Reuters – ** Sri Lanka’s rupee closed flat on Thursday, with foreign outflows from government securities showing a declining trend, while equities ended a tad firmer. ** The rupee ended flat at 180.25/45 per dollar ahead of a long weekend. The currency gained 0.33% this week and is up 1.3% this year. ** Markets are…
Fact Crescendo Sri Lanka confirms they are now fact-checking content on Facebook in Sri Lanka. This continues Fact Crescendo’s commitment to combating false news and support an informed community. Fact Crescendo will check the content published in English, Sinhala and Tamil. Fact Crescendo – Sri Lanka is a locally based, independent and dedicated team that…
SLT’s gigantic technological achievement Sri Lanka Telecom (SLT), the premier telecommunication service provider in Sri Lanka is delighted to announce its epic accomplishment in the arena of technological infrastructure with the utmost dedication and commitment of the entire SLT family. The ‘Lotus Tower – Multifunctional TV and Telecommunications Tower’ is foreseen to be…
The public security in Sri Lanka was threatened by the Easter Sunday terrorist attacks with a huge negative economic impact on the fast growing tourism sector of the Country. As an immediate response to the incident, the Government of Japan has agreed to provide Japanese Yen 01 billion, (approximately Rs. 1.6 billion) grant under the…
The Singaporean unit of the French landing gear company, Safran Landing Systems, has won a deal to renovate the landing gear of 6 A330-200 Aircrafts operated by the national carrier, SriLankan Airlines. The proposal presented by Minister of Finance to award this contract to M/s Safran Landing Systems Services Singapore, concerning 6 A330-200 was approved…
Cabinet approval has been granted to construct shopping, sports complex in Nuwarawela, Kandy at a cost of Rs.121 million. According to a proposal submitted by the Minister of Public Enterprises, Upcountry Heritage & Kandy development, the project would be carried out under the purview of the Kandy Municipal Council (KMC).
Recovering momentum in Sri Lanka is faster than expected with a steady stream of visitors, despite the recent terrorist attacks earlier in 2019, said a senior executive. “We are actually seen quite a good recovery. Initially there was quite a downturn actually as expected with the type of event that happen. But fortunately we are…
International renowned economist Dr. Razeen Sally says that the incumbent government in Sri Lanka came to power without an economic plan and never developed one and that with elections coming up the country is faced with a choice between “the devil and the deep blue sea”. The Sri Lankan-born economist, who is a Visiting Associate…
Apple has determined that, in a limited number of older generation 15-inch MacBook Pro units, the battery may overheat and pose a fire safety risk. Affected units were sold primarily between September 2015 and February 2017. As a safety measure passengers are requested to verify with Apple whether their devices are affected by the recall.They…
Increasing Hajj Quota and employment opportunities under consideration The Speaker of Saudi Arabia’s Shoura Council (Parliament), Dr. Abdullah Al-Asheikh said effective steps would be taken to establish a strong cooperation between Saudi Arabia and Sri Lanka parliaments. He said this when he called on President Maithripala Sirisena at the President’s Office in Colombo Tuesday (September 10). The…
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