Reuters – Oil rose by as much as 6.5 percent on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices. Brent crude futures LCOc1 were up $2.21 at $56.54 per barrel by 1125…
President Mathripala Sirisena is scheduled to visit Malaysia from 15th – 17th December. During the visit, the President will sign several bilateral Memorandums of Understanding (MoU) with the Government of Malaysia. Accordingly, the MoU on cooperation in tourism, MoU on cooperation in the field of trainings, researches, and public administration, MoU between Sri Lanka Agricultural…
Present government will not privatize or sell off any of the public asset and there were no provisions made under the Budget-2017 to this effect. The Budget-2017 has made provision to convert the country into a manufacturing economy by converting the foreign debt into equity thereby reducing the debt burden of the people of this…
A mechanism will be crafted to identify tax evaders and, have them included in tax system… Finance Minister Ravi Karunanayake engaged in a sudden inspection tour of the Inland Revenue Department’s head office Thursday (08). The minister looked into the operations and the shortcomings of the Inland Revenue department which is one of the major…
The government is taking steps to increase the production of seed and plant material as a public private sector partnership project. It has been scientifically confirmed that the quality of harvesting and productivity could be increased between 15 -25 percent by ensuring the availability of quality seeds and planting material. The ministry of agriculture has…
Sri Lanka is enlisting its surging tourism and provincial cottage infrastructure to transform its struggling handloom produce to global markets. And the national blueprint for this transformation is now ready. “Sri Lanka’s handloom industry formally had 200,000 people but today this has fallen to 10000” declared Minister of Industry and Commerce Rishad Bathiudeen on 9…
Investment Bank First Capital Holdings PLC, won the Bronze Award for “Financial Institutions” category at the 52nd Annual Report Awards competition organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). Consisting of five subsidiaries providing a diverse range of advisory services and financial products including Capital Markets Advisory, Wealth Management, Fixed…
The 9th International Research Conference of the Central Bank of Sri Lanka was held on 2 December 2016 at the John Exter International Conference Hall of the Central Bank. The conference, organised by the Economic Research Department of the Central Bank, aims to stimulate research on contemporary themes while providing a forum for researchers of…
What better way to get into the Christmas spirit than afternoon tea with a festive twist? Whether it is a perfect present for friends and family or a treat for yourself, or simply a get together to share the Christmas spirit – The Steuart’s Christmas High Tea party is the way to do it! Join…
Times Higher Education BRICS & Emerging Economics Rankings 2017 University of Colombo was ranked among the top 300 in the prestigious Times Higher Education BRICS & Emerging Economics Rankings 2017 on 30th November 2016. The inclusion of University of Colombo in the THE BRICS & Emerging Economies ranking is a significant achievement, which means one…
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