Central Bank Governor Dr. Nandalal Weerasinghe this week said he is optimistic about the definitive end to all types of debt restructuring and the beginning of debt repayment would lift Sri Lanka out of the ‘default’ status assigned by the global rating agencies.
Adding to the woes of Sri Lanka dealing with the low availability of quality human capital in the hospitality and tourism industry, recent statements by officials from key stakeholder agencies highlighted a concerning trend on the low women’s participation in the sector.
Chevron Lubricants Lanka PLC (CLLP) announced its intention to donate US$ 35,000 to the Sri Lanka Red Cross Society (SLRCS) as flood relief, specifically towards the cleaning of 1,500 wells in the Colombo and Matara districts, considering the devastation caused by floods during the first week of June.
Nations Trust Bank has renewed its partnership with the Wildlife and Nature Protection Society of Sri Lanka (WNPS), continuing the bank’s contribution to WNPS and its environmental and awareness-building initiatives.
Completing yet another significant step towards enhancing the healthcare infrastructure of Sri Lanka, People’s Bank announced the completion and official opening of the newly renovated Cardiothoracic Pediatric Ward (Ward 1) at the National Hospital of Sri Lanka (NHSL), Colombo.
President Ranil Wickremesinghe yesterday unveiled a blueprint to transform the country’s outdated plantation sector towards a modern and thriving agro-business by rolling out a slew of major reforms with an inside-out approach.
The Central Bank is currently having technical level consultations in its bid to move away from the current dual policy rate and it reiterated that the single policy rate would be in operation before the end of the year.
With the countdown to the forthcoming abolition of the Simplified Value-Added Tax (SVAT) system ticking down to an end date of April 1, 2025, the apex body of the Sri Lankan apparel industry, the Joint Apparel Association Forum (JAAF), urged the government to urgently reconsider its decision in light of growing stresses on the industry.
The Association of Chartered Certified Accountants (ACCA) announced the awarding of the prestigious Gold Approved Learning Partner status to onlineaccounting.lk, recognising its exceptional contribution to the field of accounting education.
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