The Board of Investment of Sri Lanka signed an Agreement with Sugano Packing Materials Co., Ltd., a Japanese Company to establish a plant that will be manufacturing flexible packaging that will be utilized by, among other sectors, the local Tea industry. The packaging produced in Ja-Ela, Sri Lanka would be mainly flat bottomed bags. The…
BBC – Alibaba chairman Jack Ma is due to step down from the e-commerce giant on Tuesday, marking the end of an era for the firm. The former English teacher co-founded Alibaba in 1999 and it has become one of the world’s biggest internet firms. Mr Ma’s success and colourful style has made him one…
(Reuters) – ** Sri Lanka’s rupee closed higher on Monday from its lowest level in more than seven months hit in the previous session after foreign fund outflows from government securities showed a declining trend, while stocks rose for the first time in four sessions. ** The rupee ended 0.2% firmer at 180.40/60 per dollar,…
Sri Lanka’s one of the two Casino Moguls that had dominated the Gaming Industry for over 30 years in the island, Ravi Wijeratne, Chairman-owner of conglomerate Rank Holdings, who operates a port, builds real estate, handles waste-reclamation and is building hydro and wind energy plants will soon foray into mega scale booming construction industry in…
Bloomberg – Raj Rajaratnam, the mastermind of what prosecutors said was one of the largest hedge-fund insider-trading rings in U.S. history, is out of prison — almost two years early. And he’s been out for more than six weeks. Rajaratnam, whose Galleon Group LLC once managed more than $7 billion, has been living with his family on a…
First ever event in the Northern Province Keen interest by entrepreneurs in Matara Upcoming events in Polonnaruwa and Batticaloa Regional companies actively considering listing on the Empower Board The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) have continued to engage regional entrepreneurs through a series of events presenting…
Sri Lanka Podujana Peramuna (SLPP) presidential candidate Gotabhaya Rajapaksa yesterday (08) gave a comprehensive outline of his blueprint to develop Sri Lanka and Focused on areas beyond national security which will fast track the countries development process. Addressing the annual convention of the Viyathmaga organization, under the title ‘Actioning the Blueprint’ Rajapaksa emphasized the importance…
Sri Lanka’s gross official reserves grew by US $185.54 million by the end of August 2019 up to US $ 8,532.6 million, latest Central Bank data showed. In July 2019, the gross official reserve were estimated at US $8,347.06. Meanwhile, by the end of August, foreign currency reserves were 7,494.7 million dollars while the reserve…
‘Top 50’ Professional and Career Women Awards 2019 showcase inspiring stories of empowered women who are powering sustainable growth in Sri Lanka The ‘Top 50’ Professional and Career Women Awards 2019 were conferred recently, with Sri Lankan women leaders recognized for their contributions to sustainable and inclusive economic growth in the country. Achievements like…
Cabinet approval had been given to appoint a Steering Committee and Technical Evaluation Committee for the mobilization of the issuance of a samurai bond, Central Bank Governor Dr. Indrajit Coomaraswamy said. “The cabinet approved the Steering Committee and the Technical Evaluation Committee for the mobilization or the issuance of a samurai bond. So we are…
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