Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) embarked on a progressive national digital initiative by entering into a Memorandum of Understanding with the Commissioner-General, Department for Registration of Persons (DRP). This will enable the CSE and the Central Depository Systems (CDS) to obtain digital verification of the National…
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased marginally to 6.2% in August 2020 from 6.1% in July 2020. This was driven by the monthly increases in prices of items in both Food and Non-food categories. Meanwhile, Food inflation (Y-oY) increased to 13.2% in August…
The Board of Investment (BOI) of Sri Lanka signed an agreement with Indra Hotels and Resorts Kandy (Pvt) Ltd. to build a 160-room, three-star, lean luxury hotel in Kandy. The entity is a joint venture between John Keells Hotels PLC and Indra Traders Ltd. The agreement was signed on behalf of the BOI by Susantha…
The listed equities portfolio of the Employees’ Provident Fund (EPF), a superannuation fund of private sector worker savings, had increased by Rs.8.61 billion, by the end of June quarter 2020. The EPF had invested Rs.53.85 billion in listed equities, at the end of June quarter 2020. This stood at Rs.44.97 billion at the end of…
Sri Lanka is looking at travel bubbles with the UK, Singapore and China, SriLankan Airlines Chairman Ashok Pathirage stated. “We have thought about travel bubbles between the UK and Sri Lanka and probably Singapore and Sri Lanka. Because there is a lot of travel happening between the UK, Singapore, and also China. So, these are the 3…
Company says September rubber purchases alone will generate revenue of Rs 150 million for producers Increased production to meet local demand has enabled CEAT Kelani Holdings to increase its monthly purchases of natural rubber in the domestic market by as much as 35 per cent by September, the country’s leading tyre manufacturer has disclosed. The…
Raddella Holdings introduce yet another revolutionary first with the launch of Sri Lanka’s first and only biotech insulin manufacturing plant. The recently concluded groundbreaking ceremony was held on the 18th of September 2020, at the Koggala Export Processing Zone. The landmark event was attended by a host of dignitaries and guests including the State Minister…
The Beijing Swift – By Prof. Samitha Hettige © China State Construction Engineering Corporation (CSCEC) published a sustainable development report for Sri Lanka recently. The report is titled “Witness Happiness” and was launched online simultaneously from Colombo and Beijing. The report mainly highlights CSCEC’s practices in Sri Lanka and mainly contains official data of the…
Rate increase of 4.9 %, effective January 1, 2021 Surcharge for Overweight Pieces and Non-Stackable Pallets will be adjusted to USD 95 per piece and USD 195 per pallet DHL Express, the world’s leading international express service provider, announced a price increase today that will take effect on January 1, 2021. The increase in Sri…
Registration of Suppliers, Vendors, Service Providers and Contractors for e-GP System (promise.lk) The Government of Sri Lanka is inviting supplier community to register with Electronic Government Procurement System (e-GP System) who wish to supply goods, works and consultancy and non-consultancy services to the Government. This system has been developed with all the essential modules such…
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