SME Pro-Link, an initiative of the GIZ and CCC and which was launched last year is planning to launch its 2nd phase. Accordingly, the second “SME ProLink: Unity Through Business” Programme in Trincomalee would be orgarnised in Trincomalee District and would provide opportunities to the participating SMEs and the stakeholders of the Food and Beverage…
The Eighth Annual General meeting of the Indo Lanka Chamber of Commerce & Industry was held recently at the Taj Samudra Hotel, Colombo. Speaking on the occasion, High Commissioner congratulated President of ILCCI Mr Vish Govindswamy, who was re-elected for 2016-17, and the new office bearers of ILCCI. He commended the role of ILCCI in…
Mr Anthony Nihal Fonseka has been appointed by His Excellency the President as a Member of the Monetary Board of the Central Bank of Sri Lanka with effect from July 27, 2016 in terms of Section 8(2)(c) of the Monetary Law Act. Mr Fonseka is a veteran banker who held a number of key managerial…
The Group – which operates in the spheres of Logistics, Leisure and Ventures – records resilient performance amidst challenges 4th August 2016: Via its strategic shift towards focus on growth sectors, Expolanka Holdings PLC has achieved Revenue growth of seven per cent year-on-year (YoY) amidst challenges, thereby increasing its Revenue for the first quarter of…
As a further policy measure to develop the government securities market, the Central Bank from Thursday (04) has commenced releasing summary trading statistics on actual trading of government securities in the secondary market. From August 1, 2016, all primary dealers have been required to undertake inter-primary dealer trades in the trading platform arranged by the…
Reuters – 4 Sri Lankan shares ended lower on profit-taking on Thursday, snapping five days of gains and slipping from their highest level in more than seven weeks hit in the previous session, analysts said. The bourse has been on a gaining trend on hopes that economic fundamentals would improve after the central bank’s rate…
Sri Lanka’s Hon. Prime Minister Ranil Wickremesinghe met leading business personalities at a dinner event organized by the Horton Debate Society in Colombo recently. At the well-attended function, Prime Minister Wickremesinghe explained his plans for electoral reforms, constitutional amendments and the initiatives underway to develop the economy. The Prime Minister was joined by his wife…
Central Depository System (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), announces the launch of CDS e-connect, a secure electronic business portal that offers an array of online services to CDS account holders. With CDS e-connect, account holders have the ability to access resources including transaction details, portfolio reports and…
Emirates flight EK521 was involved in an operational incident upon landing on 3rd August 2016. • Boeing 777-300 was travelling from Trivandrum to Dubai • All 282 passengers and 18 crew evacuated safely Dubai, U.A.E., 4th August 2016: Emirates flight EK521 was involved in an operational incident upon landing at Dubai International Airport at approximately…
The Japanese government is to provide a soft loan for the construction of a light rail network in Colombo. The announcement by Western Region Megapolis Project Chairman Ajita de Costa followed the visit of a Japanese delegation led by Vice Minister for Economy, Trade & Industry Hirofumi Katase on July 26-27. The loan would be…
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