Bloomberg – Sri Lanka’s central bank finds itself in uncharted territory as the government failed to name a successor to Governor Arjuna Mahendran, whose term ended Thursday. “The bank has never been in this situation in its entire history,” said Deputy Governor Nandalal Weerasinghe. “If we want to intervene in the market, we will have…
Ceylon Cold Stores (CCS) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. The market opening ceremony was organized to mark the first trading day for the month of July. Directors Mr. Ajit Gunewardene and Mr. Ronnie Peiris, President of the Consumer Foods Sector of JKH & Director Mr. Jit…
Ranked the best-performing plantation sector through strategic and groundbreaking HR policies, in the face of industry-wide turbulence Colombo, June 29, 2016:The Hayleys Plantations Sector is the proud ‘Gold Award’ Winner of the National HR Excellence Awards 2016, presented by the Institute of Personal Management Sri Lanka (IPM). This accolade is in recognition of the revolutionary…
The World Bank has approved a $125 million credit from the International Development Association (IDA) to assist Sri Lanka in modernizing its agriculture sector to become more efficient and attractive as a modern business, more responsive to consumer demand, and more environmentally sustainable and resilient to climate change. The project will be implemented through the…
Singapore was the host to the Annual Enterprise Asia, Asia Responsible Entrepreneurship Awards and International CSR Sumit 2016 on 24th June 2016 at Resort World, Resort World Sentosa, Convention Center, Singapore. Over 200 senior executives from multinational and leading corporations in Asia attended the event and witnessed the awards presentation. Oxford College of Business (OCB)…
Blue Mountain Apartments together with the global real estate titan Palmer and Turner Group prepare to embark a landmark real estate development project, set to make a lasting mark on Colombo’s skyline. The luxury 7-star apartment complex will be the first- of-its- kind in Sri Lanka and will feature all-new levels of luxury and innovation….
The GSMA, the worldwide association governing the Global Mobile Industry, Wednesday 29th June, named Dr Hans Wijayasuriya, Group CEO of Dialog Axiata PLC Sri Lanka, as the recipient of the ‘Outstanding Contribution to Asian Mobile Industry Award’ for 2016. The Award as described by the GSMA “is the highest honour at the Asia Mobile Awards…
The Ministry of Foreign Affairs hosted diplomatic community consisting of, Commercial Counsellors and Honorary Consuls of foreign missions to Sri Lanka for a briefing on the World Export Development Forum (WEDF) 2016, to be held in Colombo on 12-13 October 2016. The meeting was lead by Deputy Minister of Foreign Affairs Harsha De Silva, State…
A new Governor to the Central Bank of Sri Lanka is to be appointed on the recommendation of Finance Minister Ravi Karunanayake, say government sources. While Minister Ravi Karunanayake is currently on a visit to Japan, on inquiry by Ada Derana, his Parliamentary Secretary said that he would return to Sri Lanka on 04 July….
Supporting the Sri Lankan Government’s plans to enhance its maritime infrastructure and boost maritime operations, the Japan International Cooperation Agency (JICA) signed a Grant Agreement with the Government of Sri Lanka as part of the ‘Project for Maritime Safety Capability Improvement’ providing two petrol vessels to the Sri Lanka Coast Guard (SLCG) on Thursday 30…
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