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A private hospital not aiming to be a commercial operation but to be a committed caregiver for the sick, and run by a retired Lankan school teacher has clinched the Best Western Provincial Entrepreneur of Sri Lanka on 17 October in Colombo.

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Reuters: Shares ended down for a second straight session on Tuesday, slipping further from their highest close in more than 10 weeks hit last week, with investors booking profits in telecom stocks while block deals boosted the turnover, brokers said.

Wednesday, 18 October 2017 07:28

Rupee ends down on mild importer dollar demand

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Reuters: The rupee ended slightly weaker in dull trade on Tuesday as importer dollar demand surpassed mild exporter greenback sales, dealers said.

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Upholding the reform momentum will be important for addressing fiscal and external imbalances and meeting the SriLanka government’s ambitious social and development objectives, IMF says in a media release issued following the agreement on the third review under an Extended Fund Facility on Monday.

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CIC Holdings Plc has acquired control of Unipower Ltd. for Rs. 238 million.

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The country’s manufacturing sector picked up in September whilst the services counterpart lagged as per the Central Bank computed Purchasing Managers Index (PMI).

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Minister of Finance and Mass Media Mr. Mangala Samaraweera while attending to the WB/IMF annual meeting in Washington at the conclusion of the meeting called on Mitsuhiro Furusawa, Deputy Managing Director of the IMF and held discussion on matters of mutual interest.

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Sri Lankan city hotels are to lose their attractiveness because of their relatively higher room rates – owing to steep cost structures, Fitch rating agency envisaged.

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The Foundation now invites project proposals, in the areas of Education, Art & Culture, Archaeological Studies, Agricultural Research, Science & Technology, Information Technology, Health, Development Studies and Gender Studies.

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Asian International School (AIS), Colombo, in partnership with Igniter Space and Create Lab of Singapore, last week unveiled its “AIS Innovation Centre” aimed at augmenting computational thinking and creative problem solving in students.

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