Sri Lanka and India yesterday entered into a Memorandum of Understanding (MoU) in the field of Information Technology and Electronics (IT and E) covering a wide range of areas of mutual benefits. Minister of Telecommunication and Digital Infrastructure (MTDI) and its India counterpart – Ministry of Electronics and Information Technology (MEITY) have jointly identified several…
The Government of India has come forward to Rehabilitate and upgrade the Kankesanthurai (KKS) Harbour as a commercial port at a cost of USD 45.27 million. This will help to further strengthen the country’s effort to become a regional maritime hub in the near future, says Ministry of Finance and Mass Media. According to the…
Reuters – Sri Lankan shares fell for a fifth straight session on Tuesday and closed at their lowest in two weeks, as local retail investors booked profits in blue chips ahead of a long-delayed local election next month. The Colombo Stock Index ended 0.4 percent weaker at 6,447.61, its lowest close since Jan. 2. It…
There has been a call for an immediate statement from the Central Bank of Sri Lanka on whether there have been any irregularities in the issuing of government securities during the period 2008-2014. In this connection, attention is drawn to the Statement issued by the Monetary Board of the Central Bank of Sri Lanka on…
Minister of Finance and Mass Media Mr. Mangala Samaraweera said that one of the main proposals made in the budget to create entrepreneurs would be launched in March. He further said that those who obtain credit facilities would be given interest subsidy upto 75% .of the effective interest rate. The government expects to disburse Rs…
Minister of Development Strategies and International Trade Malik Samarawickrama during his visit to Geneva had a bilateral meeting at the Permanent Mission, with the representatives of the ‘Global Alliance for Trade Facilitation’ programme and it was agreed to consider a cooperation agreement to implement a “Multi-Country Consolidation hub” in Sri Lanka, under the ‘Global Alliance…
JAKARTA: More than 70 people were injured, and some were seen being carried on stretchers out of the Indonesia Stock Exchange on Monday (Jan 15), after a mezzanine floor collapsed onto the building’s lobby. Police cordoned off the complex as people fled the building, as the injured, including students visiting the building, were taken away by…
Macroeconomic and financial conditions have been stable, despite a series of weather-related supply shocks. The authorities remain committed to the economic reforms under the program and have undertaken measures to improve government revenue and accumulate international reserves, said Mitsuhiro Furusawa, Acting Chair and Deputy Managing Director of the International Monitory Fund following the Executive Board’s…
Perceived Economic Opportunity PEO: October, 2017 This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. STATUS OF JOB PROSPECTS…
Fitch Ratings has assigned Sampath Bank PLC’s (A+(lka)/Negative) proposed Basel III compliant subordinated debentures an expected National Long-Term Rating of ‘A(lka)(EXP)’. The notes will total LKR7.5 billion, mature in five years and carry fixed coupons. The notes include a non-viability clause and will qualify as regulatory Tier II capital for the bank. The bank plans…
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