A team of senior representatives from the MarCom Collective and Ernst & Young Sri Lanka met with Ajith Nivard Cabraal, State Minister for Money and Capital Market and State Enterprise Reforms, recently. This meeting was the latest in the Collective’s ongoing engagements with stakeholders in the government and the industry to apprise them of the…
Sri Lankan apparel manufacturer Brandix issuing another official statement today (07) affirms that no foreign party –Indian or otherwise– had access to their Minuwagoda facility. It further says that their Minuwangoda facility does not use any fabric from India nor has it taken in any orders from their facility in India. The full statement issued by…
Due to the prevailing Coronavirus ( COVID-19) pandemic situation in the country, the Inland Revenue Department (IRD) will be closed for the general public from 07 October 2020 until further notice, Commissioner General of Inland Revenue, Nadun Guruge stated. Issuing a statement, Guruge further noted that all required services for the general public could be…
Sri Lanka Tourism Development Authority (SLTDA) and Australia’s Market Development Facility (MDF) have joined hands to develop a research roadmap to facilitate Sri Lanka’s position as Asia’s foremost tourism destination. The roadmap will pave the way for better understanding of the visitors who come to Sri Lanka and assist the public and private sectors in…
Sri Lanka is making a compensation claim of Rs.1.6 billion from those responsible for importing 263 containers of hazardous waste from the United Kingdom, the Ministry of Environment stated. Issuing a statement the Ministry stated that the claim is being made through the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and…
Minister of Trade, Dr. Bandula Gunawardena visited the LAUGFS Corporation (Rubber) Plant in Horana yesterday (6). The minister was welcomed by the Group Chairman of LAUGFS Holdings Limited, W. K. H. Wegapitiya, Group Deputy Chairman, Thilak De Silva and Group Managing Director/GCEO, Piyadasa Kudabalage. Sri Lanka has been able to become a significant player among…
One of the largest foreign investments into Sri Lanka since the start of the COVID-19 pandemic First post-pandemic equity placement by the IFC First private placement by Commercial Bank The Commercial Bank of Ceylon has announced the completion of all formalities relating to the private placement of shares with the International Finance Corporation (IFC) and…
Nawaloka Construction has been awarded a Rs. 2.37 billion contract to construct the first phase of the import air cargo terminal at the Bandaranaike International Airport (BIA). Cabinet approval has been granted on 7 May 2019 to initiate the procurement process for the construction of the first phase of an Import Air-Cargo Terminal at BIA, the state information…
The Sri Lankan Retailers Association, the apex body for organised retailing in Sri Lanka, with a view to uplift the industry post COVID, carried out a series of expert webinars on the topic of “Recovering Sales and Profitability After the COVID Pandemic”. The series was facilitated in partnership with Upskill People UK, who provide effective…
Sri Lanka – USA Business Council (SLUSABC) which functions under the aegis of the Ceylon Chamber of Commerce held its 04th Annual General Meeting on 17th September 2020, re-electing Dr. Asanka Ratnayake, Director, Hayleys Advantis Ltd as the President of the SLUSABC for 2020/2021 Her Excellency Alaina B. Teplitz, the Ambassador of the United States…
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