The dairy farmers of Hatton was in protest, throwing away gallons of their own milk stocks claiming that private milk companies had stopped purchasing their stocks for the last three weeks. Farmers stated that a host of private milk companies to whom they sold their stocks usually had refused to purchase any more milk from [...]

Nestlé been awarded a medal by Hon. Chamal Rajapksa, Speaker of Sri Lankan parliament , on the appreciation for the company’s contribution to the economic and social development of Sri Lanka – in alignment with ‘Mahinda Chinthana’, the manifesto of His Excellency the President of Sri Lanka.

Sri Lankan maids working in Kuwait will not receive a pay rise following opposition from the oil-rich Gulf state’s labour authorities. Housekeepers from Sri Lanka were supposed to receive minimum salary increases this month in line with new rules issued by the country’s embassy, but these have since been rejected by Kuwait’s domestic employment offices.

Lanka IOC has once again requested approval from the Ministry of Petroleum Industries to increase fuel prices. Managing Director of Lanka IOC Mr. K. R. Suresh Kumar stated that a request was made to increase diesel and petrol prices by Rs. 15.  

“Going through the process of securing a wage hike for Sri Lankan migrant workers in Jordan” disclosed The Bureau of Foreign Employment (SLBFE). Dilan Perera the Minister of Foreign Employment Development and Welfar, stated that he is currently engaged in a visit to the country to hold discussions on the matter.

Sampath Bank has introduced ‘Flash Remit’ under its e-remittance services for the quick and reliable transfer of money from the Middle East to Sri Lanka. It is a service arranged in association with UAE Exchange which has branches in 17 countries including Dubai, Qatar, Oman, UAE, Abu Dhabi, Bahrain, Jordan & Kuwait.

IFC, a member of the World Bank Group, hosted a trade finance training program for Sri Lankan bankers, part of an effort to help local entrepreneurs tap into the global marketplace. The training, held in March, explored the potential of trade finance, which helps businesses connect with international customers and suppliers, spurring trade and economic [...]