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Norway and FAO welcome findings of the Nansen survey

National Aquatic Resources Research and Development Agency (NARA) and Institute of Marine Research, Norway (IMR) held an event to launch the main research findings of the survey carried out by the Norwegian Research Vessel Dr. Fridtjof Nansen in Sri Lanka in 2018.   Norwegian Research Vessel Dr. Fridtjof Nansen successfully completed an ecosystem survey in…

(0)Comments | January 28, 2019 2:23 pm

RPCs and Trade Unions end wages deadlock – agree to Rs. 750 daily wage

Productivity and attendance incentives excluded from agreement The Planters’ Association of Ceylon announced that following negotiations between the Employers’ Federation of Ceylon (EFC) and Trade Unions representing Regional Plantation Company employees, an agreement was reached for a revised collective agreement. Secretary General of The Planters’ Association, Lalith Obeyesekere said that as per the revised agreement,…

(0)Comments | January 28, 2019 12:54 pm

Foreign Investment Threshold in Treasury Bills and Treasury Bonds reduced to 5%

The Monetary Board of Central Bank of Sri Lanka has decided to reduce the threshold of foreign investments in Treasury Bills and Treasury Bonds from 10 per cent to 5 per cent out of the total outstanding stock of Treasury Bills and Treasury Bonds with effect from 18.01.2019.

(0)Comments | January 28, 2019 12:05 pm

An Insight into Sri Lanka’s Economic Behaviour

Elaborating on the ‘Insight into Sri Lanka’s Economic Behaviour’, Executive Vice President – Treasury and Investment Banking at Nations Trust Bank, Indrajith Boyagoda shares his views on Sri Lanka’s current economic circumstances and the role of banking in this environment. “It is of significant importance that, the global economy is viewed from a macroeconomic perspective…

(0)Comments | January 28, 2019 11:37 am

Sri Lanka negotiating with India and China for financial lifeline to avert a balance of payments crisis – Report

Sri Lanka is negotiating with India and China for a financial lifeline, but expects to avoid a balance of payments crisis, a recent international media report highlights.   Nikkei Asian Review which interviewed Sri Lanka’s Central Bank Chief on Thursday in a report recently said that “Sri Lanka is on course to avert a balance…

(0)Comments | January 28, 2019 10:15 am

Rs 2 M for 3-wheel owners and Rs 10 million housing loan for migrant workers under the expanded Enterprise Sri Lanka loan scheme – Ministry of Finance

The Government on realizing the success of Enterprise Sri Lanka concessionary loan scheme is to introduce further concessionary loan to widen the schemes enabling the stake holders to move towards next generation economic activities in their areas of activities. Accordingly migrant workers will be given up to Rs 10 million concessionary housing loans to be…

(0)Comments | January 28, 2019 10:12 am

Ground breaking ceremony kicks off construction for TRI-ZEN

John Keells Properties celebrated the beginning of construction for their newest development, TRI-ZEN, during a special groundbreaking ceremony on 25 January 2019, held at the site located at Union Place, with additional access from Braybrooke Place. The groundbreaking ceremony was held in the presence of the Deputy Chairman and the Group Finance Director of John…

(0)Comments | January 27, 2019 7:27 pm

World Economic Forum agrees for the first time to promote LGBT ‘global order’

LifeSiteNews — Seven multinational companies launched a Partnership for LGBTI Equality on Tuesday (22) at the World Economic Forum in Davos, Switzerland. For the first time, the high-profile club of global political and economic leaders welcomed a special session for “LGBTI rights,” which world businesses want to promote and implement according to United Nations LGBTI Standards…

(0)Comments | January 25, 2019 4:04 pm

Strengthening the Medicine Regulatory System – NMRA goes digital

The National Medicines Regulatory Authority (NMRA) is the government agency that regulates the manufacture, importation, sale and distribution of Medicines,and Devices and Borderline products in the country, with a vision of ensuring that medicinal products available in the country are manufactured, distributed and dispensed with the required quality, safety and efficacy. Taking a pro-active role…

(0)Comments | January 25, 2019 12:05 pm

HNB increases debenture fund raising from Rs. 7 Bn to Rs. 10 Bn

The Hatton National Bank (HNB) in a disclosure to Colombo Stock Exchange (CSE) recently announced that the bank has decided to increase the number of debentures to be issued to 50 million. The disclosure further said that the debentures will be Basel III compliant, tier II, listed, rated, unsecured, subordinated, and redeemable debentures with a…

(0)Comments | January 25, 2019 11:16 am