Battling Disease & Debt: Financing Non-Communicable Diseases Amidst Economic Crisis
By Sunimalee Madurawala: Introduction “The shortage of medicines will significantly impact medications for non-communicable diseases (NCDs). If NCD …
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Ceylon Chamber mobilises corporate sector support to adopt 105 Suwa Seriya ambulances
The Ceylon Chamber of Commerce successfully facilitated the adoption of 105 Suwa Seriya ambulances, valued at Rs.525 million rupees, to support Sri …
Virtusa expands Sri Lanka HQ to accommodate growing team
Virtusa added 13,000 sq. ft of new office space to its Colombo facility as part of its ongoing expansion strategy to support the company’s growing …
Sri Lanka and UK to convene strategic dialogue on 18 April in London
Foreign Secretary Aruni Wijewardane will participate in the inaugural UK-Sri Lanka Strategic Dialogue at Foreign Secretary level on 18 April …
Fitch Downgrades Capital Alliance Investment Grade Fund to BBf(lka)/S4(lka), Maintains RWN
Fitch Ratings has downgraded Capital Alliance Investment Grade Fund's National Fund Credit Quality Rating to 'BBf(lka)' from 'Af(lka)' and its …
Creditor committee to ensure comparable treatment; IMF expects negotiations to end by 1st program review
IMF Deputy Managing Director says that it is encouraging to see official creditors organizing themselves around a coordinated platform which helps …
Creditors’ Meeting launched; Japan, India & France agree on swift debt restructuring negotiation for SL
Japan, India, and France in the margins of the Spring Meetings on Thursday formally launched the Creditors’ Meeting on Sri Lanka's debt …
Global Sovereign Debt Roundtable highlights debt restructuring challenges & ways to address them
The Global Sovereign Debt Roundtable (GSDR) met yesterday and discussed debt sustainability and debt restructuring challenges and ways to address …
Japan, India & France to announce the launch of debt restructuring negotiation process on Sri Lanka
Japan, India, and France will hold a press briefing on Thursday in the margins of the Spring Meetings to announce the launch of the debt …
TISL Welcomes Anti-Corruption Bill, but Flags Two Major Concerns
The proposed Anti-Corruption Bill contains several laudable provisions that seek to improve upon the existing anti-corruption legal framework in Sri …
US Department of Transportation officials meet SLPA Chairman
The Chairman of Sri Lanka Ports Authority (SLPA) Keith Bernard met officials from the U.S. Department of Transportation on 6/04/2023 at the …
Proposed Counterterrorism Bill Breaks Government Pledge to End Abuse, says Human Rights Watch
The government of Sri Lanka’s proposed Anti-Terrorism Act would empower the authorities to systematically violate fundamental human …
Visa applications from Sri Lanka touched 68-pct of pre-pandemic volumes in 2022: VFS Global
Visa applications from Sri Lanka in 2022 witnessed significant recovery driven by pent-up demand, opening of international borders, and eased COVID …
CEB acquires 163 MW power plant from Sojitz Kelanitissa
Ceylon Electricity Board has acquired the 163 MW Combined Cycle Power Plant which was operated by Sojitz Kelanitissa (Pvt) Limited. The acquiring …
CSE and CDS revised applicable rules, ensuring consistency with New SEC Act
Pursuant to the enactment of the Securities and Exchange Commission (SEC) of Sri Lanka Act No 19 of 2021 (New SEC Act), the Stockbroker rules of the …
Ceylon Chamber advises govt to set transparent processes to facilitate divestiture of non-strategic assets
The Ceylon Chamber advises the government to set in place transparent processes and governance structures that will facilitate the divestiture of …
Colombo Stock Exchange to extend trading hours from next Monday
The Securities and Exchange Commission of Sri Lanka (SEC) has issued a directive to the Colombo Stock Exchange (CSE) to extend trading hours from …
Implementation of Timely & Credible Structural Reforms Vital for Sri Lanka to Reset its Course: World Bank
Sri Lanka’s heightened fiscal, external, and financial sector imbalances and its fluid political situation pose significant uncertainty for the …
Fuel quota increased from midnight today
President Ranil Wickremesinghe has directed the government to take steps to increase the existing fuel quota from midnight today (04) for the New …
CBSL maintains policy rates; gross official reserves at USD 2.7bn by end March
The Monetary Board of the Central Bank has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate …
Main points of IMF agreement will be passed into law, says President
President Ranil Wickremesinghe announced that the agreement with the International Monetary Fund (IMF) would be presented to Parliament for a vote on …
Sri Lanka tourist arrivals up in Feb 2023
Tourist arrivals increased in February 2023 to 107,639, compared to 102,545 arrivals recorded in January 2023 and 96,507 recorded in February 2022, …
Dutch companies exploring investment opportunities in renewable energy and sustainable agriculture: Envoy
The Dutch companies are eager to explore investment opportunities in renewable energy, eco-labeling and sustainable agriculture, if Sri Lanka can …
Sri Lanka official reserves at USD 2.2Bn in Feb 2023
Gross official reserves stood at US dollars 2.2 billion as at end February 2023, the Central Bank of Sri Lanka says. This included the swap facility …