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Two flyovers to be built over Slave Island railway lines

The approval of the Cabinet of Ministers has been granted to construct 02 flyovers over the railway line at the Sri Uttarananda Mawatha near the Slave Island Railway Station. Addressing the cabinet briefing today(27) Co-Cabinet Spokesman Minister Udaya Gammanpila stated that the Cabinet of Ministers has granted approval to the construction of two flyovers estimated to…

(0)Comments | August 27, 2020 3:00 pm

New data management system for CBSL reserve management from Singapore

Cabinet approval has been granted on 07 June 2019 to procure a new data management system to meet the existing requirements in the management of the country’s foreign reserves as well as to facilitate future developments. Accordingly, bids have been invited on an internationally competitive basis to provide, install, operate, and maintain the data management…

(0)Comments | August 27, 2020 2:22 pm

The Road to Measuring Sri Lanka’s Logistics Economic Footprint

Against a transformative and competitive regional backdrop, Sri Lanka aspires to become South Asia’s logistics hub. The leading impetus to this ambitious vision is Sri Lanka’s National Export Strategy (NES); and its prominence to the logistics industry. Directly employing roughly over 50,000 people industry-wide, the sector has an ambitious vision to grow from a traditional…

(0)Comments | August 27, 2020 1:48 pm

Sufficient ginger and turmeric in market after next harvest

In an effort to protect local small scale agriculture exporters, the government imposed restrictions on the importation of several agriculture crops. Accordingly, the government restricted the importation of Corn, Green gram, Peanut, Dried chilli, Black gram (ulundu), Turmeric, Ginger, Black-eyed pea (cowpea), Big onion and Red onion among other crops. Meanwhile, today (27) Cabinet Spokesman…

(0)Comments | August 27, 2020 12:26 pm

Special repatriation flight for Sri Lankans in Perth, Australia

The Honorary Consulate of Sri Lanka in Western Australia, under the guidance of Honorary Consul Rosh Jalagge, was able to bring much-awaited relief for Sri Lankans who were unable to return to Sri Lanka, due to various COVID-19 related issues such as state border closures and the absence of direct flights. Western Australia is home…

(0)Comments | August 26, 2020 6:08 pm

ICTA partners with UNDP for a comprehensive and inclusive digital transformation of Sri Lanka

The Information and Communication Technology Agency (ICTA) and the United Nations Development Programme (UNDP) in Sri Lanka signed a 4-year Memorandum of Understanding (MoU) today (26) to support Sri Lanka’s aspirations for Digital Transformation. ICTA and UNDP will collaborate  towards the design and implementation of a comprehensive National Digital Strategy under the ‘Vistas of Prosperity’…

(0)Comments | August 26, 2020 2:35 pm

BOI meets British High Commissioner; discusses strategies on boosting economy, attracting FDI

Sanjaya Mohottala, the Direct General (DG) of BOI met with Sarah Hulton OBE the British High Commissioner at the High Commissioners residence recently to discuss investment promotion strategies in order to attract more FDI from the United Kingdom. Michael Fernandopulle, Head of Trade & Investment and Asanthi Fernando, Deputy Head of Trade & Investment also…

(0)Comments | August 26, 2020 2:28 pm

Sri Lanka Telecom Group welcomes move to initiate number portability

Sri Lanka Telecom Group welcomes TRC’s progressive move to bring number portability. One of the first decisions taken by the new Board of SLT was to lobby for number portability in Sri Lanka. The SLT Group, being the fastest network connecting Sri Lanka’s deep rural to the world, is excited with the new possibilities number…

(0)Comments | August 26, 2020 2:14 pm

Levy on imported Jack and horse mackerel reduced

The Finance Ministry recently announced that it has made an order to waive- off the balance amount after collection Rs.6 per kg from the applied special Commodity Levy of 10% or Rs.150 per kg whichever is higher on Jack and horse mackerel. According to the Extraordinary Gazette issued by the Finance Ministry, the order will…

(0)Comments | August 26, 2020 1:00 pm

Property Development to sell its mini hydro power venture

The Board of Directors of Property Development PLC (PDL) yesterday (25) announced that the Board has authorized the Chairman or the CEO of PDL to take all necessary steps to facilitate the transfer of shares held by PDL in Koladeniya Hydropower (Pvt) Limited (KHL), amounting to 100% of the issued shares of KHP, and to…

(0)Comments | August 26, 2020 12:43 pm

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