Reuters – ** Sri Lanka’s rupee closed slightly weaker on Wednesday due to dollar demand from importers and state banks, while investors remained cautious over debt repayment by the government. ** Stocks edged higher from an eight-week closing low hit in the previous session. ** The rupee closed at 182.15/25 per dollar, compared with 182.00/20…
Nations Trust Bank PLC has announced the appointment of Sherin Cader, Chanaka Wickramasuriya and Arjun Fernando to its Board of Directors with effect from the 16th and 17th of December 2018 and the 18th of January 2019, respectively. Sherin Cader and Arjun Fernando will serve in the capacity of Non-Executive Directors while Chanaka Wickramasuriya will…
The development objective of the proposed project is “to increase the utilization and quality of primary health care services, with an emphasis on detection and management of non-communicable diseases in high-risk population groups, in selected areas of the country”. This objective will be achieved by supporting the reorganization and strengthening of the Sri Lankan…
The national carrier, SriLankan Airlines, recorded a significant improvement in its performance, for the 9 months ended 31st December 2018 against the corresponding period in the previous year. Notable improvements were recorded in deployment of capacity, passenger and cargo revenue, market yield and unit cost. Year 2018 was a challenging year for the Airline due…
Becomes first local bank to launch Visa Concierge Services in Sri Lanka Provides HNB cardholders access to comprehensive range of premium services Sri Lanka’s most innovative bank, HNB PLC partnered with the world’s largest global card network, Visa to offer Infinite and Signature cardholders a comprehensive array of personalized concierge services for the very…
Reuters – ** Sri Lanka’s rupee closed weaker on Tuesday due to dollar demand from importers, while stocks fell to an eight-week closing low amid concerns over debt repayment by the government. ** The rupee closed at 182.00/20 per dollar, compared with 181.75/90 in the previous session, market sources said. On Jan. 3, the rupee…
Sri Lanka’s textile and handlooms sector gets a major upgrade this year after many decades when a global technology platform used in complex patterns is presented to domestic craftsmen and designers this year. “I have been told that modern hi-tech can greatly increase the productivity of our high quality handlooms” said the Minister of Industry…
Selyn, Sri Lanka’s only fair-trade guaranteed handloom company, has been recognized by the International Finance Corporation (IFC) as one of 15 organizations to offer employer-supported childcare in the country. Selyn currently employees over 1,000 workers of which 90% are women, leading the company to prioritize providing an enabling work environment to retain its human resources….
Reuters – Tax systems that put a high burden on the poor mean public services are underfunded, stretching the gap between rich and poor and fuelling global public anger, Winnie Byanyima, executive director of Oxfam International, said on Monday. The Nairobi-headquarted charity said in a report that a new billionaire was created every two days…
India and Sri Lanka recently signed a Memorandum of Understanding (MoU) to provide modern infrastructural facilities to the Swami Vipulananda Institute of Aesthetic Studies, Eastern University in the Batticaloa District. The project involves refurbishment of the auditorium and construction of a modern building complex with audio and video recording cum editing facilities and supply of…
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