Sri Lanka’s UDA to transfer land with housing units to Colombo University: ECONOMYNEXT – Sri Lanka’s Cabinet approved a proposal by the Board of Management of the Urban Development Authority (UDA) to transfer a 0.2761-hectare land with a housing complex on it to the University of Colombo.

“The Minister of Urban Developments, Prassana Ranatunga, has submitted a proposal to Cabinet to donate a housing complex of 144 flats situated at… https://economynext.com/sri-lankas-uda-to-transfer-land-with-housing-units-to-colombo-university-131105/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

Sri Lanka drafts new laws to address gender socialisation, form national women’s commission: ECONOMYNEXT – Sri Lanka’s cabinet of ministers have approved two proposals by President Ranil Wickremesinghe in his capacity as Minister of Women’s Affairs to pass new legislation to ensure equality in gender socialisation and to establish a national women’s commission.

A statement from the Government Information Department said on Tuesday… https://economynext.com/sri-lanka-drafts-new-laws-to-address-gender-socialisation-form-national-womens-commission-131087/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

Sri Lanka cabinet spokesman blames tragic train accident on railway union: ECONOMYNEXT – Sri Lanka’s weekly cabinet press briefing on Tuesday September 12 began on a sombre note with the cabinet spokesman marking a minute of silence for a youth who was killed early morning while riding an overcrowded train atop its roof after a surprise train strike.

Cabinet spokesman and Minister of Transport Bandula Gunawardena blamed the tragedy on… https://economynext.com/sri-lanka-cabinet-spokesman-blames-tragic-train-accident-on-railway-union-131084/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

Ceylon Chamber of Commerce Advocates for Healthcare Reform and Patient Safety in Sri Lanka https://www.lankabusinessonline.com/ceylon-chamber-of-commerce-advocates-for-healthcare-reform-and-patient-safety-in-sri-lanka/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

Government not prepared to negotiate with railway terrorists – minister: ECONOMYNEXT – The Cabinet press briefing today (12) started with a minute’s silence for a person who died while travelling on the roof of an overcrowded train.

Cabinet Spokesman Bandula Gunawardana who is also the Minister of Transport laid the blame of the death on the union workers who didn’t report to work yesterday and today.

“These 84 striking drivers who… https://economynext.com/government-not-prepared-to-negotiate-with-railway-terrorists-minister-131068/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

Sri Lanka customs confiscates mis-declared arecanut: ECONOMYNEXT – Sri Lanka Customs confiscates arecanut valued at 27,484,868 rupees.

A shipment of 25.5 tons of arecanut shipped from Malaysia to Colombo has been confiscated after a false customs declaration listing the shipment as ‘C 25 GLOSS 230 GS REAM.’

On September 7, Sri Lanka Customs also seized 4.5 million Manchester cigarettes valued at 110 million.

The wharf clerk and… https://economynext.com/sri-lanka-customs-confiscates-mis-declared-arecanut-131059/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

Sri Lanka rupee opens at 322.00/45 to the US dollar: ECONOMYNEXT – Sri Lanka’s rupee opened at 322.00/45 to the US dollar on Tuesday, from Monday’s close at 322.25/322.50 to the US dollar, dealers said.

A bond maturing on 01.08.2026 was quoted up at 15.60/80 percent from closing on Monday at 15.55/70 percent.

A bond maturing on 01.05.2028 closed stable at 14.50/75 from 14.50/70 percent a day earlier. (Colombo/Sept11/2023) https://economynext.com/sri-lanka-rupee-opens-at-322-00-45-to-the-us-dollar-131053/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

UN body asks more to probe rights abuses; Sri Lanka rejects  : ECONOMYNEXT – A report presented by United Nation’s Human Right High Commissioner requested Sri Lanka to do more to speed up the probe and prosecutions over the alleged past human rights abuses in the island nation, but Colombo government rejected the global body’s report.

The UN in its report presented at the 54th regular session of Human Rights Council said Sri Lanka… https://economynext.com/un-body-asks-more-to-probe-rights-abuses-sri-lanka-rejects-131033/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

Sri Lanka’s Rambukwella after NCM defeat says health sector has improved despite crisis: ECONOMYNEXT – Sri Lanka’s Health Minister Keheliya Rambukwella who survived a no confidence motion last week said the health sector has improved under him despite an unprecedented economic crisis.

After a raft of unexplainable deaths including youth and kids, alleged lower quality drugs, and prolonged emergency drug purchases, the opposition… https://economynext.com/sri-lankas-rambukwella-after-ncm-defeat-says-health-sector-has-improved-despite-crisis-131022/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

Sri Lanka extends special commodity levy on potatoes by four months: ECONOMYNEXT – Sri Lanka’s Minister of Finance Ranjith Siyambalapitiya has said that the special commodity levy of 50 rupees on a kilogram of potatoes is to be extended by four months, following a Gazette notice issued by President Ranil Wickremesinghe.

