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Sun, 22 Sep 2024 Today's Paper
If there was any leniency enjoyed by the Sri Lanka’s finance companies on their capital and disclosure requirements thus far, such will end soon as the sector is set to come under a BASEL-like regulatory framework
(Colombo) REUTERS: The Sri Lankan rupee touched a fresh low yesterday on dollar demand from importers, just days after it slipped to a record low, but a late bout of selling of the U.S. currency by exporters helped cut losses, dealers said.
There will be no Mirror Business tomorrow in view of today’s Public and Bank holiday. The next issue will be on Monday (18).
New investments in the hotel sector amounting to US $ 2.8 billion will require thousands of newly trained workers in the next couple of years. This was revealed by Minister of Tourism Development and Christian Religious Affairs, John Amaratunga at th
Attention has been drawn to introduce an import tax on imported sanitaryware products as a measure to protect the local manufacturers of such products, a statement from the Presidential Media Division said.
In Sri Lanka we take pride in our women. Girls are educated on par with boys. Women are welcome in most careers and the pathway up in terms of promotions and achievements is open.
The Chamber of Construction Industry of Sri Lanka (CCISL), as the apex representative body of all those engaged in the construction sector, has entered into a historic memorandum of understanding (MoU) with the China International Construction Associ
Sri Lanka’s third largest private lender by assets, Sampath Bank PLC, which was recently included in the MSCI Frontier Market 100 Index, says the bank is ready to launch the first-ever blockchain-based product in Sri Lanka, this year.
(Colombo) REUTERS: Sri Lankan shares ended lower for a sixth straight session yesterday to hit their lowest closing in nearly six months, as foreign investors sold banking shares such as Commercial Bank of Ceylon PLC.
In a strategic move to reposition the entity to represent the Group’s business vision and take on the dynamic, technocentric business world of tomorrow, Taprobane Group announced the transformation of the Group including the name change to Ambe
In an interview recorded for an upcoming documentary by award-winning filmmaker Bryan Bruce, Nobel Prize-winning economist, Professor Joseph Stiglitz says, “New Zealand should have taken much more time over getting into the Comprehensive and Pr
Enhancing economic corporation, the Government of Sri Lanka yesterday signed three memorandums of understanding (MoUs) with the Government of Finland, on digitalization, health and education sectors in addition to two private sector agreements on hig
A giant entered into an agreement with a child! It happened on January 23, 2018, in Sri Lanka. The true parties were Singapore (giant) and Sri Lanka (child). Why? Both are not of ‘equal status’ to create economic relations. The difference
Governments grapple with the issue of having in place appropriate sets of human resource practices to push public servants to perform and for an emerging island nation such as Sri Lanka, the battle remains a hard one, where victory seems to be farfet
Sri Lankans have mostly borrowed for consumption but borrowings for manufacturing and agriculture come at distant fourth and fifth positions, demonstrating the country’s increasing tilt toward a consumption economy at the expense of industriali
Sri Lanka will look to diversify exports to Iran after Tehran proposed to host the island to a round of trade negotiations this August, the Industry and Commerce Ministry said.
Sri Lanka is to consider limiting new approvals for tourism projects in tourist hotspots as over visitation threatens the sustainability of the country’s tourism industry. Addressing the 39th Graduation Ceremony of the Sri Lanka Institut
Enhancing economic corporation, the Government of Sri Lanka yesterday signed three memorandums of understanding (MoUs) with the Government of Finland, on digitalization, health and education sectors i
The Urban Development Authority (UDA) plans to call fresh request for proposals (RFPs) for the mixed development project for the nine-acre Chalmers Granaries land, under the Beira Lake Intervention Plan, within this month, following the necessary Cab
Sri Lanka’s remittance earnings from Qatar is likely to double over the years as the number of Sri Lankan migrant workers in Qatar is expected to reach 300,000, from the current 140,000, in the next couple of years.
SEOUL (Reuters): South Korean cryptocurrency exchange Coinrail said it was hacked over the weekend, sparking a steep fall in bitcoin amid renewed concerns about security at virtual currency exchanges as global policy makers struggled to regulate trad
Worker remittances to Sri Lanka appear to have stabilized lately as the income from the Sri Lankan migrant worker community grew for the second month in a row in April.
COLOMBO (Reuters): The Sri Lankan rupee hit a record low yesterday, as importer dollar demand outpaced greenback sales by exporters who held back from selling the U.S. currency expecting a further decline in the rupee, dealers said.
A passenger drone Volocopter 2x is on display
Oceans cover two thirds of world’s surface, and over 7.6 billion people directly or indirectly benefit from oceans around the world. Global fishery production is ever expanding, and according to the Food and Agriculture Organization (FAO), fish
Simplification of trade procedures and documentation, harmonization of the trade practices and rules, transparent information and procedures of international flows, recourse to new technologies to promote international trade and more secured means of
COLOMBO (Reuters): Sri Lankan shares edged lower yesterday, falling for a fourth straight session to end at their lowest close in more than five months, as investors continued to stay on the sidelines looking for fresh cues.
Two weeks ago, we spoke about creating a visual image of your customer service profile by giving a percentage to each of the three levels: Level 1 – initial transactions, Level 2 – repeat customers and Level 3 – customer advocates.&
Growing household debt is nothing new for both developed and emerging economies, and Central Banks globally have been grappling with the issue from time-to-time and have used interest rates and other macro-prudential measures to arrest the situation
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