A project by the International Union for Conservation of Nature (IUCN) to monitor the water quality in the Kelani River Basin as a prelude to a larger initiative for the Basin’s management and conservation, has received funding support from Brandix, Sri Lanka’s top-ranked exporter. Brandix will finance the project and collaborate with the IUCN to…
Increased integration into the global economy of the economies that comprise the Association of Southeast Asian Nations (ASEAN) has made the region a more accessible market for trading goods than either the European Union or United States. This is one of the findings of the Global Enabling Trade Report 2016, published today by the World…
As the second largest city in Sri Lanka, Kandy is geographically located as a nodal point of major road networks in Sri Lanka. However, at present, the city is afflicted with increasing traffic congestion caused by unsystematic road networks in the city. Hence there is a great need for a comprehensive study to develop a…
On 22nd November 2016, consequent to regulatory approval, Asian Alliance General Insurance (AAGI) announced that it has changed the company name to Fairfirst Insurance Limited. This name change follows the recent 100% share acquisition of Asian Alliance General by Union Assurance General (UAG), which is a part of the Fairfax Group in Sri Lanka. Asian…
Reuters – Sri Lankan shares rose for a second straight session on Friday to close at a two-week high as investors sought bargains in large-cap shares after the benchmark index hit a near-eight-month low earlier in the week. The Colombo stock index gained 0.26 percent to 6,325.57, its highest close since Nov. 18. The bourse…
In light of the many challenges faced in the South Asian region in regards to migrant workers, the European Union Delegation to Nepal hosted a regional seminar on “Making Labour Migration Easy and Safe in South Asia” in Kathmandu, on December 2, with the support of DAI Europe and Centre for South Asian Studies (CSAS)….
Seylan Bank has appointed Anushka Wijesinha and Sandya Salgado to its Director Board as Independent Directors with effect from 1st December 2016. Anushka Wijesinha is an economist with a track record of research and advisory work across Asia. He has published many national and international publications, focusing on innovation, private sector development, and international economics….
The 2007 Nobel co-laureate received his award from HE Maithripala Sirisena recently at a ceremony held for the Sri Lanka National Energy Efficiency Awards 2007 Nobel Peace Prize co-laureate Professor Mohan Munasinghe was presented with the prestigious apex award for Outstanding Lifetime Contributions to Energy Policy by HE President Maithripala Sirisena, at the climax of…
DFCC Bank PLC recently announced that it has commenced the process of adopting Google’s cloud-based collaboration and communication suite, known as G Suite, to further enhance the Bank’s productivity and drive innovation. DFCC will be the first Bank to migrate onto Google Cloud with over 1,500 employees adopting G Suite which includes; Gmail, Google Hangouts,…
The Index of Industrial Production (IIP) is an important indicator of economic performance and its main purpose is to provide a measure of the short-term changes in the volume of industrial production over a given period of time. It can be used to identify the turning points in economic development at an early stage. Monthly…
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