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Advantis Engineering Wins Gold at NCE Awards 2016
(PRESS RELEASE) – Advantis Engineering, formerly known as Logiventures, won a gold award at the recently concluded 24th Annual National Chamber of Exporters Awards 2016 (NCE Awards). The award is in recognition of their strong contribution to the country’s export earnings and their efforts in strengthening the nation’s reputation on the world stage through their Convertainers […]
JICA to help plan Kandy development with UDA
Oct 10, 2016 (LBO) – The Urban Development Authority of Sri Lanka and Japan International Cooperation Agency (JICA) will enter into technical cooperation to formulate the urban development environment of Kandy. JICA will support with detailed urban plans, urban design guidelines, regulations to protect heritage city areas, sustainable systems and strategic investment proposals to implement […]
Asia shares gain, Mexican peso jumps as markets lengthen odds on Trump
SYDNEY, Oct 10 (Reuters) – Asian shares crept higher and the Mexican peso jumped on Monday as odds of a victory by Republican nominee Donald Trump for the U.S. presidential bid widened just hours before a debate with Democratic candidate Hillary Clinton. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent, […]
Sri Lanka foreign reserves drops USD154mn in Sept: Central Bank
Oct 08, 2016 (LBO) – Sri Lanka’s official reserves dropped 153.8 million US dollars to 6.5 billion dollars in September, down from 6.6 billion dollars at the end of August, official Central Bank data showed. Foreign currency reserves were 5.4 billion US dollars, and reserves in Gold were 0.95 billion US dollars. The Central Bank’s […]
South Korea, Sri Lanka seeks strengthening national defence coop.
A top level delegation headed by the President of the Korea National Defence University (KNDU), Lieutenant General Seung Ho Wee, visited Sri Lanka from October 2nd to 5th. On Monday October 3rd, the delegation paid a courtesy call on the State Minister of Defence Hon. Ruwan Wijewardena and Secretary to the Minister of Defence Eng. […]
Sri Lankan rupee down on importer dollar demand; cenbank caps fall
COLOMBO, Oct 7 (Reuters) – The Sri Lankan rupee fell on Friday due to importer dollar demand while moral suasion by the central bank on the spot-currency trade forced banks to deal in spot-next, dealers said. “Banks did not trade the spot rupee below 146.85 because of moral suasion,” a currency dealer said, asking not […]