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World Federation of Exchanges CEO visits CSE

Making her first visit to the Colombo Stock Exchange (CSE), the Chief Executive Officer of the World Federation of Exchanges (WFE) Ms. Nandini Sukumar commended the special relationship between the two organizations and stressed on the important contribution made by the CSE to regional capital market development. Her visit aims to further strengthen the relationship…

(0)Comments | September 19, 2017 2:33 pm

‘UN Sustainable Development Goals,’ a key criteria for this year’s evaluation at the Best Corporate Citizen Sustainability Award 2017

‘Best Corporate Citizen Sustainability Award 2017’ will take into consideration the sustainable work done by local firms in line with the 17 UN Sustainable Development Goals, when evaluating applications forwarded by companies for this year’s competition. Accordingly, the competition will focus on what the competitors have done in order to contribute to the UN Sustainable…

(0)Comments | September 19, 2017 2:21 pm

SL Economy Grew by 4% in the 2nd Q. 2017

The Department of Census and Statistics (DCS) Sri Lanka, has released the estimated Gross Domestic Product at current prices and at constant (2010) prices in Production approach and other macroeconomic indicators for the second quarter of 2017. Issuing a communiqué, on releasing National Accounts Estimates for the second quarter of 2017, the DCS states that…

(0)Comments | September 19, 2017 1:01 pm

Sri Lanka unleashes support for world class porcelain, red clay & glass layers

Sri Lanka has begun boosting its world class porcelain, glass and red-clay industry segments with a host of new initiatives -and has also realised that the red-clay sector that is now surging as a result of next year’s Asbestos ban, packs considerable promise for the economy. “Sri Lanka’s clay and quartz are of high quality…

(0)Comments | September 19, 2017 12:57 pm

Ceylon Chamber Statement on Passing of the new Inland Revenue Bill

The Ceylon Chamber of Commerce congratulates the Ministry of Finance on the successful passing in Parliament of a new Inland Revenue Bill that aims to modernize and streamline Sri Lanka’s income tax system. We are particularly encouraged by the recent decision to change the implementation date of the Act to 1st April 2018 – a…

(0)Comments | September 19, 2017 10:52 am

Sri Lankan shares hit 3-week closing high as blue chips gain

Reuters – Sri Lankan shares rose for a third straight session on Monday and ended at a three-week closing high as investors picked up diversified and telecom shares, brokers said. The Colombo stock index ended 0.12 percent firmer at 6,409.65, its highest close since Aug.28. The bourse rose 0.4 percent last week, ending an eight-week…

(0)Comments | September 18, 2017 5:49 pm

Remarkable time for Sri Lanka as a hub says US

The US has stressed that there shall be no major change in its trade policy towards Sri Lanka in the aftermath of its new administration -and hinted on stronger economic relations in future based on the bedrock US-Sri Lanka Trade & Investment Framework Agreement (TIFA) inked in Washington in 2002, to which Colombo consented readily…

(0)Comments | September 18, 2017 3:48 pm

Village Heartbeat Empowerment Centre opened in Oddusudan

SriLankan Airlines and Foundation of Goodness join hands to uplift rural communities In keeping with its theme of Child Empowerment and improving quality of life in rural communities, the 8th Village Heartbeat Empowerment Centre was declared open in Oddusuddan in the Mullaitivu District last Friday (1st September), a joint project of SriLankan Airlines and the…

(0)Comments | September 18, 2017 3:45 pm

President, PM grace BOI anniversary celebration

The 40th anniversary celebration of the Board of Investment of Sri Lanka was held under the patronage of President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe at the Katunayake Export Processing Zone on Friday (15th Sept.). The President and the PM unveiled a replica of former President J.R. Jayawardena at the Export Processing Zone. The…

(0)Comments | September 18, 2017 10:27 am

Advantis Projects Leverages Expertise to Improve National Transport Infrastructure

Transportation has always played an important role in the prosperity of a nation. As Sri Lanka takes its first steps onto the world stage with a focus on ambitious economic goals, a solid transportation infrastructure will continue to be key. An improved transportation infrastructure allows for the easy movement of goods, provides people with greater…

(0)Comments | September 17, 2017 11:25 pm