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The most popular Chinese aid comes with the condition of Chinese labour being used in those projects and the interest rates of those loans are also on the high side comparable to some other multilateral donors, according to an eminent economist.
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Vasan Eye Care Hospital, the world’s largest network of eye care hospitals that comes under the wings of India’s flagship Vasan Healthcare Group commenced operations in Sri Lanka this year, bringing the next-generation of super-specialisation in ophthalmology.
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The Institute of Certified Management Accountants of Sri Lanka (CMA) has organized a workshop on “GRI New Standards” in association with South Asian Federation of Accountants (SAFA) and Global Reporting Initiative Focal Point India. The workshop will be held on Friday (September 6) form 9.00a.m. – 5.00p.m. at Golden Pond, Hotel Taj Samudra.
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Sri Lankan businessmen travelling to countries in the South Asian Association for Regional Cooperation (SAARC) region will soon be able to travel without visa and the SAARC Secretariat has already taken measures to identify them as a separate category under its visa exemption scheme, according to a top official from the SAARC Secretariat.
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“Sri Lanka Shines in Beijing,” a Rs. 150 million mega promotional campaign by Sri Lanka Tourism’s promotional arm, Sri Lanka Tourism Promotion Bureau (SLTPB) was concluded in Beijing, China, yesterday with the support of the Chinese government and the Sri Lankan Embassy in Beijing.
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Despite the several social and economic hindrance to the illegal alcohol industry growth, the country’s tax policy in fact encourages it which causes the legal, regulated and responsible sector to shrink, charged a top official of a listed distiller.
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Legislation concerning accreditation and quality standards for higher education institutes operating in Sri Lanka is nearing completion and will be opened to the public by early next year, according to University Grants Commission (UGC) Chairperson Prof. Kshanika Hirimburegama.
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The recent Small- and Medium-Sized Enterprises Summit in Madang had job creation and growth as its worthy goal. Although Papua New Guinea (PNG) has grown rapidly over the past decade, this has not translated into jobs in the non-resource sector and unemployment is worryingly high.
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Lanka IOC (LIOC) will be introducing Euro 3 Diesel to the Sri Lankan market by 2014 and will also be investing Rs.90 million to modernise the required infrastructure to support this introduction, the company’s latest annual report stated.
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Sri Lankan stocks recovered from their lowest level in more than four months yesterday as investors picked up large cap shares such as Ceylon Tobacco Company Plc and Nestle Lanka Plc, but foreign outflows continued for the fourth day.
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Sri Lankan stocks closed at their lowest level in more than four months yesterday with trading volume slumping to near three-week lows as foreign outflows continued for the third day, while retail investors stayed on the sidelines amid a falling rupee, brokers said.
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As Sri Lanka experiences a surge in internet usage with brands thriving to be at their best in this digital phenomenon, the retail fashion chain Fashion Bug has been recognized for its Official Website www.fashionbug.lk with a Silver award in the recent BestWeb.lk 2013.