Sri Lanka will commence the initial discussions on the proposed comprehensive Economic and Technology Cooperation Agreements with China, India, and Singapore next week. Discussions with China will be held on August 2nd, 3rd, 4th, with India on August 9th, 10th, and with Singapore at the end of August. As Sri Lanka had not a National…
The Asian Development Bank (ADB) has approved a loan of $115 million and $3.8 million in grants to help Sri Lanka meet its goal of achieving 100% electrification and improve the reliability of its electricity supply, including in former strife-torn areas and on small isolated islands. The grants comprise $2 million from the Japan Fund…
Following an announcement in 2014 on the intention to progress opportunities in the Sri Lankan sapphire and gemstone sector, Gemfields plc, the world’s leading supplier of responsibly sourced coloured gemstones is pleased to announce next steps in this regard. The company will shortly call for expressions of interest from local mining companies with a view…
Launch of the fourth cycle 2016/2017 The fourth cycle of the Geoffrey Bawa Awards for excellence in Architecture was launched Saturday (23), at the relocated and reconstructed Ena De Silva House adjoining the premises of the historic Geoffrey Bawa Gardens in Lunuganga, Bentota. This year’s Award commemorates the 97th birth anniversary of the illustrious architect….
Based on the undertaking that a productivity-based wage agreement will be signed by August 2016 for the remuneration of estate workers, the Regional Plantations Companies (RPCs) on Tuesday (26th July) signed a loan agreement with the Sri Lanka Tea Board to obtain the funds provided by the Government for the payment of an interim allowance…
The starting of daily trading at the Colombo Stock Exchange (CSE) was delayed by around 10 minutes this morning (27 July) due to an error in the transaction system. Hence, the 9.00 am to 9.30 am open auction call session has been extended by another 10 minutes to 9.40 am. However, daily trading began at…
Reuters – Sri Lankan shares closed at their lowest in two weeks on Tuesday as investors sold blue-chips such as John Keells Holdings Plc even as the market awaited directions on the country’s economic policy. The benchmark Colombo stock index ended down 0.14 percent at 6,387.85, its lowest since July 11. “Market is down on…
The Brandix Group has won two top awards including the award for ‘Outstanding Vendor – Overall Excellence’ from Gap Inc., a leading global retailer of clothing. The awards, presented at the Gap Inc. Global Supply Chain’s 2016 Vendor Summit in Hong Kong, recognise Brandix’s contribution to Gap in terms of business volumes, product quality, speed…
The Ministry of Telecommunication and Digital Infrastructure recently held an informative breakfast meeting to educate senior public sector officials on the importance of ‘Cybersecurity and Trust in Technology’. Speaking at the event, Mr. Wasantha Deshapriya, Secretary to the Ministry of Telecommunication and Digital Infrastructure, discussed the threats and consequences of cyber-attacks on government systems and…
The Government of Germany granted 13 million Euros to Sri Lanka to implement five development projects during this year. This grant was pledged to Sri Lanka during His Excellency President Maithripala Sirisena’s official tour of Germany in February this month. The agreements with regard to this grant were signed at the Ministry of Finance Monday…
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