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Sri Lanka’s Wire communication consultancy group expands globally
Wire Communication Consultancy (WCC) Group announced its accelerated growth momentum with the expansion of its Strategic Public Relations, Communications and Corporate Reputation Management services to Maldives, Australia and New Zealand, setting up operations in the Asia-Pacific region. The entry into a global communication footprint would further solidify WCC’s presence and fortify its contribution to the […]
Sri Lankan import restrictions at odds with WTO rules hurt welfare of citizens: Economists
A panel of eminent economists urged that the Government take credible and decisive action to carry out immediate trade reforms. Advocata’s Academic Chair Dr. Sarath Rajapatirana, emphasised that “Countries that have grown very fast, especially in east asia have understood the importance of trade reform”. Further adding that the first step of such a reform […]
SriLankan Airlines launches flights to Paris
SriLankan Airlines unveils flights to the French capital, Paris. SriLankan‛ s new service will operate scheduled flights between Colombo‛s Bandaranaike International Airport (BIA) and France‛s Paris Charles de Gaulle Airport (CDG) from 1st November 2021. Accordingly, SriLankan would commence thrice weekly, non-stop flights to France every Wednesday, Friday, and Saturday using a fleet of Airbus […]
Government must take meaningful steps without compromising international friendship: Eran
With the corona epidemic and mismanagement of the economy, the country is now facing a Trinity of crises which cannot be cured by this government due to its intrinsic nature of mismanagement said Samagi Jana Balawegaya MP Eran Wickramaratne. Addressing a press conference held at the Opposition Leader’s Office in Colombo today, the Member of […]
VIDEO: Modern Monetary Theory
Modern Monetary Theory is something so simple yet so complex all at the same time, it does really involve divorcing your mind from how you personally interact with money to ultimately grasp how cash works at an economy-wide level. A lot of supporters of the theory push it as a cure-all to any economic ailments, […]
UK decides to maintain proscription of LTTE as a terrorist organization
The UK Home Secretary has decided to maintain the proscription of the Liberation Tigers of Tamil Eelam (LTTE) as a terrorist organization under the UK Terrorism Act No. 7 of 2000. The Home Secretary’s decision, which has been taken following the judgement of the Proscribed Organizations Appeals Commission (POAC), rejects the application of a LTTE […]
CA Sri Lanka unveils Board Leadership Masterclass for corporate directors & executives
The Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) together with the Institute of Directors of Luxembourg launched a ground-breaking 21st Century Board Leadership Model Masterclass for the first time in the country. An exclusive training programme aimed at developing skills and strategy of future ready board members, […]
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Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (CB, AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR10 billion a final National Long-Term Rating of ‘A(lka)’. The final ratings are the same as the expected ratings assigned on 24 June 2021 (and subsequently affirmed on 3 August 2021) and follow […]
United States to support conservation of historical Kandy monuments
The United States government, through the U.S. Ambassadors Fund for Cultural Preservation (AFCP), has awarded a grant to conserve a 17th century Royal Palace and Archaeology Museum in Kandy. Funding for the project totals over 52 million Sri Lankan rupees ($265,000). Since 2001, AFCP has funded 14 projects in Sri Lanka, including the conservation of […]
Sri Lanka needs new water and sanitation policies to unlock investment barriers
Comprehensive policies will improve community access, increase focus on sanitation and investment A new policy could tackle urbanisation challenges for inclusive and sustainable water and sanitation management It can also open new investment approaches to bridge the large financing gaps as the country prepares to rise above the impact of COVID-19 Meeting Sri Lanka’s rapidly […]
Sri Lanka calls for Request for Proposals for Foreign Currency Term Financing Facility
The Government of Sri Lanka intends to raise Foreign Currency Term Financing Facility (FCTF) denominated in United State Dollars (USD), Euro, Chinese Renminbi (RMB) and Japanese Yen (Yen) in 2021. The FCTF is expected to be raised at a fixed rate or a floating rate with a maturity period of 1 year or more.The proceeds […]