Business and Economics
New bank account introduced to remit foreign currency earnings

A new bank account termed Special Deposit Account (SDA) has now been introduced for all Sri Lankans living in and outside the country to remit their foreign currency earnings, savings and investments to any bank of their choice in Sri Lanka. It is in the form of Term Deposits either in any designated foreign currency or in Sri Lanka Rupees.

Any Sri Lankan individual resident in or outside Sri Lanka as well as dual citizens, citizens of other States with Sri Lankan origin, non-nationals residents  in or outside Sri Lanka, Funds, corporate bodies, associations incorporated/registered outside Sri Lanka and any other well-wishers can  open Special Deposit Accounts at any Sri Lankan bank of their preference.

All the regulations related to the new account have been incorporated in the Extraordinary Gazette notification issued by the Ministry of Finance, Economic and Policy Development on April 8th. The notification announces that all interested Sri Lankans and well-wishers accordingly can instruct their foreign banks to transfer their funds to Sri Lanka.

A Health Do –over

COVID-19, has bought the world to stand-still. It has also highlighted certain elements that the humans have lapsed with the technological advancement in the recent past. The communities have been advised by the WHO to remain indoors and practice self-quarantine methods to minimize the out-break of the virus.

At this time of self-quarantine there are many things an individual could set the mind on. It is also a chance to reverse years of unhealthy eating and lifestyle habits to boost up the immunity system of the human body.

Yes, if you are in the contact with the virus, no single food can help protect you, but it will provide a better chance for you to fight against it and be cured. On another note, if you do continue to practice an unhealthy diet it will not gain you any benefits either. So, a healthy, balanced diet is always a win-win.

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CIPM and Jaffna University MOU to enhance inclusivity

CIPM Sri Lanka – the Nation’s leader in human resource management and the Department of Economics & Management of the Faculty of Business Studies, Vavuniya Campus of the University of Jaffna entered in to a Memorandum of Understanding for facilitating academic co-operation, knowledge exchange and capacity building to develop competent human resource professionals to serve the economy of Sri Lanka.

The MOU was signed recently at the Vavuniya Campus, University of Jaffna.

“The signing of this historic MOU which will benefit the students, professionals and academics in the Northern Province by providing access to the highly recognized professional and academic programmes offered by CIPM Sri Lanka. Our two institutions will collaborate and cooperate to enhance inclusivity to better engage with students, professionals and academics in the Northern Province from a human resource management perspective which is one of the fastest growing management disciplines in the world,” said Dhammika Fernando-President, CIPM Sri Lanka at the ceremony.

The academic and professional collaboration between CIPM and the Vavuniya campus, University of Jaffna will extend to collaborative research on HRM topics relevant to National development, participation at seminars and conferences, access to library and eResource facilities, granting of exemptions to undergraduates and graduates under the guidelines of CIPM rules and regulations, concessionary rates etc, and will also include granting of a an annual scholarship to one undergraduate and an Award of a Gold Medal for the most Outstanding HRM Student.

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