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Truly Global – MAS is now operational in the Americas

South Asia apparel conglomerate, MAS Holdings, recently took a significant step as it sealed its commitment to become the first Sri Lankan apparel group to commence manufacturing in the United States. MAS Holdings will achieve this through the acquisition of the business operations of Acme McCrary Corporation, which is established in North Carolina. Its Western…

(0)Comments | April 28, 2017 3:27 pm

Expectation On Ability To Save Decreses With Rise Of Inflation

Upward Trend In Expectation For Reduction Of Corruption    Perceived Economic Opportunity PEO: February, 2017   This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a sample of 400 men and women in February 2017 covering all districts in Sri Lanka on their expectations of…

(0)Comments | April 28, 2017 10:09 am

Sri Lankan Exporters Delegation At SIAL 2017 Canada

The High Commission of Canada is pleased to announce the participation of 10 small and medium sized exporters to the international food and beverage trade show SIAL Canada 2017 to be held from 2 to 4 May in Toronto, Canada. In addition to the trade show, these companies will also be participating in a business…

(0)Comments | April 28, 2017 9:51 am

Sri Lankan shares hit near 7-mth closing high on foreign buying

Reuters – Sri Lankan shares closed at a near seven-month high in heavy trading on Thursday as foreign buying for 25 sessions in a row took net inflows into equities to 13.1 billion rupees ($86.1 million) and boosted sentiment. Foreign investors bought shares worth 810 million rupees on a net basis in the session, bringing…

(0)Comments | April 28, 2017 9:42 am

Joyful Sri Lanka unleashes R100 Mn for historic Madrid Accession

No less than Rs 100 million has been unleashed for Sri Lanka’s historic accession to the Madrid Protocol, slated to complete by the end of this year. Sri Lanka’s accession to the Madrid Protocol is the biggest milestone in its Intellectual property history so far-and it has been clinched at a record-breaking short period of two years from the time the…

(0)Comments | April 28, 2017 8:46 am

Sri Lanka confident of regaining key EU trade concessions

Xinhua – Sri Lanka on Wednesday said it was confident of regaining key EU trade concessions known as the GSP plus despite concerns raised by a few members of the European Parliament. Deputy Foreign Minister Harsha De Silva in a statement said he had met with several members of the European Parliament on issues related…

(0)Comments | April 27, 2017 9:45 am

Sri Lankan shares end higher as foreign investors pick blue chips

Reuters – Sri Lankan shares closed higher on Wednesday after two straight sessions of losses as foreign investors actively bought into blue chips, with the net stock buys touching nearly 15 billion rupees so far in the year. Foreign investors bought shares for a 24th straight session, buying a net 318.6 million rupees ($2.10 million)…

(0)Comments | April 27, 2017 9:14 am

Seylan Bank reports Commendable Performance in 1Q 2017 recording Profit-After-Tax of Rs. 866 million, 20% Year on Year Growth

Seylan Bank made a steady start in 2017 by posting impressive results for Q1 with a Profit after Tax of Rs. 866 Million in the backdrop of uncertain market conditions.   The Bank increased its Net Interest Income and recorded a robust growth of 20.97% in spite of the mounting pressure on the margins due…

(0)Comments | April 27, 2017 9:12 am

The Annual Report of the Central Bank of Sri Lanka for the Year 2016

In terms of Section 35 of the Monetary Law Act No. 58 of 1949, the sixty seventh Annual Report of the Monetary Board of the Central Bank of Sri Lanka was presented to Hon. Ravi Karunanayake, the Minister of Finance, by Dr. Indrajit Coomaraswamy, the Governor of the Central Bank of Sri Lanka. A summary…

(0)Comments | April 27, 2017 9:04 am

Sri Lanka – Russia Business Council discusses the progress of the recent business visit made to Russia

Sri Lanka – Russia Business Council of The Ceylon Chamber of Commerce organized a get – Together recently to discuss the progress made during the recent visit, the Council members made to Russia, as a part of the Presidential Delegation to Russia.   The Sri Lankan Ambassador in Russia His Excellency Dr. Saman Weerasinghe took…

(0)Comments | April 26, 2017 3:48 pm