The Speaker announced in the Parliament today (04) that MP Dr. Harsha De Silva has been nominated to serve in the Committee on Public Enterprises (COPE) by the Committee of Selection. MP Dr. Harsha De Silva has been nominated to fill the vacancy occurred due to the fact that the MP Ranjan Ramanayake has ceased…
BBC – Bill and Melinda Gates have announced their divorce after 27 years of marriage, saying “we no longer believe we can grow together as a couple”. “After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage,” the pair tweeted. They first…
Prime Lands Residencies Limited the condominium property arm of the maestro of real estate artistry in Sri Lanka, Prime Group, recently debuted its Initial Public Offering (IPO) Proposition. Through the past 25 years of the Prime Group journey, this feat is certainly a remarkable milestone for both the company and the real estate industry of…
Mohammed Mishfak, 36, works as a sales professional for a private company in Dubai Dubai: A Sri Lankan expat is the latest Big Ticket millionaire. Mohammed Mishfak, 36, working as a sales professional for a private company in Dubai won the mega jackpot taking home Dh12 million. Speaking to Gulf News from Sri Lanka where…
The COVID-19 crisis has hit workers across the world, particularly women, who are over-represented in low-paid precarious sectors (Thomson Reuters Foundation) – One in two people worldwide saw their earnings drop due to the coronavirus, with people in low-income countries particularly hard hit by job losses or cuts to their working hours, research showed on…
Business Sentiment – The Unique Index Gains Ground Sri Lanka’s economy is expected to expand by 3.4 percent this year, according to the World Bank. In its report entitled ‘Sri Lanka Development Update,’ the funding agency says the country’s recovery is likely to hinge on foreign investments, as well as the normalisation of tourism and…
Net Interest Income – Rs. 2,234 Mn, up by 17% Net Fee and Commission Income – Rs. 466 Mn, up by 28% Other Operating Income – Rs. 179 Mn, up by 141% Operating Profits up by 47% to post Rs. 1,197 Mn owing to overall excellent core banking performance and success of cost containment strategies…
Ensuring sustainable food security is a vital element of Sri Lanka’s agriculture sector and the country’s economy at large. The COVID-19 pandemic has highlighted the importance of a robust and resilient food system that can function in all circumstances and can ensure access to a sufficient supply of affordable food for all. The current pandemic…
The Embassy of Sri Lanka in Tel Aviv organized a webinar on “Grow Beyond Traditional Markets” on 28 April 2021 in collaboration with the National Chamber of Exporters (NCE) of Sri Lanka, the Federation of Israeli Chamber of Commerce (FICC) and the Israel – Sri Lanka Chamber of Commerce. The aim of the webinar was…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) decreased to 3.9 per cent in April 2021 from 4.1 per cent in March 2021. This was driven by monthly decreases of prices of items in the Food category. Meanwhile, Food inflation (Y-o-Y) decreased to 9.0 per cent…
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