As the Budget 2018 will be prepared on the Performance basis, all the proposals by the line ministries, provincial ministries and the heads of departments should clearly indicate the details of the output of such projects accompanied with the Key Performance Indicators (KPI), informs the Secretary to Treasury and Ministry of Finance and Mass Media…
The Colombo Stock Exchange (CSE) in association with the Colombo Stock Brokers Association (CSBA) recently launched a series of events presenting investment research on companies featured on the S&P SL 20 Index, to an exclusive audience of Local Institutional Investors. The first event of the series, featured presentations and discussions on John Keells Holdings PLC…
A whopping 40000 local arts and crafts are now networked with Sri Lanka’s apex market facilitator that promotes the country’s historic arts and crafts legacy. This facilitator brand has also returned to profits in 2016 -after four years of continued losses. “Laksala is gradually becoming a recognized Lankan brand among tourists visiting Sri Lanka. I…
NEW DELHI: An international study, testing on-road emissions of passenger cars in India, says a diesel SUV may be emitting 25 to 65 times more oxides of nitrogen (NOx) than a small petrol car. On-road emissions of diesel cars may also be far higher than their emissions under lab certification conditions, it adds. The study,…
Fitch Ratings has upgraded Sri Lanka Insurance Corporation Limited’s (SLIC) National Insurer Financial Strength (IFS) rating and National Long-Term Rating to ‘AA+(lka)’ from ‘AA(lka)’ and assigned a Stable Outlook The agency has also affirmed SLIC’s international IFS rating at ‘B+’ with a Stable Outlook. KEY RATING DRIVERS The one-notch upgrade of SLIC’s National Long-Term Rating…
The Central Bank of Sri Lanka has permitted licensed banks to grant concessions to their borrowers who have been affected by the recent floods, adverse weather conditions and connected circumstances with a view to facilitating the recommencement of their businesses and normalization of their activities. Accordingly, licensed banks can; • Grant a concessionary period of up to 3 months…
Reuters – Sri Lankan shares fell to a more than three-and-a-half month low and breached the psychological level of 6,500 points on Friday, dragged down by diversified and beverage shares. The market has ended lower in 10 out of the last 11 sessions through Friday, even as yields on short-term government securities fell over the…
Since April, 2017 the government has been working with various stakeholders to uplift the Adventure Tourism services in Sri Lanka by formulating new policies. As a result, they have come up with a new vision to uplift those services and ensure safety of those activities with an action plan that has already been given to…
Malaysia and Sri Lanka reiterated a keen desire to build on the outcomes of the recent highest level engagements and to achieve concrete progress on the decisions taken. This was discussed during a meeting State Minister of Foreign Affairs Vasantha Senanayake had with Malaysian Foreign Minister Dato’ Sri Anifah Haji Aman, on 7th August. Both…
Reaffirming its credentials as a preferred partner for international credit lines, DFCC Bank has been granted a long term loan of €20 million by Proparco, a subsidiary of Agence Française de Développement (AFD). This organisation is devoted to private sector financing, to finance renewable energy projects and improve access to credit for Small and Medium…
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