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“SLT SpeedUp Cycle Sawariya” Day 2 marks the finish line to Balangoda
The Day 2 – SLT SpeedUp Cycle Sawariya started from Matara on its way to Balangoda on 5th September morning. The cyclists travelled through Dikwella, Middeniya, Embilipitiya, Kahawatta, Pelmadulla, to...
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Tourist Arrivals up to August 2018 at a 12.5% growth, with over 1.5 Mn tourists
Latest data highlights that as at 31st August 2018, 1,582,835 tourists had visited Sri Lanka for this year which is a 12.5% growth over last year when 1,406,854 tourists had visited the country during...
View ArticleUSAID Partners with Private Banks to Provide MSMEs with Access to Finance
The U.S. Agency for International Development (USAID), with the USAID Development Credit Authority (DCA), Hatton National Bank PLC and Sampath Bank PLC have announced a new partnership for a program of...
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Provident Capital, for a Reimagined Sri Lanka
Property Development makes a critical contribution in ensuring Sri Lanka maintains itself as an attractive emerging market, particularly to secure FDIs essential for the country’s development. Sri...
View ArticleExpolanka Toastmasters honoured at Champions Night- the Club’s 7th...
The Toastmasters Club of Expolanka (Pvt) Ltd recently held its seventh installation ceremony for club officers at the EFL Campus Auditorium in Wellampitiya. The ceremony was themed ‘Champions Night’ in...
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The iconic Colombo Swimming Club reopens its swimming pool in greater and...
The Colombo Swimming Club (CSC), which was very much in the news for all the wrong reasons just over a year ago, has bounced back bigger and stronger with the recent unveiling of its newly constructed...
View ArticleSmart cities can serve citizens better after significant rise in urbanization...
With May’s major flooding in Ratnapura, a city in Sri Lanka, and its disastrous consequences still fresh in our minds, it reminds me of a similar occurrence, this time in the city of Buenos Aires . The...
View ArticleHNB kicks off its first-ever Walk-The-Talk challenge
In a bid to reduce its carbon footprint, employees of Sri Lanka’s premier private sector bank, HNB PLC attached to HNB Head Office left their vehicles at home – instead choosing eco- friendlier...
View ArticleSri Lankan shares climb on foreign buying, post 3rd week of gains
Reuters – Sri Lankan shares ended slightly firmer on Friday, boosted by foreign buying, and posted their third straight week of gains. The Colombo stock index ended 0.09 percent firmer at 6,117.89. The...
View Article100 acre Industrial Zone for Small Scale Entrepreneurs with Rs. 998 Mn...
Recent Cabinet decisions outlined that it has been proposed to develop small-scale industries of the area, using the 100 Acre Land where the Kankasanthurai Cement Factory had been located. Accordingly...
View ArticlePort of Colombo Ranked World’s No.01 Highest Growth Port in the First Half of...
The Port of Colombo is ranked as world’s No.01 container growth port among the top 30 container ports for the 1st half of 2018. In container handling Port of Colombo has recorded a 15.6% growth for...
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Allianz Showcases Strength of Salesforce with Top Wins at SLIM NASCO 2018
Allianz Insurance Lanka Ltd., one of Sri Lanka’s leading insurers, was recognized for their excellence in salesmanship at the recently concluded Sri Lanka Institute of Marketing (SLIM) National Sales...
View ArticleCabinet gives not to introduce Prepaid Cards for Buses and Trains
Latest Cabinet decisions noted that it has been planned to modernize public transport service and to introduce an Electronic Payment System using a prepaid card system. Accordingly, the Cabinet of...
View ArticleAMCHAM/STAX’s actionable recommendations on positioning Sri Lanka as an...
AMCHAM, in collaboration with STAX, recently launched the 2018 whitepaper ‘FDI Landscape and Investor Sentiment in Sri Lanka’ at a gathering of business and government leaders including the Hon. Malik...
View ArticleJLL provides insight into impact of imposition of VAT on condominium sales
Highlights endemic absence of clarity on key policy issues Warns of distortionary effects from uncertainty over VAT policy Draws parallels to drop-off in sales in Indonesia; ASEAN countries In the...
View ArticleSriLankan Catering posts Rs. 3.9 billion net profit
SriLankan Catering Ltd. has recorded a steady financial performance for the financial year ended 31st March 2018 with a 26% year-on-year growth in operating profits from Rs. 3.03 billion to Rs. 3.81...
View ArticleAMCHAM/STAX’s actionable recommendations on positioning Sri Lanka as an...
AMCHAM, in collaboration with STAX, recently launched the 2018 whitepaper ‘FDI Landscape and Investor Sentiment in Sri Lanka’ at a gathering of business and government leaders including the Hon. Malik...
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Unilever and Vocational Training Authority embark on mission to empower...
Unilever Sri Lanka and the Vocational Training Authority of Sri Lanka (VTA) unveiled a vocational training center in the town of Agarapathana recently. The launch ceremony was attended by over 150...
View ArticleSri Lankan rupee falls on importer dollar demand, dollar strength
Reuters – The Sri Lankan rupee ended weaker on Monday as importer dollar demand surpassed greenback sales by banks and the U.S. currency strengthened globally, dealers said. The dollar traded higher...
View ArticleSri Lankan shares slip to 1-week closing low on foreign selling
Reuters – Sri Lankan shares fell to one-week closing low on Monday as foreign investors sold blue chips such as conglomerate John Keells Holdings Plc. The Colombo stock index ended 0.35 percent weaker...
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