A framework arrangement (FA) was signed yesterday between the Government of Sri Lanka and Government of Korea in the presence of the Presidents of the two countries. The commitment amount of the FA was increased from USD 300 million to USD 500 million to celebrate the 40th anniversary of diplomatic ties between Sri Lanka and…
South Asia’s ambitious plans to meet its climate targets under the Paris Agreement represent $3.4 trillion worth of investment opportunities in cities and infrastructure by 2030, according to a new report released today by IFC, a member of the World Bank Group. Bangladesh, Bhutan, India, Maldives, Nepal and Sri Lanka, which represent 7.38 percent of…
President of Republic of Korea, Moon Jae- in promised to provide technical assistance to set up a Tech City in Homagma and Aero City in Katunayake during the discussion with Sri Lankan President Maithripala Sirisena Wednesday (29th Nov.) , held at the Cheong Wa Dae or the Blue House, the President’s House in Seoul. Agreements…
Reuters – Sri Lankan shares ended largely unchanged on Wednesday, hovering near an over two-month closing low hit in the previous session, as gains in diversified shares offset losses in financials. The Colombo Stock Index ended 0.31 points up at 6,405.53, near its lowest close since Sept. 15 hit on Tuesday. The index fell 1.1…
The Austrian Government promotes its assistance to Sri Lanka, by providing (Euro 19.35 million) Rs.3, 546 million interest free soft loans to upgrade the Katunayaka Engineering Technology Institute and to obtain 100 Ambulances for Government hospitals in the country. This loan facility provided through Raiffeisen Bank of Austria will set aside EUR 9.85 million to…
Sri Lanka is poised to witness a major leap in the World Bank’s Ease of Doing Business global rankings following the many economic policy reforms envisaged by the government similar to that of India’s efforts, a former top Indian bureaucrat said. Speaking on the sidelines of a discussion last week, Dr. Narayan, a former secretary…
Working with people from different cultures is commonplace in today’s international business world. Joint ventures, inter-departmental teams, project teams, task teams, virtual teams – all depend on effective co-operation between people from different cultures for their success. Hence, it is vitally important that executives involved in these teams develop a high level of multi-cultural skills….
Aitken Spence PLC won the coveted ‘Best Corporate Citizen Sustainability Award 2017’ an annual event organized by the Ceylon Chamber of Commerce, the country’s premier business chamber to recognize sustainable champions of the local corporate world, while Hatton National Bank PLC and Cargills (Ceylon) PLC became the first and second runner up of the competition,…
Commercial Credit & Finance PLC, one of Sri Lanka’s premier financial services organisations was presented the prestigious Business Today Top 30 award for the year 2016/2017. The Business Today TOP 30 Awards recognise the contribution made by Sri Lanka’s corporates to the economy of the country. This year, the Business Today Awards commemorated its 20th…
Reuters – Sri Lankan shares touched a more than two-month closing low on Tuesday, dragged down by financials, even as investors waited for clarity on new taxes and key legislations amid political uncertainty. The Colombo stock index ended 0.19 percent lower at 6,405.22, its lowest close since Sept. 15. The index fell 1.1 percent last…
