Presidential Advisor Lalith Weeratunga says ensuring consistent vaccine flow key challenge to immunisation campaign Says focus on vaccinating economically important population segments Even though 26 m doses needed, Govt. has received only 1.2 m Wants 13 m people above 30 years vaccinated quickly Observes no issues with vaccine drive, public support Govt. willing to … [Read more...] about Regular vaccine supply biggest constraint: Govt.
CB Governor Prof. W.D. Lakshman – Pic by Lasantha Kumara Keeps policy rates steady but wants stronger credit flows to MSMEs Targets 20% of Rs. 850 b private sector credit growth for MSME sector Says lending targets will be issued to banks in coming weeks Pledges to keep interest rates static to support economic revival, 1Q growth target 3-3.5% Pre-auction … [Read more...] about CB focused on driving Rs. 170 b credit to MSMEs
Former Central Bank Governor Dr. Indrajit Coomaraswamy Warns overreliance on swaps and inter-governmental financing could create more problems down the road Acknowledges current challenges but says strategy needed to deal with debt for next five years Concerned low-quality reserves impedes autonomous monetary policy Calls on policymakers to focus on structural … [Read more...] about Govt. should focus on reserve quality: Former CB Chief
Adani and JKH get approval to develop terminal with Japan 35-year BOT proposal already sent to both embassies India responds; Japan reply awaited Keheliya backs India and Japan support, says foreign investment essential Insists trade unions and others will not protest move SL-foreign consortia to have larger 85% stake in WCT than 49% in scrapped ECT MoU By … [Read more...] about Cabinet green light for WCT India-SL-Japan JV
Industries Ministry Secretary Anusha Pelpita Industries Ministry evaluating 140 proposals worth an estimated Rs. 48 b Much focus by local biz on import substitution and exports New ventures to require 395 acres of land and create over 11,600 jobs Ministry to roll out new zone, expand existing to accommodate proposals Secy. says working to encourage investment … [Read more...] about Import policy sparks local investment bounty
New Gazette stipulates Rs. 2.5 m as maximum compensation up from Rs. 1.25 m previously; new legislation effective from 19 February Labour Minister says change made after 15 years focused on worker welfare The Labour Ministry in its latest Gazette has doubled the upper limit of compensation under the Termination of Employment of Workman Act (TEWA) from Rs. 1.25 million … [Read more...] about Higher compensation for worker termination is now law
Treasury Secretary S.R. Attygalle gestures during the media briefing at the Fin. Ministry yesterday. CB Governor Prof. W.D. Lakshman and State Minister of Money, Capital Markets and Public Enterprises Reform Nivard Cabraal look on – Pic by Lasantha Kumara Fin. Ministry working to implement tax changes announced in December 2019 and 2021 Budget Attygalle says goal is to … [Read more...] about New taxes to be legislated by April: Treasury Secy.
Pakistan Prime Minister Imran Khan addressing the business and investment forum yesterdayPakistan PM says stronger trade relations can provide solutions to political and security tensions Invites SL private sector to link with CPEC, insists Pakistan will welcome investors Backs wealth creation as best antidote to inequality Wants Pakistan to learn from SL ‘advanced’ … [Read more...] about Trade best catalyst for peace in South Asia: Khan
Cabinet approves Investment Management Committee to be headed by Treasury Secy. Comm. will include line ministry secys and BoI head Plans to evaluate and fast track investment proposals already received by the Govt. Cabinet spokesman says focus also on assisting existing virus-hit BoI companies SL attracted $ 793 m FDI in 2019 and $ 548 m in 2020 Govt. projects $ 2 b … [Read more...] about Govt. pins FDI hopes on new committee
Rs. 500 m contract for campaign development and management Rs. 250 m allocated for social media and other forms of online and digital marketing Proposals sought from competent agencies by mid-March Pre-bid meeting slated for tomorrow By Charumini de SilvaSri Lanka Tourism has kicked off the search for a reputed and competent agency to handle a planned five-year global … [Read more...] about SL Tourism begins search for agency to handle 5-year global digital blitz