Colombo, June 23 (newsin.asia) – Sri Lankan Prime Minister Ranil Wickremesinghe has assured of rapid development in the next 18 months as the government aims to strengthen local entrepreneurs, local media reported Saturday. Speaking at the launch of ‘Enterprise Sri Lanka’, Wickremesinghe said the country would look at expanding economic opportunities by strengthening local businesses […]
India is fast-tracking environmental clearances for projects like power plants and coal mines in a bid to propel growth. But this has set off alarm bells among environmentalists and affected residents who say the decisions are being made too quickly, reports Reuters.
India has drastically reduced the supply of essential commodities to the Maldives for 2018-19 going by a clause in the trade agreement which says that the annual supply could be determined on the basis of the average “lifting” of the goods in the past three years ,writes Devirupa Mitra in The Wire.
Colombo, June 22 (newsin.asia) – Shares at the Colombo Stock Exchange ended 0.01 percent lower amid a weak market turnover on Friday. The All Share Price Index ended 6,228.2, down by 1 point. John Keells Holdings emerged as the top contributor followed by Piramal Glass Ceylon and Ceylon Tobacco Company. Total market turnover amounted to […]
One of the highest grossing Bollywood films of all time, Rajkumar Hirani’s 3 Idiots is all set for a sequel. Released in 2009, the film has a cult following of its own and an entire generation of youngsters growing up with it. 3 Idiots remains one of most popular films even in its many TV re-runs. The director is currently working on the script of the sequel of Aamir Khan, R Madhavan and Sharman Joshi-starrer. Hirani was asked a question while promoting his upcoming film Sanju.
The Maldives and China have always enjoyed a healthy, mutually beneficial relationship, which has reached to a historic level over the past few years, said the Vice President of the NGO, Maldives China Trade and Cultural Organization (MCTCO) Midhuam Saud. He told Xinhua in a recent interview that in the future, “with sky being the limit”, infinite possibilities lie in cooperation between the two countries.
Colombo, June 22 (newsin.asia) – The International Monetary Fund (IMF) on Friday said raising Sri Lanka’s female labor force participation can boost the island’s economic growth in the long run. The IMF’s executive board said in its latest assessment of its program with Sri Lanka that the island could raise GDP by as much as 20 percent […]
Colombo, June 22 (newsin.asia) – The following are the foreign exchange rates against the Sri Lankan rupee released by the Central Bank of Sri Lanka on Friday. Buying Selling Australian Dollar 115.43 120.10 Canadian Dollar 117.92 122.07 Chinese Yuan (Renminbi) 23.92 25.03 Euro 181.99 188.07 Japanese Yen 1.4250 1.4752 Singapore […]
Colombo, June 22 (Daily FT) – As China Merchant Port Holdings Ltd. (CM Port) completes the final tranche of payment for the Hambantota Port joint venture, the public-private partnership is now aiming to attract as much as $ 500 million worth of investments to set up plants inside the port as well as general operation […]
Big retailers are betting on India’s online grocery market, but mastering logistics will be one of the key challenges as customers demand fast or even same-day deliveries. India’s snarling traffic jams, weak infrastructure, narrow lanes and unplanned housing complexes are all potential obstacles to on-time grocery delivery, writes Rosemary Marandi in Nikkei.