All persons leaving for foreign jobs must register with the Sri Lanka Bureau of Foreign Employment (SLBFE) with the ‘Shramika Surakuma’ program to be eligible for all facilities and benefits provided by the government for migrant workers, said the Minister of Foreign Employment Thalatha Athukorala. The minister made these comments at the ‘Shramika Surakuma’ Mobile…
Best technology and expertise combined to drive sustainable waste management The ground breaking ceremony to launch the Waste to Energy Project at Karadiyana was held recently with the attendance of His Excellency President Maithripala Sirisena, along with the Chief Minister of Western Province, Isura Devapriya, Cabinet Minister of Megapolis and Western Development, Patali Champika Ranawaka,…
Reuters – Sri Lankan shares on Thursday hit an over four-month closing low as gains in telecom shares were offset by losses in diversified stocks. Analysts, however, said the market saw some buying in the latter part of the day after the government said it dropped a proposed tax on profits from share trading that…
The Asian Development Bank’s (ADB) Board of Directors has endorsed a country partnership strategy (CPS) for 2018-2022, amounting to up to $1 billion per year, to help Sri Lanka’s transition to an upper middle income country. “In its new CPS, ADB aims to respond flexibly to the evolving demands of the government,” said Sri Widowati,…
Sri Lankan conglomerate LAUGFS Gas has secured US$80mn in debt finance from Standard Chartered, for an LPG terminal in Hambantota. It marks the first private sector financing facility in Sri Lanka to be supported by Sinosure, the Chinese-state insurer. It will be built by China Huanqiu Construction and Engineering Corporation (HQC) and once completed, will…
Reuters – Sri Lankan shares fell for the third straight session on Wednesday, hitting their lowest close in more than four months, as investors sold heavyweights amid continuing uncertainty over a proposed tax reform bill. The Colombo stock index fell 0.19 percent, or 12.05 points, to 6,383.27, its lowest close since April 18. The index…
Facebook appears to have gone down in parts of the UK, leaving thousands of users unable to access their social media accounts. The reason for the crash remains unknown, but 53 per cent of users have reported a total blackout on the site. Facebook is yet to comment on the problem, or provide a fix,…
The cabinet of ministers have approved a proposal made by the Transport & Civil Aviation Minister Nimal Siripala de Silva, to award the second contract for the operation of duty free shops for next 05 years, as recommended by the standing Cabinet Appointed Procurement Committee, to Dufry AG of Switzerland.
Kia has topped a USA ranking of global automobile brands assessed for quality, outperforming a prestigious list that includes luxury marques from some of top names in the industry. This is the second successive year that the J. D. Power Initial Quality Study (IQS) has ranked Kia No. 1 on its prestigious ranking. …
Sri Lanka – Indonesia Business Council (SLIBC) which functions under the aegis of the Ceylon Chamber of Commerce held its 24th Annual General Meeting recently, at Movenpick Hotel, Colombo, re-electing Mr. Kalinga Wijesekara, Head of Marketing & Communications, Serendib Flour Mills (Pvt) Ltd. as the President of the SLIBC for a second term for 2017-2018….
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