Two of Sri Lanka’s smaller mobile phone companies, Hutchison Telecommunications Lanka (Private) Limited (Hutch Lanka) and Etisalat Lanka (Private) Limited (ESL) have reportedly announced that they have completed the merger of the two businesses.
The NDB Bank in Sri Lanka has reportedly said that a strategic investor was doing a detailed study of the bank and market conditions with the aim of buying unsubscribed shares of its rights issue.
The Qatar Chamber and Sri Lanka’s Ministry of Foreign Employment held a meeting in Doha on Monday to discuss cooperation between the two sides regarding recruitment opportunities, the Gulf Times has reported.
The Cabinet of Ministers appointed by Sri Lanka’s President Maithripala Sirisena has granted approval to the Power and Energy Ministry this week to construct 150 Mw solar and 60 Mw of wind power plants.
The Finance and Economic Affairs Ministry of Sri Lanka has received a pledge from the Rabobank of Netherlands to provide 52.1 million euro financial assistance to construct approximately 250 steel bridges island wide especially in the rural areas.