A high level team from United Nations Industrial Development Organization (UNIDO), Vienna joined by no less than the UN Resident Coordinator Sri Lanka launched the next phase of Sri Lanka industry revolution on 24 January in Colombo. An upbeat UNIDO said that it is impressed by the feedback received by Sri Lankan industries for its…
Even though legal provisions are in existence to admit 4.5% of foreign students out of the total number of students expected to be admitted annually to the State Universities Undergraduate Degree Programmes, it has been found that only a limited number of foreign students get registered to study in the Universities of this country. Considering…
Sri Lanka was able to create a positive image on the minds of those who visited the Sri Lanka stall at the CMT 2020 Germany, which was held from 11th to 19th January 2020 in Landesmesse in Stuttgart. CMT being the largest Consumer fair in Germany, has been identified as the best international platform for…
Sri Lanka Telecom PLC has announced the appointment of Lalith Seneviratne, Mohan Weerakoon, A K Seneviratne and Ranjith Rubasinghe to its board of directors with effect from 23rd January 2020. Lalith Seneviratne and Mohan Weerakoon PC will serve in the capacity of Independent Non-Executive Directors while A K Seneviratne and Ranjith Rubasinghe will work in…
The current low inflation environment and muted inflation pressures have created some space for fiscal as well as monetary stimulus to boost dampened economic activity, Governor of the Central Bank of Sri Lanka, Professor W D Lakshman said. “The Low level of inflation contributes to maintain a stable political condition in the country and the…
Defense Secretary Maj. Gen. Kamal Gunarathne said that the government has decided to implement all digital technology services and technology projects under the supervision and management of the ICT Agency. He made this comment Wednesday (22) at the Sri Lanka Information and Communication Technology Agency (ICTA) while addressing the staff said. Speaking further Mr. Kamal…
Commercial Bank of Ceylon PLC is of the view that the decision by Fitch Ratings to revise its outlook from stable to negative is not justified. In a stock exchange filing today (23), the bank noted that Fitch Ratings Lanka Limited has affirmed the National Long Term Rating of the Bank at AA (lka) whilst…
Due to the delay in implementing the electricity power plant projects planned, the Ceylon Electricity Board has to encounter a bitter crisis. Therefore, the Cabinet of ministers decided to take the following decisions with immediate effect considering the proposals submitted by the Minister of Electricity and Power with the objective of securing and safeguarding as…
First Capital Treasuries PLC the Primary Dealer arm and a subsidiary of First Capital Holdings PLC (the Group), has announced that it intends to issue Listed, Rated, Subordinated, Unsecured, Redeemable Debentures with a principal value of LKR 750Mn maturing in five years with the following Interest payment options payable semi-annually; Type A – 12.75% p.a….
Vega Innovations, a subsidiary of CodeGen International (Pvt) Ltd., creates history once again as the Vega EVX, Sri Lanka’s and South Asia’s first fully Electric Supercar is shipped out to Switzerland, to be unveiled at the 90th Geneva International Motor Show, 5-15 March 2020. The vehicle was shipped from the Colombo harbour on Sunday the…
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