Category:
Trees of life: Why worry about deforestation?
By Manadilani Daluwatte – Trustee, Federation of Environmental Organisations, Sri Lanka (FEO) “The death of the forest is the end of our life.” Dorothy Stang Why are forests important? This is a question that we must all focus on now, before it is too late, as much of Sri Lanka’s forests are being destroyed before […]
National Law Conference 2021, a Hybrid event organized by LECS
For the first time in its history, the annual National Law Conference was converted to a “hybrid” conference due to the COVID-19 pandemic under the COVID Guidelines published by the Ministry of Health. The National Law Conference Organized by the Bar Association and conducted by professional conference organizers Lanka Exhibition and Conference Services Pvt. Ltd […]
Spotify Launches in Sri Lanka
Spotify, the world’s most popular audio streaming subscription service, officially launches today in Bangladesh, Pakistan and Sri Lanka, offering a revolutionary music experience tuned to your personal taste. With a worldwide community of more than 345 million monthly active listeners including 155 million Premium subscribers, Spotify will offer a personalized listening experience for local and […]
VIDEO: Why printing money may not cause inflation
Central banks and governments around the world have injected stimulus money into the economy at a record pace in an attempt to fend off a global recession. While some prices have increased as supply chains are disrupted, economists and policymakers say inflation could still stay low for a long time.
EFL 3PL becomes 1st logistics company to receive Covid-19 Safety Mgmt. Systems Certification
Reinforcing the compliance of its state-of-the-art logistics operation, EFL 3PL, a member of the leading conglomerate Expolanka PLC, became the first logistic company in Sri Lanka to be awarded the SLS 1672:2020 COVID-19 Safety Management Systems Certification from the Sri Lanka Standard Institution (SLSI) for all its fulfillment centers and the Global Freeport. EFL 3PL […]
Export proceeds repatriation & conversion not uncommon in other regional economies: CBSL
Sri Lanka’s Central Bank says that the repatriation and conversion requirements related to export proceeds are not uncommon in other regional economies, which have displayed strong export performance. Releasing a statement, Central Bank emphasized that in fact, the requirements are more stringent in numerous aspects in these countries. Full Statement Repatriation and Conversion of Export […]
We urge that this resolution be rejected by UN Human Rights Council: Foreign Minister
Statement by Foreign Minister of Sri Lanka High Level Segment of the 46th Session of the UN Human Rights Council 23 February 2021, Geneva Madam President, Madam High Commissioner, Distinguished Ambassadors, Ladies and Gentlemen, 1. As I address you today, the Office of the High Commissioner for Human Rights (OHCHR) has published a report on Sri Lanka […]
Pakistan and Sri Lanka sign five Memoranda of Understanding
In line with the two-day official visit of the Prime Minister of Pakistan Imran Khan, five economically important agreements were signed between Sri Lanka and Pakistan at Temple Trees this afternoon (23). Prime Minister Mahinda Rajapaksa and Prime Minister Imran Khan were also present at the event. Following are the bilateral agreements signed between Sri […]
Seylan Bank records Rs. 3Bn profit after tax for 2020
In the backdrop of an extremely challenging environment, Seylan Bank recorded a Profit After Tax (PAT) of LKR 3Bn for the year ended 31 December 2020. Income Statement Interest Income of the Bank stood at LKR 52.3Bn while interest expenses stood at LKR 32.8Bn reflecting a Net Interest Income (NII) of LKR 19.5Bn with an […]
Sri Lanka January inflation at 3.7-pct
The overall rate of inflation as measured by NCPI on Year-on-Year basis is 3.7 percent in January 2021 and inflation calculated for December 2020 was 4.6 percent. Year-on-Year inflation of both food group and non food group have decreased from 7.5 percent in December 2020 to 5.9 percent in January 2021 and from 2.2 percent […]
ASUS launches its first-ever exclusive store in Sri Lanka
ASUS Sri Lanka – the renowned multinational technology enterprise – has launched its maiden exclusive store in the heart of Colombo; the very first in the country. The store is conveniently and centrally located in Unity Plaza – the only shopping complex in Sri Lanka that is solely dedicated for IT and IT-related solutions – […]
HNB Group posts PAT of Rs 13.7Bn during 2020; total deposits grow by Rs 158Bn
Hatton National Bank PLC (HNB) demonstrated resilience and an unwavering focus on sustainable business performance as it posted Rs 13.7 Bn in Group Profit After Tax during 2020, a year laden with unprecedented circumstances and challenges. Bank level Profit After Taxes amounted to Rs 11.5 Bn. Commenting on the performance, Chairman of HNB Dinesh Weerakkody […]