Prime Minister to Close SLES 2018 with Keynote Address
Prime Minister Hon. Ranil Wickremesinghe will deliver the keynote address at the final session of the Sri Lanka Economic Summit (SLES) 2018, organized by Sri Lanka’s apex business chamber, the Ceylon...
View ArticleIndia, Bangladesh, Sri Lanka skip inauguration of China-funded bridge in Male
ANI: India–Maldives relations are not passing through the best of times. According to sources, India did not send its representative on the recent inauguration event of the Sinamale Bridge, which has...
View ArticleSri Lanka’s massive ‘SME, unlisted and informal biz’ bloc finally gets...
Turning a new page in the history of key Sri Lankan economic drivers-the SMEs, informal enterprises and unlisted businesses -a pioneering financial auditing framework was unveiled in Colombo on 30...
View ArticleExcel World’s US$ 70 Mn Mixed Development Project to commence next financial...
The only full-service entertainment centre in Colombo, Excel World plans to construct a serviced apartment, shopping mall and leisure centre at an investment of a US$ 70 million, the latest annual...
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Palm Oil Industry Association launched to advocate sustainable growth
All stakeholders come together under aegis of Ceylon Chamber of Commerce as industry’s milestone 50th anniversary approaches Businesses with a cumulative investment of approximately Rs 26 billion in...
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Brandix Model Village – Inspiring Local Communities by Providing Access to...
Nearly 50,000 people benefit from water and sanitation facilities in 2017-18 Nearly 50,000 people in 16 towns across Sri Lanka received better access to water and sanitation facilities at public...
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Emirates SkyCargo transports first group of horses for the FEI World...
Largest air horse charter for a single sporting event Emirates SkyCargo, the freight division of Emirates, has successfully transported the first group of 67 horses for the FEI World Equestrian Games...
View ArticleSri Lanka rupee hits fresh low of 161.60 per dollar – dealers
Reuters – The Sri Lankan rupee fell to a new low of 161.60 per dollar on Monday due to higher importer dollar demand, while exporters awaited a reversal in the depreciation trend to convert the U.S....
View ArticleSri Lankan shares climb to highest close in nearly 3 weeks
Reuters – Sri Lankan shares rose for the fourth straight session on Monday to their highest close in nearly three weeks, led by gains in banking and beverage stocks. The Colombo stock index ended 0.18...
View ArticleDCSL Board to maintain minimum 70% pay-out ratio as Dividends in future –...
One of the largest conglomerates that has switched from ownership of subsidiaries to a subsidiary after a ‘Brand Switch’ in last two years, Billionaire Harry Jayawardena controlled Distilleries Company...
View ArticleBrowns Hotels & Resorts ambitious on Maldives expansion
LOLC group controlled, Browns Investments PLC owned Browns Hotels & Resorts is ambitious on the completion and success of the company’s Maldives expansion and the projects, the latest annual review...
View ArticleSriLankan Airlines bags two prestigious titles at the World Travel Awards...
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance was awarded two prestigious titles at the World Travel Awards 2018 Asia and Australasia Ceremony held at...
View ArticleAeroflot to resume Colombo flights
Aeroflot, the Russian Airline, will re-launch regular non-stop flights to Colombo from October 28, 2018, the Moscow-based airline announced yesterday. The airline stopped regular flights to Colombo...
View ArticleSecond dialogue on Sri Lanka e-commerce reforms opens on September 6
The second national Public-Private Dialogue (PPD) on Sri Lanka’s E-Commerce Reform, backed by Geneva’s International Trade Centre (ITC) will open on 6 September in Colombo. The PPD is a part of the...
View ArticleSri Lankan rupee hits record low for 11th session
Reuters – The Sri Lankan rupee fell to an all-time low on Tuesday, marking its 11th straight session of setting fresh record lows. The rupee, which hit a record low of 161.97 early in the trade, closed...
View ArticleSri Lankan shares hit over 3-week closing high in lean trade
Reuters – Sri Lankan shares rose for a fifth straight session on Tuesday and marked their highest close in more than three weeks, led by gains in banking and beverage stocks. However, trading volume...
View ArticleU.S. Embassy Partners with Matara Chamber of Industry and Commerce to Launch...
The U.S. Embassy signed a Memorandum of Understanding on August 30 with the Matara Chamber of Industry and Commerce to open a new American Corner in Matara. Ms. Nancy VanHorn, the U.S. Embassy’s...
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‘Swarna Pusthaka’ – Sri Lanka’s richest literary prize to be presented on...
Five Sinhala novels shortlisted from record 125 published in 2017 in the running for prize purse of Rs 1.25 million The race for the ‘Swarna Pusthaka’ award, Sri Lanka’s richest literary prize, has...
View ArticleNew Chinese loan may further plunge Sri Lanka into debt trap – says India’s...
In a recent report in India’s English Daily – Economic Times it is highlighted that “India’s southern neighbour Sri Lanka may plunge further into the Chinese debt trap with Colombo yet again turning to...
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Sri Lankan rupee hits record low
The Sri Lankan rupee fell to an all-time low on Wednesday with the selling price of the US Dollar reaching 163.3676 for the first time in the country’s history. The buying price has been recorded as...
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