In furtherance of the Embassy’s commercial engagements to obtain export orders to Jordan for Sri Lankan companies, Ambassador Shanika Dissanayake introduced the fitness products of Textrip (Pvt) Ltd and Elasto Group of Companies to a well known Jordanian fitness and wellness studio entrepreneur to secure a foothold for value added sports products made out of…
Brandix has detected that an apparel worker in its manufacturing facility in Minuwangoda is COVID-19 positive. The rigorous protocol implemented across Brandix, and the immediate response and support received from the PHI and relevant health authorities of Sri Lanka enabled the early detection of the patient, ensuring her timely transfer to IDH for immediate treatment…
On 02 October 2020, the Central Bank of Sri Lanka successfully completed the settlement of the maturing International Sovereign Bond of US dollars 1 billion along with the due coupon payments, on behalf of the Government of Sri Lanka. This settlement reconfirms the Government’s unwavering commitment to honour its foreign liabilities, thereby bolstering investor confidence…
The benchmark all share price index (ASPI) of the Colombo Stock Exchange (CSE) recorded significant gains outperforming all other main indexes around the globe during the month of September. The ASPI gained 12% in September and in value terms by Rs. 279.6 billion. The S&P SL20 index, which features the CSE’s 20 largest and most…
Total investment of USD 18.5 million EU-GMP compliant plant eyes Exports Morison PLC, the largest oral solid dosage pharmaceutical manufacturer in Sri Lanka and a subsidiary of Hemas Holdings PLC, ceremonially opened their new state-of-the-art manufacturing plant and research & development facility in the presence of Honourable Prime Minister Mahinda Rajapaksa on the 02nd of…
Says it has presented facts to President in expectation of pragmatic solution to oil palm ban Projects significant saving in foreign exchange outflow for imported palm oil, if local production allowed to grow Business leaders pledged to continue their advocacy, in the national interest, on behalf of Sri Lanka’s beleaguered palm oil industry with the…
Sri Lanka Telecom (SLT) and Mobitel partnered with ‘Manusath Derana’ to help transform 25 decommissioned Sri Lanka Transport Board (SLTB) buses into modern and fully equipped libraries. These library buses will contain reading facilities, WiFi connectivity and other such support systems ready to enable children to connect with the information world. These libraries will act…
Headline inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100)1 marginally decreased to 4.0% in September 2020 from 4.1% in August 2020. This was driven by the statistical effect of the high base prevailed in September 2019. Food inflation (Y-o-Y) decreased to 11.5% in September 2020 from 12.3%…
State Minister for Finance, Capital Market, and State Enterprise Reforms Ajith Nivard Cabraal requested foreign investors not to be dissuaded by the recent unwarranted rating downgrade and the erroneous analysis published recklessly by Moody’s Investors Service, but to be guided by improving economic conditions. “Foreign investors, we are advising them not to be dissuaded by the recent…
The Colombo Stock Exchange (CSE) has demonstrated noteworthy performance recording consistent gains in the All Share Price Index of 31% and S & P Index of 27% since reopening on 11th May 2020. Sri Lanka is one of the markets that has recovered the fastest from the impact of the Coronavirus pandemic in comparison to…
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