UN Human Rights Council Votes to strengthen rights office probe into Sri Lanka’s long civil war
The 47-member UNHRC adopted a resolution on Tuesday, brought by Great Britain on behalf of a group of countries, boosting UN rights chief, Michelle Bachelet’s staff and powers, with a view…
The Ceylon Chamber of Commerce signs MOU with McLarens Maritime Academy
The Ceylon Chamber of Commerce (CCC) and the McLarens Maritime Academy recently entered in to a Memoranda of Understanding where CCC appointed surveyors will have an opportunity to undertake training…
Global Fashion Brands Face Legal Complaints On Labour Rights Violations at Hirdaramani Mercury Apparel
Sri Lanka’s Stand Up Movement and Commercial & Industrial Workers’ Union (CIWU) filed a complaint with the Labour Commissioner to conduct an inquiry into nonpayment of workers’ wages and bonuses,…
Sri Lanka’s discussions for emergency financial support with IMF failed due to disagreements over policy requirements
The International Monetary Fund (IMF) couldn’t proceed with disbursing emergency financial support for Sri Lanka as the discussions failed due to disagreements over policy requirements on debt sustainability to address…
Gembridge appoints top gem merchant Armil Sammoon as its ambassador to Sri Lanka
Digital coloured gemstone trading platform Gembridge appointed top gem merchant Armil Sammoon as its ambassador to Sri Lanka. Under its global ambassador network, Gembridge plans to popularise the trading platform…
Over 500 Sri Lankan migrant workers have died’ building Qatar’s World Cup infrastructure
557 migrant workers among the 6,500 migrant workers who have died during Qatar’s football World Cup preparations over the last decade, according to a report. It reported that On average…
Pakistan Offers $50 Million New Credit Line to Sri Lanka to Boost Defence Ties
Cash-strapped Pakistan has offered a $50 million new credit line to Sri Lanka to boost cooperation in the defence and security sectors. Pakistan Prime Minister Imran Khan announced the new…
Spotify to Expand into Sri Lanka over the next few days
Swedish audio streaming and media services provider and the world’s largest music streaming platform, Spotify announced that it would expand into Sri Lanka over the next few days, as it…
Finance companies are permitted to lend up to 80% of the value in used motor vehicle purchases
The Central Bank (CB) decided to increase the loan to value ratio (LTV) of licensed finance companies up to 80 percent on auto loans in purchasing used passenger vehicles in…
Asset risk looms over Sri Lankan insurers
Sri Lankan insurers are facing heightened asset risk due to the country’s weaker credit profile and lower national ratings of several state-owned and private institutions, a Fitch Ratings report said.…