Finance Minister Jaitley inaugurates the new EIB Regional Representation for South Asia in New Delhi, following agreements for EUR 450m of new support for sustainable transport and renewable energy projects The European Investment Bank’s first permanent office in India was formally opened earlier today, by Arun Jaitley, Finance Minister of the Republic of India, Werner…
A Supplementary Loan Agreement was signed Thursday (30) in Kuwait between the Democratic Socialist Republic of Sri Lanka and Kuwait Fund for Arab Economic Development (the Fund) whereby the Fund will make a Loan of Kuwaiti Dinars five million (K.D.) 5,500,000/- (equivalent to about U.S.$ 17 million) to assist in financing the additional costs of…
Reuters – Sri Lankan shares rose for a third straight session on Thursday, closing at their highest in more than one week, helped by foreign investor buying and quarter-end window dressing, stockbrokers said. The Colombo stock index closed 0.31 percent firmer at 6,040.18, its highest close since March 21. On Monday, it had closed at…
The Supreme Court on Wednesday banned the sale and registration of Bharat Stage (BS)-III emission norm-compliant vehicles from April 1, saying the health of millions was more important than commercial interests. The decision could deal a Rs 12,000-crore blow to auto manufactures as about 820,000 vehicles, most of them two-wheelers, are lying unsold. India will…
UAE Exchange, a leading global remittance, foreign exchange and payment solutions brand, has partnered with eZ Cash, Sri Lanka’s largest and pioneering mobile payment network managed by Dialog Axiata, for instant mobile wallet credit. With this service, Sri Lankan expatriates residing in the UAE can now transfer funds instantly to their beneficiary’s mobile wallet in…
Reuters – Sri Lankan shares rose for a second straight session on Wednesday, posting their highest close in nearly one week, helped by foreign investor buying and quarter-end window dressing, stockbrokers said. The Colombo stock index closed 0.61 percent firmer at 6,021.54, its highest close since March 21. It had closed at its lowest since…
Dentsu Aegis Network has announced its acquisition of Grant Group, Sri Lanka’s largest independent agency. The takeover marks Dentsu’s first entrance into the maket. Grant Group was set up in 1958 by Deshabandu Reggie Candappa, an industry pioneer in Sri Lanka. It became Sri Lanka’s first international advertising agency, and now has 150 staff across…
Abu Dhabi, UNITED ARAB EMIRATES: Etihad Airways is reassuring passengers of its highest level of service to minimise disruption following the introduction of a new US travel directive on electronic devices. Effective March 25, passengers on all US-bound flights from, or transiting through, Abu Dhabi International Airport will not be permitted to carry electronic…
Perceived Economic Opportunity PEO: January, 2017 Expectation On Ability To Save Decreses Despite The Upward Trend Of Expectation For Reduction Of Corruption With The Establishment Of A Special Presidential Commission To Investigate The Central Bank Bond Issue This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey…
Bloomberg – European Union regulators dealt a final blow to Deutsche Boerse AG’s planned takeover of London Stock Exchange Group Plc, a symbolic block on EU-U.K. integration on the same day Britain formally serves notice of its decision to quit the EU. The $14 billion deal to create Europe’s biggest exchange would have harmed competition…
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