Despite the domestic cultural belief that many Sri Lankans said to be of Entrepreneurial Spirit and Tech Savvy for Centuries, a recent a forum where the ‘Sri Lanka Development Update’ was presented by the World Bank’s Country Director for Sri Lanka and Maldives Idah Z. Pswarayi-Riddihough had pointed out that Sri Lankan youth who want…
One of the world’s biggest health summits – the 71st World Health Assembly (WHA) recently concluded its annual summit in Geneva, graced by the newly appointed Director General of the World Health Organization (WHO) Dr. Tedros Adhanomrank. Comprising 196 countries, WHA sits at the helm of the World Health Organization (WHO) and plays a pivotal…
The British Council announced the findings of its English Impact Survey – an evaluation of English Language capabilities amongst students in schools across Sri Lanka. At the presentation, invitees were given access to statistics as well as to conclusions drawn from the report which was conducted for the first time, and on a global scale….
Reuters – The Sri Lankan rupee closed slightly weaker on Monday in dull trade as thin dollar demand from importers and banks outpaced little inflows from inward remittances, dealers said. The rupee ended at 158.35/45 per dollar, compared with Friday’s close of 158.20/35. “It was a dull day and we saw some importer dollar demand….
Global real estate consultancy Jones Lang La Salle (JLL) launched the 10th edition of the Global Real Estate Transparency Index this month. Sri Lanka ranked 66 out of 100 economies this year, improving from its 2016 debut ranking of 69. With peers Myanmar improving by 22 places to rank at 73, and Vietnam ranking at…
S. Renganathan succeeds retiring Jegan Durairatnam; Sanath Manatunge takes his place in smooth succession at the top The Commercial Bank of Ceylon PLC has announced the appointments of Messrs Sivakrishnarajah Renganathan and Sanath Manatunge, two career bankers who have served the Bank for 37 years and 29 years respectively, as Managing Director and Chief Operating…
Ceylon Petroleum Corporation (CPC) launched European Emission Standard Euro 4 fuel on Monday 2nd July 2018. The introduction of Euro 4 fuel to the local energy sector will propel the Government’s vision to transform its core energy products to meet the European Emission Standards. The highly efficient Euro 4 fuel will substitute the existing 95…
Colombo Stock Exchange in a disclosure today (02) early morning notified investors that trading of the stock counter Swarnamahal Financial Services (SFS.N0000) has been suspended in terms of CSE Listing Rule 7.10.7 (i) and due to Non Compliance with Corporate Governance Rules 7.10.2 (a), 7.10.5 (a),7.10.6 (a).
Sri Lanka’s government will spend Rs. 160 billion to 200 billion to bring developmental revolution in the country, within the current and next year, Prime Minister Ranil Wickremesinghe had said addressing a meeting held recently at the Kelebokka state plantation playground to mark the distribution of 500 plots of land in extent of seven perches…
Sri Lanka’s Finance and Media Minister Mangala Samaraweera had told reporters on last Friday that government is expecting to sell the owning company of Colombo Hilton Hotel and the former Ceylinco Group owned now Government owned building where a Hyatt hotel was expected to emerge. “We’re hoping, especially the Hilton and the Hyatt, will be…
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