The Ceylon Chamber of Commerce will hold an informative discussion on the constitutional powers of the President post the 19th Amendment to the Constitution . The current President came into power on an election promise that the Executive Presidency would be abolished. On April 28th 2015, the 19th Amendment to the Constitution (19A) was passed…
The Government of Japan will provide US$ 86,358 (approx. Rs. 14.7 million) for “The Project for Constructing School Buildings for Resettled Children in Kilinochchi District” through its Grant Assistance for Grassroots Human Security Projects (GGP). The grant contract was signed on 18th July 2019 at the Ambassador’s Residence in Colombo, between His Excellency Mr. Akira…
(Reuters) – A key gauge of China’s debt has topped 300% of gross domestic product, according to the Institute of International Finance (IIF), as Beijing steps up support for the cooling economy while trying to contain financial risks. China’s total corporate, household and government debt rose to 303% of GDP in the first quarter of…
SriLankan Airlines launches ‘SriLankan Travel Fest’ offering an amazing discount of 40% on Business Class to over 35 destinations when booked through its online channel www.srilankan.com. An upcoming promotion will also offer a discount of 25% on Economy class tickets when booked through the airline’s official online platform. www.srilankan.com. This offer gives travelers the freedom…
HNB Assurance PLC rang the opening bell at the Colombo Stock Exchange (CSE) Friday (19). The ceremony was organized to celebrate the inclusion of HNB Assurance PLC in the S&P SL20 Index following the 2019 mid-year index review. Chairperson Ms. Rose Cooray, Managing Director/CEO Mr. Deepthi Lokuarachchi, Director Dr. Sivakumar Selliah, Chief Operating Officer Mr….
WB Senior Regional Managers meet in Colombo to show solidarity World Bank Vice President for South Asia Region, Hartwig Schafer said that the World Bank will increase assistance to Sri Lanka under three of its new operations. They include assisting the agriculture sector faced with climatic vagaries, irrigation, renewable energy, climate resilience operations and renovation…
The much awaited Ceylon Tea Global Campaign, which faced delays due to several reasons, will be launched in September this year in Russia. “Finally we were able to get over the red tape and the government procedure, as you know the government tender procedures, which are burdensome and launch the campaign,” Minister of Plantation Industries…
State-run investment promotion agency, Board of Investment (BOI) yesterday (18) said it had signed an investment agreement with a foreign firm to set up an entertainment park in the suburbs of the capital Colombo that will add to its tourist attractions. BOI said Fantasy Island (Pvt) Ltd. will invest US $ 4 million to set…
New Delhi (CNN Business) – Bill Gates is no longer the world’s second-richest person. That title now belongs to French billionaire Bernard Arnault. Arnault, the CEO of luxury goods maker LVMH (LVMHF), overtook Gates Tuesday on the Bloomberg Billionaires Index. It’s the first time since the index was created seven years ago that Gates has dropped out of the top two….
(Reuters) – Sri Lankan shares rose for the seventh consecutive session on Thursday to hit a more than four-month closing high, led by gains in diversified and banking stocks, while the rupee edged down on importer dollar demand. ** The benchmark stock index gained 0.89% to 5,695.69, its highest close since March 8. ** The…
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