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HEADLINES - 25th October 2018


Expert Talk on Preserving Privacy & Security in the IoT – The Island

The Ceylon Chamber of Commerce Young Leaders are initiating a series of Expert Talks, and its inaugural session will take place October 29 . This Expert Talk Session will feature Sujit Christy, Director, Layers-7 Seguro Consultoria Ltd., sharing his expertise on how to ‘Preserve Your Privacy and Security in the Internet of Things’.


CB outlines plans to raise $ 3 b – DailyFT

The Central Bank is taking several steps to increase inflows, including Parliament-backed support to raise more funds and expand into Samurai and Panda bonds as well as initiate currency swaps with the Central Banks of Oman and Qatar to raise as much as $2-$3 billion for debt repayment and prevent the disorderly adjustment of the rupee. Central Bank Governor Dr. Indrajit Coomaraswamy speaking at a conference organised by Asia Securities on Tuesday gave extensively details of plans to manage the currency situation and debt repayments that are increasing from 2019 onwards. 


Sri Lanka economic fundamentals strong; no fiscal slippage: CB Governor – EconomyNext

Sri Lanka has no seen no fiscal slippage with the budget set to post a primary surplus for the second year running and a higher than expected deficit coming only from natural disaster related spending, Central Bank Governor Indrajit Coomaraswamy said. Growth, while low, was picking up, inflation was low and rates had been much higher than before.


Hemasiri new BOI Chairman – DailyFT

Former People’s Bank Chairman and President’s Chief of Staff Hemasiri Fernando was yesterday appointed as the new Chairman of the Board of Investment of Sri Lanka (BoI) by President Maithripala Sirisena. Sources confirmed that the new Chairman would take office on Monday (29).


President appoints Sujatha Cooray as Chairperson of People’s Bank – LBO

President Maithripala Sirisena has appointed long time public servant Sujatha Cooray as the Chairperson of People’s Bank according to a Newsfirst report. Cooray is a former Secretary to the Ministry of Ports and Highways. She has also served as Deputy Secretary to the Treasury.


Sri Lanka to create special economic zone law, financial court, for Port City – EconomyNext

Sri Lanka is wrapping up laws to create ring fenced special economic zone in a reclaimed Port City with a cutting edge legal system, a financial court, and where expropriation is prohibited and experts from any part of the global can be hired, a minister said.


SLTPB to invest US$ 350,000 – Ceylon Today

The Sri Lanka Tourism Promotion Bureau (SLTPB) will invest nearly US$ 350,000 on a three-month campaign with Lonely Planet, to capitalize on the recent recognition the nation received from one of the world’s largest travel guidebook publishers. Lonely Planet recognized Sri Lanka as the number one country in the world for travellers to visit in 2019, in its ‘Best in Travel’ publication.


PM hails SL topping global destination list by Lonely Planet – DailyFT

Prime Minister Ranil Wickremesinghe yesterday lauded Sri Lanka being named as the top destination to visit in 2019 in the Lonely Planet ‘Best in Travel’ publication, while pledging continued support to develop the tourism industry.


Light Railway construction to begin next year – Daily Mirror

Construction work of the proposed light railway system would begin at the end of next year, the Megapolis and Western Development Ministry said yesterday.


Standard Chartered ASA Regional CEO Judy Hsu visits Sri Lanka – DailyFT

Standard Chartered’s ASEAN and South Asia (ASA) Regional Chief Executive Officer (CEO) Judy Hsu is on an official visit to Sri Lanka. During her visit, she will meet with key industry leaders, Government officials, clients, employees and the management team of Sri Lanka. Hsu, a member of the Group Management Team, assumed the role of ASA Regional CEO on 1 June and is responsible for strengthening key client and government relationships across ASA markets.


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