Secretary to the Ministry of Foreign Employment G.S. Withanage and Dr. Götz Schmidt-Bremme, Ambassador for the 2017-2018 Global Forum on Migration and Development (GFMD) Co-Chairmanship of Germany on 27th June signed a Joint Declaration of Intent on principles of fair recruitment of personnel for training as geriatric nurses in Germany. The signing ceremony took place…
Reuters – Sri Lankan stocks ended slightly weaker on Monday, down from an 18-month high hit in the previous session, as investors sold blue chip shares such as John Keells Holdings Plc, brokers said. Analysts said concerns over a proposed tax bill weighed on overall investor sentiment. But foreign investors continued to snap up the…
Two Grant Agreements were signed on 30th June, 2017 for a value of 470 million Japanese yen (equivalent to approx. 640 million LKR) between Dr. R. Samaratunga, Secretary to Ministry of Finance and Mass Media and Fusato Tanaka, Chief Representative of JICA (Japan International Cooperation Agency) at the Ministry of Finance & Mass Media, following…
COLOMBO, July 3 (Xinhua) — The Sri Lankan Foreign Ministry on Monday said it hoped to promote the island’s popular “Ceylon Tea” in Africa with local tea companies participating in the annual South African International Trade Exhibition (SAITEX). The SAITEX is considered Africa’s largest international products sourcing exhibition held annually. The Foreign Ministry in a…
The Importance of Sri Lankan businesses aligning its growth plans with greener practices to help develop a ‘sustainable era,’ will be discussed intensely at the upcoming Sri Lanka Economic Summit 2017. The topic will be discussed at a thematic session titled, ‘Realizing a Greener Growth Path – Walking the Talk’, with the participation of thought…
“We welcome the decision by the US Department of Homeland Security to lift the electronic devices ban on flights between Abu Dhabi and the United States, following the successful validation of security measures at the US Preclearance facility at Abu Dhabi airport earlier today (2 July 2017). “Effective immediately, the removal of the restrictions allows…
The World Capital Centre (WCC) signed a US$ 2 billion investment agreement with the Board Of Investment (BOI) recently, for the much hyped and long awaited tallest building in the Asian region and the 9th tallest to be in the world. The World Capital Centre also known as WCC is a globally renowned chain with…
Commencing 01 July 2017, licensed banks in Sri Lanka will adopt minimum capital standards based on the Direction issued by the Central Bank of Sri Lanka in late 2016. This Direction is in line with the Basel III guidelines issued by the Bank for International Settlements (BIS) related to capital, leverage and liquidity in order…
Reuters – Sri Lankan stocks rose to an 18-month high on Friday led by blue-chips as foreign buying continued, brokers said. Analysts said concerns over a proposed tax bill weighed on overall investor sentiment. The Colombo stock index ended up 0.66 percent at 6,747.07, its highest close since Jan. 7. The bourse rose 0.47 percent…
International Fund for Agricultural Development (IFAD) and the Government of Sri Lanka signed Financial Agreement on 26th June for the implementation of the Smallholder Agribusiness Partnership (SAP) Program. This was designed to support the Public Private People Partnership (4Ps), focusing the smallholder farmers to develop the agribusiness value chain – which encompasses agricultural production, processing,…
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