Sri Lanka’s first venture fund of USD 15 Mn (LKR 2.3 Bn) to focus exclusively on digital startups Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, announced the launch of the Digital Innovation Fund, in the presence of the Right Honourable Dato’ Sri Mohd Najib bin Tun Abdul Razak, Prime Minister of Malaysia to signify…
Colombo Christmas Street 2017 is set to take place from December 21st to 23rd at Green Path offering a whole new concept in entertainment for the 2nd Consecutive year. The event is organized by the Sri Lanka Retailers’ Association in collaboration with the Ministry of Tourism Development and Sri Lanka Apparel Brands Association. The seasonal…
MOSCOW, Dec 19 (Reuters) – Russia’s agriculture safety watchdog Rosselkhoznadzor plans to discuss restricted tea imports with Sri Lanka at the end of December, it said in a statement on Tuesday. Russia placed temporary restrictions on imports of tea and all other agricultural products from Sri Lanka from Dec. 18 after a beetle was found…
Reuters – Sri Lankan shares fell for a third straight session on Tuesday to their lowest close in more than eight months as investors offloaded banking and diversified stocks. The Colombo Stock Index ended 0.33 percent weaker at 6,325.46, its lowest close since April 11. The index was down 0.4 percent last week, its sixth…
Dunamis Capital PLC announces the appointment of Mr. Nathan Sivagananathan as a Director of the Board with effect from 18th December 2017. The appointment of a professional in the caliber of Mr. Sivagananathan to the Board of Dunamis Capital a strategic investor with principal interests in Financial Services and Real Estate, exercising significant control over…
Toyota recently hinted that it was finally ready to embrace pure electric cars, and now we have a better sense of what that commitment entails. The automaker has outlined its goals for low- and zero-emission cars in the next decade, and it expects to field “more than 10” EVs worldwide by the early 2020s, starting…
Axiata Group Bhd unit, Dialog Axiata Plc, which is Sri Lanka’s largest telecommunications service provider, has bright prospects to increase its investment by another US$300 million in the country as its licence issue is being resolved. Prime Minister Najib Abdul Razak said the additional investment, which was held back due to the delay in the…
The first ever meeting between Pakistan’s sole rice exporter grouping REAP and Sri Lanka’s essential commodities import conglomerate EFCITASL was successfully wrapped in Colombo on 14 December despite coming up short on high expectations of a rice trade deal between the two. “Our first ever talks with the Essential Food Commodities Importers and Traders Association…
Reuters – Sri Lankan shares fell for a second straight session on Monday to hit their lowest close in more than eight months as investors offloaded plantation and telecom stocks. The Colombo Stock Index ended 0.09 percent weaker at 6,346.70, its lowest close since April 11. It lost 0.4 percent last week, its sixth consecutive…
President Maithripala Sirisena and the visiting Prime Minister of Malaysia Dato’ Sri Mohd Najib bin Tun Abdul Razak agreed to expand existing close cooperation in many fields including trade and investment, agriculture, science and technology including nano and bio technology, e-commerce, e-courts, international forums, military training, diplomatic training and intelligence exchange to curb drugs and…
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