Having recognized the importance and urgency of implementation of Kirama Katuwana Water Supply Project and project for Augmentation of Water Pipelines along with the Orugodawatta Ambatale Road Development Project, the Government has now been able to finalize the funding arrangements with foreign and local banks. Accordingly, UniCredit Bank of Austria has agreed to provide Euro…
Reuters – Sri Lankan shares on Thursday recovered from a more than one-month closing low hit in the previous session, helped by gains in market heavyweight John Keells Holdings Plc, although investors remained concerned about communal violence. After days of violence, a curfew in the town of Kandy was temporarily lifted on Thursday. “But investors…
The Fisheries and Aquatic Resources Development Ministry has implemented several projects to meet the target of producing 812,000 metric tons of fisheries productions this year, Fisheries Ministry sources said. Accordingly, the Ministry has planned to increase the total fish production by increasing the sea fish production to 434,000 metric tons, aquaculture fish production to 140,000…
Commercial Bank of Ceylon PLC, the largest private-sector bank in Sri Lanka has chosen Office 365, the cloud powered productivity solution from Microsoft, to improve communication and collaboration among its workforce, addressing the bank’s vision of supporting a digital culture change and engaging with customers. “Financial services looking for a competitive advantage will need to…
Reuters – Sri Lankan shares fell for a third straight session on Wednesday and posted their lowest close in more than a month amid investor concerns about continued communal violence. Buddhist mobs attacked mosques and businesses belonging to the minority Muslims overnight, despite the imposition of a state of emergency to restore peace in the…
IFC, a member of the World Bank Group, has partnered with the Colombo Stock Exchange (CSE) for the third consecutive year to ring the opening bell for trading to celebrate International Women’s Day 2018—a partnership that highlights how the private sector can spur women’s participation in the global economy and promote sustainable development. Studies show…
Key benefits of the technology include longer battery life for devices, unified coverage, secure connectivity, high reliability and easy deployment into existing cellular network architecture. This advanced mobile network technology will help accelerate the proliferation of IoT devices by offering the best coverage, power efficient and cost-effective solutions to enterprises Dialog Axiata PLC, Sri Lanka’s…
On the occasion of International Women’s Day, Emirates is highlighting the integral role played by its female employees through a special video which documents the breadth and diversity of the operational and technical roles performed by women in the Group. The video gives the audience a behind the scenes look at women employees from various…
Reuters – Sri Lankan shares dropped to their lowest close in nearly three weeks on Tuesday amid investors’ concerns about communal violence. The country declared a nationwide state of emergency for 10 days on Tuesday to stop the spread of violence, after clashes erupted between majority Buddhists and members of the minority Muslim community. “Market…
~ Justice prevails over alleged fraudulent and corrupt awards The Presidential Appeals Board (PAB) on procurements made recommendations to award the Retrocession Program to cover 30% Compulsory Reinsurance Cession for the Period from 1st January 2018 to 31st December 2018, to Strategic Insurance Brokers, overturning the earlier decision by the Cabinet Approved Procurement Committee (CAPC)….
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