The levy, which had been revised to accommodate an additional 30 rupees on March 8, was previously 20 rupees per… https://economynext.com/sri-lanka-extends-special-commodity-levy-on-potatoes-by-four-months-131016/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

Sri Lanka’s GMOA criticises plans to establish three private medical colleges: ECONOMYNEXT – Plans to establish three private medical colleges in Sri Lanka have drawn criticism from the Government Medical Officers Association (GMOA), a professional body of doctors that has historically opposed private medical education in the island nation.

GMOA secretary general Haritha Aluthge told reporters that Health Minister Keheliya… https://economynext.com/sri-lankas-gmoa-criticises-plans-to-establish-three-private-medical-colleges-130998/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

Sri Lanka’s foreign reserves in line with IMF targets despite August dip: official: ECONOMYNEXT – Sri Lanka’s foreign reserves, which are now at 3.6 billion dollars following a dip in August, is still a significant improvement from negative reserves just last year and are in line with targets, State MInister of Finance Ranjith Siyamabalapitiya said.

The state minister said Sri Lanka may have to manage its existing reserves and use it… https://economynext.com/sri-lankas-foreign-reserves-in-line-with-imf-targets-despite-august-dip-official-130996/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

JICA grant to pay for Sri Lanka power reform chief: ECONOMYNEXT – Japan will bear the cost of an expert to drive Sri Lanka’s power sector reforms, the country’s aid agency said in a statement.

An expert with 25 years’ experience has been appointed by the Sri Lanka Cabinet.

He will provide “strategic direction to the reform process, coordinating the technical assistance from development agencies, and offering inputs pertaining to… https://economynext.com/jica-grant-to-pay-for-sri-lanka-power-reform-chief-130983/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

Sri Lanka to allow short selling in stocks: ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange said it plans to allow regulated short selling of stocks subject to some rules.

A short seller will first have to borrow stocks through a stock borrowing and lending agreement.

When the price of a share eligible for RSS declines by 10 percent from its previous closing price, the Uptick Rule will come into effect.

Under the Uptick Rule, a… https://economynext.com/sri-lanka-to-allow-short-selling-in-stocks-130967/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

Sri Lanka chamber suggests French alternative to scrapping SVAT: ECONOMYNEXT – Sri Lanka’s Ceylon Chamber of Commerce is suggesting moving to a value added system tax used in France, as an alternative to SVAT, a simplified value added tax credit system for exporters which avoided delays in tax refunds.

Sri Lanka is scraping SVAT as part of streamlining the VAT system under an International Monetary Fund backed program.

Delays in… https://economynext.com/sri-lanka-chamber-suggests-french-alternative-to-scrapping-svat-130951/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

Sri Lanka rupee opens at 321.50/322.00 to the US dollar: ECONOMYNEXT – Sri Lanka’s rupee opened at 321.50/322.00 to the US dollar on Monday, from Friday’s close at 321.75/322.00 to the US dollar, dealers said.

A bond maturing on 01.08.2026 was quoted up at 15.70/80 percent from closing on Friday at 15.50/70 percent.

A bond maturing on 01.05.2028 was quoted stable at 14.60/80 from 14.60/70 percent a day earlier.  (Colombo/Sept07/2023) https://economynext.com/sri-lanka-rupee-opens-at-321-50-322-00-to-the-us-dollar-130948/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

CSE to introduce Regulated Short Selling through Stock Borrowing & Lending to enhance trading opportunities https://www.lankabusinessonline.com/cse-to-introduce-regulated-short-selling-through-stock-borrowing-lending-to-enhance-trading-opportunities/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

JICA to provide Technical Cooperation in Power Sector Reforms of Sri Lanka https://www.lankabusinessonline.com/jica-to-provide-technical-cooperation-in-power-sector-reforms-of-sri-lanka/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

SEC Announces Enhanced Corporate Governance Rules https://www.lankabusinessonline.com/sec-announces-enhanced-corporate-governance-rules/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK

Sri Lanka Ports Authority has 914 excess staff, pays overtime: ECONOMYNEXT – Sri Lanka Port Authority, the state enterprise that owns and runs the island’s ports has 914 workers, a parliamentary committee on public enterprises has been told.

Meanwhile overtime had also been paid, a statement from parliament on a recent session on the Committee on Public Enteprises said.

It was not clear whether overtime had been paid to particular… https://economynext.com/sri-lanka-ports-authority-has-914-excess-staff-pays-overtime-130852/?utm_source=dlvr.it&utm_medium=mastodon #FinancialChronicle #Srilanka #LK