Leading energy company and a subsidiary of Lanka Ventures, the LVL Energy Fund PLC is set to expand its alternative energy footprint with the development of seven new solar power projects. The plants will be set up in partnership with First Energy SL (Pvt) Ltd, in strategic locations across the island and will have a…
Reuters – ** The Sri Lankan rupee touched a record low on Friday as banks and importers purchased U.S. dollar, while stocks climbed 1.1 percent to a two-week closing high but foreign investors’ exit from the island nation’s risky assets weighed on sentiment. ** The rupee dropped to an all-time low of 173.08 per dollar…
RIU – Sri Lanka is one of the first middle-income countries to adopt a strong tobacco control policy. The country ratified the Framework Convention on Tobacco Control (FCTC) and made early progress with a ban on enclosed public place smoking, graphic health warnings, ban on sales to persons under 21 and a ban on sponsorship,…
The Government has mobilized Grant and Concessional Loan assistance amounting to USD 50 million from the ADB to improve the efficiency, equity and responsiveness of the Primary Health Care system in Sri Lanka in line with the National Strategic Framework for Development of Health Services (2016 – 2025). The proposed Health System Enhancement Project will…
European Rubber Journal and RubberNews.com in latest report said that world’s fourth largest tyre manufacturer – Continental A.G. of Germany had taken the full ownership of Sri Lankan solid tire maker Eu-Retec (Pvt) Ltd., buying the 49% stake it didn’t own from the company’s Managing Director. The report said that the acquisition is part of…
Press and Journal in a recent report highlighted that plans have been submitted to honour a North-East man of Scotland who helped shape the world’s drinking habits. The report said that it is a statue of James Taylor, who is called to be the father of the Ceylon or Sri Lanka’s Tea industry. Accordingly Auchenblae…
Sri Lanka Customs (SLC) contributes 55% to State Revenue Sri Lanka Customs (SLC) the country’s largest revenue earning state body has been able to secure a tax revenue of Rs. 918.59 billion, contributing 55% of the total government tax revenue of Rs.1, 670.17 billion, the lately released annual report for 2017 highlights. Accordingly Director General…
Reuters – ** The Sri Lankan rupee closed on Thursday near a record low hit earlier this week as banks and importers purchased the dollar, while stocks closed flat with higher turnover. ** The rupee ended at 172.80/90 per dollar on Thursday, compared with its previous close of 172.60/70. ** The rupee dropped to an…
Architecture Xtudio, a conference for the architecture and construction industries, will be held on 29 October from 9 am to 5 pm at the Hilton Colombo. The event will bring together key decision makers and actors in the industry to synthesize the conversation on facades and interiors while also showcasing vendors, all incorporated into parallel…
Experience the Best of Thailand and Beyond with promo all-in fares from LKR 13,999* one way COLOMBO, 22 October 2018 – AirAsia marks another foray into South Asia by offering direct services between Colombo in Sri Lanka and Thailand’s capital city of Bangkok. This 4-time weekly flight service is slated to commence operation on…
Video Story
