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Western Union and Sampath Bank Now Offer International Money Transfer Services Across Sri Lanka

Western Union, a leader in cross-border, cross-currency money movement and Sampath Bank, one of Sri Lanka’s leading private commercial banks, have joined forces to provide customers, nation-wide access to international money transfers in minutes[1] from more than 200 countries and territories. Sampath Bank’s 229 branches across the island now offer Western Union® Money Transfer, providing…

(0)Comments | October 17, 2018 2:52 pm

First global entrepreneur education meet in South Asia elevates Sri Lanka to prestigious UNESCO-APEID Chair

A pioneering Entrepreneurship Education (EE) series by UNESCO that successfully concluded in Colombo on 12 October has elevated Sri Lanka as the new Chair of prestigious UNESCO-APEID EE series, making it the first South Asian country to clinch this Chair. More importantly, a landmark international declaration –seen also as a historic first for Sri Lanka’s…

(0)Comments | October 17, 2018 2:40 pm

Most in-demand jobs that can get you permanent residency in Australia

Australia’s skilled migration program is designed to fill the skill gaps to meet the country’s economic needs. However,shortages in some skills continue to persist.   SBS – Australia has one of the biggest immigration programs in the world with 190,000 places kept every year for permanent migrants. A large part of the program- nearly 70…

(0)Comments | October 17, 2018 2:16 pm

Sri Lankan rupee ends weaker; stocks edge up from near 5-yr low

Reuters –  The Sri Lankan rupee ended 0.2 percent weaker on Tuesday as banks and importers bought the dollar while stocks ended a five-session losing streak, pulling away from previous session’s near five-year closing low. The rupee ended at 170.90/171.10 per dollar, compared with its previous close of 170.60/75. The rupee had fallen to an…

(0)Comments | October 17, 2018 6:03 am

NEC Discusses solutions to the Present Economic Challenges

Considering the challenges that Sri Lanka is currently faced with due to global uncertainty, the President instructs the Ministry of Finance to study the current imports and submit a report on goods of which the imports can be temporarily restricted. President made these remarks at the 20th session of the National Economic Council, which was…

(0)Comments | October 17, 2018 5:54 am

Pharmaceutical Industry withdraws 11 drugs from market

Importing them has become commercially unviable Notes with concern that biggest setback is for patients The Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) in a statement to media said that despite persistent appeals, the Government has failed to address the issue of a fair and proper pricing mechanism for pharmaceutical products in light of the…

(0)Comments | October 16, 2018 5:29 pm

Only 8% of budget promises are on track, says think tank

A private sector think-tank says that only 8% of the government’s budget promises are progressing in line with their targets and that the pace of progress is slow, at the end of the first six months of 2018. “Further, progress on 33% of proposals are categorised as either broken, neglected or undisclosed.” “This means that…

(0)Comments | October 16, 2018 5:16 pm

Retail Holdings’ selling out Singer another outflow of US $ 10 Mn from Capital Markets

Whilst Sri Lankan Billionaire Dhammika Perera controlled Hayleys PLC bought the remaining stake of Singer Sri Lanka taking full control of the local Singer franchise, perhaps for the first time ever in Singer’s history that local company bought the company’s global brand, block trade in Singer Sri Lanka amounting to 35,562,883 shares traded at Rs….

(0)Comments | October 16, 2018 4:58 pm

Colombo hosts e-commerce meet to boost lagging SAARC trade

To boost trade within the region, SAARC is working to go hi tech. “South Asia is emerging as the one of fast-growing regions in the world and is expected to play a dynamic role in shaping the ‘Asian Century’. However the share of trade taking place between South Asian countries is only 5 percent in…

(0)Comments | October 16, 2018 4:12 pm

Facebook’s #SheMeansBusiness ties up with Sri Lanka’s #Suhuruliya

To train rural women in digital skills Jaffna, Sri Lanka, October 12, 2018: Jaffna, in Sri Lanka’s picturesque north, today saw Facebook teaming up with the #Suhuruliya initiative to promote economic empowerment of women in Sri Lanka. As part of this partnership, Facebook’s globally renowned #SheMeansBusiness programme will partner with the #Suhuruliya programme to train…

(0)Comments | October 16, 2018 3:02 pm