A pioneering private sector investment to support the Sri Lankan dairy industry Fonterra’s first Sri Lankan demonstration and training farm was Wednesday (24) officially opened by New Zealand Prime Minister John Key, Minister of Sustainable Development & Wildlife and MP for the Kurunegala District Gamini Jayawickrama Perera, and Fonterra Chairman John Wilson. The opening was…
Dialog Axiata PLC has entered into a joint venture with Asiri Hospital Holdings PLC to establish to introduce electronic commercial services in the health sector. This agreement is between Digital Holdings Lanka (Private) Limited, a wholly owned subsidiary of Dialog and Asiri Hospital Holdings PLC. While 70 per cent ownership of this new venture would…
Dr. Trevor Mendis, Senior Management Consultant at the Postgraduate Institute of Management (PIM), was awarded the “Global Green Future Leadership Award” for the year 2016 by the World CSR Congress at their annual convention. This is his second International award. The event held on 18th February 2016 at the Taj Lands End Hotel in Mumbai,…
Commercial Bank of Ceylon PLC has recorded profit before tax of Rs 17.144 billion for the 12 months ended December 31, 2015, a year in which it strengthened its positions in Sri Lanka and Bangladesh and accelerated its transition to becoming Sri Lanka’s first private international bank. A carefully managed performance saw Sri Lanka’s largest…
The upcoming ‘Sri Lanka Investment and Business Conclave,’ has attracted 100 plus overseas investors with the largest group expected to come from Kuwait, numbering to over 20 investors. The three day conclave will see investors from countries such as Australia, Bangladesh, Bahrain, China, Canada, Egypt, Germany, Georgia, Kuwait, Maldives, Pakistan, South Korea, Singapore, Switzerland, Vietnam…
In post-sanctions Iran’s ground-breaking first bilateral with Sri Lanka, the country has called for unprecedented level of engagement with Sri Lanka in multiple spheres-and stressed that business sectors of both sides shall lead the way. Meanwhile, Sri Lanka readily rallied its call for re-visiting the understanding on the prospective Preferential Trade Agreement between both countries…
Epic Lanka Pvt Ltd today announced that Visa International, Master Card and American Express Global cards associations have certified and chosen its “Access Control Server Solution”. This world class product has now been certified by these three leading card associations for secure payment processing. Complying with 3D security for internet-based payment transactions, this is the…
Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics, decreased to -0.7 per cent in January 2016 from 4.2 per cent in December 2015, on year-on-year basis mainly due to the higher base of the corresponding period in 2015. Annual…
Asian Development Bank (ADB) President Takehiko Nakao today met with Sri Lanka’s President Maithripala Sirisena, Prime Minister Ranil Wickremesinghe, and Finance Minister Ravi Karunanayake, and reaffirmed ADB’s strong commitment to support Sri Lanka’s continued development. Mr. Nakao shared with the government ADB’s plans to scale up its operations in Sri Lanka. Together with the government,…
The Asian Development Bank (ADB) will provide $100 million through innovative bank auctions to help channel more funds to smaller Sri Lankan firms that struggle to access the finance they need to grow. The ADB funds will be lent to banks who will then lend the funds to small- and medium-sized enterprises (SMEs). To access…
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