The Cabinet had approved a proposal to open a Sri Lankan Consulate General Office in Madagascar, the Government Information Department said. The establishment of Consulate General office in Antananarivo, Madagascar is expected to benefit both the countries, specially the Sri Lankan migrant workers and the business community living in Madagascar. Hence, the Cabinet of Ministers had approved the resolution by the …
PMI for Services sector edged up compared to the previous month yet remained below the threshold level Manufacturing PMI bounced to 57.6 in November 2020 with an increase of 17.3 index points compared to October 2020, the Central Bank said yesterday (15). The significant increase in New Orders, particularly in the manufacture of textile & wearing…
1.5% of positive growth rate in third-quarter Sri Lanka’s GDP growth plunged by 16.3% in the second-quarter of 2020 amidst COVID-19 lockdowns, the Department of Census and Statistics (DCS) said. “The second quarter GDP estimates, has shown unprecedented fall in real GDP by 16.3 percent, with compared to the 1.1 percent of growth rate recorded in…
High-risk and vulnerable groups and healthcare workers first in line for successful vaccine Team Europe supports global initiative to fight global pandemic through €400 million European Investment Bank loan and €100 million grant to Gavi, the Vaccine Alliance EIB loan guaranteed by European Fund for Sustainable Development Fair and equitable access to a successful COVID-19…
The Group to drive growth in its core sectors In line with Hemas’ portfolio strategy of focusing on its core sectors – Consumer, Healthcare and Mobility, Hemas Holdings PLC (HHL) divested its’ shareholding in Serendib Hotel PLC to Eden Hotel Lanka PLC, a subsidiary of LOLC Holdings PLC for a total consideration of Rs. 791.7…
The Sri Lanka – Russia Business Council of the Ceylon Chamber of Commerce held its 17th Annual General Meeting virtually on 28th October 2020. Yuri Borisovich Materiy, the Ambassador of the Russian Federation in Sri Lanka and to the Maldives graced the occasion and address the online gathering as the patron of the Council. While…
The Cabinet of Ministers has granted approval to commence the construction work of the International Gem and Jewellery Trade Center, the Government Information Department said. ” It has been planned to construct the International Gem and Jewellery Trade Center in Demuwawatha, Ratnapura by investing the fund of National Gem and Jewellery Authority to enable sellers and buyers to avail…
The Cabinet has approved a proposal to remove the provincial letters at issuance of vehicle number plates, the state information office said. “Letters to identify provinces are added to the number plate when registering vehicles which is easy at the vehicular emission tests and annual revenue license issuance.” “However, both the customers as well as…
Delivers free access to online learning platform for school students, graduates and professionals Extensive library of over 8,000 courses are now available Links world-renowned universities such as Harvard and Cambridge offering free courses Extending higher education facilities designed to enhance employability and opportunity for Sri Lankan youth, philanthropists Dhammika Perera and Priscilla Perera launched DP…
A net outflow of foreign investment amounting to US$ 20 million was recorded in the rupee denominated government securities market in October 2020, increasing the cumulative net outflow to US$ 532 million during the period from January to October 2020, the Central Bank said yesterday (14). This net outflow in October 2020 was a result…
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