The Cabinet of Ministers had approved a proposal presented by Minister of Urban Development and Housing to award M/s Access Engineering PLC the contract to build 400 housing units in Borella for Rs. 9.37 billion (without tax). The Elliot Place Housing Project with 400 housing units by the Urban Development Authority is for middle-income earners…
Under the guidance of the Ministry of Tourism, Sri Lanka Tourism Development Authority and the Department of Trade Commerce and Tourism of Central Provincial Council have organized a three-day special programme and several other events to celebrate the World Tourism Day 2020 in Kandy. World Tourism Day was declared by the United Nations World Tourism…
The latest data of the Central Bank of Sri Lanka (CBSL) points out that the government securities held by foreign investors in Sri Lanka (Treasury Bills and Treasury Bonds) had gradually increased recording an inflow of Rs.858 million in a week, during the period from 9 September 2020 to 16 September 2020. The value of…
The Embassy of Sri Lanka in Brasilia recently finalized the certification process for the export of Sri Lanka Cinnamon to Brazil in bark form with Brazilian Authorities, the Ministry of Foreign Affairs said. Accordingly, Sri Lankan exporters, who had difficulties until now in exporting Sri Lankan Cinnamon in bark form to Brazil, can export the product…
Attention has been given to establish a Crocodile Park in Matara, as a way to increase conservation and attract tourists, Minister of Tourism Prasanna Ranatunga stated. The Minister said this, whilst responding to a question raised by MP Buddhika Pathirana in parliament today (22). MP Buddhika Pathirana: New developments like Safari Parks will be useful to uplift the tourism industry which has…
Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) embarked on a progressive national digital initiative by entering into a Memorandum of Understanding with the Commissioner-General, Department for Registration of Persons (DRP). This will enable the CSE and the Central Depository Systems (CDS) to obtain digital verification of the National…
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased marginally to 6.2% in August 2020 from 6.1% in July 2020. This was driven by the monthly increases in prices of items in both Food and Non-food categories. Meanwhile, Food inflation (Y-oY) increased to 13.2% in August…
The Board of Investment (BOI) of Sri Lanka signed an agreement with Indra Hotels and Resorts Kandy (Pvt) Ltd. to build a 160-room, three-star, lean luxury hotel in Kandy. The entity is a joint venture between John Keells Hotels PLC and Indra Traders Ltd. The agreement was signed on behalf of the BOI by Susantha…
The listed equities portfolio of the Employees’ Provident Fund (EPF), a superannuation fund of private sector worker savings, had increased by Rs.8.61 billion, by the end of June quarter 2020. The EPF had invested Rs.53.85 billion in listed equities, at the end of June quarter 2020. This stood at Rs.44.97 billion at the end of…
Sri Lanka is looking at travel bubbles with the UK, Singapore and China, SriLankan Airlines Chairman Ashok Pathirage stated. “We have thought about travel bubbles between the UK and Sri Lanka and probably Singapore and Sri Lanka. Because there is a lot of travel happening between the UK, Singapore, and also China. So, these are the 3…
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