Sri Lanka commenced an “Ambassadors’ Forum” under the patronage of President Ranil Wickremesinghe on the island nation’s debt restructuring and International Monetary Fund (IMF) programme with the participation of 16 Colombo-based Missions and six missions virtually from New Delhi, the...
Read moreAmericares, a non-profit organisation located in the United States, has donated medicine and medical supplies worth 773,000 US dollars (roughly 279 million Sri Lankan rupees) to Sri Lanka, according to the Sri Lanka embassy in Washington D.C. The donation includes...
Read moreDatuk Seri M. Saravanan, Malaysia's Human Resources Minister, stated that the Malaysian government has committed to hiring 10,000 Sri Lankans. According to a statement issued today by Malaysia's Human Resources Minister, the Malaysian Cabinet has agreed to bring in 10,000...
Read moreDialog Axiata Group, the largest Foreign Direct Investor (FDI) operating under the auspices of the Board of Investment of Sri Lanka (BOI), announced the signing of two supplementary agreements with the BOI on September 13, 2022, for an additional USD...
Read morePresident Ranil Wickremesinghe has informed the Speaker that the Cabinet of Ministers in Sri Lanka has yet to be briefed on the IMF Staff-Level Agreement that was recently signed with officials. The Speaker stated that the President has emphasised that,...
Read moreHealth Minister Keheliya Rambukwella justified the higher tariffs on women's sanitary pads on Wednesday, saying the decision will increase market opportunities for locally produced sanitary items. The Minister stated that the government's primary priority right now is the availability of female hygiene products during the economic downturn. "First and foremost, under the current circumstances, particularly with the economic downturn, you must make it available at a reasonable and affordable price for everyone to have it rather than making alternative arrangements," Minister Rambukwella said during a Twitter Space discussion titled "Policy Making to Menstruate Confidently." "Because other arrangements may result in some type of illness, which may then lead to many other consequences that are more detrimental." Local and foreign sanitary pads are available on the local market for between 350 and 800 rupees, up from roughly 110 rupees a year ago. The majority of the market is dominated by foreign brands, and females prefer to buy international brands over local products due to their superior quality. "The reason we slapped a relatively high tariff on it is to ensure that the local industry benefits." "As a result, the competitiveness may not be the same," Rambukwella explained. He went on to say that the country must move away from thinking of pads as a luxury item and instead consider them a basic hygiene need around the world. Minister also stated that the country should consider free or open market forms in addition to the current mixed market economy.
Read moreIn the clearest hint of a succession roadmap, Indian billionaire Mukesh Ambani carved out definite roles for each of his three children at the annual general meeting of his $220bn (£193bn) retail-to-refining conglomerate in August. Mr Ambani's older twins, Akash...
Read morePBOC data show foreigners off loaded yuan bonds in JuneChinabond has yet to release official figures for last month Overseas investors reduced their holdings of Chinese sovereign bonds for the fifth month in a row in June, the longest such...
Read moreSri Lanka has a well-defined plan. Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, stated in an interview with CNN that a partial recovery from the current economic crisis is possible within the next five months. People...
Read moreMicrosoft Corporation has stated that it is investigating an outage in which users were unable to access Microsoft Teams or use any of the app's features. Microsoft Corporation, colloquially known as Microsoft, is an American multinational technology corporation headquartered in...
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