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ICTA signs MOU with daraz

The private sector is also joining hands to further strengthen the national program to bring the benefits of digital technology to the people. This was confirmed by the Memorandum of Understanding (MoU) signed between the Information and Communication Technology Agency of Sri Lanka and the Kaymu Lanka (Private) Limited (daraz.lk) on the 15th of Sepetember…

(0)Comments | September 18, 2020 3:52 pm

Sri Lanka must no longer depend on foreign loans: SEC DG

SEC Director-General Chinthaka Mendis yesterday (17) called on the Government to seek funding for its development projects at the Stock Exchange, saying that the country should no longer depend on foreign loans. “When it comes to economic development we can’t any longer depend on foreign loans. Therefore, let me tell you, this is the place…

(0)Comments | September 18, 2020 3:22 pm

Govt. to support local automotive assembly with 30% locally made automobile components

The Sri Lanka Automotive Component Manufacturers’ Association recently announced that the Sri Lanka Government is actively seeking to promote automotive assembly with locally secured components, in order to boost the industry and create better job opportunities. The assembly of 100 vehicles will create more than 250 direct jobs and 100 indirect jobs. If 1000 vehicles…

(0)Comments | September 18, 2020 12:42 pm

Sri Lanka ranks 83 among 162 jurisdictions on Economic Freedom of World index

Sri Lanka ranks 83  out of 162 countries and territories included in the Economic Freedom of the World: 2020 Annual Report, released by Canada’s Fraser Institute in association with the Advocata Institute Sri Lanka. Hong Kong and Singapore top the index, continuing their streak as 1st and 2nd respectively. New Zealand, Switzerland, the United States,…

(0)Comments | September 18, 2020 12:26 pm

Webinar on ‘India – Sri Lanka Current Business Environment & Opportunities for Joint Collaborations for Agri & Processed Food Sector’

A webinar on “India – Sri Lanka Current Business Environment and Opportunities for Joint Collaborations for Agri and Processed Food Sector”, to promote Sri Lanka’s Agri products and Processed Foods will be held on 29th September 2020 (Tuesday) from 11.30a.m. to 1.00 p.m. The webinar is jointly organized by the Sri Lanka Consulate General in…

(0)Comments | September 18, 2020 12:23 pm

Govt. to call bids for 300MW LNG Power Plant

As a solution to the power crisis that may arise in the country in the future, it is appropriate to construct a 300 MW Liquefied Natural Gas Power Plant in Kerawalapitiya, the state information office said. Accordingly, it had been identified that it is appropriate to build and operate this power plant using Build, own, operate…

(0)Comments | September 18, 2020 9:30 am

Come forward and list your company – SEC Chairman

Chairman of the Securities and Exchange Commission of Sri Lanka (SEC), Viraj Dayaratne PC today (17) requested large companies, Small and medium-sized enterprises (SMEs), and startups to get listed in the Stock Market and raise funds. “I appeal to the large companies in Sri Lanka who have not yet listed, please come forward and list your companies…

(0)Comments | September 17, 2020 5:05 pm

We are targeting 500 listed firms for next 5 years: State Minister Cabraal

The Colombo Stock Exchange (CSE) should aim at increasing the number of listed companies from the current number of about 200 to 500 firms, State Minister for Finance, Capital Market and Public Enterprise Reforms Ajith Nivard Cabraal stated. “The digitalization will take away from you, from the brokers as well as the market players a lot of…

(0)Comments | September 17, 2020 4:22 pm

LAUGFS Terminals Complex at Hambantota International Port Celebrates 100th Ship Call

LAUGFS Terminals Ltd is celebrating today, the 100th ship call, for loading of LP Gas at its port based, all weather LP Gas Storage and Transhipment Terminal Complex located at Hambantota International Port. This facility was built and now operated by LAUGFS Terminals Ltd which is a fully owned subsidiary of LAUGFS Gas PLC.  The…

(0)Comments | September 17, 2020 3:59 pm

Sri Lanka stock market goes fully digital

Stock Market digitalization creates convenience and enhanced market accessibility for all Sri Lankans A special market opening ceremony was organized today (17) by the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) under the patronage of  Mahinda Rajapaksa, the Prime Minister of Sri Lanka to mark the Digitalization of…

(0)Comments | September 17, 2020 3:35 pm