A staff team from the International Monetary Fund (IMF) led by Todd Schneider visited Colombo during March 31- April 11 to hold the 2016 Article IV consultation discussions and to discuss the authorities’ request for a Fund supported arrangement. The mission made significant progress toward a staff level agreement with the government on an economic…
After a 13-year long hiatus, Sri Lanka’s state controlled wholesale giant CWE has actively re-entered the domestic FMCG market on 10 April. The Cooperative Wholesale Establishment (CWE), the 1949 born Sri Lanka’s oldest state owned corporation to be active even today after 67 years, unveiled its new Northern wholesale hub in Vavuniya on 10 April….
Hon. Ranil Wickremesinghe met and talked with Huawei Vice President Yao Weimin in Beijing. Hon. Ranil Wickremesinghe said, “ICT and digitalization is the first priority of government economic development plan. We know Huawei is a leading global ICT company, we are happy to have Huawei helping build ICT capacity in Sri Lanka, and we encourage…
Janashakthi Insurance PLC announced the appointment of Mr. Husein Esufally, a leading business personality in Sri Lanka as the new Chairman of its Board, following the retirement of its incumbent Chairman and Director, Mr. W. T. Ellawala. Mr. Esufally, prior to the appointment, held the position of Deputy Chairman of the Board of Janashakthi Insurance…
For the sixth year running, Singapore Committee for UN Women and MasterCard announce the launch of Project Inspire: 5 Minutes to Change the World. With over 2,100 ideas submitted from 109 countries around the world, Project Inspire is now a multi-award winning initiative and one of the most high profile CSR programs in the Asia…
For the sixth year running, Singapore Committee for UN Women and MasterCard announce the launch of Project Inspire: 5 Minutes to Change the World. With over 2,100 ideas submitted from 109 countries around the world, Project Inspire is now a multi-award winning initiative and one of the most high profile CSR programs in the Asia…
Reuters – Sri Lankan shares gained for a third session on Thursday hovering at their highest in six weeks as retail investors bought beaten-down stocks, but concerns over economic woes capped gains, brokers said. The benchmark share index was up 0.89 percent at 6,219.66 at 0809 GMT, its highest since Feb. 25. “It has been…
Sri Lanka’s close proximity to the East – West Trading routes and the easy access to the regional markets in Asia are considered as top factors by investors looking to Invest in Sri Lanka, finds a survey conducted by the Economic Intelligence Unit of the Ceylon Chamber of Commerce. The survey, conducted among the prospective…
Colombo International Container Terminals Ltd. (CICT) the first and only deep water terminal in the Port of Colombo, has made another major breakthrough by attracting a new shipping line Interasia Lines Ltd. (IAL) to call at the Port of Colombo on a weekly schedule. This new shipping line is based in Taiwan and specialises in…
The transport plans related to the mega-polis development project would be implemented in four phases, said senior lecturer at the Moratuwa University, Dr. Dimantha de Silva during an interview with Ada Derana Biz 24X7.
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