamini Lokuge was sworn in as the […]