The Central Bank of Sri Lanka will commence operations at its Regional Office in Nuwara Eliya on 17 January 2016 to further expand its regional presence to promote financial inclusion and to facilitate economic activities in the region. The Nuwara Eliya Regional Office is to be declared open by Mr. Arjuna Mahendran, the Governor of…
The Asian Development Bank (ADB) and LOLC Finance, one of Sri Lanka’s leading non-bank financing institutions, have signed an agreement for a loan totaling $69 million to help expand funding support to micro- small- and medium-sized enterprises (MSMEs), which play a key role in the economy. LOLC Finance, will get $69 million, consisting of an…
In the successful conclusion of the recent visit of Pakistani Prime Minister Nawaz Shariff to Colombo just last week, Pakistan, Sri Lanka’s second largest trade partner in SAARC, unveiled its largest ever Single Country Expo which commenced in South Asia in Colombo on 15 January. Pakistani Minister of Commerce, Khurram Dastgir Khan addressing the inaugural…
Colombo bourse continued its roll down the hill on Thursday (14) as it plunged to 6,446.20, down by -108.17 index points or -1.65%, proving yesterday’s increase was merely a dead cat bounce. S&P SL20 lost -65.44 index points to close at 3,340.13, a drop of -1.92%. Today’s loss caused the All share Index to lose…
Honourable Deputy Minister Wickramaratne, Mr Shirendra Lawrence, Chairman of the Council for Business with Britain; Ladies and Gentlemen. It is an honour to address such a distinguished audience and I thank you for your warm welcome. I am delighted to be back in Sri Lanka. And I want to take this opportunity to share my…
JLL Releases Report On Sri Lanka’s Hospitality Industry Leading International property consultancy JLL released an incisive report investigating Sri Lanka’s rapidly evolving hospitality industry. The report provides insights into the robust growth of the tourism sector in Sri Lanka, which Forbes magazine ranked among the world’s Top 10 ‘Coolest Countries’ to be visited in 2015….
Brings Even More Economical Personal Mobility Options To Sri Lankans Uber, Sri Lanka’s fastest growing on-demand personality mobility app, today announced the launch of uberGO in Colombo. uberGO which introduces smaller hatchback vehicles brings the same high standard of reliability, convenience and safety Sri Lankans have come to rely on through Uber at the most…
Australia is the second home to over 100,000 Sri Lankans who had benefitted tremendously on almost every measure of excellence, from health to wealth, from success in business to educational attainment, says Sri Lanka’s leading Australian Immigration Law Specialist – Don Susantha Katugampola of Australia Gateway. “Out of these 100,000 Sri Lankans majority live in…
The foreign exchange value of the Rupee as against the US Dollar, Japanese Yen, Sterling Pound etc are rising speedily now and this is likely to push up the prices of imported vehicles by around Rs. 500,000 to 600,000 each said Sri Lanka Motor Vehicle Importers’ Association chairman Mahinda Sarathchandra. Hence, the association requests future…
The Minister for Asia, Hugo Swire, will visit Colombo, Jaffna and Galle in his third official visit to Sri Lanka. The visit is the latest in a series of high level engagements between the governments of the United Kingdom and Sri Lanka over the last year. Relations between the two countries have been reinvigorated since…
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