Melwa group invests Rs. 1.4 bn for pharmaceutical manufacturing plant
Melwa Group, a diversified business corporate in steel related industry, ventured into the healthcare sector, investing Rs. 1.4 billion to
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Asia’s top ethnic fashion brand to enter Sri Lanka
Appoints MTI to advise on market entry Khaadi, an iconic fast fashion retail force, has appointed MTI Consulting for its
Read moreFiscal consolidation, vital as much as growth-PM
As much as achieving growth, fiscal consolidation had to also get top priority; Prime Minister Ranil Wickremesinghe told the Fireside
Read moreGovt. moves forward with digitalisation of economy
The government will begin the implementation of key programmes and formulating the required legislative reforms within the next three months
Read moreEighth EU-SL investor dialogue consolidates economic relations, resolves important matters
The eighth EU-Sri Lanka investor dialogue was held at the Development Strategies and International Trade Ministry recently. Many of the
Read moreTrade deficit expands over US $ 10bn in 2018
Sri Lanka’s trade deficit expanded over US $ 10 billion in the year 2018 despite a significant decline in the
Read moreMichelin delegation holds talks with BOI
A delegation from Michelin, the French tire manufacturing giant met with the Board of Investment (BOI) Chairman Hemasiri Fernando and
Read moreGovt. secures Rs.48bn JICA credit line for Malabe-Fort LRT
Loan provided at 0.1% p.a. for civil works and 0.01% p.a. for engineering services cost To be repaid in 40
Read moreBudget 2019 lacks focus, says economist
Perhaps levelling the sharpest criticism so far against the Budget 2019 presented last week, a top economist and a commentator
Read moreNorway sovereign wealth fund, world’s biggest to dump oil and gas
OSLO (AFP) – Norway’s sovereign wealth fund, the world’s biggest and which is fuelled by petrodollars, will dump stakes in
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