Cabinet Decisions released to public this week highlights that the Sri Lanka Tourism Strategic Plan 2017-2020 has been implemented with the objective of achieving the objectives of increasing the current income rate of US $ 3.5 billion received from the Tourism Industry up to US $ 7.0 billion, increasing local job opportunities in the field…
Recent Cabinet decisions outlined that a proposal for the implementation of a project for the replacement of conventional street lights with Smart controlled LED street lights had been earlier presented by the Korean Telecom Cooperation. Accordingly an Officials’ Committee had been appointed by the Cabinet to examine the said proposal and submit its recommendations…
The governments of Sri Lanka and Canada have signed a cooperation agreement for the construction of a 100-MW floating solar park in Sri Lanka’s Maduru Oya Reservoir, Renewable Now recently reported. Accordingly the pact between Sir Lanka’s Ministry of Power and Energy and Business Development and the Canadian Commercial Corporation (CCC), a federal Crown corporation…
Sri Lanka’s Disaster Management Centre had recently said that the number of people affected by the severe dry weather conditions prevailing across the island country had risen to over 321,000, a several international media reports outlined. Accordingly the the worst affected districts were Vavuniya and Jaffna in the north, Puttalam in the North Western province…
Reuters – The Sri Lankan rupee ended stronger on Wednesday as dollar inflows from remittances ahead of the traditional new year provided support, while stocks closed steady in dull trade. ** Markets shrugged off the central bank’s decision on Monday of leaving its key interest rates unchanged, a widely expected move to boost an economy…
Following a successful completion of its first intake in 2018 the Advance Diploma in Financial Markets offered by the Colombo Stock Exchange (CSE) is set to commence its second intake on 22 April 2019. ADFM is the first academic qualification to be awarded by the CSE in order to foster maximizing knowledge in financial markets…
As their state controlled mining operation reported huge profits last year, thrilled workers of Sri Lanka’s premier mineral sand miner happily bagged a bonus of Rs 100,000 each on 8 April. “I wanted to reward you with a bonus of Rs 125,000 but due to recent trade union actions, I am only able to give…
Sri Lanka’s Monetary Board of the Central Bank, at its meeting held on 08 April 2019, decided to maintain policy interest rates at their current levels. Accordingly, the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank will remain at 8.00% and 9.00%, respectively. “The Board arrived at…
Sri Lanka’s financial market regulator Central Bank (CBSL) said it is introducing another feature for the investments and to enhance the awareness of investors in the Government Securities or the ‘Customers’ of the LankaSecure System. Accordingly CBSL which operates and maintains the LankaSecure System has introduced an SMS/ Email Alert Service from 25th March 2019….
Sri Lanka’s tourist arrivals in March 2019 recorded 244,328 tourists arriving in the country compared to the 233,382 arrived in March 2018, latest data outlines. Arrivals rose 4.7% compared to the same period last year. Europe became the largest source of tourist traffic to Sri Lanka with 49% of the total traffic received in…
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