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SAARC Chamber Women Entrepreneurs Council (SCWEC) launches ‘By the women, for the women, to the women’

Throughout the centuries, a plethora of cultural and social taboos have been associated with menstruating girls and women, as well as menstrual health. In many parts of the world, women are still not allowed to leave the confines of their homes while menstruating. While menstrual hygiene and menstruation related concerns are relevant to more than…

(0)Comments | February 19, 2018 5:01 pm

USD 75 Mn Assistance from ADB for SME Credit Project

The Government of Sri Lanka had obtained ADB Financial assistance of USD 100 million in 2016 to finance the Small and Medium-Sized Enterprises (SME) Line of Credit Project. The objective of the project was to strengthen the SME sector in Sri Lanka by facilitating access to finance and expand the employment opportunities in the sector….

(0)Comments | February 19, 2018 2:53 pm

John Keells Properties retains bullish streak on real estate with new residential development TRI-ZEN

Connecting the dots between peace of mind, life in the city and liveable space, John Keells Properties announced the launch of ‘TRI-ZEN’, a new residential property on Union Place. These smart living spaces in the heart of Colombo are for women and men on the go in the city; a stone’s throw from its many…

(0)Comments | February 19, 2018 11:55 am

New train engines from US for upcountry line

Sri Lanka plans to purchase 12 train engines at over USD 4 million each for the Sri Lanka Railways to us on the upcountry rail line. The train engines will be procured from the General Electric Company in the United States at a cost of USD 4.056 million each as per the recommendation of the…

(0)Comments | February 19, 2018 11:39 am

Further economic grants from US Millennium Challenge Corporation

Following its competitive selection by the US Millennium Challenge Corporation (MCC) for grant assistance, the Government of Sri Lanka (GoSL) is now focusing on improving transport infrastructure and land administration in the country, consistent with the government’s Vision 2025. Investing in these sectors will help create the foundation for economic growth with equity. After reviewing…

(0)Comments | February 19, 2018 11:16 am

FTA with S’pore makes SL digital hub

Sri Lanka’s IT industry has been one of the most remarkable success stories in the country’s economy, said Minister of Development Strategies and International Trade, Malik Samarawickrama. He was speaking at the IT-BPM Brand Launch at BMICH on Thursday to launch the official brand of the Sri Lankan IT-BPM sector – ‘Island of Ingenuity’. “The…

(0)Comments | February 19, 2018 11:09 am

Thailand to seek approval for FTA with Sri Lanka

Thailand says it is keen to sign a Free Trade Agreement (FTA) with Sri Lanka and will seek cabinet approval for the negotiations. Auramon Supthaweethum, Director-General of the Trade Negotiations Department in Thailand told the Bangkok Post that Deputy Prime Minister Somkid Jatusripitak plans to sign an FTA with Sri Lanka, as he expects the…

(0)Comments | February 19, 2018 11:07 am

Annual Report of Finance Commission handed over to President

The Annual Report for the year 2016 of the Finance Commission of Sri Lanka was handed over to President Maithripala Sirisena at the Presidential Secretariat, Thursday (15). The report of the Commission was presented to the President by the Chairman of the Finance Commission, Uditha H. Palihakkara. The Governor of the Central Bank,Dr. Indrajith Kumaraswamy and…

(0)Comments | February 16, 2018 12:06 pm

Sri Lankan stocks end higher on retail buying

Reuters – Sri Lankan shares recovered on Thursday, following two straight sessions of losses, on retail buying after the central bank held key policy rates steady amid signs political uncertainty was easing, dealers said. The central bank’s decision was widely expected, with policymakers emphasising the need to support an economy that has been beset by…

(0)Comments | February 16, 2018 11:43 am

Hayleys posts strong nine-month topline growth, turnover up 37% YoY to 112.3 Bn

Strong top line performances across the Hayleys Group and the addition of recent strategic acquisitions  resulted in a 37% YoY increase in turnover upto Rs. 112.3 billion during the nine months to 31st December 2017 while gross profits expanded by 29% YoY up to Rs. 24 billion. Increases in raw material prices and adverse weather…

(0)Comments | February 16, 2018 5:07 am