The economic growth rate for the first quarter of 2017 has been estimated as 3.8 percent, Department of Census and Statistics (DCS) said. The Gross Domestic Product (GDP) at constant (2010) prices for the first quarter of 2017 recorded as Rs. 2,161,770 million, and GDP reported for first quarter of 2016 was Rs. 2,082,544 million….
The Index of Industrial Production (IIP) has increased by 1.8% in April, 2017 compared to the same month of 2016, Director General of DCS, Dr. A.J. Satharasinghe said. Among the manufacturing industries;Volume of products of ‘Furniture’ (27.8%), ‘Other non-metallic mineral products’ (10.4%) and‘Fabricated Metal Product’(10.2%)have shown remarkable increases in April, 2017 compared to that of…
Reuters – Sri Lankan shares rose on Thursday to hit a near three-week closing high as heavyweights John Keells Holdings Plc and Commercial Bank of Ceylon Plc gained. The Colombo stock index ended 0.4 percent higher at 6,694.64, its highest close since May 26. “We see encouraging signs with increased foreign participation,” said Hussain Gani,…
Contrary to inaccurate reports in the press, the management of SriLankan Airlines would like to point out that since the Unity government was formed, the airline’s losses have been dramatically reduced. The table below clearly shows this: LKR 91.8 Billion in losses between 2011 & 2015 reduced to a fraction of this colossal number by…
Reuters – Sri Lankan shares on Wednesday bounced from their five-week closing low hit in the previous session, led by gains in conglomerate John Keells Holdings Plc and with foreign investors buying into the island nation’s risky assets. The Colombo stock index ended 0.32 percent firmer at 6,669.73, edging up from its lowest close since…
Minister of Labour, Trade Union Relations and Sabaragamu Development W.D.J. Seneviratne said that ‘Sri Lanka will make every endeavor to be an active partner of the ILO in achieving the anticipated goals of the green initiative”. The Minister encouraged the ILO to provide a platform for effective global dialogue, to facilitate technology transfer from developed…
The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2017 mid-year index rebalance. A revision of the S&P SL 20 methodology in March 2017 established the practice of a semiannual rebalance of the index (previously conducted annually), which is…
Comprehensive insights indicate increasing role of Realty in the Sri Lankan growth story Key Findings: Sri Lanka debut ranking of 69 on JLL’s Global Real Estate Transparency Index Colombo office market comprises nearly 1 million square feet of Grade A stock at 95% occupancy Increased demand for residential property from wealthy and middle classes. Growing…
By laying the foundation for one of the biggest and most modern battery factories, Daimler AG is setting new standards in the international automotive industry, thereby taking the next strategic step in its electric offensive. At the wholly-owned subsidiary ACCUMOTIVE in Kamenz, the second factory for lithium-ion batteries is built with an investment of around…
New services to Hyderabad, Visakhapatnam and Coimbatore SriLankan Airlines will further strengthen its position as the largest foreign carrier into India with the launch of services to three more cities – Hyderabad, Visakhapatnam and Coimbatore – in July 2017, increasing to 14 the number of cities in the vast Indian market. Accordingly services to…
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