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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).
Sri Lanka’s road map for economic stabilization unveils soon.
Sri Lanka’s long term National Economic Policy will be formulated in accordance with the vision of President Ranil Wickremesinghe with the endorsement of parliament to make it stable and unchanged for the next 25 years.
Ceylon Chamber lauds Budget 2023 in right direction but doubting its outcome
Country’s premier private sector lobby the Ceylon Chamber of Commerce yesterday said that the National Budget for 2023 presented by President and Finance Minister Ranil Wickremesinghe contains many laudable reform proposals which, if implemented in a timely manner, will complement the on-going fiscal reforms outlined.