News

Future benefits for Sri Lankan expatriates working abroad to be linked to quantum of remittances – Central Bank of Sri Lanka  Remittances by Sri Lankans employed abroad have been an important flow of foreign exchange into the country, with an annual average value of over US dollars 7 billion in the past five years. Considering the importance of this steady …

The Turkish foreign minister on Saturday said Turkey wants to develop holistic relations with Asia that has become the center of global economic power. Inaugurating a new office of Sri Lanka’s Antalya Honorary Consulate General in the town of Alanya, Mevlut Cavusoglu said Ankara desires to promote cooperation with Sri Lanka in fields such as economy, culture, and education. Emphasizing …

The government approved  prohibition of cattle slaughter in order to increase local dairy industry. The decision was announced at the weekly cabinet meeting at the Information Department today. Accordingly, approval of the cabonet was granted on September 28 and permitted to amend the laws and regulations applicable to it and to amend laws passed by the local government institutions in …

All branches of eight main private commercial banks will remain closed from today (07) due to the prevailing travel restrictions. In statements issued by the respective banks, they urged the customers to use digital, online and mobile banking solutions for their urgent, essential banking needs. The banks that will be closed are Sampath Bank, Hatton National Bank, Commercial Bank, NDB …

A Bill to provide for the establishment of the Colombo Port City (CPC) Special Economic Zone has been published in the Gazette and is slated to be presented to Parliament next month. The 76-page Bill provides for the establishment of a Commission empowered to grant registrations, licences, authorisations, and other approvals to carry on businesses and other activities in the Special …