Lakmini Wijesundara, Co-founder and CEO of IronOne Technologies and BoardPAC in Sri Lanka was chosen as the SAARC Woman Entrepreneur for the year 2018 from a pool of exemplary women entrepreneurs in the South Asian region at a glittering ceremony recently. Aspiring to create strong role models in South Asia with the belief that every…
Reuters – The Sri Lankan rupee closed 0.4 percent stronger on Friday as dollar inflows from inward remittances ahead of the traditional new year celebrations helped bolster the local currency, market sources said, while stocks ended firmer. ** The currency extended gains into a fourth session to end firmer at 175.35/50 to the dollar, up…
The Colombo Stock Exchange (CSE) and the Dhaka Stock Exchange (DSE) jointly announce the signing of a Memorandum of Understanding (MoU) to formalize collaborative efforts directed at mutual development. The MoU will pave the way for a greater level of information exchange between the two stock exchanges and will focus on product development, capacity building…
The famous brand owner of ‘Arpico’ and Richard Pieris and Company PLC Chairman, billionaire Dr. Sena Yaddehige has been charged with insider dealing by the Securities and Exchange Commission (SEC), with the matter currently at the Fort Magistrate’s Court, a recent media report said. Accordingly based on the findings of investigation bearing reference number…
Under an accelerated program to empower the freshwater fishers, over 90,000 fish fingerlings were stocked in the Weerawila Reservoir recently under the patronage of State Minister of Fisheries and Aquatic Resources Development Dilip Wedaarachchi, a report said. Accordingly, the Weerawila reservoir is stocked with fish fingerlings with a high yield and a high demand and…
Following on the commemoration of 130 years serving as a partner in progress to Sri Lankans from all walks of life, representatives from the country’s most successful retail bank, HNB PLC, participated in the CSE bell ringing ceremony to open the trading day. Currently the fifth most capitalized stock on the Colombo Stock Exchange,…
Sri Lanka’s Ministry of Finance recently said that the Enterprise Sri Lanka loan scheme has disbursed over Rs.78.62 billion among young entrepreneurs across Sri Lanka to date. “Under the Enterprise Sri Lanka program implemented according to a concept of Finance Minister Mangala Samaraweera with the objective to produce 100,000 entrepreneurs, 46,673 loans have been…
NEW DELHI/COLOMBO (Reuters) – An agreement to build a proposed $3.85 billion oil refinery in Sri Lanka will take at least a year to be finalized as its main investor, India’s Accord Group, says it is yet to recruit partners and conduct an assessment of the plan’s viability. The comments add to confusion about the…
Reuters – The Sri Lankan rupee closed stronger on Thursday due to dollar inflows from inward remittances ahead of the traditional new year celebrations, market sources said, while stocks snapped an eight-session losing streak to end higher. ** The currency extended gains into a third session to end firmer at 176.10/25 to the dollar, up…
RIU Trade surveillance report in association with the Sri Lankan High Commission in London Mar 28, 2019 (London) – The United Kingdom is one of the major trading partners of Sri Lanka, amounting to over 10 percent of the total annual trade. The trade between two countries has been on the upsurge for the last…
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