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The upcoming Sri Lanka Investment and Business Conclave 2017 has seen interest from investors and business partners from over 20 countries, who are looking for opportunities in diverse sectors of the local economy.
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Lakdhanavi Limited, which is the power generation arm of LTL Holdings Group, has been awarded another contract by the Bangladesh Power Development Board (BPDB) to construct a 114 MW thermal power plant using heavy fuel oil (HFO).
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REUTERS: Sri Lanka’s tea output rose 20 percent in April compared to a year earlier after rains ended a six-month drought that had lasted to February, the state-run Tea Board said yesterday.Production in the first four months of the year edged up 1.8 percent compared to the same period last year.
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The Malaysian High Commission in Sri Lanka is working to catalyze around US $ 200-300 million in foreign direct investment (FDI) from Malaysia to Sri Lanka over the coming years. “Our target is to bring around US $ 200-300 million in investments to Sri Lanka over the next few years,” Malaysian High Commissioner in Sri Lanka Zaidi Wan Abdullah said, noting that this is a fraction of the US $ 15 billion FDI outflows from Malaysia.
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Central Bank Governor Dr. Indrajit Coomaraswamy at a recent media briefing has announced that he was considering floating a second international sovereign bond (ISB) this year if the government is able to get the required parliamentary approval for an enhanced foreign borrowing limit. This is in addition to the funds raised through the recent issue of ISB worth US $ 1.5 billion at 6.2 percent interest.
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Insee Cement plays an important and responsible role in conducting sound waste management practices. The company was recently re-branded when it was acquired by Siam City Cement Company, a leading cement manufacturer in Thailand.
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Celebrating the unique power of mothers, Litro Gas Lanka initiated the ‘Garu Ammawarun Wenuwen’ programme to assist deserving mothers across the island to avail themselves of free gas cookers and other cooking effects when they first purchase Litro Gas cylinders (12.5kg or 5kg).
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International real estate platform Lamudi delivered not just one but two successful expos in Sri Lanka last year. Following the popularity of these events, a third expo is to be held at Taj amudra over the weekend of June (17th and 18th ).
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REUTERS: Sri Lankan shares edged down yesterday as investors booked profits in blue chips such as John Keells Holdings PLC, with analysts saying the market was waiting for policy direction from newly-appointed Finance Minister Mangala Samaraweera.
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REUTERS: China invited Indian Prime Minister Narendra Modi and six cabinet colleagues to its ‘new Silk Road’ summit this month, even offering to rename a flagship Pakistani project running through disputed territory to persuade them to attend, a top official in Modi’s ruling group and diplomats said.
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Through generous donations channeled from Dialog subscribers, tripled in value through a donation by Dialog Axiata and further supplemented by support in civil construction services from the tri-forces enabled the handing of the ‘Senehe Siyapatha’ Senehase Gammanaya consisting 30 houses to victims of the Aranayaka landslide, in the Kegalle district.
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With the aim of supporting and assisting social entrepreneurs interested in starting up businesses that address environmental issues, Lanka Social Ventures (LSV), with an investment of Rs. 1.5 million inaugurated an accelerator programme for green businesses.
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The World Tourism Forum is the leading interactive platform in the industry, where CEOs, ministers, academia, finance, start-ups, the next generation and young talents gather to address the future challenges of travel, tourism and hospitality industry with the aim of shaping a more sustainable future.
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Buddhika Kumara from the Hatton National Bank (HNB) Athurugiriya customer centre was the lucky winner to drive a brand-new Nissan Leaf home at the conclusion of a grand draw under HNB PLC’s New World Rewards 2017 - Sri Lanka’s first online banking rewards system.
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Hemas Travels, the local representative for Hogg Robinson Group (HRG), the global travel management company with representation in over 120 countries, has been appointed the official representative for the Cash Back