The Government’s vision 2025 – A Country Enriched policy document has identified the importance of enhancing the access to finance for the micro, small and medium enterprises. Accordingly, the Government launched the “Enterprise Sri Lanka” Loan Schemes on an Island-wide basis in 2018, to create an entrepreneurial society, particularly amongst our youth, by providing access…
Speaking exclusive to Ada Derana first at 9, Sri Lanka’s Ambassador to France B.K. Athauda noted that revival of the tourism sector in the aftermath of the Easter Sunday attacks is not a responsibility that should merely lie with Sri Lanka bureaucrats. Ambassador Athauda notes that, the whole country including diplomats have a major role…
After the successful and pioneering training for Sri Lanka’s bamboo craftsmen in early 2019, the second phase of the program will take-off in Colombo on Saturday 15 June. The project, pioneered in early 2019 by UNIDO, introduces international bamboo craft expertise for local craftsmen for the first time. Launched by the United Nations industrial Development…
Sri Lanka’s First Capital Research has upgraded their exchange rate outlook for 2019E to US $1: Rs.180 from RS.194 as their 65% base case scenario. The firm has also introduced a 12-month target for June 2020E of US $ 1: Rs.185 as a 60% base case scenario. “In spite of the recent rate cut, the…
Reuters – Sri Lankan shares rose for the fifth straight session on Thursday to end at a near six-week high on local buying, even as foreign investors continued exiting the island nation’s risky assets, while the rupee edged lower on importers’ dollar demand. ** The benchmark stock index ended 0.16% firmer at 5,387.36, its highest…
The Central Bank of Sri Lanka was awarded with the Presidential Award for Digital Excellence at the launch of the National Digital Roadmap by His Excellency the President Maithripala Sirisena, held in Nelum Pokuna Theatre on 11th June 2019. This was presented to the Central Bank of Sri Lanka in recognition of great service rendered…
Panasian Power PLC (PAP.N), one of Sri Lanka’s leading green energy solutions providers, announced the private placement to institutional investor Emerald Fund (subject to Colombo Stock Exchange and shareholder approval) – one of the largest private equity funds dedicated to Sri Lanka. At Rs. 3.20 per share the Emerald Fund will invest Rs. 400 million…
Addressing an event in Colombo yesterday (12) Minister of Tourism Development, Wildlife and Christian Religious Affairs John Amaratunga noted that, Sri Lanka needs more entertainment activities in order to attract tourist to Sri Lanka. Minister Amaratunga also offered his support to hoteliers to recommence nightclub and casinos, emphasizing that it is one way to attract…
Sri Lanka Tourism and the National Carrier Sri Lankan Airlines unveiled an attractive, four- month promotional campaign to stimulate tourists from Sri Lanka’s largest source market, India. Sri Lanka Tourism, in collaboration with Sri Lanka Association of Inbound Tour Operators (SLAITO), The Hotels Association of Sri Lanka (THASL), and SriLankan Airlines, will offer a total…
Reuters – Sri Lankan shares rose for the fourth straight session on Wednesday to hit a more than five-week closing high on local buying, offsetting continued foreign selling in equities, while the rupee ended slightly weaker on dollar demand from importers. ** The benchmark stock index ended 0.81% firmer at 5,378.73, its highest close since…
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