President Maithripala Sirisena declared open Sri Lanka’s first permanent road-side gallery for the 60 plus artists who sell their work on the side-walks of Green Path, along the leafy, Viharamahadevi Park in Colombo 07. The project, initiated by Hon Faiszer Musthapha, Minister of Provincial Councils and Local Government, was launched amongst a host of government…
Considering recent macroeconomic developments, the Monetary Board, at its meeting held on 27 December 2017, was of the view that the current monetary policy stance is appropriate and decided to maintain the policy interest rates of the Central Bank of Sri Lanka at their present levels. However, the Central Bank will continue to cautiously monitor…
Reuters – Sri Lankan shares touched a near three-week closing high on Wednesday as investors waited for clues from the central bank’s monetary policy review later in the week, with trading muted by the holidays after Christmas. Sri Lanka’s central bank is expected to keep its key interest rates unchanged this week, a Reuters poll…
Technology has become an integral part of our daily life and it is one of the core priority areas promoting science and technology for the benefit of the industry and commerce, therefore, Sri Lanka becomes the lead country for Technology Sector in BIMSTEC, says Grace Asirwatham, State Secretary of Indian Ministry of Foreign Affairs. Delivering…
Marking the over 45 years old development cooperation between the Sri Lanka and France, The Government of French Republic agreed to extend its assistance to Sri Lanka, by providing a Euro 13.9 million (approximately SLR 2,514 million) concessional loan for the implementation of Development of Six Mini Dairies Project. The proposed project will include complete…
The Colombo Stock Exchange (CSE) recently held its year-end employee recognition event themed ‘CSE Star Performers 2017’. The event recognized long-serving employees, young achievers and employees that have best demonstrated CSE’s corporate values. Five employees were rewarded with the ‘CSE Value Champion’ accolade for championing CSE’s corporate values of Integrity, Professionalism, Teamwork, Care, and Passion….
The Embassy of Sri Lanka in Poland participated in the International Charity Bazaar 2017, held at the Marriot Hotel in Warsaw. The Charity Bazaar is organized annually by the Association of Spouses of Heads of Missions (SHOM) Warsaw in the month of December. The event is held to raise funds for charitable organizations that help…
NEW YORK (Reuters) – Oil prices surged to 2-1/2-year highs and U.S. crude touched $60 a barrel in light trading volume on Tuesday, boosted by news of an explosion on a Libyan crude pipeline as well as voluntary OPEC-led supply cuts. Armed assailants blew up a pipeline pumping crude oil to the port of Es…
Reuters – Sri Lankan shares touched a near two-week closing high on Tuesday, as investors picked up banking and diversified stocks, with muted trading as investors went on holiday in the Christmas week. Investors were also waiting for direction on interest rates when the central bank unveils its monetary policy later this week, analysts said….
Sri Lanka has been ranked the first in the South Asian region on the newly published Global Food Security Index 2017, obtaining 66th place in the global ranking. Bangladesh and Nepal ranked 80th position and Myanmar has been reported as 81st in the index while Pakistan is at 77th rank, India secured the 74th position….
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