Conclave 2019 sees interests from foreign participants for Agriculture, Power and Energy, Tourism and Leisure, Export Manufacturing/Services, Infrastructure and many other thrust industries As per registrations received to date, there is a rise in interest shown for Agriculture, Power and Energy, Infrastructure development, Export Manufacturing/Services, Knowledge Services and Tourism/Leisure, by delegates registered to date to attend the “Sri Lanka…
Prime Minister Ranil Wickremesinghe yesterday (10) emphasized upon the development projects that were undertaken by the government, such as the expressway systems, road infrastructure projects and the multi-modal transport hub. “We have planned new access roads to enter Colombo, Which begins work today. We are also planning to develop a Megapolis in the Western Province, which…
** Sri Lanka’s rupee closed stronger for a second day on Tuesday, after foreign outflows from government securities showed a declining trend, while stocks too ended higher. ** The rupee ended 0.1% firmer at 180.30/50 per dollar. It closed at 180.40/60 on Monday. The currency is up 1.3% this year. ** Foreign investors sold government…
The Ministry of Finance announced that fuel prices had been reduced with effect from midnight yesterday. Accordingly, Petrol (Octane 92) per litre has been reduced by Rs. 1, the revised price will be Rs. 137; Petrol (Octane 95) will be sold at Rs. 161, decreased by Rs. 2 per litre. One litre of Super Diesel…
Sri Lanka’s Hatton National Bank (HNB) said its listed debenture issue was oversubscribed and was closed at 4.30p.m. today (10) as per the Prospectus. In a stock exchange filling today ( 10) HNB said that “An initial issue of Rs.50 million, Basel III compliant, tier II, listed, rated, unsecured, subordinated, and redeemable debentures at the…
The head of Augmented Human Lab and Associate Professor at Auckland Bioengineering Institute, Prof. Suranga Nanayakkara, believes that a strong visionary leadership is vital to achieve long-term success. “Stayed in Singapore for 20 years, seen how the country has been developing I think all what is needed is a strong leadership and then we rally…
Triad’s local insight wins Silver at globally renowned AD STARS 2019, while being locally recognized by LMD as the most respected ad agency in the country. Triad has been recognized at AD STARS Awards 2019 with a coveted Silver award for its Life Chant campaign, which was launched in partnership with the Public Health Department…
The Board of Investment of Sri Lanka signed an Agreement with Sugano Packing Materials Co., Ltd., a Japanese Company to establish a plant that will be manufacturing flexible packaging that will be utilized by, among other sectors, the local Tea industry. The packaging produced in Ja-Ela, Sri Lanka would be mainly flat bottomed bags. The…
BBC – Alibaba chairman Jack Ma is due to step down from the e-commerce giant on Tuesday, marking the end of an era for the firm. The former English teacher co-founded Alibaba in 1999 and it has become one of the world’s biggest internet firms. Mr Ma’s success and colourful style has made him one…
(Reuters) – ** Sri Lanka’s rupee closed higher on Monday from its lowest level in more than seven months hit in the previous session after foreign fund outflows from government securities showed a declining trend, while stocks rose for the first time in four sessions. ** The rupee ended 0.2% firmer at 180.40/60 per dollar,…
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