Says Sri Lankans dislike to see fellow countrymen succeeding Believes rupee depreciation can be halted by backing local entrepreneurs By Nishel FernandoA highly successful local entrepreneur who made it to the global stage this week urged Sri Lankans not to become dogs in the manger for fellow Sri Lankans who aspire to progress and turnaround the country’s … [Read more...] about MillenniumIT founder urges Lankans to shed ‘dog in the manger’ attitude – Daily Mirror
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EPF to only invest in shares approved by Monetary Board – Daily Mirror
By Indika SakalasooriyaAs the Employees’ Provident Fund (EPF) prepares for its re-entry into the country’s stock market, they would most likely to be “conservative” in their investment approach and invest only in shares of a list that is currently being prepared.Central Bank Governor Dr. Indrajit Coomaraswamy this week said the Investment Committee of the EPF is trying to … [Read more...] about EPF to only invest in shares approved by Monetary Board – Daily Mirror
Unit of LTL Holdings secures Rs.3bn loan from NDB to build 2 wind power plants in North – Daily Mirror
The agreement was signed by Ceylex Engineering CEO Nisal Perera and NDB CEO Dimantha Seneviratne Ceylex Engineering (Pvt.) Ltd, an associate company of LTL Holdings, has secured a Rs.3 billion loan from National Development Bank PLC (NDB) to develop two 10 MW wind power plants in Chavakachcheri. According to the Ceylex officials, the project, which would conform to the … [Read more...] about Unit of LTL Holdings secures Rs.3bn loan from NDB to build 2 wind power plants in North – Daily Mirror
German firms in Sri Lanka committed for further investments: survey – Daily Mirror
From left : BOI Director General Duminda Ariyasinghe, Allianz Asia Pacific Chief Operating Officer Dr. Ruediger Schaefer, AHK Sri Lanka Chief Delegate Andreas Hergenroether, Minister of Development Strategies and International Trade Malik Samarawickrama, Ambassador of Germany to Sri Lanka Jörn Rohde and, EDB Chairperson Indra Malwatte , National Chamber of Commerce … [Read more...] about German firms in Sri Lanka committed for further investments: survey – Daily Mirror
Tea industry told to look outside in setting up hub – Daily Mirror
Nathan SivagananathanPic by Samantha Perera Nathan Sivagananathan of MAS suggests tea industry set up tea trade zone within a free trade zone outside Sri Lanka Tea industry stakeholders remain divided over importing teas of other origins for blending purposes Sivagananathan stresses need for tea industry to increase R&D expenditure By Nishel Fernando Nathan … [Read more...] about Tea industry told to look outside in setting up hub – Daily Mirror