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Sri Lanka – Pakistan urged to strengthen trade and investment with a delegation from the Lahore Chamber of Commerce & Industries

Sri Lanka Pakistan Business Council of the Ceylon Chamber of Commerce hosted recently a delegation from the Lahore Chamber of Commerce and Industry (LCCI). LCCI is the oldest and largest trade body in Pakistan with strong credentials having a large membership base standing around 20 thousand members.  LCCI’s history dates back to the early part…

(0)Comments | September 8, 2017 12:00 pm

ABAF 2017 to feature top speakers from 10 countries

Singularity University’s Dr. Clarence Tan, and other prominent industry leaders, headlining Next month’s Asian Business Angel Forum (ABAF) 2017 will feature prominent international speakers from Silicon Valley (USA), Australia, UK, Hong Kong, China, Korea, Israel, India, Malaysia, Singapore, Pakistan and Bangladesh. Sri Lanka won the chance to host this prestigious event for the first time,…

(0)Comments | September 8, 2017 11:12 am

Sri Lankan shares recover from 4-1/2-month low on foreign buying

Reuters – Sri Lankan shares on Thursday edged up from their lowest close in more than four months hit in the previous session, as foreign investors bought battered shares. The Colombo stock index ended 0.02 percent higher at 6,362.18, recovering from its lowest close since April 17 hit on Wednesday. The bourse ended 0.3 percent…

(0)Comments | September 7, 2017 11:05 pm

CEAT scales new heights with premium tyres for luxury segment

Launches new range for top European and Japanese marques like Benz, BMW, Audi & Land Cruiser Prado A year after its successful foray into the premium automobile segment in Europe, CEAT has entered the ‘big league’ in the Sri Lankan market with a range of radial tyres globally benchmarked for top nameplate marques. The launch…

(0)Comments | September 7, 2017 10:46 pm

Bangladesh calls for 2018 FTA

As Sri Lanka-Bangladesh trade continued its steady climb, a top Bangladeshi Minister has recently issued a high level call for speedier Free Trade Agreement with Sri Lanka, to conclude as early as next year. And the yet another SL-B’desh Working Group on Trade is also to take place in Colombo -anytime. “Our present bilateral trade…

(0)Comments | September 7, 2017 9:50 pm

SLRBC bids farewell to His Excellency, Alexander Karchava Ambassador of the Russian Federation

A farewell Dinner was organized by the Sri Lanka – Russia Business Council of the Ceylon Chamber of Commerce recently at the Colombo Swimming Club. The event was organized to bid farewell to His Excellency Alexander Karchava and in recognition of the tremendous services rendered during his tenure as the Patron of the Council. His…

(0)Comments | September 7, 2017 9:36 pm

Virtusa Named Most Innovative Technology Company of the Year at the 2017 American Business Awards

Also wins Awards for Cloud and Provider Lifecycle Management Platforms Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, today announced that it has been awarded three Stevie Award recognitions at the 2017 American Business Awards; a Gold award for Most Innovative Technology Company…

(0)Comments | September 7, 2017 7:40 pm

Sri Lankan shares hit 4-1/2-month closing low

Reuters – Sri Lankan shares closed at their lowest in more than four months on Wednesday, with foreign investors selling risky assets in lacklustre trade, while the daily turnover got a boost from block trades. The Colombo stock index resumed trade after a holiday, ended down 0.38 percent at 6,361.03, its lowest close since April…

(0)Comments | September 6, 2017 7:03 pm

The new 2018 Nissan Leaf offers 150 miles of EV range

Nissan unveiled its new 2018 all-electric Leaf at a special event on Tuesday (05) , and the much-anticipated successor to one of the earliest production EVs had some interesting tricks up its sleeve. Most of these focused on intelligent driver assistance features, including ProPILOT semi-autonomous driving and parking capabilities. The Leaf also had an updated…

(0)Comments | September 6, 2017 7:00 pm

Sri Lankan rupee ends lower on importer dollar demand

Reuters – The Sri Lankan rupee ended marginally weaker on Wednesday as importer dollar demand outpaced selling of the U.S. currency by exporters and banks, dealers said. The spot rupee ended at 152.55/65 per dollar, compared with Monday’s close of 152.45/55. “Today the demand (for dollar) was there and it was importer demand,” said a…

(0)Comments | September 6, 2017 6:02 pm