Sri Lankans living in Melbourne and Auckland caught a rallying call to be a part of Sri Lanka’s growth at Invest Sri Lanka forums recently organized by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC). The two events drew a combined participation of over 300 individuals and were…
Reuters – Sri Lankan shares fell to a more than one-year closing low on Monday in dull trade as investors sold shares of lenders after the central bank tightened monetary policy in the previous session, dealers said. On Friday, the central bank raised its benchmark interest rates by 25 basis points for the first time…
A high-level delegation from the European Investment Bank, the world’s largest international public bank, will make a three day official visit to Sri Lanka later this week at the start of a South Asia regional tour. Andrew McDowell, newly appointed Vice President of the European Investment Bank responsible for South Asia, will discuss recent engagement…
India International Textiles Expo-Colombo 2017 has been organized by PDEXCIL with the active support & guidance of Ministry of Textiles and under the MDA Scheme of Ministry of Commerce, Govt. of India. The Inaugural function was held at the venue, Galadari Hotel Colombo. The event was inaugurated by Mrs. Chandani Wijewardana, Secretary ministry of development…
New Zealand Foreign Minister Murray McCully has announced that New Zealand will open a High Commission in Colombo, Sri Lanka. “Establishing a High Commission in Colombo is a sign of New Zealand’s commitment to strengthening the relationship between our countries,” Mr McCully says. “Sri Lanka is rebuilding after a generation-long civil war, and we are…
The National Mobile Service Provider Mobitel takes a pioneering step forward in the transformational change of Colombo in to a Smart City with its state-of-the-art Smart Bus Halt situated at Town Hall, Colombo. This significant step, spearheaded by the Mobitel Innovation Center, showcases the ways in which touch of technology can propel the experience of…
Following the success of its inaugural Future Architects program, VirtusaPolaris recently inducted the second batch of potential architects in its core practice. As the breadth and depth of knowledge and skills required by a software architect keep expanding, VirtusaPolaris deems it necessary to spearhead this innovative program to help lead consultants prepare for the challenge…
India International Textiles Expo (IITExpo) – 2017 and Buyer Seller Meet organized by the Power loom Development and Export Promotion Council (PDEXCIL) India, will be held on 27th and 28th March at Hotel Galadari, Colombo. More than 30 Indian companies will be exhibiting/ showcasing the latest range of textile fabrics, industrial fabrics, specialty fabrics, made-ups…
The Hambantota harbor transaction would make a huge positive impact on the economy of Sri Lanka, said Central Bank of Sri Lanka (CBSL) Governor Dr. Indrajit Coomaraswamy during a media conference today (24 March). While speaking to the media, he further added, “This deal would improve our foreign reserves. If these funds do not flow…
The Central Bank of Sri Lanka’s (CBSL) Monetary Board decided to increase the policy interest rates today (24 March) not due to any pressures from the International Monetary Fund (IMF), said CBSL Governor Dr. Indrajit Coomaraswamy in response to a query by Ad Derana. “We focused on several factors like inflation, balance of payment etc….
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