Sri Lanka Tourism will target a revenue of US$ 4.4 billion, said Ministry of Tourism Development and Christian Religious Affairs, John Amaratunge. Sri Lanka ended 2017 with US$ 3.9 billion revenue. He said that the industry for this year has already shown a growth of 24% and will move from the current third position to…
The Road Development Authority says that a revenue of Rs.105 million was generated from the Southern Expressway during the New Year Season from April 10 to 16. An RDA official told that more than 372, 000 vehicles used the Southern Expressway during this period. Accordingly, Rs.23 million has been generated from over 79, 700 vehicles…
The country’s primary healthcare system was held up as an example of what consistent dedication can achieve at this year’s CHOGM. Microsoft Corporation Founder Bill Gates asked the Commonwealth to look to Sri Lanka to know what ‘high quality’ primary healthcare meant.Bangladesh and Sri Lanka have developed very high quality primary healthcare systems staffed primarily…
Reuters – Sri Lankan shares hit a five-week closing high in thin trade on Tuesday, rising for a fifth straight session, as many market participants stayed away due to extended holidays after the Sinhala-Tamil New Year festival over the weekend, brokers said. The Colombo stock index ended 0.74 percent higher at 6,544.25, its highest close…
“As the financial system develops, the laws and regulations aimed at preventing financial crimes need to be updated. Sri Lanka very well understands this reality and is taking every necessary measure to keep abreast of the regulatory developments”Minister of Finance and Media Mr. Mangala Samaraweera made these remarks at a roundtable discussion on ‘Financial Regulation:…
The Board of Directors of the Information and Communication Technology Agency of Sri Lanka (ICTA), the apex ICT organization under the Ministry of Telecommunication and Digital Infrastructure has been reconstituted. It is now headed by Professor Rohan Samarajiva, former Director General of the Telecommunications Regulatory Commission who contributed to the design of the e-Sri Lanka…
Renown English-language monthly magazine among world’s leading investors, focused on business and finance, Euromoney in a special report had recently outlined that Sri Lanka is a over-banked market and is ripe for a shake up. A report written by Elliot Wilson highlights that “There are the banks that began life as development outfits before switching…
South Asia has regained its lead as the fastest growing region in the world, supported by recovery in India. With the right mix of policies and reforms, growth is expected to accelerate to 6.9 percent in 2018 and 7.1 percent next year. The twice-a-year South Asia Economic Focus (SAEF) finds that the region could even extend its…
Reuters – Sri Lankan shares rose slightly on Monday and posted their highest close in nearly six weeks in light trade, as many market participants were on extended holidays after the Sinhala-Tamil New Year festival over the weekend, brokers said. Turnover was 101.9 million rupees ($653,833.81), the lowest since March 17, 2014, and less than…
Colombo Stock Exchange reported the lowest Daily Turnover in the latest history today which was merely a Rs. 101.94 million with little over 7 million shares changing hands among traders as at the end of the trading day on 16th April 2018. This is recorded to be the lowest daily turnover ever reported in last 4…
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