LOLC Holdings buys Unguka Bank PLC, in Rwanda,
LOLC Holdings PLC discloses that its sub-subsidiary LOLC Mauritius Holdings Limited, has acquired 90% of the ordinary voting shares of Unguka Bank PLC, in Rwanda, on 14th September 2023.
Russia's Fuel Export Ban Pushes Oil Prices Higher.
Russia's recent decision to restrict its diesel and gasoline exports has pushed oil prices higher, countering economic concerns sparked by the Fed's recent reiteration of its “higher for longer” interest rate policy..
Armenia protests follow Nagorno-Karabakh ceasefire
There were clashes between police and demonstrators in the Armenian capital of Yerevan on Wednesday, as thousands protested the government's handling of the Nagorno-Karabakh crisis.
Azerbaijan halts Karabakh offensive after ceasefire deal with Armenian separatists
Azerbaijan's president has declared that his country's sovereignty has been restored over Nagorno-Karabakh after a 24-hour military offensive against ethnic-Armenian forces.
SC holds CEB’s refusal to issue permit for solar power plant is illegal
The Supreme Court in a landmark judgment held that the belated position taken up by the Ceylon Electricity Board (CEB) and its refusal to issue a permit to operate a solar power
President firm on no further Cabinet expansion
President Ranil Wickremesinghe is reported to have stood his ground, refusing to allocate any more Cabinet portfolios despite persistent requests from the Sri Lanka Podujana Peramuna (SLPP), Daily Mirror learns.
Sri Lanka customs seizes a parcel of hashish worth Rs. 164 million
Sri Lanka customs has grabed another stock of hashish worth Rs. 164 million during its inspections in Colombo ashortwhile ago.
No PET scans at Colombo national hospital from today
The Government Radiological Technologists Association (GRTA) said PET scans cannot be conducted at the National Hospital of Sri Lanka from Wednesday (20).
Softlogic buys International Brand "Bata" for Rs 230 million
Manufacturing License and Distribution Rights & Exclusive Retail Franchise Rights of the Renowned International Brand "Bata" and the Acquisition of Footwear Retailer Ltd
Sri Lanka Railways goes inder the hammer of privatization
Sri Lanka Railways is set to be partly privatized under public private partnership to provide abetter convenientand efficient service for commuters in accordance with the governmnt’s IMF dictaded policy of restrcuturing state institutions.
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Ukraine war: Russian 'evil cannot be trusted', Zelensky tells UN
"Evil cannot be trusted," Ukrainian President Volodymyr Zelensky has told the UN General Assembly, as he urged the world to unite to end Russian aggression against his country.
Azerbaijan launches operation against Nagorno-Karabakh and demands surrender
Azerbaijan has launched "anti-terror" operations in Nagorno-Karabakh, and said it will not stop until ethnic-Armenian separatists surrender.
Government solicits the support of 35 trade unions for CEB reforms
Power and Energy Minister Kanchana Wijesekera solicited support of representatives from 35 trade unions concerning the proposed reforms of the Ceylon Electricity Board (CEB) and the broader energy sector.
10 SL organic farming businesses display their export potential in Berlin
A high profile event held at the Embassy of Sri Lanka in Berlin on 8th September provided a unique platform for 10 Sri Lankan companies to showcase their organic agriculture products with export potential and connect them with potential buyers and investors in Europe.