The Cabinet of Ministers agreed to enhance the standards of the Grand Oriental Hotel in Colombo through a Public Private Partnership (PPP). Furthermore, it was decided to appoint a project committee to evaluate the proposal made by HPL Hotels and Resorts and to proceed with them subject to relevant guidelines of the government. The proposal…
Forbes listed young billionaire of mainland China, Cai Xiaoru, gave thumbs up for Sri Lanka and said that Sri Lanka remains a good destination for investment. He said that Sri Lanka as an investment destination is more open and friendly towards investors. He also said that with the launch of China’s “one belt, one road”…
Together with Ministry of Telecommunications and Digital Infrastructure (T&DI) and Sri Lanka’s leading, world class enterprise solutions provider and the licensed national backbone network operator, Sri Lanka Telecom PLC (SLT) launched its newly built, state-of-the-art, Tier 3 (Tier III) Data Centre in Pitipana – Homagama recently. It is the country’s first ‘Purpose built, tier 3…
Sri Lanka and India yesterday entered into a Memorandum of Understanding (MoU) in the field of Information Technology and Electronics (IT and E) covering a wide range of areas of mutual benefits. Minister of Telecommunication and Digital Infrastructure (MTDI) and its India counterpart – Ministry of Electronics and Information Technology (MEITY) have jointly identified several…
The Government of India has come forward to Rehabilitate and upgrade the Kankesanthurai (KKS) Harbour as a commercial port at a cost of USD 45.27 million. This will help to further strengthen the country’s effort to become a regional maritime hub in the near future, says Ministry of Finance and Mass Media. According to the…
Reuters – Sri Lankan shares fell for a fifth straight session on Tuesday and closed at their lowest in two weeks, as local retail investors booked profits in blue chips ahead of a long-delayed local election next month. The Colombo Stock Index ended 0.4 percent weaker at 6,447.61, its lowest close since Jan. 2. It…
There has been a call for an immediate statement from the Central Bank of Sri Lanka on whether there have been any irregularities in the issuing of government securities during the period 2008-2014. In this connection, attention is drawn to the Statement issued by the Monetary Board of the Central Bank of Sri Lanka on…
Minister of Finance and Mass Media Mr. Mangala Samaraweera said that one of the main proposals made in the budget to create entrepreneurs would be launched in March. He further said that those who obtain credit facilities would be given interest subsidy upto 75% .of the effective interest rate. The government expects to disburse Rs…
Minister of Development Strategies and International Trade Malik Samarawickrama during his visit to Geneva had a bilateral meeting at the Permanent Mission, with the representatives of the ‘Global Alliance for Trade Facilitation’ programme and it was agreed to consider a cooperation agreement to implement a “Multi-Country Consolidation hub” in Sri Lanka, under the ‘Global Alliance…
JAKARTA: More than 70 people were injured, and some were seen being carried on stretchers out of the Indonesia Stock Exchange on Monday (Jan 15), after a mezzanine floor collapsed onto the building’s lobby. Police cordoned off the complex as people fled the building, as the injured, including students visiting the building, were taken away by…
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