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Joint Apparel Association collaborates with IFC to make Respectful Workplaces
The International Finance Corporation’s (IFC) has stepped in to assist Sri Lanka private sector to create safe and resilient workplaces by demonstrating the business case for action and providing businesses with advisory services, resources and tools to help address germane issues.
Sri Lanka’s manufacturing and services contract in October
Sri Lanka’s manufacturing sector contracted significantly in October with the decline of people’s purchasing power meanwhile services sector has also declined, according to a Purchasing Managers’ Index compiled by the central bank.
LAUGFS divests LPG retail business in Bangladesh with US$ 23.4 m cash
While scaling-down Sri Lanka LP Gas operation due to dollar crisis in the island, LAUGFS Gas PLC announced that it has divested its retail LPG business in Bangladesh for $ 23.4 million (around Rs. 8.5 billion).The divestment was via stakes held by two entities.
Sri Lanka intensifies Island-wide crackdown on human traffickers
Sri Lankan authorities have decided to carry out island-wide raids in search of individuals involved in human trafficking operations in the country and to punish them regardless of their status.
Russian tourist inflow to gain momentum via SL-Russia banking links
In the wake of ever increasing Russian tourist inflow, the Sri Lanka Embassy in Moscow has initiated a banking cooperation between People’s Bank in Sri Lanka and National Investment Industrial Bank in Russia (NIIB).