Minister of Petroleum Resources Development Chandima Weerakkody is optimistic that the price of lubricants can be reduced in the future by 25%. Addressing a news conference in Colombo, the Minister said that action will be initiated to grant this relief with the launch of the Lubricants business in affiliation to the Ceylon Petroleum Corporation. The…
Amidst exporters’ praise on government’s continued efforts to resolve the EU fishery ban, a top team of officials from Sri Lanka is now scheduled to depart for Brussels for decisive talks on the ban. The Lankan team shall include members from the Prime Ministerial Task Force on the EU Fishery ban. “A top Lankan delegation…
SriLankan Airlines partnered with two of Sri Lanka’s most reputed institutes of higher learning – the University of Colombo and the University of Sri Jayawardenepura – to strengthen and sharpen the skills of its leaders of the future through programmes that were especially designed for the National Carrier. Pradeepa Kekulawala, Head of Human Resources at…
Government of Kazakhstan has extended an invitation to Sri Lanka to participate in “World Expo” 2017 Exhibition. Addressing the weekly cabinet briefing held at the Government Information Department (March 17), Minister of Mass Media and Parliament Reforms Gayanatha Karunathilaka said that the “World Expo” exhibition is held once in two years in the prominent capitals…
Three agreements were signed today(16th) between Sri Lanka and European Union on financial grant worth of 43.7 million euro and technical assistance. Signing of these agreements took place at the Ministry of Finance led by the Finance Minister, Mr. Ravi Karunanayake and the Commissioner, European Union Mr. Neven Mimica. Agreement on “Assistance for Integrated Rural…
Reuters – Sri Lankan shares gained for the second session on Thursday at their highest in two weeks as investors bought beaten-down stocks, but concerns over a higher budget deficit and economic growth dampened investor sentiment, brokers said. The benchmark share index was up 0.78 percent, or 47.15 points, at 6,068.52 at 0711 GMT, its…
The Ceylon Chamber of Commerce recently signed an MOU with the Post Graduate Institute of Management Alumni (PIMA), to support the educational institute’s Inaugural PIMA-Olympics: The National Management Awards, , which is held in order to recognize and reward the achievements of professional business leaders of the country, who are serving within Sri Lanka and…
Wind turbine manufacturer, Gamesa, has won an order for putting up a 20 MW solar project in Sri Lanka, the company’s first solar job in the island nation. The plant is to be put up in Barunthankanda village in the Hambantota Province. Under this contract, Gamesa will provide complete turnkey EPC solutions that include engineering…
With effect from March 1, 2016, Carl Cruz assumed duties as Chairman of Unilever Sri Lanka, taking the helm from his predecessor, Shazia Syed who has returned to Pakistan to assume her duties as the Chief Executive Officer of Unilever Pakistan. Carl arrived in Sri Lanka from the Philippines, where he last served as the…
The Commercial Bank of Ceylon has broken new ground in technology-enabled convenience by becoming the first bank in Sri Lanka to offer customers an e-Passbook that provides access to details of savings, current, NRFC and RFC accounts on Android and iOS powered mobile devices. A breakthrough digital virtual mobile application offered free by the country’s…
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