First privately-owned satellite in SAARC region
to be launched:
Supreme Group pioneers Sri Lanka’s space industry
Sri Lanka will join the exclusive club of
satellite owning countries on November 22 with the launch of the
Supreme SAT-1. Being the latest member to the 45 countries that have
their own satellites, it will be the third satellite owning country
in the SAARC region.
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Melsta Regal to widen footprint
Melsta Regal Finance will set up around 12
branches this year and expand its footprint to the North and the
East, Melsta Regal Finance Ltd, Managing Director, Amitha Gooneratne
said. He said that the company has the backing of Melstacorp
Limited, a subsidiary of Distilleries Company of Sri Lanka PLC, one
of the largest listed entities on the Colombo Stock Exchange.
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Infrastructure development on course in EP
All highways and bridges connecting the main
towns of the Eastern Province have been constructed or are under
construction. Travel time between Batticaloa and Polonnaruwa has
reduced to one hour. It takes less than two hours to travel to
Trincomalee by bus.
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BoC chief meets Seychelles President
Chairman of the Bank of Ceylon, Dr. Gamini
Wickramasinghe met the Seychelles President James Michel at State
House in Seychelles recently. The meeting follows the President’s
state visit to Sri Lanka in August this year, where discussions were
held to strengthen economic cooperation between the two countries.
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Slovakia to expand trade with Lanka
The Republic of Slovakia is keen to promote
trade and investment with Sri Lanka. The Slovak Republic Ambassador,
Marian Tomasik told a business meeting on ‘Slovakia's potential for
trade and investments' at the Ceylon Chamber of Commerce recenty.
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Lanka's economy on positive path - Dr. Koshy Mathai
Sri Lanka's economy is on a positive path though
the growth rate has slowed down and inflation is high said
International Monetary Fund (IMF) Resident Representative Dr. Koshy
Mathai.
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