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Cabraal comments on exchange rate flexibility

Mr. Ajith Nivard Cabraal, twice Central Bank Governor and former State Minister for Finance, issued the following media statement last week on exchange rate flexibility. “The decision to allow the Sri Lankan Rupee (LKR) to be “flexible” from March 7, 2022 onwards is sometimes described by certain persons as being a “unilateral” decision of then […] ....

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TDL Logistics bags Bronze at National Logistics Awards

TDL Logistics Pvt. Ltd. won the Bronze Award in the Freight Forwarders and Logistics Category at the National Logistics Awards. TDL Logistics Pvt. Ltd. was established in October 2010 by Tony De Livera, along with a group of professionals in freight forwarding and logistics. TDLL has since established itself as a premier, service-oriented, international freight […] ....

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Cathay Pacific releases its 2021 Sustainability Report

The Cathay Pacific Group has released its comprehensive annual Sustainable Development Report that addresses its commitment and progress in the areas of environmental, social and governance, which are of great importance to its stakeholders, and towards its goal of net-zero carbon emissions by 2050. Regional General Manager, South Asia Middle East and Africa (SAMEA), Rakesh […] ....

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New insights into Lanka Cauvery and Mannar Basins from FTG and Aeromagnetic Data to be presented at SEAPEX 2022

Bell Geospace, the world leaders in gravity gradiometry, has conducted the first aerial mapping of petroleum resources in Sri Lanka in Q4 of 2021, and will be presenting these insights – together with Wintermoon Geophysics- at the prestigious SEAPEX (South East Asia Petroleum Exploration Society) Asia Pacific Conference in London on Thursday June 30, a […] ....

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Decision to float rupee was not unilateral – Cabraal

The decision to allow the Sri Lankan rupee to be flexible from 07 March, 2022, onwards, had been taken by the Monetary Board of the Central Bank, based on a Monetary Board Paper of the same date submitted by all three Deputy Governors, Director – Economic Research Department and Director – International Operations Department, said […] ....

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