High level European delegation to arrive in Sri Lanka to strengthen economic cooperation

High level European delegation to arrive in Sri Lanka to strengthen economic cooperation

Colombo, March 14 (NIA) - A high level delegation from the European Investment Bank (EIB) will visit Colombo at the end of this month to explore further avenues of economic cooperation between the EU and Sri Lanka. Sri Lanka has sought to increase bilateral trade and investments from the European Union with the enhanced opportunities expected following the Commission recommendation to restore...

India lifts ban on cash withdrawals

India lifts ban on cash withdrawals

New Delhi, March 13 - The restrictions placed on cash withdrawals from bank accounts after Centre’s demonetisation drive on November 8, 2016 was completely removed on Monday. The Reserve Bank of India had announced last month that the all caps on cash withdrawals would end on March 13, India TV reported. The limits were imposed after Prime Minister Narendra Modi announced the decision...

Washing machine which does away with the most stubborn curry stains

Washing machine which does away with the most stubborn curry stains

New Delhi March 11 (BBC): A washing machine has been launched for the Indian market, with a special mode to tackle curry and hair oil stains. Panasonic said the introduction of a 'curry' button followed complaints from customers struggling to fully get the food off their clothes. It says development took two years, testing combinations of water temperature and water flow....

Crocodile skin export could rake in millions for Bangladesh

Crocodile skin export could rake in millions for Bangladesh

Dhaka, March 11 (The Daily Star): Crocodile skin has emerged as a dollar earner for Bangladesh due to high demand in some Asian and European countries. The country's first crocodile farm, Reptiles Farm Ltd, located in Mymensingh district, exported skins of 200 crocodiles to Japan and earned around $1,06,000 in December last year. Established in Hatiber village in Mymensingh's Bhaluka upazila,...

Shangri-La says over half of apartments in Colombo city hotel sold

Shangri-La says over half of apartments in Colombo city hotel sold

Colombo, March 9 - More than half the units in the luxury apartment and hotel complex Shangri-La Hotels and Resorts is building in the Sri Lankan capital Colombo have been sold, an official said. “The buyers are a mix of investors like Sri Lankan diaspora and international investors,” said Rajeev Garg, deputy general manager of Shangri-La Sri Lanka Colombo and...

IMF assessment of Lanka warns about impact of drought

IMF assessment of Lanka warns about impact of drought

Colombo, March 8 (www.southasianmonitor.com) Even as it appreciated the Lankan government for strong efforts in implementing IMF-supported economic reforms, the International Monetary Fund (IMF) Tuesday warned that the prolonged drought in Sri Lanka could raise food and oil imports, with adverse impact on growth, inflation as well as balance of payment. The warning came as an IMF team led by...

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