Category:
Central Bank invites private sector to raise offshore funding; zero-cost swap facility available
Sri Lanka’s Central Bank with a view of encouraging foreign currency inflows to the country, invites the private sector to pursue avenues to raise offshore funding leveraging on its strengths, with the consent of the Finance Minister and in line with provisions of the Foreign Exchange Act. In this regard, to hedge the foreign exchange […]
Sri Lanka Investment Forum 2021 kicks off
Sri Lanka Investment Forum 2021 was inaugurated this morning by His Excellency the President Gotabaya Rajapakse on a virtual platform. Today’s proceedings also featured keynote addresses by Ali Sabry Minister of Justice, Ajith Nivard Cabraal, State Minister for Money and Capital Markets and State Enterprise Reform, Dr.P.B. Jayasundera, Secretary to the President, Sanjaya Mohottala Chairman […]
Mitigating Sri Lanka’s COVID-19 Education Crisis: Priority Areas for Action
By Ashani Abayasekara and Thisali de Silva The year 2020 saw close to 1.6 billion students from over 180 countries being kept out of schools for extended periods of time, in response to the COVID-19 pandemic. Despite commendable efforts by many countries to put in place alternative remote learning strategies and corrective measures, learning losses […]
New sticker system for vehicles entering Colombo from today
The Sri Lanka Police will from today introduce a more efficient sticker system to ensure those carrying out essential services can enter Colombo City amidst travel restrictions. Police spokesperson DIG Ajith Rohana says 11 stickers have been introduced for specific sectors, with green for health services, light blue for tri-forces and police, purple for private […]
DSI enjoins infringer for sale of lookalike products
An action was filed by D. Samson & Sons (Private) Limited, through its legal representatives, Sudath Perera Associates for the infringement of its trademark in the Commercial High Court Of Colombo recently. Court issued an Enjoining order against Udawatta Durage Lalith, restraining him, his employees, agents, workers and clients and anyone claiming under him, directly […]
Our vision is to make Port City a key service hub in the region: President at SL Investment Forum
Sri Lanka has ambitious plans to double the national output from its current level to 8,000 dollars GDP per capita by 2030 and the country is also deeply committed to maintaining policy stability and consistency within a stable macroeconomic environment, President Gotabaya Rajapaksa said. Addressing the inauguration of the Sri Lanka Investment Forum 2021, he […]
VIDEO: Maggi, KitKat-maker Nestle in spot after internal paper is reported
The leading newspaper, Financial Times recently had cited an internal company presentation that designated more than 60% of Nestle’s core food and beverage products as unhealthy. The document, which was circulated among top executives this year, said that some Nestle products will never be healthy no matter how much they’re tweaked. Maggi & Kitkat maker […]
Important notice for SriLankan Airlines passengers travelling to UK
SriLankan Airlines informs their customers that effective 0400hrs (UK Time) on Tuesday 8th June 2021, Sri Lanka will move to the “red list” of countries entering the United Kingdom. Passengers who have already booked their travel on next three flights to London UL 503 on 05th, 06th, and 07th June will not be affected by […]
Sri Lanka calls on US House Foreign Affairs Committee not to proceed with resolution on SL
Sri Lanka, through its Ambassador in Washington Ravinatha Aryasinha, formally called on the US House Foreign Affairs Committee (FAC) not to proceed with H. RES. 413 on Sri Lanka moved by Congresswoman Deborah Ross (Democrat/North Carolina) on 18 May 2021. In a communication addressed to FAC Chair Representative Gregory Meeks (Democrat/New York) and Ranking Member […]
WindForce declares over 1 bn dividends with a strong performance
WindForce Limited, which listed on the CSE this year, displayed a strong performance for the year 2020/21. The company declared an interim dividend of LKR 1,013 million for 21/22, which corresponds to a dividend per share of 0.75 LKR, yielding a return of 4.7% to shareholders. Performance in 2021 will receive a boost from the […]
”’
Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL, A+(lka)/Stable) Sri Lanka rupee-denominated subordinated unsecured debentures a final national long-term rating of ‘A-(lka)’. The assignment of the final rating follows the receipt of documents conforming to information previously received. The final rating is in line with the expected rating assigned on 22 March 2021. The […]
No disruptions to daily lives: Extend assistance to maintain industries and development: President
President Gotabaya Rajapaksa says that the Governors and District Secretaries should personally intervene to maintain essential services and prevent any disruption to the lives of the people. The President said that despite the current situation, the country’s economy could not be allowed to collapse and that the contribution of all stakeholders was needed to overcome […]