ANI: India–Maldives relations are not passing through the best of times. According to sources, India did not send its representative on the recent inauguration event of the Sinamale Bridge, which has been constructed with the help of USD 72 million loan from China. It is learnt that an invitation was extended to the Indian Ambassador to Maldives Akhilesh Mishra to attend the event….
Prime Minister Hon. Ranil Wickremesinghe will deliver the keynote address at the final session of the Sri Lanka Economic Summit (SLES) 2018, organized by Sri Lanka’s apex business chamber, the Ceylon Chamber of Commerce (CCC). The event will be held spanning over the course of 2 days on 13th & 14th September, at Cinnamon Grand…
When compared with last year the Sri Lanka had witnessed a drastic increase in the illegal production of liquor in the Financial Year 2017/2018, the latest annual review of the country’s largest manufacturer of liquor Distilleries Company of Sri Lanka (DCSL) Chairman and Managing Director Harry Jayawardena points out. “We have also observed that a…
Saudi Arabian government officials had recently pledged US $ 300 million worth of assistance to Sri Lanka, which will be disbursed to various areas in the country to be spent on water supply projects, agriculture sector, education and health facility development. “We are happy to assist Sri Lanka and look forward to strengthen bilateral ties…
Reuters – Sri Lankan shares posted a weekly gain as they edged higher marginally on Friday, pulling further away from a 17-month low hit earlier this week. The Colombo stock index ended 0.06 percent higher at 6,080.26, in its fourth gaining session in 15. It rose 0.4 percent this week, marking the second straight weekly…
Reuters – The Sri Lankan rupee dropped to an all-time low on Friday, marking its ninth straight session of setting fresh lows, as dollar demand from importers remained strong. The rupee, which hit a fresh record low of 161.55 early in the trade, closed steady at 161.40/50 per dollar. The local currency surpassed its earlier…
A Billionaire who had said to have built his empire with initial Japanese business connections in Sri Lanka according to analysts, such as in Motor Vehicles trade franchises, Sri Lankan Billionaire Sumal Perera recently stressed that Sri Lanka’s best chance of investments in the country is China. “I think most of the world is living…
“Japan is getting more serious about preventing China’s dominance of the Indian Ocean” the world famous American family-controlled bi-weekly business magazine – Forbes recently said in a report on Thursday (30th August 2018) adding that last week, Tokyo donated two coast guard patrol craft to Sri Lanka that cost over US $ 11 million to…
Global lending giant focused to reduce poverty in Asia and Pacific via lending, – Asian Development Bank (ADB) on yesterday echoed support and commitment towards Sri Lanka’s continued development drive to achieve inclusive growth, by further announcing a fund of US $ 3 billion over the next three years, till 2021. “From 2019 to 2021,…
Reuters – Sri Lankan shares ended higher on Thursday, moving away from their lowest close in 17 months hit earlier this week, as reports that the main state-owned pension fund would return to the equity market boosted sentiment. The Employees’ Provident Fund, which had halted equity investments in 2015, is set to resume buying and…
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