Wijar, a Saudi brand of pure Ceylon tea” was featured at the International Franchise Exhibition held in Riyadh, Saudi Arabia from 01 to 03 October 2024. Ambassador of Sri Lanka to the Kingdom of Saudi Arabia Ameer Ajwad attended the exhibition along with the proprietor of the company Faiz Sulaiman Al Faiz, to promote the brand. The Saudi International Franchise …
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The Country Director of the Asian Development Bank (ADB) Resident Mission in Sri Lanka, Takafumi Kadono, along with a delegation, met with President Anura Kumara Dissanayake today (07) at the Presidential Secretariat. The discussions focused on ADB’s ongoing commitment to support Sri Lanka’s economic and social development. During the meeting, the ADB reaffirmed its dedication to continuing its projects in …
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The International Development Association (IDA) of the World Bank Group (WBG) has approved a USD 200 million financing package to support the second phase of Sri Lanka’s Resilience, Stability, and Economic Turnaround (RESET) Development Policy Financing (DPF) program. The agreement was signed today (07) by K.M. Mahinda Siriwardana, Secretary to the Ministry of Finance, Economic Development, Policy Formulation, Planning, and …
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In a significant meeting today, President Anura Kumara Dissanayake engaged directly with IMF delegation included Director of the Asia Pacific Department, Krishna Srinivasan and SeniorMission Chief Dr. Peter Breuer to discuss the progress of Sri Lanka’s on-going IMF programme. The President was accompanied by key Sri Lankan officials, including Central Bank Governor Dr.Nandalal Weerasinghe, Secretary to the Treasury Mr. Mahinda …
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The Central Bank has issued a Gazette Extraordinary rescinding the pension benefits of the Governors of the Central Bank with effect from September 11, 2024. The Gazette issued by Central Bank Governor Nandalal Weerasinghe said that pension payments to a person who has been appointed as the Governor shall be discontinued with effect from 11.09.2024 and no claims for pension …
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The Central Bank of Sri Lanka (CBSL) wishes to announce the issuance of the Banking Act Directions No. 05 of 2024 on Corporate Governance for Licensed Banks on 30.09.2024. These Directions were issued with a view to strengthening the corporate governance processes and practices of the licensed commercial banks and licensed specialised banks (hereinafter referred to as licensed banks), thus …
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A high-level delegation from the International Monetary Fund (IMF) arrived in Sri Lanka today (02) to engage with the newly formed government led by President Anura Kumara Dissanayake. The primary objective of the visit was to initiate discussions on the progress of the IMF Program and necessary steps towards the release of the fourth tranche of the $ 2.9 billion …
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Former president Ranil Wickremesinghe-led government was negotiating with the IMF for the release of the fourth tranche of the $2.9 billion facility A high-level team of the International Monetary Fund will arrive in Sri Lanka on Wednesday (October 2, 2024) to meet the new government headed by President Anura Kumara Dissanayake and discuss the latest economic reforms supported by the …
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The selling rate of the US dollar has fallen below Rs. 300 for the first time since June 8, 2023. According to the Central Bank of Sri Lanka, the selling rate of a US dollar was recorded at Rs. 299.35 while the current buying rate stands at Rs. 290.30.
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The Chief Representative of the Japan International Cooperation Agency (JICA), Mr. Yamada Tetsuya, along with a delegation of senior representatives, met with the Secretary to the President Dr. Nandika Sanath Kumanayake, this afternoon (01) at the Presidential Secretariat. The discussion focused on the second phase of the Bandaranaike International Airport (BIA) Development Project, implemented by JICA, and the immediate launch …
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