The Cabinet of Ministers approved the proposal presented by Minister of City Planning, Water Supply and Higher Education to sign a Memorandum of Understanding between the University of Jaffna and University of Bristol in United Kingdom with the intention of developing Educational Cooperation between both countries.
The Cabinet of Ministers approved the proposal presented by Minister of Ports, Shipping and Southern Development to award the contract of procuring an additional Pilot Launches for Sri Lanka Ports Authority in line with the regulations and conditions of the previous contract to Colombo Dockyard PLC Sri Lanka Company under the provisions of Re-Order Procurement…
The Tea Exporters Association held its 20th AGM, led by the theme ‘Challenging Times for Ceylon Tea’, at the Taj Samudra Hotel, Colombo, recently. Gracing the event as Chief Guest was HE Akira Sugiyama, Ambassador – Embassy of Japan, along with Keynote Speaker Mr. Rohan Karr, Managing Director – Hayleys Leisure Holdings. The occasion also…
TKS Finance Limited Cancellation of Licence issued under the Finance Business Act, No. 42 of 2011 TKS Finance Limited (TKSF), a Licensed Finance Company under the Finance Business Act, No. 42 of 2011 (FBA), has continuously been violating/contravening the provisions of the FBA and several Directions and Rules issued thereunder. Further, financial condition of TKSF…
Reuters – ** Sri Lanka’s rupee closed weaker on Wednesday on continued demand for dollars from banks. Foreign outflows from government securities also weighed on the currency. Equities fell for the second straight session. ** The rupee closed down 0.1% at 180.70/80 to the dollar, compared with Tuesday’s close of 180.55/65. The currency is up…
Sri Lanka’s Treasury Bill yields showed a upward trend at the weekly primary auction yesterday(18) with the one year yield increasing by five basis points to 8.41%. The average weighted yield at the last auction was 8.36%. The auction was oversubscribed with bids amounting to Rs. 28,662 million being received. The Central Bank of Sri…
Manufacturing activities continued to expand at a higher rate in August 2019, recording an index value of 56.6 which is an increase of 0.9 index points, compared to July 2019. This expansion in manufacturing PMI was mainly attributable to the increase in Production and New Orders, especially in manufacturing of food & beverages and textiles…
The Central Bank of Sri Lanka said the troubled finance company, the Finance Company PLC (TFC), has not find a suitable investor to revive the company and it is now vital to find an acceptable investor to bring equity capital to TFC within an agreed time frame to avoid further deterioration of the financial condition…
Saudi Fund for Development SFD has agreed to provide a concessional loan amounting to Saudi Riyal 187.5 Million (approximately USD 50 million) to establish a Medical Faculty in the University of Sabaragamuwa. The balance USD 20.46 million will be borne by the GOSL. Accordingly, the Loan Agreement was signed today, 18th September at the Ministry…
Finance Minister, Mangala Samaraweera yesterday (17) said that State Owned Enterprises (SOE) management has become political rather than professional, resulting in waste and corruption. “SOE management has become political rather than professional, resulting in waste and corruption. For example, my personal view is that Sri Lankan Airlines is a vanity we cannot afford,” the Minister…
Video Story
