President Ranil Wickremesinghe instructed the officials to take immediate steps to develop the Ella tourist area according to a grand comprehensive plan. The President also informed the officials to prepare the relevant development plan within 4 months together with the Ministry of Tourism, the Ministry of Urban Development and the Ministry of Environment and submit…
Dec 16 (Reuters) – India’s rupee trade settlement mechanism, a means of using rupees instead of dollars and other big currencies for international transactions, is attracting interest from more countries. Tajikistan, Cuba, Luxembourg and Sudan have begun talking to India about using the mechanism, according to two sources and an official document reviewed by Reuters….
As a result of an incident that happened yesterday (15), well-known businessman Mr. Dinesh Schaffter passed away. This is a brief note about Mr. Dinesh Schaffter‘s business career. Dinesh Schaffter served as the Managing Director of First Capital Holdings PLC and its subsidiaries. He has a background in finance, and substantial expertise of over 25…
Sanskrit may have been the tool of communication among elite at the time of the Buddha. Some linguists indicate that “Pali”, a simplified version of Sanskrit evolved during the life of Buddha for non violent communication to educate the masses. As per literature, Buddha’s first sermon was delivered at “Isipathana” (Migadaya, an area where Deer…
The Rotary International President Jennifer Jones and the UNICEF Representative for Sri Lanka, Christian Skoog, handed over LKR 47 million worth of medicines under the Lifeline project, to the Minister of Health, Keheliya Rambukwella, to help the delivery of health services at a time the country is facing shortages due to the economic crisis. The…
The Department of Census and Statistics (DCS) Sri Lanka, has released the estimated Gross Domestic Product (GDP) at current price and at constant (2015) price in Production approach and the other macroeconomic indicators for the third quarter (July 01st to September 30th) of 2022. The Gross Domestic Product for Sri Lanka for the third quarter…
ANI/PNN: Nepalese Forbes listed billionaire Binod Chaudhary announced the massive acquisition of majority shares in UBC (United Bank of Colombo), Srilanka. Chairman of CG Corp Global, the group makes its maiden foray into the financial services industry in Sri Lanka. The acquisition of 70.84 per cent shares in UBC is via CG Capital Partners, a…
Sri Lanka’s largest textile manufacturer, Hayleys Fabric, hosted its inaugural Sustainability Forum ‘Nature’, showcasing a new generation of home-grown innovations with the potential to enable greater circularity in fashion globally. Drawing together an array of distinguished industry stakeholders, the event served as a platform for Hayleys Fabric to demonstrate the versatile form and function of…
Sri Lanka’s undisputed leader in project logistics and heavy cargo transportation, Advantis Projects, a subsidiary of Hayleys Advantis Limited, is swiftly moving ahead with the delivery of two of the largest Tunnel Boring Machines (TBM) ever to be deployed in the island. This operation will help expedite the progress of one of the nation’s most…
Reiterating its commitment to excellence, LAUGFS Rubber, Sri Lanka’s leading exporter of industrial tyres and rubber products, was recently bestowed as the ‘Most Outstanding Exporter – Overall’ at the 30th NCE Annual Exports Awards 2022. Through its pioneering efforts, the company was able to continue its winning streak, by also being awarded ‘Gold’ for the…
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