Sri Lanka Latest News Provider - Lanka News Web (LNW)
Friday, 17 Sep 2021

Highlight

New CB Governor Nivard Cabraal predicts 5% growth in 2021

2021-09-17 07:33:00

Newly appointed Central Bank Governor Nivard Cabraal yesterday said a 5% growth for 2021 was likely to be a reality with the on-going vaccination drive, and mobility restrictions being relaxed...


Moody’s Investors Service says SL foreign reserves are still low.

2021-09-17 07:31:00

In a report, Moody’s Investors Service said that on 10 September, Sri Lanka published details of its foreign currency (FX) reserves position, which was nearly $3 billion as of the end of August 2021, 43% lower than at the beginning of the year and around $600 million lower compared to the end of June...


EU delegation to visit Sri Lanka for talks on GSP+ concessions

2021-09-17 07:31:00

A delegation of the European Union is scheduled to visit Sri Lanka on September 27, the Foreign Secretary Admiral (Prof.) Jayanath Colombage said...


US delivers $40 Million to support small businesses and empower SL Women

2021-09-17 07:30:00

The United States provided $40 million in financing to SDB Bank in order to bolster Sri Lanka’s Small and Medium sized Enterprise (SME) sector and assist women entrepreneurs...


ComBank and CBB promote export opportunities to Britain

2021-09-17 07:28:00

The Commercial Bank of Ceylon in collaboration with the Council for Business with Britain (CBB) recently conducted a free webinar titled ‘Export Opportunities to Great Britain’ for over 290 Sri Lankan small and medium entrepreneurs and exporters as well as business promoters from countries such as the United Kingdom, USA, India, Qatar and Singapore...


Sri Lanka rejects external mechanism to solve the internal issues

2021-09-17 07:26:00

Sri Lanka has rejected any external mechanism to solve the internal issues of Sri Lanka as there was no need for such a mechanism, Secretary to the Foreign Ministry, Admiral Jayanath Colombage stated...


Garlic scam comes to light after sugar and coconut oil swindles

2021-09-16 07:12:00

Even before the 16 billion rupee sugar scam had melted on the public tongue, the spectre of a horrific health scare had risen to envelop the people’s wellbeing in a toxic shroud of coconut oil imports...


Hambantota Port inks deals with more than 30 countries

2021-09-16 07:10:00

The Hambantota Port has signed deals with more than 30 countries as it looks to promote its operations globally...


Ravinatha Aryasinha retires from public service

2021-09-16 07:09:00

The Ambassador of Sri Lanka to the United States of America Ravinatha P. Aryasinha has retired from public service...


Sri Lanka Unveils a road map to ensure economic stability soon

2021-09-16 07:08:00

Sri Lanka’ will soon unveil a roadmap to ensure economic and financial stability as the nation faces depleted foreign exchange reserves and looming debt payments...


Sri Lanka urged to carry out urgent economic reforms

2021-09-16 07:06:00

Sri Lanka has been urged to carry out urgent and credible economic reforms to create a stable environment to emerge from one of the worst economic crises in its history triggered by unsustainable spending, debt and stifling controls, a panel of economists said...


EU expresses regret over govt’s decision to not support UN framework

2021-09-15 07:13:00

The European Union (EU) has expressed its regret over the decision of the Sri Lankan Government to no longer support the UN framework to address the legacy of the past conflict, to ensure acknowledgements for victims, and to foster accountability, reconciliation and human rights...


Sri Lanka Capital Alliance enters Bangladesh

2021-09-15 07:11:00

Capital Alliance (CAL) has entered Bangladesh, becoming the first JV entity to receive the Trading Right Entitlement Certificate on the Dhaka Stock Exchange (DSE) from the Bangladesh Securities and Exchange Commission (BSEC)...


Salt Collective Ltd, a French venture to set up a boutique hotel in Ahungalla

2021-09-15 07:09:00

Salt Collective Ltd., a French hospitality development venture, will invest almost $ 4 million to set up a 16-room boutique hotel in Ahungalla in the southern coast of Sri Lanka...


Sri Lanka rejects the UNHRC proposal for any external initiatives

2021-09-15 07:08:00

Sri Lanka rejects the proposal for any external initiatives purportedly established by Resolution 46/1, Minister of Foreign Affairs, Prof. G.L. Peiris told the 48th Regular Session of the UN Human Rights Council (UNHRC) today...


