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“Our Goal is one million Chinese tourists to Sri Lanka” Dr. Palitha Kohona
Ambassador of Sri Lanka to China Dr. Palitha Kohona speaking at the Innovation and Development of Cities Summit, attended by many Chinese tour operators and environmental NGOs, encouraged Chinese tour groups to direct at least a million tourists to Sri Lanka. The Ambassador elaborated on Sri Lanka’s green credentials, including its vast forest cover, the 7000 odd […]
Women in Management, IFC launch 11th Professional and Career Women Awards
Marking its 11th year of honoring inspiring Sri Lankan women, Women in Management (WIM), in collaboration with Women in Work, a partnership between IFC and the government of Australia, today opened nominations for the ‘Top 50’ Professional and Career Women Awards 2021. This will be IFC’s seventh consecutive year – fourth under the IFC-DFAT Women […]
Domestic smartphone consumers garnered access to quality assured mobile imports
TRC issues Gazette Extraordinary 2196/51 ensures consumer protection against illegal smartphone trade The smartphone customers of Sri Lanka is protected from illegal smartphone imports owing to a revolutionary gazette issued by TRCSL (Telecommunication Regulatory Commission of Sri Lanka). The Gazette Extraordinary 2196/51, issued in December 2020, stipulates that the Type Allocation Code (TAC) letter issued […]
INSEE cement commits to Environment with new mangrove restoration project
Continuing with its efforts to protect and restore our environment, INSEE Cement, Sri Lanka’s only fully-integrated cement manufacturer, recently kicked of its latest Mangrove Restoration Project. This new initiative will work to restore 1 hectare of natural mangrove forest in the vicinity of the Searakkuliya Lagoon, Aruvakkaru, in the Puttalam District. Adding to INSEEs ongoing […]
Sri Lanka promotes products and tourism at Chinese international exposition
Guangdong 21st Century Maritime Silk Road International Exposition 2021 was held from 24-26 September at the Canton Fair complex, in Guangzhou, organized by the China Council for the Promotion of International Trade Guangdong Committee and Department of Commerce of Guangdong. The Consulate General of Sri Lanka in Guangzhou, participated with a country pavilion, consisting of 36 […]
MoU between Kaduwela Municipal and UNDP to expand waste to energy plant signed
Sri Lanka is in the process of transforming its current development trajectory into a green and low carbon pathway, with a concerted push towards a green economy and green development. Particularly, the recognition of progress made towards the targets of the Sustainable Development Goals (SDGs) and the necessity of increasing the contribution of renewable energy […]
‘s Six-Month Road Map at a glance
Sri Lanka’s Central Bank on Friday outlined the key measures and tools they will use to ensure macroeconomic & financial system stability in the country for the next six months. • Intervene in the FX market by providing the funds to finance the country’s energy bills, and thereby to infuse liquidity • Promote investments in […]
Central Bank removes cash margin deposit requirement on non-essential imports
Sri Lanka’s Central Bank has decided to discontinue the 100 percent cash margin deposit requirement against the importation of selected goods of non-essential/non-urgent nature with immediate effect. The decision to impose a cash margin deposit requirement was expected to support the efforts to preserve the stability of the exchange rate and foreign currency market liquidity, […]
WB supports safe, climate-resilient transport connectivity to strengthen agricultural supply chains
The World Bank’s Board of Executive Directors today approved $500 million in financing for Sri Lanka to provide safe, climate-resilient roads to connect agricultural supply chains through the Inclusive Connectivity and Development Project. This project is expected to benefit around 16 million people living in rural communities in selected districts of Sri Lanka. In Sri Lanka, […]
Central Bank requests Govt to tax export profits at 28-pct where forex is not repatriated & converted
Sri Lanka’s Central Bank requests the government to tax profits of exporters at 28 percent and not 14 percent where forex is not repatriated & converted. Unveiling the Six-Month Road Map for Ensuring Macroeconomic & Financial System Stability, Governor Ajith Nivard Cabraal said that there will be specified limits. Service related foreign exchange inflows will […]
SL must increase its efforts to protect and promote human capital of elderly :World Bank
In Sri Lanka, 12.3% of the population is aged 60 or older, making it the country with the highest proportion of older adults in South Asia. The Western province has the highest percentage of the country’s elderly at 31.7%, while the Northern Province has the least at 4.8%. In just 15 years, more than one in […]
VIDEO: 6-Month Road Map for Ensuring Macroeconomic & Financial System Stability
The Six-Month Road Map for Ensuring Macroeconomic & Financial System Stability