The Northern Province Investor Forum will be held at the Jaffna Government Agents office on August 22 with the objective of uplifting the lives of people which were affected by the war and support them in income generation, development of livelihoods and creating job opportunities. The forum is held during the period of Nallur festival,…
Fitch Ratings Singapore/ Colombo 18 August 2016: This announcement replaces the version published on 22 June 2016 to correct the Support Rating of DFCC Bank PLC to ‘5’ instead of ‘4’ and the rating action on the Support Rating to “downgrade” instead of “affirmed”. Fitch Ratings has downgraded National Development Bank PLC’s (NDB) National LongTerm…
Reuters – Aug 18 Sri Lankan shares posted a three-month closing high on Thursday, led by gains in blue chips such as John Keells Holdings Plc and Ceylon Tobacco Company Plc, while foreign investor buying also boosted sentiment. The benchmark Colombo stock index ended 0.23 percent, or 15.30 points, firmer at 6,593.25, its highest close…
Amãna Bank has taken the initiative to encourage and reward the academic achievements of its Children’s Savings account holders who are sitting the forthcoming Grade 5 Scholarship Examinations. Account holders who score above the cut-off mark will be rewarded with Rs.5,000/- while an additional Rs.10,000/- would be rewarded to the account holders who secure the…
A group of micro scale businessmen in the Udappuwa area of the Puttalam district was given loans by the Hatton National Bank, recently to expand their businesses under the Citi – CCC Rural Economic Empowerment Program. Accordingly, 31 entrepreneurs, who were earlier trained by the Citi – CCC Rural Economic Empowerment Program on how to…
Deputy Minister of Foreign Affairs Dr. Harsha de Silva requested the U.S. government to urge American businesses to invest in Sri Lanka. This was emphasized at several bilateral discussions he held with U.S. officials in Washington on Tuesday, August 16th. The Deputy Minister was on a brief visit to the U.S. to continue Sri Lanka’s…
Amana Takaful Life Limited (ATLL), a fully-owned subsidiary of Amana Takaful PLC, rang the opening bell to commence trading and celebrate the listing of its shares on the Diri Savi Board of the Colombo Stock Exchange (CSE) today. The ceremony was attended by Directors of ATLL Dato’ Mohd Fadzli Yusof, Mr. Fazal Ghaffoor, Mr. M.H.M….
The 23rd Annual General Meeting of the Sri Lanka – Benelux Business Council was held on 11th August 2016 at The Ceylon Chamber of Commerce. The Council, which focuses on the objectives of ‘promoting investment, trade and joint venture between Sri Lanka and Benelux’, is one of the twenty One bilateral business councils that functions…
Construction work on the ‘Hyatt Regency’ Hotel at Hambantota is to be halted and the funds channeled to the construction of the ‘Grand Hyatt Colombo’. A proposal put forward by State Enterprises Development Minister Kabir Hashim to implement this has received Cabinet approval. Construction work on the Grand Hyatt Colombo began in 2012 with the…
During his visit to Huawei Headquarters, the prime minister of Sri Lanka witnessed the signing of a MoU on ICT cooperation between the Sri Lankan Ministry of Telecommunication and Digital Infrastructure and Huawei During his visit to Huawei’s headquarters in Shenzhen, Hon. Ranil Wickremesinghe, prime minister of Sri Lanka and the ambassador of Chinese Embassy…
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