* Three-year plan to increase foreign employment related income Tue, Jul 7, 2020, 07:18 pm SL Time, ColomboPage News Desk, Sri Lanka. July 07, Colombo: Sri Lanka Bureau of Foreign Employment (SLBFE) has focused on formulating a three-year plan to increase development and revenue of the Bureau and its partners. SLBFE chairman Kamal Ratwatte has appointed a … [Read more...] about Three-year plan to increase foreign employment related income
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Sri Lanka’s state universities to re-open subject to 11 conditions
Monday July 6, 2020 12:34:07 Entrance to the Sri Jayawardenapura University – file photo ECONOMYNEXT – Sri Lanka’s state universities will … [Read more...] about Sri Lanka’s state universities to re-open subject to 11 conditions
UNP leader promises to give one year grace period to pay water-electricity bills, Enterprise loans
* UNP leader promises to give one year grace period to pay water-electricity bills, Enterprise loans Mon, Jul 6, 2020, 10:03 am SL Time, ColomboPage News Desk, Sri Lanka. July 06, Colombo: Former Prime Minister and the United National Party (UNP) leader Ranil Wickremesinghe said that a UNP government will grant a one year grace period to pay back the water and … [Read more...] about UNP leader promises to give one year grace period to pay water-electricity bills, Enterprise loans
Daily Mirror – SL moves three spots up to 112th position in world Economic Freedom Index
This is despite economy being rated mostly ‘unfree’ Country’s overall score increases by 1 point due to higher fiscal health score Ranked 24th among 42 countries in Asia–Pacific region Nine of SL’s 12 Index indicators below global average levels Sri Lanka moved up in Heritage Foundation’s world Economic Freedom Index 2020 by three spots to 112th position, although, the … [Read more...] about Daily Mirror – SL moves three spots up to 112th position in world Economic Freedom Index
Sri Lanka watching northern coast to prevent refugees from India
Sri Lanka has raised surveillance along its northern coast, following reports of some Sri Lankan refugees in India attempting to return by boats following the outbreak of the COVID-19 pandemic. However, authorities in Tamil Nadu denied any large-scale attempts by refugees to leave the country illegally.“We have alerted the Navy, coastal police, grama sevakas [local … [Read more...] about Sri Lanka watching northern coast to prevent refugees from India
India, Sri Lanka hold talks on Colombo’s debt repayment
Indian and Sri Lankan authorities held talks over two days this week on rescheduling Colombo’s repayment of loans and the country's $1.1 billion currency swap request to abate the economic impact of COVID-19 crisis. A spokesperson for the Indian mission in Sri Lanka said, "In the context of the situation concerning the Sri Lankan economy’s external sector, the two countries … [Read more...] about India, Sri Lanka hold talks on Colombo’s debt repayment
International Finance Corporation to invest USD 175 million in Sri Lanka, Maldives
The International Finance Corporation (IFC), a sister organization to the World Bank, signed an agreement with John Keells Holdings (JKH) for a USD 175 million long-term investment to expand and refurbish hotels in Maldives and Sri Lanka.As it stands, the investment is IFC's largest in Maldives within the last decade, … [Read more...] about International Finance Corporation to invest USD 175 million in Sri Lanka, Maldives
Daily Mirror – COVID-19 compounds stress on Sri Lankan banks: Fitch Ratings
But says adequate capital buffers built over last 3 years to help withstand near term risks Says temporary restrictions on declaring cash dividends to help banks’ capitalisation levels in near term The adequate capital buffers built, specially during the last three years, will soften the negative impacts on the banking sector stemming from the new coronavirus-driven … [Read more...] about Daily Mirror – COVID-19 compounds stress on Sri Lankan banks: Fitch Ratings
Continued harassment of Muslims could prove detrimental to Sri Lanka: Amnesty International
Tuesday June 16, 2020 14:00:27 ECONOMYNEXT – Continued harassment of Sri Lanka’s Muslim minority could prove detrimental to the country, global human rights watch-dog Amnesty International warned. In a report released last week (June … [Read more...] about Continued harassment of Muslims could prove detrimental to Sri Lanka: Amnesty International
China-Sri Lanka Belt and Road political parties joint consultation mechanism established
* China-Sri Lanka Belt and Road political parties joint consultation mechanism established Fri, Jun 12, 2020, 07:47 pm SL Time, ColomboPage News Desk, Sri Lanka. June 12, Colombo: The China-Sri Lanka Belt and Road Political Parties Joint Consultation Mechanism between the Communist Party of China (CPC) and main political parties of Sri Lanka has been established on June … [Read more...] about China-Sri Lanka Belt and Road political parties joint consultation mechanism established
