The government cannot always fund its large scale projects on its own. Meanwhile, work on Megapolis is about to start. “Projects such as the Megapolis, of which the implementation is about to start are great openings for Sri Lankan engineers to contribute” said Minister of Industry and Commerce Rishad Bagthiudeen on 24 June at BMICH….
The grand production inauguration ceremony of the Hawassa Industrial Park in Ethiopia that has attracted 18 leading global apparel and textile companies was held on 20th June at the Industrial Park with the participation of the Ethiopian Prime Minister Hailemariam Desalegn, senior Ministers of the government, Ambassadors, senior government officials and the company owners etc….
A step-up fee structure with a revised threshold of Rs. 100 million has been introduced with relation to secondary market transaction fee computations, and will take effect from Tuesday, 27th June 2017. A fee of 1.1200% is set to be applicable to share transactions below Rs. 100 Million while a fee of 0.6125% is…
Tea farmers in Sri Lanka are struggling to make ends meet after their land was destroyed by heavy floods and mudslides last month. The floods, described by authorities as the worst to hit the country in more than a decade, killed more than 200 people and displaced more than 600,000 people from their homes. For…
Continuing to win accolades for its spirit of innovation, Sampath Bank was recognized as Sri Lanka’s “Most Innovative Bank” at the LankaPay Technnovation Awards 2017 held on 20th June 2017. The award is yet another testament to the Bank’s contributions to the development of the nation’s financial services industry through its 30 year colourful journey….
A landmark event on the theme of “Sri Lanka’s Foreign Policy: Choices in the Changing World” is being organised by the Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) on 28-29 June 2017. The event will draw established experts and new voices to examine Sri Lanka’s foreign policy, and present ideas and recommendations…
ROME (Thomson Reuters Foundation) – A severe drought followed by floods has slashed agricultural production in Sri Lanka, leaving some 900,000 people facing food insecurity, the United Nations said, warning that without help the situation might further deteriorate. Production of rice, the country’s staple food, is forecast to drop almost 40 percent to 2.7 million…
Fairway Holdings, a rapidly diversifying conglomerate, recently acquired Multi Finance PLC under its umbrella with a view to giving this erstwhile financial institution that is known for its trust for 42 years and excellent array of financial services a veritable boost to serve its clients even better. Multi Finance has shown much resilience and stability…
With due consideration to the prevailing and evolving domestic and international macroeconomic environment, the Monetary Board, at its meeting held on 22 June 2017, was of the view that the current monetary policy stance is appropriate and decided to maintain the policy interest rates of the Central Bank of Sri Lanka at their present levels….
Reuters – Sri Lankan shares fell on Thursday in low turnover, retreating from a 17-month closing high, as investors awaited the central bank’s monetary policy review. The central bank is expected to keep its key policy rates steady at more than three-year highs, a Reuters poll showed. The policy announcement is due on Friday at…
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