Two agreements were signed, on Thursday 10th October 2019, between the Government of Sri Lanka and Rabobank of the Netherlands amounting to EUR 70.7 million (Approximately Rs. 14.1 billion) for construction of rural bridges and Establishment of National Vocational Training Institute at Hingurakgoda, Polonnaruwa. The financing agreement was signed by Secretary to the Ministry of Finance, Dr. R….
The Board of Investment of Sri Lanka has taken another significant step forward to provide further convenience to the customers. This initiative is facilitated via LankaPay Online Payment Platform, a real-time and online payment platform of LankaClear. Such an initiative on the part of BOI clearly signifies the importance BOI places on providing a more…
Sri Lanka Tourism Promotions Bureau (SLTPB) along with a contingent of 20 leading industry travel trade representatives participated at the renowned Italian tourism Fair TTG Incontri 2019 which was held in Rimini, Italy from 09th-11th October 2019. To increase the brand awareness, Sri Lanka Tourism advertised during the TTG Fair including the mega entrance banner…
LankaClear (Private) Limited (LankaClear) -the operator of LankaPay, Sri Lanka’s National Payment Network, together with JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., announced the commercial roll-out of National Card Scheme (NCS) programme of Sri Lanka, after successfully completing the pilot stage since the announcement of the strategic partnership in…
(Reuters) – ** Sri Lankan stocks ended weaker on Tuesday, snapping a run of seven straight gaining sessions to slip from a near six-week high hit in the previous session as investors booked profits. The rupee currency ended weaker. ** The benchmark stock index ended down 0.5% at 5,840.48, slipping from its highest close since…
Bloomberg – Apple Inc. came under fire on Monday for sending web browsing data, including IP addresses, to China’s Tencent Holdings Ltd., the latest criticism of how the company operates in the world’s most populous nation. For about two years, Apple has been sending data to Tencent as part of an iPhone and iPad security feature that warns…
Mahela Jayawardena and Kumar Sangakkara – two of the most iconic cricketers produced by the country has come on board as Sri Lanka’s Brand Ambassadors for Expo 2020 Dubai organized by the Sri Lanka Export Development Board (EDB) as a public private cooperation project . Both Mahela and Kumar, outstanding cricketers having captained the Sri…
Foreign investments in government securities recorded a net outflow of US $156 million in August 2019. On a cumulative basis, net outflows from the government securities market amounted to US $285 million during the first eight months of the year. Foreign investments in the CSE, including primary and secondary market transactions, recorded a net outflow…
The World Bank yesterday(14) revealed that Sri Lanka’s economic growth is expected to soften to 2.7% in 2019. However, supported by recovering investment and exports, as the security challenges and political uncertainty of last year dissipate, it is projected to reach 3.3 % in 2020 and 3.7 % in 2021. In its latest edition of the…
Sri Lanka’s tourism sector earnings were estimated at US $2,380 million during the first eight months of 2019 compared to US $2,971 million during the corresponding period of 2018, latest External Sector Performance report of the Central Bank of Sri Lanka outlines. Earnings from tourism were estimated at US $ 270 million in August 2019,…
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