Radi

The Commercial Bank of Ceylon’s continuing effort to stimulate remittances from Sri Lankans living and working overseas recently focused on Singapore, which has a significant Sri Lankan migrant population.

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 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.

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 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.