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Hakeem seeks the support of Turkish Airlines

Hakeem seeks the support of Turkish Airlines

🕔00:22, 6.Feb 2016

Minister of City Planning and Water Supply Rauff Hakeem who is on an official visit to Turkey met with the Deputy Chairman and CEO of Turkish Airlines Dr. Temel Kotil and other senior executives. Among matters discussed were closer cooperation between

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IMF tells Lanka to bolster its economic defenses

IMF tells Lanka to bolster its economic defenses

🕔20:38, 5.Feb 2016

The International Monetary Fund (IMF) today emphasized on the urgent need for Sri Lanka to bolster its economic defenses. An IMF staff mission visited Colombo February 1-5 to discuss recent economic developments and policies for the year ahead. The team met

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Bahrain, Sri Lanka discuss economic relations

Bahrain, Sri Lanka discuss economic relations

🕔05:20, 2.Feb 2016

Industry, Commerce and Tourism Minister Zayed Al-Zayani today received Minister of Industry and Commerce of Sri Lanka, Risad Badhiutheen, and reviewed topics of joint interest. Al-Zayani expressed keenness to push economic cooperation to level of ambition, underlining the role of

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Sri Lanka takes stake in Google balloon Internet venture

Sri Lanka takes stake in Google balloon Internet venture

🕔17:13, 1.Feb 2016

Sri Lanka’s government announced Monday it would take a 25 percent stake in a joint venture with Google designed to deliver a high-speed Internet service powered by balloons and that tests would begin this month, phys.org reported. Telecommunications Minister Harin

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Sri Lanka looks for investments from China

Sri Lanka looks for investments from China

🕔19:35, 26.Jan 2016

The Sri Lankan government said that it has ratified agreements that will help secure investments from rapidly growing China and India. Sri Lanka’s Foreign Minister Mangala Samaraweera told parliament that Sri Lanka is also building up prospects for investments from

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UAE, Lanka promote MEASA investments

UAE, Lanka promote MEASA investments

🕔07:13, 25.Jan 2016

Essa Kazim, governor of Dubai International Financial Centre, or DIFC, welcomed a high-profile Sri Lankan delegation led by Finance Minister, Ravi Karunanayake. The discussions held as part of the visit sought to reinforce business ties and investment relations between the

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Duty changes hit growth in Maruti’s exports to Sri Lanka

Duty changes hit growth in Maruti’s exports to Sri Lanka

🕔14:59, 20.Jan 2016

Maruti Suzuki’s exports to Sri Lanka, the biggest foreign market for it last year, are losing pace, thanks to an increase in import duty by the island nation. Last year, Sri Lanka had overtaken markets like Chile and the Philippines

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TRC to introduce common floor rates for call charges

TRC to introduce common floor rates for call charges

🕔17:02, 19.Jan 2016

Sri Lanka’s telecommunications regulator will introduce common floor rates for call charges effective February 1st to ensure small operators remain competitive, Reuters quoted an official as saying. Charges on the same network will be raised by a maximum 50 percent,

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Youtube launches local version for Sri Lanka users

Youtube launches local version for Sri Lanka users

🕔16:47, 13.Jan 2016

Youtube has introduced a new version for Pakistan, Nepal and Sri Lanka youtube users,  Pop Herald reported. “We aim to provide an, even more, tailored YouTube experience by launching versions that are optimised for Nepal, Pakistan, and Sri Lanka”, Gautam

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Mobile boom expected in SAARC region

Mobile boom expected in SAARC region

🕔12:02, 5.Jan 2016

SAARC population is expected to raise from 1.7 billion in 2014 to 1.9 billion in 2018, with mobile penetration reaching to 208% of population in 2018. The telecom access line in SAARC region (Bangladesh, India, Pakistan, Myanmar, Maldives, Nepal and

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No dire need of emergency funding says CB

No dire need of emergency funding says CB

🕔18:17, 31.Dec 2015

Sri Lanka is in no dire need of emergency funding as the country’s economy fared well in 2015 with reserves on a sound footing, Central Bank Governor Arjuna Mahendran said today. “Our reserves are comfortable at this point. We have

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Sri Lanka eager to invest in Punjab power plants

Sri Lanka eager to invest in Punjab power plants

🕔08:15, 30.Dec 2015

Sri Lanka has discussed the possibility in investing on small scale hydro power plants in Punjab, Pakistan during a visit by a three member delegation from Sri Lanka to the Punjab Board of Investment and Trade (PBIT). Minister for Public Administration

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Aegis wins two-year call centre contract from Hutch

Aegis wins two-year call centre contract from Hutch

🕔23:10, 4.Dec 2015

Aegis, the business process management (BPM) arm of the diversified Essar Group, has won a contract from Hutch Sri Lanka to provide call centre services to the telecom major across the island nation. However, the financial terms of the two-year

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Ceylon Chamber of Commerce welcomes budget

Ceylon Chamber of Commerce welcomes budget

🕔16:26, 22.Nov 2015

The Ceylon Chamber of Commerce welcomes the Budget 2016 for its measures to boost private investment and promote inclusive economic growth. Budget 2016 has shown a commitment to enhancing private sector participation in the economy through PPPs, begin to rationalise

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Chinese to seek investment opportunities

Chinese to seek investment opportunities

🕔12:09, 6.Nov 2015

A high level business delegation is to visit Sri Lanka this month to seek investment opportunities in the country, Sri Lanka’s main trade body said. The Ceylon Chamber of Commerce (CCC) said that a 77 member high powered business and

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Fonterra back on track in Sri Lanka

Fonterra back on track in Sri Lanka

🕔08:14, 3.Nov 2015

Fonterra’s Sri Lanka business has fully recovered after a 2013 food safety scare sparked public protests and forced the temporary closure of its operations in the country, the New Zealand Herald reports. Leon Clement, managing director of Fonterra Brands Sri

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Bangladesh to sign FTA with Sri Lanka soon

Bangladesh to sign FTA with Sri Lanka soon

🕔07:45, 28.Oct 2015

Bangladesh will ‘soon’ sign a free trade agreement (FTA) with Sri Lanka to reduce trade barriers, Bangladesh Commerce Minister Tofail Ahmed has said. All formalities have been completed, the minister told reporters after meeting Sri Lankan High Commissioner Yasoja Gunasekera

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Government launches 10 year sovereign bond

Government launches 10 year sovereign bond

🕔17:50, 27.Oct 2015

Sri Lanka is selling global bonds for the second time this year as the government faces a wider budget deficit and a weaker currency, Bloomberg reported. The issuance is ranked B+ by Standard & Poor’s, its fourth-highest junk grade, and

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Falck Sri Lanka closes down

Falck Sri Lanka closes down

🕔16:10, 6.Oct 2015

Falck, the globally acclaimed Emergency Medical Services Company and by far the largest, commenced operations in Sri Lanka in January 2013, introducing internationally standardized practices and training facilities for the first time in this island.  We are proud to have

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Sri Lanka Chamber and Beijing Chamber to promote trade ties

Sri Lanka Chamber and Beijing Chamber to promote trade ties

🕔14:39, 21.Sep 2015

Sri Lanka’s main trade body, the Ceylon Chamber of Commerce and the Beijing Chamber of International Commerce on Monday signed a Memorandum of Understanding (MOU) to work together to promote trade and commercial ties between the two countries. Mangala P.

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