The proposal made by the Prime Minister to enter into an Agreement on the facilitation of visa arrangements between the Government of the Republic of Maldives and the Government of the Democratic Socialist Republic of Sri Lanka and to authorize the Minister of Internal & Home Affairs and Provincial Councils & Local Government to sign…
Sri Lanka Railway Department has received approval to procure 5,000 steel rails for a sum of US$ 2,320,230 in near future. Hence, The proposal made by the Minister of Transport & Civil Aviation to award the contract for the procurement of 5,000 EN 45E1 Rails (45’00”) of R 260-EN 13674 to M/s Angang Group International…
A market opening ceremony was organized at the Colombo Stock Exchange (CSE) to mark the 50th Anniversary of Abans Group, as part of a series of events organized by the company to celebrate its corporate milestone. Chairperson Mrs. Aban Pestonjee, CEO Mr. Sriyan De Silva Wijeyeratne, CFO Mrs. Chandrika Perera, Independent Director Mr. Rajaratnam Selvaskandan,…
Dialog Axiata PLC partnered Hutchison Telecommunications (Hutch) to onboard Hutch subscribers to Dialog’s ground-breaking ‘Govi Mithuru’ platform (‘Uzhavar Thozhan’ in Tamil), Sri Lanka’s first and largest mAgri service. Govi Mithuru, in line with ‘Sri Lanka E-agriculture Strategy’, espoused by Department of Agriculture, aims to contribute towards the achievement of the country’s agricultural vision and development…
As an immediate response to the adverse effects caused to the public security of Sri Lanka by the terrorist attack on Easter Sunday, the Government of Japan has agreed to provide Japanese Yen 1 billion (approximately Rs.1.6 billion) under the Non Project Grant Aids Scheme for the provision of necessary equipment for strengthening of the…
It has been proposed to establish a vocational training center in Matara similar to the Ceylon German Technical Training Institute in Ratmalana with the Financial support of the Government of Germany aimed at providing institutional and industrial training to youth in Matara and the adjoining Districts in the fields of building and automobile repairs and…
Sri Lanka’s rupee fell on Wednesday to its seven-month closing low as foreign fund outflows after the central bank cut key monetary policy rates weighed on the currency. Shares closed steady. ** Foreign investors sold net 12.9 billion rupees worth of government securities in the week ended Aug. 21, the worst weekly outflow in eight…
~ Members of the community gear up to host about 21,000 visitors to Colombo for Ashara Mubaraka Sermons His Holiness Dr Syedna Mufaddal Saifuddin TUS, the 53rd al-Dai al-Mutlaq and head of the Dawoodi Bohra community arrived in Colombo today, August 28th, to conduct the Ashara Mubaraka sermons in the city. He was received at…
Rohana Wannigama – Director, Capitol Developers/ Managing Director, Capitol TwinPeaks, the flagship residential venture of the Sanken Group, addressed a panel of industry peers at the ‘Future of Condominium living in Sri Lanka’ on the issues faced by Condominium Developers in Sri Lanka. The event which was organised by the Chamber of Construction Industry (CCI),…
In 2019/20 following Central Bank directives ,Citizens Development Business Finance PLC will undertake the merger of their 90.38% – owned specialized leasing subsidiary, Unisons Capital Leasing Ltd. (UCL), and their fully – owned subsidiary Fortune Properties Limited with CDB. “This move is expected to rationalize some of our operating costs,” Chairman of Citizens Development Business…
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