The International Monetary Fund (IMF) yesterday backed a floating exchange rate, terming it as the “first line of defence” to protect Sri Lanka against external shocks, and called for enhanced implementation of structural reforms to speed up sluggish growth.
Symbolising the payment of $ 584,194,800 to Sri Lanka Ports Authority as the final tranche of the Public-Private Partnership (PPP) investment for Hambantota Port. From left: SLPA Executive Director Nilan A. S. Wickramasinghe, CICT Legal Counsel Mohan Wijesinghe, CICT CEO Jack Huang, HIPG COO Tissa Wickramasinghe, China Merchant Group in Sri Lanka Chief Representative Ray Ren, SLPA Chairman Dr. Parakrama Dissanayake, SLPA Additional Managing Director A. D. T. Gunasekara, SLPA Director (Finance) Shirani Wanniarachchi, and Private Secretary to the Ports and Shipping Minister Sean Samarasinghe
Abans yesterday announced that it has appointed Sriyan de Silva Wijeyeratne as Chief Executive Officer. He will assume the role of CEO effective mid-August 2018.
The Ministry of Transport and Civil Aviation is set to carry out major overhaul in the domestic aviation sector to develop the industry, including infrastructure development in several domestic airports currently managed by the Sri Lanka Air Force (SLAF).
A new leak of documents from the offshore service provider at the centre of the Panama Papers scandal reveals the company could not identify the owners of up to three quarters of companies it administered.
WHITE HOUSE — In what is being viewed as the most significant policy reversal of his 17-month administration, President Donald Trump on Wednesday signed an executive order ending the policy of separating migrant children from their parents who illegally crossed the southern border with Mexico into the U.S.