SL apparel sector prioritizes worker safety for industry’s sustenance

2021-09-15 07:07:00

Leaders of Sri Lanka’s apparel sector highlighted the industry’s prioritization of employee safety through the adoption of and adherence to comprehensive health measures, while ensuring business continuity and thereby the industry’s sustenance...


Sri Lanka pensioners lose several Agrahara Insurance benefits

2021-09-13 08:05:00

The Agrahara Insurance scheme for public sector employees including pensioners has pruned its benefits to retirees after taking measures to include all public servants in the scheme — even after their retirement – before 2016...


Energy Ministry hurries up to obtain a loan of US$ 2.5 billion to settle the fuel bill

2021-09-13 08:03:00

Sri Lanka Energy Ministry is in hurry to obtain a massive loan of US$ 2.5 billion from the international money market to settle the fuel bill at a time where the Ceylon Petroleum Corporation (CPC) embroiled in a severe financial crisis, local print media reported...


Mobile phone market to crash in indirect import restriction

2021-09-13 07:54:00

Sri Lanka Central Bank’s recent bureaucratic action of blocking non –essential or luxury goods imports including mobile phones on the directions of the monetary board headed by 79 year old outgoing Governor Prof W.D Lakahman is set to trigger a smartphone market crash soon...


State Minister of Finance Cabraal to step down from parliament on Monday?

2021-09-12 07:25:00

State Minister of Finance, Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal is set to submit the letter of resignation from his position as a Member of Parliament on Monday (Sep. 13), Ada Derana learns...


SL-Malaysia Business council strives to further improve bilateral business ties

2021-09-12 07:24:00

The Sri Lanka-Malaysia Business council is striving to make some contribution towards further improving business ties between the two countries, which would go some way towards minimizing the imbalance in bilateral trade...


Second phase of Central Expressway opens by May 2022

2021-09-12 07:20:00

Construction work of the second phase of Central Expressway from Mirigama to Kurunegala is expected to be vested in the public by November 15,..


Sri Lanka expresses solidarity with U.S on 20th anniversary of 9/11 attacks

2021-09-12 07:20:00

Sri Lanka has expressed its solidarity with the people of the U.S. and their government who are commemorating 20 years since the 9/11 terrorist attacks perpetrated in the United States which was a very painful episode in the country’s contemporary history...


State Minister of Finance Ajith Cabraal denies any food crisis in Sri Lanka

2021-09-12 07:19:00

State Minister of Finance Ajith Nivard Cabraal has reiterated that there is no food crisis in Sri Lanka to overcome at present...


C B Governor Prof Lakshman considers retirement as blessing in disguise

2021-09-11 07:19:00

The Governor of the Central Bank of Sri Lanka Professor W. D. Lakshman says that he will be retiring from his position as the governor on September 14, 2021 ...


Air France to commence direct flights to Colombo

2021-09-11 07:19:00

Air France is to commence direct flights to Colombo from 01st of November 2021, Airport and Aviation Services (Sri Lanka) (Private) Limited announced Friday 10...


UNHRC urged to maintain scrutiny of Sri Lanka’s human rights situation

2021-09-11 07:17:00

The United Nations Human Rights Council (UNHRC) should maintain its rigorous scrutiny of Sri Lanka’s worsening human rights situation and press for genuine improvements, Human Rights Watch (HRW) said...


President Gotabaya Rajapaksa to attend the UN general assembly meeting

2021-09-11 07:17:00

President Gotabaya Rajapaksa will attend the 76th session of the United Nations General Assembly, the President’s Media Division (PMD) said...


Customs officers to be placed on extra vigilant

2021-09-11 07:15:00

Sri Lanka Customs Director General Major Gen. (Retd.) G.V. Ravipriya has instructed his team to be extra vigilant to ensure banned or suspended items don’t reach the country...


Pelwatte Dairy embarks on full cold supply-chain analysis

2021-09-10 07:20:00

Pelwatte Dairy, one of the leading local dairy brands in Sri Lanka that produces a range of dairy products and saves valuable foreign exchange for the country, has made significant investments to upgrade its milk preservation technologies to cater to the rising demand and to ensure its milk is of the highest quality, the company said..