Sri Lanka extends forex restrictions on capital flight by six months
The government has extended suspensions/restrictions on capital forex outflows (outward remittances) by six months with effect from the 2nd of July this year to preserve the country’s shrinking FX reserves.…
A surging crisis in Sri Lanka: A new wave of COVID-19 is causing chaos
By Jeevethan Selvachandran Over the last few months, the world has watched India struggle through an unimaginable COVID-19 situation – over the first half of 2021, the pandemic’s second wave wreaked havoc…
Vish Govindasamy takes over as the new Chairman of the Ceylon Chamber of Commerce
The Ceylon Chamber of Commerce elected Vish Govindasamy as its Chairman during the Chamber’s 182nd Annual General Meeting on Tuesday (29). He succeeds Dr. Hans Wijayasuriya who completed his 2-Year Term as…
Sri Lanka expects $250 million to its dwindling FX Reserves from Bangladesh in Crucial July
The Central Bank of Sri Lanka is expecting a $250 million boost from its dwindling foreign exchnage reservers from the Bangladesh Bank in July. “Inflows expected to the Central Bank…
India aims to meet vaccine orders placed by Sri Lanka in August
Depending on the scale of production of vaccines, India is aiming to meet vaccine orders placed by Sri Lanka and other South Asian neighbors by July-end or August, The Print…
Sri Lanka and IFAD partners to launch $42.7M project to reduce poverty and increase food security in the face of climate change
The International Fund for Agricultural Development (IFAD) together with the Government of Sri Lanka last week signed a financial agreement to launch the Smallholder Agribusiness and Resilience Project (SARP). The…
The Ceylon Chamber of Commerce to conduct the National SME Forum 2021
In an effort to support all players in the SME Eco-system, the Ceylon Chamber of Commerce has organized a National SME Forum in collaboration with public, private, and Non-Governmental sector…
Sri Lanka Retailers’ appeals for cost-sharing from Business Partners amid current economic crisis
The Sri Lanka Retailers’ Association (SLRA), the apex body for organized retail in Sri Lanka is requesting landlords, lessors, and business partners to reduce leases and rentals for the Association’s…
Sri Lanka’s mobile and fixed broadband speeds sharply deteriorate in May
Sri Lanka’s mobile and fixed broadband speeds sharply deteriorated in May as the country reverted to Working From Home (WFH) with the unofficial lockdown coming into effect from late April.…
IFC’s Investment in Sunshine Holdings to Help Diversify Business Operations in Sri Lanka, Drive Efficiency
Consumers in Sri Lanka are set to benefit from a new $5 million investment by International Finance Corporation (IFC) to Sunshine Consumer Lanka Ltd, a subsidiary of Sunshine Holdings PLC…