Tag: lbo
Among IT decision-makers, 85-pct see urgent shift in focus to consumers’ digital experiences: Report
In a survey of 500 IT decision-makers, 85% agree that there is an urgent shift toward focusing on consumers’ digital experiences. Moreover, 73% of respondents say that the move to focus on the digital experience in their own organization was sudden. The survey was conducted for a new report from WSO2, “Reprogramming the Enterprise: Keeping […]
Steps to decentralize all government services at district and divisional levels: President
President Gotabaya Rajapaksa has stated that there is a timely need to decentralize all public services at the district and divisional levels similar to the work-from-home concept. Department of Registration of Persons, Department of Immigration and Emigration, Department of Motor Traffic and other state institutions can be further decentralized at the district and divisional levels […]
UNOPS partners South Asia Co-operative Environment Program
UNOPS signed an Agreement with the South Asia Co-operative Environment Program (SACEP), an inter-governmental organisation headquartered in Sri Lanka, to support them in the implementation of the World Bank funded Plastic Free Rivers and Seas for South Asia Project (PLEASE). The PLEASE project catalyses actions to strengthen innovation and coordination of circular economy solutions to plastic […]
Foreign Minister Peiris in Singapore for official visit
At the invitation of the Minister for Foreign Affairs of Singapore, Dr. Vivian Balakrishnan, Minister Foreign Affairs Prof. G. L. Peiris undertook an official visit to Singapore from 8-9 June, 2022. An official visit of a Foreign Minister of Sri Lanka to Singapore is taking place after four years. During the visit, a bilateral meeting was […]
Current exchange rate arrangement: Background, positive impact thus far, and expected outcomes
This note is intended to explain to the general public the background to the current exchange rate arrangement, and the positive impact it has already made, and expected outcomes in the period ahead. The country is facing extremely challenging economic circumstances at present while it is going through the worst balance of payments crisis in […]
People’s aspirations for system change in governance incorporated in SJB’s 21 A: Eran
SJB Parliamentarian Eran Wickramaratne said that if the government has a genuine need to bring in a system change as demanded by the people across the country it is high time for the government, to bring in the amendment proposed by the SJB to parliament with the approval of the Cabinet of Ministers. If the […]
Take speedy actions to ensure food security: President instructs officials
Steps to formulate a National Fertilizer Policy expeditiously…. Uncultivated government lands for young farmers… Cultivation Promotion Week for all provinces jointly… Kandakadu Farm for the cultivation of essential crops including maize … Priority to agriculture, livestock and fresh-water fishing industries… Phosphate deposit is optimally utilized for fertilizer needs… President Gotabaya Rajapaksa instructed the officials to […]
SL CB reassures commitment to ensuring the availability of forex banking system for essential foods
The Ministry of Finance issued Import Control Regulations on Payment Terms No.07 of 2022, dated 06 May 2022, and to be effective from 20 May 2022, by restricting the use of Open Account Payment Terms or Consignment Account Terms, subject to conditions, when importing goods to Sri Lanka. This measure complements the various other measures […]
JKH recurring EBITDA grows 152-pct to Rs.39.26Bn for 2021/22
The Group witnessed a strong recovery momentum during the year under review with the recurring performance of most of our businesses reaching pre-COVID-19 levels. • Group revenue increased by 71 per cent to Rs.218.07 billion while recurring Group EBITDA increased by 152 per cent to Rs.39.26 billion. The significant growth in profits was driven by […]
UN assures assistance to Sri Lanka in addressing current economic challenges
The Minister of Foreign Affairs Prof. G. L. Peiris met the UN Resident Coordinator in Colombo, Hanaa Singer- Hamdy on 23 May, 2022 to discuss multiple impacts arising out of the current economic situation in the country such as supply of essential items, concerns regarding food security and livelihood matters. The Minister underscored that the Government […]
Ceylon Chamber call for few more edits to the 21st amendment to the constitution of Sri Lanka
In a letter to the Minister of Justice, Constitutional Affairs and Prison Reform the joint Chambers of Commerce has called for a further strengthening of the 21st amendment through a few more amendments necessitated by past learnings and current context to meet the aspirations of the people, including the business community, who are seeking a […]
”’
Fitch Ratings has affirmed the rating on SriLankan Airlines Limited’s (SLA) USD175 million government-guaranteed 7% unsecured bonds due 25 June 2024 at ‘C’. The affirmation follows the 19 May 2022 downgrade of Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘RD’ from ‘C’, and the downgrade of its foreign-currency bonds issued in international markets […]