As the landmark global Information Technology Agreement (ITA) completes its 20th anniversary, Sri Lanka is to catch its first glimpse of the ITA in Colombo today July 12. Two high level representatives from the World Trade Organisation (WTO) have arrived in Colombo especially to give a first-hand briefing to surging Lankan IT sector and firms,…
Campbell-Hill report shows airline also supported more than 104,000 American jobs in 2015 Emirates supported more than 104,000 American jobs and contributed US$21.3 billion in revenue to the U.S. economy, including US$10.5 billion to the country’s gross domestic product (GDP) and US$6.4 billion of labor income in 2015*, according to a study conducted by Campbell-Hill…
For facilitating “the Belt and Road” cooperation, advancing economic and trade cooperation with countries along “the Belt and Road”, intensively displaying competitive industries and featured commodities in Guangxi, as well as promoting economic and trade cooperation between Guangxi and Sri Lanka, the Department of Commerce of Guangxi Zhuang Autonomous Region will hold the “2017 China…
Reuters – Sri Lankan stocks rose on Monday to reach an 18-month closing high led by telecom and diversified shares, but volume was thin as foreign trading low. Domestic investors, however, cautiously acquired shares amid concern over a proposed tax bill. The day’s turnover was 427.9 million rupees, less than half of this year’s daily…
Sri Lanka’s biggest heavy vehicle supplier brand has finally completed its expansion efforts and stamped its countrywide presence on 9 July. “Ashok Leyland is the fourth largest manufacturer of buses in the world” said Minister of Industry and Commerce Rishad Bathiudeen in Sammanthurai. Minister Bathiudeen, joined by Chairman of LAL Dr Shiraz Mira Sahib and…
The Sri Lanka Economic Summit 2017 organized by the Ceylon Chamber of Commerce will conduct a dedicated thematic session to discuss how Sri Lanka can transform its economy through the adoption of technology. The session titled ‘Transforming the Economy through Technology,’ will line up the likes of Prof. Rohan Samarjiva, founding Chair of LIRNEasia, Mr….
Having identified the need for developing the infrastructure such as rural roads, medium and small size irrigation and rural and urban water supply, the Government of Sri Lanka has decided to implement Rural Infrastructure Development Project in Emerging Regions and Kalu Ganga Water Supply Expansion Project (I). As a result of bilateral discussions, the Government…
Maliban: The Official Biscuit partner for the “Global Ceylon Tea Party” The Most Loved biscuit manufacturer with a heritage of over 65 years join hands with The Ceylon Tea Board in celebrating 150 year anniversary worldwide. Adding to this prestigious occasion, Maliban has produced an exclusive signature biscuit range in two flavors; Earl’s Grey…
Ministry of Health, Nutrition and Indigenous Medicine will sign 33 MoUs with 23 drug manufacturing companies to locally manufacture drugs for the State Pharmaceuticals Corporation of Sri Lanka. The MoUs are scheduled to be signed on 11th July in Colombo. The new factories will be set up in Horana, Kalutara, Koggala and Kandy generating nearly…
Singapore-based broadband services provider MyRepublic is gearing up for an initial public offering by the end of 2018 to fund expansion in Asia, its chief executive said on Thursday. The company has also begun moves to raise S$100 million ($72 million) from private-equity players and existing strategic investors in the next 60 to 90 days….
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