The Office for National Unity and Reconciliation (ONUR), chaired by former president Chandrika Kumaratunga, in partnership with University Grants Commission (UGC) has introduced a new subject on Conflict Transformation and Reconciliation effective 2018, under the programme “National Unity and Reconciliation through Higher Education”. The MOU between ONUR and UGC was signed this week with the…
Government has granted Rs. 166 million as flood and landslide relief to the affected districts to be utilized for the displaced people by 2nd June, Disaster Management Center (DMC) sources said. This amount of money released by the Ministry of Disaster Management is being spent to fulfill the basic needs (cooked meals, dry rations, sanitary…
Reuters – Sri Lankan shares snapped two straight sessions of gains on Friday on profit-booking in telecom stocks such as Dialog Axiata Plc, while investors assessed the impact of deadly floods that hit rubber and tea plantations last week on exchange rate and inflation. Analysts said it is too early to evaluate the real impact…
The European Commission is allocating €300 000 (LKR 51 million approx.) in humanitarian funding to Sri Lanka to bring emergency assistance to communities affected by the recent floods. “This contribution from the EU will allow our partners on the ground to provide relief to the most-impacted families. This is an expression of solidarity from…
Reuters – Sri Lankan shares rose for a second straight session on Thursday, posting their highest close in nearly one week, in high turnover with foreign investors buying into the island nations’ risky assets. Last week’s floods and landslides that killed over 200 people, however, weighed on sentiment. The extent of the damage is yet…
The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI), Sri Lanka’s leading foreign policy think tank, recently signed a Memorandum of Understanding with the MJF Group, the group of companies that manufactures, exports, and markets the Dilmah brand. The MoU establishes a 3-year partnership between the MJF Group and LKI, to support LKI’s…
Newly Appointed State Minister of Finance Eran Wickremeratne assumed duties this morning (1st June) at the Finance Ministry. Secretary to the Ministry R.H.S. Samaratunghe also participated on this occasion.
Ongoing economic reforms in Sri Lanka have excited Indian corporate investors, amongst them India’s biggest player in their domestic LNG gas sector who is bidding to enter the Lankan market to supply the new, green LNG -and also to revolutionise the present LNG supply system here as well. “Ongoing economic reforms in Sri Lanka have…
Sustaining its unblemished track record, LOLC Group concluded an excellent year sealed by its strongest financial performance to date. For the year ended 31st March 2017, the Group recorded PBT of 24.4Bn and PAT of Rs. 20.9Bn, an increase of 106% and 124% respectively, compared to the previous year. The consolidated gross income grew by…
MTI Consulting, the internationally accomplished boutique strategy consultancy, has announced its acquisition of a strategic equity stake in The Carbon Consulting Company – Sri Lanka’s pioneering provider of integrated sustainability solutions. (www.carbonconsultingcompany.com/) Founded by Eswaran Brothers, The Rainco Group and The Munasinghe Institute of Development ( MIND ), Carbon Consulting has rapidly gained a…
