The Bensei Group of Japan will construct a hotel complex between Ahungalla and Bentota in the Galle district. One of the well known architects in Japan Kuma will design the hotel complex. It will provide an opportunity for Japanese tourists to have their meals according to Japanese tradition and taste. The construction will start at…
The anniversary oration on ‘Macro Economic Stabilization and Structural Reforms Pakistan’s Recent Experience with IMF’ will be held on 29th August at 3.30 p.m. at the Atrium, Central Bank Head Office, Colombo 01. Former Governor of the State Bank of Pakistan Ashraf Mehmood Wathra will deliver the oration. The event is organized by the Central…
The Gem and Jewelry Industry of Sri Lanka as well as the premier platform which showcases it, the FACETS Gem and Jewelry Exhibition, has gained much international acclaim and recognition. This has been proven by the confirmation of several international delegations for the 27th edition of FACETS this year. The countries include some of the…
HNB Grameen Finance Ltd signed a Memorandum of Understanding (MoU) recently with Colonial Motors PLC to offer attractive leasing options for Vespa and Aprilia Motor scooters. The MoU features a number of exciting offers including special interest rates and longer repayment period. HNB General Insurance will provide an attractive premium for the scooters as well….
Reuters – Sri Lankan shares ended firmer on Friday, recovering from an over four-month closing low hit in the previous session as investors bought battered shares following the government’s decision to drop a proposed tax on profits from share trading. Junior finance minister on Thursday said that Sri Lanka will not go ahead with a…
Reuters – Sri Lanka has used a greenshoe option to raise an additional $550 million through a three-year syndicated loan that was pre-funded by a six-bank group in early May, extending its total external borrowings through syndicated loan to $1 billion, a top treasury official said. “We have received $550 million from the three-year syndicated…
ESPNcricinfo – The much-delayed IPL media-rights bidding has been rescheduled for September 4 in Mumbai. A total of 24 companies, both from India and overseas, have bought the bid document for the rights which the BCCI decided in May would be sold for the next five years (2018-22) across media platforms (broadcast and digital). The…
All persons leaving for foreign jobs must register with the Sri Lanka Bureau of Foreign Employment (SLBFE) with the ‘Shramika Surakuma’ program to be eligible for all facilities and benefits provided by the government for migrant workers, said the Minister of Foreign Employment Thalatha Athukorala. The minister made these comments at the ‘Shramika Surakuma’ Mobile…
Best technology and expertise combined to drive sustainable waste management The ground breaking ceremony to launch the Waste to Energy Project at Karadiyana was held recently with the attendance of His Excellency President Maithripala Sirisena, along with the Chief Minister of Western Province, Isura Devapriya, Cabinet Minister of Megapolis and Western Development, Patali Champika Ranawaka,…
Reuters – Sri Lankan shares on Thursday hit an over four-month closing low as gains in telecom shares were offset by losses in diversified stocks. Analysts, however, said the market saw some buying in the latter part of the day after the government said it dropped a proposed tax on profits from share trading that…
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