A new report from the World Bank, Getting to Work: Unlocking Women’s Potential in Sri Lanka’s Labor Force, confirms that for women marriage can function as a deterrent to participation in labour markets. It can drastically lower a women’s odds—by 26 percentage points—of becoming a paid employee, while for men it...
The registration of motorcycles and buses showed an increment during 2017, the Department of Motor Traffic (DMT) said. DMT Commissioner General A.H.K. Jagath Chandrasiri told the Daily Mirror, the total number of vehicles registered for 2017 was recorded as 448,625. It was 493,325 in 2016. “There is a 44,703 increment on...
Minister of Public Administration Vajira Abeywardene says that the salary of government servants would increase by 15 percent from next January. The Minister told in parliament yesterday (14) that an additional Rs.12 billion would be required on an annual basis, for this salary increase and pension. The Minister stated that the...
Oct 07, 2017    Remember that cancelled SriLankan airlines order to purchase four A350-900 Airbus aircraft?Turns out the SriLankan authorities are yet to cancel the complete order… A group of Airbus representatives will be arriving in Sri Lanka to discuss the fate of the agreement, a high ranking Government Official told News...
The first photos of the world’s most expensive moat ever to be built, which it’s hoped will make the new US Embassy in London impenetrable to terrorists, have been released. The 100 foot, half-moon strip of water in front of the building is meant to be able to withstand any type...
Oct 24, 2017   The Central Bank announced the September figures for inflation as measured by the change in the national Consumer Price Index (CPI)Inflation hit 8.6% in September up from 7.9% in August, on a year on year basis. The highest inflation rate in six months. The increase was mainly due...
Local The Nation - Pakistan   Sri Lanka has shown interest in procuring about 300,000 metric tons rice from Pakistan to meet its domestic shortfall because of drought in the country. A high-level Sri Lankan delegation, led by Sri Lanka’s Ministry of Commerce and Industry Secretary Chinthaka S Lokuhetti, showed interest during a...
The Monetary Board of the Central Bank of Sri Lanka (CBSL) extended the suspension of Perpetual Treasuries Limited (PTL) activities as a Primary Dealer by six months, commencing from today. The decision was made due to the ongoing investigations conducted by the CBSL.
  Friday, 05 January 2018 - 9:50 Fmr. CBSL Governor welcomes Govt.'s decision Former Governor of the Central Bank, Ajith Nivard Cabraal says he welcomes the government's decision to probe bond transactions between 2008 and 2015.He said this when expressing his views on the report of the Presidential Commission of Inquiry that...
Sri Lanka business chamber presents seminar on 'Construction Industry and the Way Forward' on Sept 28 Mon, Sep 25, 2017, 10:48 am SL Time, ColomboPage News Desk, Sri Lanka. Sept 25, Colombo: The National Chamber of Commerce in collaboration with Construction Industry Development Authority (CIDA) will hold a seminar on the...
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