NEW DELHI, (Reuters) – Oman’s oil ministry on Wednesday denied being part of a $3.85 billion plan to build an oil refinery in Sri Lanka, a day after the government in Colombo announced the Arab country’s participation. Sri Lankan officials told a news conference on Tuesday that a joint venture between the Oman oil ministry and…
The Colombo Stock Exchange (CSE) and the Global Reporting Initiative (GRI) will be hosting a forum on providing guidance to listed companies on ESG disclosures. The theme of the Forum is ‘Sustainability Reporting for Sustainable Development’. This high-level engagement will be exclusive to companies listed on the CSE and will be held on 28th March…
Agence France-Presse – Singapore rejected Wednesday Sri Lankan President Maithripala Sirisena’s allegation it was sheltering a former central bank chief wanted for fraud, saying Colombo failed to provide documents to support its extradition request. Sirisena on Monday accused Singapore of sheltering Arjuna Mahendran, one of his country’s former central bank chiefs wanted in connection with a…
COLOMBO (Reuters) – India’s Accord Group and Oman’s Ministry of Oil and Gas have signed a $3.85 billion deal to build an oil refinery in Sri Lanka, the biggest single pledge of foreign direct investment ever made in the country. The deal represents a challenge to China, which had until recently been on track to…
Reuters – Sri Lanka’s share index fell for the third straight session on Tuesday to a more than 6-year closing low in light trading volume with foreign investors on the selling side, as the market awaits direction from the third and final vote on the 2019 budget, market sources said. ** Parliament last week passed…
Rome (AsiaNews) – The Chinese foreign ministry today confirmed that from March 21 to 26 next President Xi Jinping will visit Italy, Monaco and France. In Italy, in particular, he should sign a Memorandum of Understanding (MoU) with which the Italian government offers itself as a partner to support the Belt and Road Initiative (BRI),…
Huawei, a leading global information and communications technology solution provider recently said that the company is committed to work towards South Asia’s and Sri Lanka’s ICT enablement from 2019 to 2021, focusing on Digital Transformation of Sri Lanka’s economy and cultivating ICT talent, the Chief Executive Officer (CEO) of Huawei Technologies Lanka Shunli Wang said….
Reuters – Sri Lanka’s share index ended little changed on Monday, hovering near its 5-1/2-year low, as investors awaited direction from the third and final vote on the 2019 budget, market sources said. ** Parliament last week passed the second reading of the 2019 budget that raises spending while setting an ambitious goal to reduce…
New York (CNN Business) Germany’s two biggest banks are discussing a merger that could result in a national champion capable of competing with Wall Street. Deutsche Bank, Germany’s largest lender by far, confirmed Sunday that it was holding merger talks with Commerzbank. The German government holds a 15% stake in Commerzbank. “In light of arising opportunities, the…
The most important skills needed are quantitative, analytical and digital skills, adaptability and having a continuous learning mindset Microsoft and IDC today announced the results of a survey where more than 1,600 business leaders and over 1,580 workers across 15 markets in Asia Pacific were asked about the impact of artificial intelligence on society,…
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