Sri Lanka’s one of the two Casino Moguls that had dominated the Gaming Industry for over 30 years in the island, Ravi Wijeratne, Chairman-owner of conglomerate Rank Holdings, who operates a port, builds real estate, handles waste-reclamation and is building hydro and wind energy plants will soon foray into mega scale booming construction industry in…
Bloomberg – Raj Rajaratnam, the mastermind of what prosecutors said was one of the largest hedge-fund insider-trading rings in U.S. history, is out of prison — almost two years early. And he’s been out for more than six weeks. Rajaratnam, whose Galleon Group LLC once managed more than $7 billion, has been living with his family on a…
First ever event in the Northern Province Keen interest by entrepreneurs in Matara Upcoming events in Polonnaruwa and Batticaloa Regional companies actively considering listing on the Empower Board The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) have continued to engage regional entrepreneurs through a series of events presenting…
Sri Lanka Podujana Peramuna (SLPP) presidential candidate Gotabhaya Rajapaksa yesterday (08) gave a comprehensive outline of his blueprint to develop Sri Lanka and Focused on areas beyond national security which will fast track the countries development process. Addressing the annual convention of the Viyathmaga organization, under the title ‘Actioning the Blueprint’ Rajapaksa emphasized the importance…
Sri Lanka’s gross official reserves grew by US $185.54 million by the end of August 2019 up to US $ 8,532.6 million, latest Central Bank data showed. In July 2019, the gross official reserve were estimated at US $8,347.06. Meanwhile, by the end of August, foreign currency reserves were 7,494.7 million dollars while the reserve…
‘Top 50’ Professional and Career Women Awards 2019 showcase inspiring stories of empowered women who are powering sustainable growth in Sri Lanka The ‘Top 50’ Professional and Career Women Awards 2019 were conferred recently, with Sri Lankan women leaders recognized for their contributions to sustainable and inclusive economic growth in the country. Achievements like…
Cabinet approval had been given to appoint a Steering Committee and Technical Evaluation Committee for the mobilization of the issuance of a samurai bond, Central Bank Governor Dr. Indrajit Coomaraswamy said. “The cabinet approved the Steering Committee and the Technical Evaluation Committee for the mobilization or the issuance of a samurai bond. So we are…
Minister of Finance Mangala Samaraweera who is in Jaffna overseeing the implementation of entrepreneurship loan scheme to young people in the northern province Sunday (08) held series of meetings with war affected people to help them to make use of the opportunity under the enterprise Sri Lanka Exhibition to obtain loans. In the morning he…
Reuters – ** Sri Lanka’s rupee closed at its lowest level in over seven months as foreign fund outflows from government securities rose, while stocks extended losses for the third straight session. ** The rupee ended weaker at 180.80/181.00 per dollar, its lowest since Jan. 28. It closed at 180.75/90 on Thursday. However, the currency…
OSLO/KUALA LUMPUR (Reuters) – Telenor (TEL.OL) and Malaysia’s Axiata Group (AXIA.KL) have ended talks to create a telecoms joint venture with nearly 300 million customers across South Asia and Southeast Asia in a blow to the Norwegian group’s growth strategy and shares. Shares in Telenor, which has expanded in Asia in pursuit of growth outside…
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