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Allegations made against SL at Human Rights Council are politically biased: FM Dinesh
Foreign Minister Dinesh Gunawardena says that the allegations of human rights abuses in Sri Lanka by several countries including the UK, Canada and Germany is an action taken for political purposes, by concealing the truth. A vote is scheduled to be held on 22 March 2021 on the allegations made by several countries against Sri Lanka, at […]
Central Bank increases maximum compensation under deposit insurance scheme by Rs.500,000
The Monetary Board of the Central Bank has decided to increase the maximum compensation payment under the Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS) from Rs.600,000 to Rs.1,100,000, by Rs.500,000. This decision has been taken to provide further relief to the depositors of financial institutions regulated by CBSL in the event of a […]
Increasing production and income only answer to cost of living problem: President
“The only answer to the problem of cost of living is to increase production and income received by the people. Price of imported goods is determined by the world market forces. Their prices could only be regulated by reducing taxes. 17 crops that could be grown locally were identified and they have been barred from […]
Central Bank informs banks to suspend the purchase of Sri Lanka ISBs until 09 April 2021
The Central Bank has informed licensed commercial banks and National Savings Bank to suspend the purchase of Sri Lanka International Sovereign Bonds with effect from 23 March 2021 until 09 April 2021. The decision has been taken to ease the pressure on the exchange rate and considering the substantial amount of potential outflow of foreign […]
Facebook partners with VTA to launch digital skills training program in Sri Lanka
In partnership with the Vocational Training Authority of Sri Lanka (VTA), Facebook has launched a series of training sessions to help Sri Lankans upskill their digital capabilities. The initiative is a part of Facebook’s flagship We Think Digital program, and has been designed with the objective to help the vocational sector understand the digital landscape […]
State Minister Ajith Nivard Cabraal meets members of CEO Forum of India
Ajith Nivard Cabraal, State Minister of Money & Capital Markets and State Enterprise Reforms and Members of the CEO Forum of India held a cordial discussion at the Ministry of Finance yesterday (17). Sixty CEOs and the Federation of Indian Chambers of Commerce and Industry (FCCI) jointly discussed the implementation of a program under the […]
World GDP forecasts revised up after US fiscal stimulus package: Fitch Ratings
Global growth prospects are improving as fiscal support is stepped up sharply, economies adapt to social distancing and vaccination rollout gathers momentum, says Fitch Ratings in its latest Global Economic Outlook (GEO) released today. We now expect global GDP to expand by 6.1% this year, revised up from 5.3% in our December 2020 GEO. GDP […]
Prime Minister Mahinda Rajapaksa to undertake state visit to Bangladesh
Prime Minister Mahinda Rajapaksa will make a state visit to Bangladesh from March 19-20, 2021, on an invitation extended by the Prime Minister of Bangladesh Sheikh Hasina. The visit will coincide with the celebration of the birth centenary of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman and the Golden Jubilee of the Independence […]
VIDEO: Discussion with Mahendra Jayasekera, MD of Lanka Tiles & Lanka Walltiles
The Idea Hub E03: A discussion with Mahendra Jayasekera, the Managing Director of Lanka Tiles and Lanka Walltiles, as we dive into the details about the Tile Sector.
Russian top billionaire Andrey Melnichenko visits Port City Colombo
Prominent Russian business tycoon Andrey Melnichenko visited Port City Colombo today. He was accompanied by Sri Lankan-born British Politician and former EU Parliamentarian Niranjan Deva Aditya. Melnichenko is a self-made billionaire with major investments in Switzerland based fertilizer giant EuroChem Group and Russia based coal energy company SUEK. He was warmly welcomed by Port City […]
Better childcare opens job opportunities for Sri Lankan women
By Sangeeta Dey , Senior Education Specialist, World Bank & Shobhana Sosale , Senior Education Specialist , World Bank Despite robust growth and reduced poverty, female labor force participation in Sri Lanka remains at a low 36 percent compared to 75 percent for men —and below international standards. This number stands in stark contrast with Sri Lanka’s human capital […]
Kingslake to support GRI’s next phase of growth: Increase rubber exports
Global Rubber Industries (Pvt) Ltd. has partnered with Kingslake, Sri Lanka’s manufacturing solutions experts, to lay the foundation for its next phase of growth. By leveraging Kingslake’s Advanced Planning and Scheduling (APS) solutions, the country’s leading manufacturer of specialized tires hopes to make a significant contribution to the rubber industry, a key export of the […]