Visa is still required for visitors from 48 countries to enter Sri Lanka, but the fee has been waved off in order to boost the tourism industry, Sri Lanka’s Immigration and Emigration Controller General Pasan Ratnayak said whilst addressing a press briefing in Colombo recently. “The exemption is only for the fee. It is still necessary for…
Sri Lanka’s rupee closed almost steady on Thursday at a fresh seven-month low, but risks of foreign fund outflows weighed on the currency after the central bank cut key monetary policy rates. ** Foreign investors sold net 12.9 billion rupees worth of government securities in the week ended Aug. 21, the worst weekly outflow in…
Sri Lanka’s state run job skilling apparatus, the Technical, Vocational Education Training (TVET) sector, is now poised to receive its largest project funding in its history. Once agreements are finalised, a US $ 50 million facility is set to spawn a fully-fledged Ocean University in Sri Lanka. Also nine new hi-tech training facilities across the…
The proposal made by the Prime Minister to enter into an Agreement on the facilitation of visa arrangements between the Government of the Republic of Maldives and the Government of the Democratic Socialist Republic of Sri Lanka and to authorize the Minister of Internal & Home Affairs and Provincial Councils & Local Government to sign…
Sri Lanka Railway Department has received approval to procure 5,000 steel rails for a sum of US$ 2,320,230 in near future. Hence, The proposal made by the Minister of Transport & Civil Aviation to award the contract for the procurement of 5,000 EN 45E1 Rails (45’00”) of R 260-EN 13674 to M/s Angang Group International…
A market opening ceremony was organized at the Colombo Stock Exchange (CSE) to mark the 50th Anniversary of Abans Group, as part of a series of events organized by the company to celebrate its corporate milestone. Chairperson Mrs. Aban Pestonjee, CEO Mr. Sriyan De Silva Wijeyeratne, CFO Mrs. Chandrika Perera, Independent Director Mr. Rajaratnam Selvaskandan,…
Dialog Axiata PLC partnered Hutchison Telecommunications (Hutch) to onboard Hutch subscribers to Dialog’s ground-breaking ‘Govi Mithuru’ platform (‘Uzhavar Thozhan’ in Tamil), Sri Lanka’s first and largest mAgri service. Govi Mithuru, in line with ‘Sri Lanka E-agriculture Strategy’, espoused by Department of Agriculture, aims to contribute towards the achievement of the country’s agricultural vision and development…
As an immediate response to the adverse effects caused to the public security of Sri Lanka by the terrorist attack on Easter Sunday, the Government of Japan has agreed to provide Japanese Yen 1 billion (approximately Rs.1.6 billion) under the Non Project Grant Aids Scheme for the provision of necessary equipment for strengthening of the…
It has been proposed to establish a vocational training center in Matara similar to the Ceylon German Technical Training Institute in Ratmalana with the Financial support of the Government of Germany aimed at providing institutional and industrial training to youth in Matara and the adjoining Districts in the fields of building and automobile repairs and…
Sri Lanka’s rupee fell on Wednesday to its seven-month closing low as foreign fund outflows after the central bank cut key monetary policy rates weighed on the currency. Shares closed steady. ** Foreign investors sold net 12.9 billion rupees worth of government securities in the week ended Aug. 21, the worst weekly outflow in eight…
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