The Pathfinder Foundation in its blueprint on economic reform, ‘Charting the Way Forward: Prosperity for All’, highlighted the following paragraph: Sri Lanka needs to follow good practice which is being pursued by an increasing number of countries around the world. All hand-outs, subsidies and other welfare measures included in the manifestos should be costed and…
The Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) with the Maldives Stock Exchange (MSE) in order to help foster prosperity of the respective financial markets, promote cross border investment, cross border listing and explore other opportunities for cooperation between the two Exchanges. The Exchanges anticipate developing a closer working relationship in the…
The Cabinet also approved a proposal by Minister of Ports and Shipping Arjuna Ranatunga to call for expression of interests and issue Request for Proposals from interested parties to maintain operations of the multipurpose berth of the Phase 01 of the Hambantota port as a joint venture with a Ro-Ro vessel/terminal operator and to appoint…
The Cabinet approved a joint proposal by Ministers of Internal Transport R.M. Ranjith Madduma Bandara and Power and Energy Patali Champika Ranawaka to grant policy priority to electrify the Colombo urban railway service, starting with urban railways, to match contemporary global standards. As an initial step towards this, a steering committee is to be formed…
Around 25,000 government servants go on retirement annually. A system of paying their retirement bonus allowances expeditiously by the State Banks has been introduced. This task is being carried out productively and efficiently at present. The Cabinet approved a proposal by Finance Minister Ravi Karunanayake to empower the Treasury to increase the amount of revolving…
The sale and transfer of the land and premises bearing No. 37, Horton Place, Colombo 07, owned by Asiri Central Hospitals Limited, a subsidiary of Asiri Hospital Holdings PLC was completed today (09 July) for a total consideration of Rs. 2,700,000,000.
Colombo shares recovered some lost ground on Thursday ending the three day losing streak. The main bourse advanced by 23.26 index points or -0.34% to end at 6,947.05 while S&P SL 20 index gained 20.34 points (+0.53%) to end at 3,870.71. Blue chips gave the market momentum as heavy weight counters like John Keells Holdings…
Indians are getting richer – and fast. Faster, that is, than several other countries in the world. Most studies published of late point in the same direction – one that suggests that the number of new wealthy households in the country is growing faster than anywhere else in the world on the back of a…
Though the population of Seychelles is as few as 90,000 since the tourist arrivals to the archipelago exceeds that of its population, Sri Lanka could benefit more by trade with this country, says a senior Seychelles government official. Chief Executive Officer of the Seychelles Small Enterprise Promotion Agency Penny C. Belmont stated this in Colombo….
Emirates, a global connector of people, places and economies, has announced its second daily service from Dubai International Airport (DXB) to Seattle–Tacoma International Airport (SEA). The new service, EK227, which began on 7th July and is operated by a Boeing 777-200LR, will depart Dubai at 3:15 a.m. and arrives in Seattle at 6:55 a.m. The…
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