Sri Lanka’s Ministry of Finance recently said that the Enterprise Sri Lanka loan scheme has disbursed over Rs.78.62 billion among young entrepreneurs across Sri Lanka to date. “Under the Enterprise Sri Lanka program implemented according to a concept of Finance Minister Mangala Samaraweera with the objective to produce 100,000 entrepreneurs, 46,673 loans have been…
NEW DELHI/COLOMBO (Reuters) – An agreement to build a proposed $3.85 billion oil refinery in Sri Lanka will take at least a year to be finalized as its main investor, India’s Accord Group, says it is yet to recruit partners and conduct an assessment of the plan’s viability. The comments add to confusion about the…
Reuters – The Sri Lankan rupee closed stronger on Thursday due to dollar inflows from inward remittances ahead of the traditional new year celebrations, market sources said, while stocks snapped an eight-session losing streak to end higher. ** The currency extended gains into a third session to end firmer at 176.10/25 to the dollar, up…
RIU Trade surveillance report in association with the Sri Lankan High Commission in London Mar 28, 2019 (London) – The United Kingdom is one of the major trading partners of Sri Lanka, amounting to over 10 percent of the total annual trade. The trade between two countries has been on the upsurge for the last…
Amsterdam, 28 March 2019 – More than 500 businesses in Sri Lanka and Bangladesh are being supported to report on their sustainability impacts following the launch of new guidance. GRI has provided technical input to guides produced by the Dhaka Stock Exchange (DSE) and the Colombo Stock Exchange (CSE), which they will share with all…
Recent Cabinet decisions noted that the Sri Lanka Railway presently, is undergoing a major technological transition to suit current trends of technology thus it is anticipated to develop the condition of the locomotive fleet through this endevour. As such, the proposal made by Arjuna Ranatunga, Minister of Transport & Civil Aviation to award the contract…
Recent Cabinet decisions outlined that with a view to expanding the public transportation facilities and providing a more qualitative service to the general public, the proposal made by Arjuna Ranatunga, Minister of Transport & Civil Aviation, to award the contract for the procurement of 37 new luxury buses to the Sri Lanka Transport Board (SLTB)…
Recent Cabinet decisions released to public in Sri Lanka outlines that Sri Lanka’s Cabinet of Ministers lead by President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe had approved a proposal by Rauff Hakeem, the Minister of City Planning, Water Supply and Higher Education to implement a project and enter into agreements with the Lyca Group…
The Commercial Bank of Ceylon has won two more international awards – ‘Best Internet Bank – Sri Lanka’ and ‘Best Green Bank – Sri Lanka,’ continuing a winning streak that has taken its tally of international awards in the first quarter of 2019 alone, to five. While Global Banking and Finance Review Magazine of the…
Sri Lanka’s Tourist Police Division of the Department of Police has decided to open 22 more police units throughout the island to ensure the safety of the tourists arriving in Sri Lanka and the pilot project has begun from Mirissa. According to reports already eleven tourist police units have been established around the country and…
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