Commemorates World Milk Day with milk chilling centre in Seeppukulama Milk farmers in the North-Central village of Seeppukulama will benefit from a milk chilling centre upgraded by Nestlé, offering them increased opportunities to sell their milk to the company. Nestlé is currently the largest private sector collector of milk in the country. Its payment…
Sri Lankan Embassy in Ha Noi organized a Ceylon Cinnamon and Ceylon Tea promotional event with the support of Dilma Tea on 1st June at the official residence of Ambassador of Sri Lanka to Viet Nam, Hasanthi Urugodawatte Dissanayake.
Reuters – Sri Lankan shares on Monday ended at their lowest in near two weeks due to profit-booking in banking shares, but foreign inflows helped curb losses. The Colombo stock index ended 0.09 percent weaker at 6,663.15, its lowest close since May 30. Last week, the bourse dropped 0.3 percent, posting its third consecutive weekly…
Industry veterans join board as Independent Directors Leading logistics provider EFL announced the appointment of three new Independent Directors to its international board as part of its ongoing efforts to add international expertise to its management team. Ram Menen, Stephen Dearnley and Mike Sherman joined as Independent Directors to the board led by Founder and…
Reuters – The Sri Lankan rupee traded marginally higher on Monday as inward remittances outpaced dollar demand from importers, dealers said. Rupee forwards were active, with spot-next forwards trading at 152.80/85 per dollar at 0539 GMT, slightly firmer from Friday’s close of 152.85/90. “There are some inward remittances and not much of (importer) demand,” a…
Huawei, a leading global information and communications technology (ICT) solution provider, and KUKA, a globally leading automation company, signed a Memorandum of Understanding (MoU) recentlyto deepen their global partnership. Huawei and KUKA have cooperated so far in new technology innovation and in joint event marketing. Huawei 5G @ KUKA has aroused great public interests…
As a nation focused on development and in the midst of transitioning from a lower middle income country to an upper middle income country it is no surprise that Sri Lanka is facing a rise in demand for electricity. With ambitious goals and recent economic developments, Sri Lanka has been experiencing a 4% annual increase…
LSEG LiveOps, the specialised team within London Stock Exchange Group’s (LSEG) recently established Shared Service Centre (BSL, Sri Lanka) was recently awarded the ISO 20000 Certification in recognition of its IT Service Management Excellence. The LSEG LiveOps team are global experts in providing live operational support for business critical applications used in exchanges around…
Reuters – Sri Lankan shares closed slightly firmer on Friday, snapping four straight sessions of falls, on foreign investor buying in select stocks. Analysts said investors are waiting to see the real impact of the recent floods and landslides caused by the worst torrential rains in 14 years, killing over 200 people and devastating crops….
The Asian Development Bank (ADB) has agreed to provide USD 2 million for disaster relief efforts in Sri Lanka. An agreement in this regard was signed at the Ministry of Finance today (9th June) by Dr. R.H.S. Samarathunga, Secretary, Ministry of Finance and Mass Media and Tadateru Hayashi, Senior Country Economists / Officer-in-Charge of the…
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