United States provided $6M in aid to reduce the spread of COVID-19 in Sri Lanka
With the recent donation Of a mobile testing unit to the Regional Health Services in Moneragala, the U.S. Government has provided $ 6 million in aid to reduce the spread…
Central Bank to wind up ETI Finance through Courts
The Monetary Board of the Central Bank (CB) has decided to cause the Director, Supervision of Non-Bank Financial Institutions to make an application to a competent court for the winding…
First Capital Expects Central Banks to hold its Policy Rates Steady
The Colombo-Based, First Capital Research expects the Central Bank to hold its policy rate steady at the upcoming monetary policy review amidst sweeping measures to insulate the economy. “We believe…
Sri Lanka and Thailand eye to finalize the Proposed FTA
The Foreign Minister Dinesh Gunawardena and the outgoing Ambassador of Thailand in Sri Lanka Chulamanee Chartsuwan has endorsed the importance of finalizing the Free Trade Agreement to spearhead the bilateral…
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President appoints De-Regulation Commission Chaired by Lalith Weeratunga and Krishan Balendra
President Gotabaya Rajapaksa has appointed an 18-member De-Regulation Commission for the Simplification of the Existing Laws and Regulations to spur the growth of the COVID-19 battered economy. The Commission is…
India Agrees to Prioritize Sri Lanka in Providing COVID Vaccine
India’s foreign minister pledged Sri Lanka’s president Gotabaya Rajapaksa yesterday to prioritize the country when Indian-produced COVID-19 vaccines are ready for export, the President Media Division (PMD) said. Visiting Indian External…
Sri Lanka targets 1.5 million tourist arrivals for 2021
Sri Lanka targets 1.5 million tourist arrivals this year as the government plans to re-open the country’s airports to travelers within the month with COVID-19 health and safety guidelines in…
Cabinet directs Legal Draftsman to draft the Colombo Ports Commission Bil
The Cabinet of Ministers has approved a proposal instructing the Legal Draftsman to draft the Colombo Ports Commission Bill to place Colombo Port City as a leading investment hub in…
Sri Lanka’s Telephone Penetration Drops in 3Q2020
Sri Lanka’s telephone Penetration (including Cellular Phones) declined by 19.3 percent in the third quarter of last year compared to one year ago. Sri Lanka’s telephone Penetration stood at 164.1…
Arpico Finance and Associated Motor Finance advances with the proposed merger
Arpico Finance Company PLC (AFC) and Associated Motor Finance Company PLC (AMF) announced the merger of two entities subject to the approval of shareholders and the Colombo Stock Exchange (CSE).…