The Council for Business
with Britain (CBB) is now a member of the British Chambers of
Commerce and marked this collaboration with an open networking event. The
virtual gathering titled ‘The Power of a Global Network’ gave CBB members and other
businesses across Sri Lanka a platform to connect with over 50 Regional
Chambers of Commerce in the UK -as well as 70 International British Chambers
across the globe, and explore the many trade, investment, learning, and networking
opportunities this partnership would pave the way for in the years to come.
Through its
association with the British Chambers of Commerce, CBB members will benefit
SANASA Development Bank has resolved to raise capital through the issuance of new Ordinary Voting Shares to the public via a Secondary Public Offering (SPO), the bank said in a stock exchange filing.
The SPO under consideration constitutes of an invitation to the public, by way of a Prospectus, to subscribe up to Sixty Eight Million (68,000,000) new Ordinary Voting Shares of the Bank (Initial Issue) and in the event of an oversubscription of the Initial issue to issue up to a further Twenty Million (20,000,000) new Ordinary Voting Shares of the Bank at the discretion of the Board of Directors of SDB (Further Issue) resulting in a total issuance of up to Eighty Eight Million (88,000,000) new Ordinary Voting Shares of the Bank (Total Issue).
President Gotabaya Rajapaksa has instructed to completely ban the importation of Palm Oil with immediate effect. The Controller General of Department of Imports and Exports Control has been advised to issue the relevant gazette order to give effect to this instruction, by the Secretary to the President P.B Jayasundera today itself. Additionally, the Director-General of Customs has been informed of this decision and advised to refrain from clearing palm oil cargos at the Department of Customs. At the same time, the cultivation of oil palm (katupol) will be completely banned. Meanwhile, orders have been issued under the relevant laws enforcing the advice given by the President to ban the cultivation of oil palm completely. About six months ago, the President had instructed to gradually ban the cultivation of oil palm in the country.
Asia’s newest landscape, the Colombo port city, is to be launched as a special economic zone under the aegis of the Colombo Port City Economic Commission.
The scope, incentive structure and the institutional setup of this special economic zone which was gazetted recently will be the theme of the webinar of “Asia’s Newest Landscape” which will be held on 07
th of April 2021 at 2 pm, organized by the Veemansa Initiative –policy development and advocacy group. The Colombo port city is constructed between the southern edge of the new Colombo south port and the Fort Lighthouse. The total area of the sea to be reclaimed is 660 acres.
The Government has no intention to tarnish its unblemished debt service record by delaying the settlement of maturing debt obligations, the Central Bank clarified.
The clarification came after a newspaper today publishing a report of a planned delay in settlement of dues on SLDBs and foreign currency loans obtained by the Government from domestic banks.
“The Central Bank wishes to inform investors and the general public that debt service payments, interest, and capital, are being met in a timely manner on account of SLDBs and Foreign Currency Loans from Domestic Banks, as well as all other debt obligations of the Government,” the Central Bank emphasized.