Geocycle, a subsidiary of Holcim (Lanka) Ltd, a member of LafargeHolcim recently signed a vital memorandum of understanding with the Department of Local Government for the North Western Province (NWP) to dispose of all non-biodegradable waste in the area. The MoU which was entered into by Chief Minister North Western Province Hon. Dharmasiri Dassanayake, Commissioner,…
Colombo stock market swung between gains and losses on Friday to wrap the weekly operations on lower note as the government unveiled the much anticipated maiden budget for the fiscal year 2016. Benchmark index lost 2.74 index points or 0.04% to end at 7,017.44 while 20-scrip S&P SL index shed 7.14 index points (-0.19%) to…
A fund is to be set up for small and medium scale entrepreneurs without assets as guarantees for business loans to be provided with equity financing facilities, said Finance Minister Ravi Karunanayake while presenting the 2016 Budgetary proposals in Parliament a short while ago. He added that he proposes a trust together with banks, insurance…
A bi-lateral aviation agreement has been signed between Sri Lanka and Bulgaria. This bi-lateral agreement signed at higher authority levels would be implemented once an authorized agent signs it as well. The government has taken this step to strengthen Sri Lanka’s aviation services by entering into agreements with other countries to meet the rising tourism…
With a motive of establishing mutual cooperation to encourage and promote collaborations internationally, SLASSCOM recently signed a MOU with Japan Information Technology Services Industry Association (JISA), a trade organization of Japanese IT services Industry. The MOU was signed at an event held on the 19th of November at World Trade Centre (WTC) in the presence…
Colombo bourse continued the winning streak for the third consecutive day on Thursday ahead of the new government’s maiden general budget. All share index advanced by 0.55% (38.21 index points) to close at 7,020.18, despite the thin market activity. S&P SL20 index gained 16.59 index points or 0.44% to end at 3,781.25. Today’s gains were…
Integrated infrastructure and engineering solutions provider MTD Walkers PLC announces that it has secured the leasehold rights of Mutwal Harbour and is proud to launch Walkers Colombo Shipyard (Pvt) Ltd. “This goes in line with the diversification strategy we started two years ago and helps us augment the key services we have to offer. Our…
First ever Research Awards of USJP was held at Hotel Golden Rose, Boralesgamuwa on 18th November 2015. The awards were given away for the research work carried out in the year 2014.Vice Chancellor, Prof.Sampath Amaratunge graced the occasion as chief guest. The colourful night of the Sri Jayewardenepura researchers was undeniably a memorable one, not…
As the year-end festival season drew nearer, Sri Lanka’s Consumer Affairs Authority has brought in a new set of Maximum Retail Prices (MRP) for six new essential consumer items on 18 November-and these new prices are to take effect as early as this Friday 20 November. “The new maximum prices are introduced to safeguard consumers…
Colombo equities continued the optimistic momentum to close with positive returns on Wednesday amid the drop in treasury yields for the fifth consecutive week. Benchmark index declined to 6,975 mark during the session but managed to closed higher at 6,981.97, up by 4.02 index points (+0.06%) while 20-scrip S&P SL index witnessed marginal increase of…
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