Fairway Waste Management (Pvt) Ltd and the Waste Management Authority of the Western Provincial Council recently signed a Concession Agreement to form a Public-Private Partnership that would create a sustainable model for Municipal Solid Waste (MSW) processing at Karadiyana in the Western Province. A subsidiary of Sri Lanka’s leading conglomerate – Fairway Holdings (Pvt) Ltd,…
The manufacturing tax eligible to be paid based on the price, insurance and vehicle tax during the purchase of an imported or locally assembled vehicle by a state employee, through a permit issued under the Trade and Investments Policy circular No. 01/2016 or according to any amendments to this circular, has been reduced. Accordingly, under…
Reuters – Oil prices dipped on Monday, weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies despite an OPEC-led initiative to cut production to tighten the market. Signs of faltering demand have also prompted weakening sentiment, dropping prices to levels comparable to when the output cuts were…
Qatar Ambassador Rashid Shafea Al-Marri met Foreign Minister Ravi Karunanayaka recently to discuss matters related to the existing excellent bilateral relations between the state of Qatar and Sri Lanka.
The economic growth rate for the first quarter of 2017 has been estimated as 3.8 percent, Department of Census and Statistics (DCS) said. The Gross Domestic Product (GDP) at constant (2010) prices for the first quarter of 2017 recorded as Rs. 2,161,770 million, and GDP reported for first quarter of 2016 was Rs. 2,082,544 million….
The Index of Industrial Production (IIP) has increased by 1.8% in April, 2017 compared to the same month of 2016, Director General of DCS, Dr. A.J. Satharasinghe said. Among the manufacturing industries;Volume of products of ‘Furniture’ (27.8%), ‘Other non-metallic mineral products’ (10.4%) and‘Fabricated Metal Product’(10.2%)have shown remarkable increases in April, 2017 compared to that of…
Reuters – Sri Lankan shares rose on Thursday to hit a near three-week closing high as heavyweights John Keells Holdings Plc and Commercial Bank of Ceylon Plc gained. The Colombo stock index ended 0.4 percent higher at 6,694.64, its highest close since May 26. “We see encouraging signs with increased foreign participation,” said Hussain Gani,…
Contrary to inaccurate reports in the press, the management of SriLankan Airlines would like to point out that since the Unity government was formed, the airline’s losses have been dramatically reduced. The table below clearly shows this: LKR 91.8 Billion in losses between 2011 & 2015 reduced to a fraction of this colossal number by…
Reuters – Sri Lankan shares on Wednesday bounced from their five-week closing low hit in the previous session, led by gains in conglomerate John Keells Holdings Plc and with foreign investors buying into the island nation’s risky assets. The Colombo stock index ended 0.32 percent firmer at 6,669.73, edging up from its lowest close since…
Minister of Labour, Trade Union Relations and Sabaragamu Development W.D.J. Seneviratne said that ‘Sri Lanka will make every endeavor to be an active partner of the ILO in achieving the anticipated goals of the green initiative”. The Minister encouraged the ILO to provide a platform for effective global dialogue, to facilitate technology transfer from developed…
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