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Sri Lanka relaxes cash margin deposits requirement on non-essential/non-urgent imports

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Governor Ajith Nivard Cabraal says that the Central Bank of Sri Lanka will discontinue the cash margin deposits requirement on non-essential and non-urgent imports. He...

Gazette Extraordinary issued to cancel MRP imposed on rice

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The Consumer Affairs Authority (CAA) has revoked the gazette notification which specified Maximum Retail Prices (MRP) on rice. A new Gazette Extraordinary was published by...

CBSL releases USD 50 million to clear essential food items held at Colombo Port

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The Central Bank of Sri Lanka has released approximately USD 50 million to two state banks for clearance of essential food items held up...

Lyca Group Chairman Allirajah Subaskaran new owner of Jaffna LPL franchise

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Winner of the inaugural edition of the Lanka Premier League (LPL) Jaffna Stallions have a new owner as Sri Lanka-born British entrepreneur, Allirajah Subaskaran,...

Request from importers association to the cost of living committee (Video)

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The Association of Importers of Essential Foods states that it has requested the Cost of Living Committee to make the necessary arrangements for the...

The Swedish tech company pioneering equal parental leave in Sri Lanka with 4-months paid...

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Understanding the importance of fathers playing a key role in the family after a newborn or newly adopted child, software development company Ascentic with...

Emirates ramps up US flights from October to meet increasing demand

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Airline to restore US services to nearly 80% of pre-COVID levels by October and to more than 90% by December More connectivity from...

Deportation of two Sri Lankans by immigration authorities unconstitutional, Tokyo court rules

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The Tokyo High Court on Wednesday ruled that Japanese immigration authorities’ actions toward two Sri Lankan men were unconstitutional. The two men claim that they...

New secretary appointed to Central Bank’s Monetary Board

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The Central Bank of Sri Lanka has announced the appointment of a new Secretary to its Monetary Board with effect from September 15. According to...

USD 100 mn World Bank loan for Sri Lanka to buy Pfizer jabs

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The World Bank has agreed to provide an additional loan of USD 100 million for the COVID-19 Emergency Response and Health Systems Preparedness Project...