Reuters – Sri Lankan shares rose more than one percent to end at a six-month high on Wednesday as foreign investors increased the pace of stock purchases, with the net single-day inflow hitting its highest in nearly three years. Foreign investors net bought shares worth 4.32 billion rupees ($28.42 million), led by buying in top…
MOU signed between SDB and NEDA to uplift the Micro, small and medium enterprises in Sri Lanka SDB bank (SANASA Development Bank PLC), a pioneering financial institution founded on supporting the grassroots levels of Sri Lanka recently signed a memorandum of understanding (MOU) with the National Enterprise Development Authority (NEDA) to further extend its…
The 6th Global Economic Summit on ‘Women’s Empowerment: Entrepreneurship, Innovation and Capacity Building’ was held from 27th – 29th March at World Trade Centre, Mumbai, with the aim to provide a forum for women from diverse streams to share their views and experiences towards social and economic empowerment and independence. A delegation from the Sri…
SINGAPORE Technologies (ST) Electronics has won a contract with a Sri Lankan government agency to provide consultancy services for the country’s first National Cyber Security Operations Centre. The Information and Communication Technology Agency of Sri Lanka contract won by ST Electronics requires it to design and implement a strategy for the centre. It will also…
Following 13 days of operational disruption at its berth, team SAGT made a ground breaking deal that brought a mutually satisfactory end to the stand-off. The disruption caused the diversion of several vessels to the two other terminals in the port. Commenting on the resolution, CEO Erwin Haaze said “we deeply regret the disruption to…
WASHINGTON – Possible protectionism in advanced economies should not deter export-oriented growth in South Asia, a region that could even benefit from the backlash against globalization, a new World Bank report said. The report also confirms that South Asia remains the fastest-growing region in the world, gradually widening its lead relative to East Asia. Regional…
Reuters – Sri Lankan shares rose on Tuesday as foreign investors bought blue chips, with the market seeing overseas fund inflows for 18 consecutive sessions. Foreign investors net bought shares worth 172.8 million rupees on Tuesday. They have bought equities worth a net 5.4 billion rupees ($35.57 million) in 18 straight sessions, taking the year-to-date…
Colombo’s architectural marvel Altair has announced that its 400 apartments will have floors finished in Italian Botticino marble, following a decision by the developer to upgrade from marble sourced from Central Asia or the Middle East, as originally proposed. The upgrade at the developer’s own volition, represents a significant value addition at no extra…
New Delhi: In its largest export order for any public transporter, Indian Railways are going to supply modern locomotives and train sets to Sri Lanka worth six hundred and eighty crore rupees. Rail India Technical and Economic Service (RITES), a railway PSU, has secured its largest export order from Sri Lanka Railways for the supply…
SYDNEY (Reuters) – Australia will abolish a temporary work visa popular with foreigners and replace it with a new programme requiring better English-language and job skills, Prime Minister Malcolm Turnbull said on Tuesday. Turnbull, struggling with poor voter approval ratings, rejected suggestions the visa policy change was in response to far-right wing political parties, such…
Video Story
