Wednesday, May 29, 2024

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Sri Lanka-Russia discuss defence cooperation, cyber security.

By: Staff Writer

April 28, Colombo (LNW): Defence Secretary Kamal Gunaratne met the Secretary of the Security Council of the Russian Federation where they discussed a wide range of topics, including counter-terrorism efforts, cyber security and defence cooperation, the Ministry of Defence said.

The meeting took place recently in line with the 12th International Meeting on Security Matters held in Saint Petersburg, Russia attended by high-ranking officials from around the world.

The meeting between the two secretaries underscored the importance of fostering international cooperation and collaboration in addressing security threats and promoting peace and stability in the region.

Both parties expressed their commitment to strengthening bilateral ties and exploring avenues for enhanced cooperation in the security domain.

The 12th International Meeting of High-Ranking Officials Responsible for Security Matters provided a valuable opportunity for participants to exchange insights, share best practices and forge partnerships aimed at addressing common security challenges facing the global community.

Oriflame announces withdrawal from Sri Lanka due to economic challenges

Oriflame, a global beauty company, has announced its decision to withdraw from the Sri Lankan market effective 15 May 2024, citing a range of economic challenges that have made its operations unsustainable.

In a statement released, Oriflame expressed deep regret over its departure from Sri Lanka, a market it has been a part of since 1997. Despite years of dedication and resilience in the face of various challenges, the company cited a confluence of factors that have rendered its operations untenable.

“Unfortunately, despite our efforts, the macroeconomic environment, characterised by a series of financial crises, the global impact of COVID-19, stringent import restrictions, fluctuating exchange rates, increased operational costs and regulatory changes has significantly hindered our operations.

These factors have made it unsustainable for us to continue our business in the foreseeable future,” it added.

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