The Cabinet of Ministers has granted approval to commence the construction work of the International Gem and Jewellery Trade Center, the Government Information Department said. ” It has been planned to construct the International Gem and Jewellery Trade Center in Demuwawatha, Ratnapura by investing the fund of National Gem and Jewellery Authority to enable sellers and buyers to avail…
The Cabinet has approved a proposal to remove the provincial letters at issuance of vehicle number plates, the state information office said. “Letters to identify provinces are added to the number plate when registering vehicles which is easy at the vehicular emission tests and annual revenue license issuance.” “However, both the customers as well as…
Delivers free access to online learning platform for school students, graduates and professionals Extensive library of over 8,000 courses are now available Links world-renowned universities such as Harvard and Cambridge offering free courses Extending higher education facilities designed to enhance employability and opportunity for Sri Lankan youth, philanthropists Dhammika Perera and Priscilla Perera launched DP…
A net outflow of foreign investment amounting to US$ 20 million was recorded in the rupee denominated government securities market in October 2020, increasing the cumulative net outflow to US$ 532 million during the period from January to October 2020, the Central Bank said yesterday (14). This net outflow in October 2020 was a result…
Outages disrupted vast majority of services, but search remained largely unaffected Google has suffered a worldwide outage, with failures reported across the company’s services, including Gmail, Google Calendar and YouTube. Beginning at about 11.50am GMT, the outages appeared to have affected the vast majority of Google’s services, apart from search which operated largely unaffected. Despite the universal…
According to the latest external trade data released by the Central Bank, country’s trade deficit narrowed in October 2020, as a result of the decline in import expenditure outpacing the decline in export earnings. In October 2020, Sri Lanka’s external sector exhibited its resilience with the successful repayment of the matured International Sovereign Bond (ISB)…
Suresh de Mel, a well-known entrepreneur, assumed duties as the new Chairman of the Sri Lanka Export Development Board (EDB) yesterday (December 14). He succeeds the outgoing EDB Chairman Prabhash Subasinghe who ended his one-year tenure early this month. Speaking at the occasion, Suresh remarked that he was honoured and privileged to be appointed as…
An impressive line-up of leading global and local experts in policy, business and financial markets are set to join Sri Lanka’s leading independent investment banking and wealth management firm, Asia Securities, at their upcoming 4th Annual Sri Lanka Investment Conference to share their insights. Titled 2021: The Investors’ Dilemma, this year’s conference to be delivered…
Ambassador of Afghanistan Ashraf Haidari underscored the need for enhancing trade between Afghanistan and Sri Lanka and noted that the two parties should not wait for the pandemic to be over in order to focus on trade. Speaking exclusively to Indeewari Amuwatte at the ‘@HydePark’ program on Ada Derana 24, Haidari expressed the following. “…
Sri Lanka’s gross official reserves were down by US$ 306.4 million to US$ 5,549.3 million in November 2020 from US$ 5,855.7 million in October 2020, latest Central Bank data showed. By the end of November, foreign currency reserves were US $ 5,090.7 million whilst the reserve position in the IMF was US$ 68.4 million Reserves in Gold were…
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