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…
Reuters – Sri Lankan shares jumped more than 1 percent on Thursday as investors sought bargains in blue-chips and on buying by foreign investors. The Colombo stock index ended up 1.09 percent at 6,309.04, its highest close since Nov. 18. The index hit a near-eight-month low on Tuesday on concerns that the proposed hike in…
The Steuart by Citrus welcomed the Dollar Academy Band from Scotland for the second consecutive year. The recent performance of the band of young pipers and drummers illuminated the pleasures of Scotland as the band performed signature Scottish tunes, giving the audience a unique chance to experience the true essence of Scotland, right here in…
Xinhua – Chinese tourist arrivals to Sri Lanka are projected to grow by a further 10.2 percent in the coming six months, an official said here on Tuesday. Jameson Wong, Director Business Development for the Asia-Pacific region at ForwardKeys, a travel data company, told the Asia Hotel and Tourism Investment Conference held here that the…
Reuters – Sri Lankan fuel retailer Lanka IOC put up prices for its premium brands on Thursday, three months after the government increased the duty on oil products, and said it will have to raise other petrol prices if the government fails to hike official prices. The move by Lanka IOC Plc, one of two…
Moody’s Investors Service has maintained its stable outlook on Sri Lanka’s banking system, as moderate economic growth and reduced external volatility should keep operating conditions for the country’s banks stable. “Continued strong loan growth may put downward pressure on asset quality and liquidity conditions, but nonperforming loan (NPL) ratios will remain at low levels,” says…
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