Sri Lankan Billionaire Nahil Wijesuriya’s family largely owned and controlled Weligama Bay Marriott Resort & Spa had added over 68% revenue amounting to over Rs. 685 million in the first 8 months of Hotel’s operation to the total revenue of the holding company East West Properties group. In the lately released annual report of the…
Reuters – ** The Sri Lankan rupee ended slightly weaker on Monday, as foreign investors continued to exit from bonds and stocks as a lingering political crisis weighed on market sentiment ahead of a key ruling by the island nation’s Supreme Court. ** The ruling will determine if the current parliament can continue in the…
Reuters – French Finance Minister Bruno Le Maire said on Friday Chinese tech giant Huawei was welcome in France, though the government could block certain investments. “It’s a company that plays an important role in France, that invests in France and these investments are welcome,” Le Maire told journalists after talks with Chinese Vice Premier…
The Government of Norway entered into a partnership agreement with the United Nations Development Programme (UNDP) in Sri Lanka to extend support to UNDP Sri Lanka’s flagship portfolio on SDG (Sustainable Development Goals) 16: Peace, Justice and Strong Institutions project for the period December 2018 2018 to December 2020. The Ambassador of Norway to Sri…
Oil prices are likely to remain priced around $60 per barrel for the best part of the next decade before increased use of renewable energies starts pushing prices down consistently, a leading UK economic think-tank has said. “A year ago we made an aggressive forecast for oil prices that had them falling to $40 by…
EFL achieved a significant milestone in cross-border trade by creating a tailor-made logistics solution and acting as the key facilitator to handle the very first bonded Cross-Border Land-Air Transshipment, on behalf of a leading European retail brand. This alternative efficient gateway was used to strengthen ties between Indo-Bangladeshi trade routes and to enhance the efficiency…
Reuters – ** The Sri Lankan rupee ended firmer on Friday, helped by inward dollar remittances, but foreign investors continued to exit from bonds and stocks as a lingering political crisis weighed on market sentiment. ** Foreign investors sold a net 17 billion rupees ($95.3 million) worth of government securities in the week ended on…
The signing ceremony of the FAO-China South-South Cooperation Tripartite Agreement between the Food and Agriculture Organization of the United Nations (FAO), the People’s Republic of China, and the Democratic Socialist Republic of Sri Lanka took place at FAO headquarters on 6 December 2018. The aim of this South-South Cooperation project is to help Sri Lanka boost…
From being second largest importer of Sri Lankan Tea or renowned Ceylon Tea, the OPEC’s second-largest oil producer – Iraq that suffered a political crisis and a warfare from 2003 since American Invasion has emerged As Sri Lanka’s number one tea buyer which was reflected in the January – October 2018 official tea export statistics…
The recently released official data as at 30th November 2018 points out that 2,080,627 tourists had visited Sri Lanka for this year reporting 11.2% growth over last year when 1,871,871 tourists had visited the country during the same period. Analysts are in the view, the Cricket fans from the United Kingdom had made it possible…
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