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UN-EU experts deploy to support SL address environmental impact of MV X-press Pearl disaster
A UN team of oil spill and chemical experts, provided by the European Union (EU), is working with the Sri Lankan Government to assess the impact on the environment caused by the MV X-press Pearl disaster. The team from the UN, France and Italy is a collaboration between the humanitarian arm of the European Union […]
Central Bank adds Thai Baht to list of designated foreign currencies
Sri Lanka’s Central Bank has included the official currency of Thailand, the Thai baht to the list of designated foreign currencies under the Off-Shore Banking Business Scheme. The Central Bank said in a banking act order that this order replaces the earlier order issued on 27 October 2011. Designated Foreign Currencies under the New Banking […]
CSE to introduce Delivery Vs. Payment mechanism to Sri Lankan Stock Market
The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) announce the introduction of a Delivery vs Payment (DVP) system for stock market transactions. The Go Live is scheduled for 26th July 2021 subject to a final round of testing and industry wide mock runs. The objective of introducing a […]
CSE announces changes in S&P SL20 at mid-year index rebalance
The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2021 mid-year index rebalance. The exclusions and inclusions as announced by S&P Dow Jones Indices, effective from 21st June 2021 (after the market close of 18th June 2021) are presented below […]
Sri Lanka seeks collaboration on Graphene applications with Russian Company
The State Ministry of Regional Cooperation, recognizing the potential of Sri Lanka’s natural resources to contribute to the country’s economy, has been facilitating to explore means by which the country could sustainably harness minerals for Sri Lanka’s economic growth. Cognizant of the significance of this initiative, the Ambassador of Sri Lanka to Russia, Prof. M.D. […]
Travel restrictions to be relaxed from June 21st: Inter-provincial restrictions to remain
Inter-provincial travel restrictions to remain… Permission to conduct last rites on non-COVID 19 deaths within 24 hours… It has been decided to relax travel restrictions from 4 am on the 21st of June. However, President Gotabaya Rajapaksa instructed the officials not to relax the inter-provincial travel restrictions. Travel restrictions will be re-imposed and continue from […]
Enjoy lucrative career as CA Sri Lanka Certified Tax Accountant
Amidst an extremely competitive work environment, both students and professionals are increasingly focusing on enhancing their knowledge and skills by embracing multiple qualifications which are considered contemporary in today’s challenging world. The Certified Tax Accountant qualification more popularly known as CTA introduced by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is […]
GSP+ Impact to Sri Lanka: Mountain or molehill
Whilst the GSP plus helps significantly boost the country’s export performance, the loosing of it would not create a major vacuum on a broader level besides the loss of a strong potential trade surplus with the EU, Softlogic Equity Research said. “On a micro level, individual businesses engaged in the export of Apparel, Agriculture, Fisheries […]
Sampath Bank concludes Rs.750Mn structuring & investing in LVL Energy Fund’s unlisted bond
Sampath Bank PLC announced that it had recently concluded the structuring and investment of an unquoted, secured, non-convertible, deep-discounted bond issuance for LVL Energy Fund PLC. The Rs.750 million instrument was tailor-made by Sampath Bank’s Corporate Finance Unit to suit the unique characteristics and financing needs of LVL Energy Fund PLC. Sampath Bank was the […]
Prospect to leave for work in Korea will be provided shortly, Korean Ambassador assures
The Korean Ambassador to Sri Lanka Woonjin Jeong assured the Foreign Minister that the facilities required for the Sri Lankan youth who are eligible for employment in Korea to travel to Korea will be provided shortly. He was speaking at a discussion on the delays faced by young people who are eligible for jobs in […]
COVID-19 and Sri Lanka’s External Sector: Challenges and Policy Choices
By Tharindu Udayanga: The COVID-19 pandemic exerted significant downward pressure on global trade as well as the global economy at large. Unprecedented declines in merchandise trade, foreign direct investment (FDI) flows, tourism and cross-border migration have all been hallmarks of the economic fallout. As a result, growth expectations for countries worldwide dimmed. Nonetheless, thanks in […]
Indian assistance to promote solar power project
Measures have been taken to increase the contribution by renewable energy sources to the national power grid by enhancing solar power generation as per the National Policy Framework ‘Vistas of Prosperity and Splendour.’A key plan of the Government is to generate solar power by obtaining the contribution of state-owned buildings, places of worship and houses […]