For over a century, Galle Face has been Colombo’s prestigious ocean front green and the city’s ceremonial centre. Sitting majestically between the ocean, bustling metropolis and lake, this narrow, picturesque stretch of prime land is being transformed into a vibrant new cosmopolitan area. Today, with luxury property after luxury property appearing in this central zone…
Says expects beneficial impact on operating costs in public transport and carriage of goods CEAT Kelani Holdings, which manufactures nearly half of Sri Lanka’s pneumatic tyre requirements, has announced that it has already begun passing on the full benefit of the recent tax reductions to its customers. While every segment of tyre users would benefit…
‘Govt’s decision encourages local cultivators & SMEs’-COSMI’s Rajabdeen “More than half of Sri Lanka agricultural exports are spices & allied products 2018 spice exports at US $ 361 Mn Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI) hailed the government’s December 5 decision to block the re-export of minor export crops. COSMI President…
Telenor (TEL.OL) reiterated on Sunday Huawei would be involved in building Norway’s 5G network along with Ericsson (ERICb.ST), one of several companies to continue working with the Chinese company despite U.S. pressure. Still, on Friday, the head of Telenor Norway, Petter-Boerre Furberg, told Reuters that the operator would gradually phase out the use of Huawei…
Founder of Softlogic Group, Ashok Pathirage, known conqueror in the business world, has been appointed as the new Chairman of the Sri Lankan Airlines. With a visionary outlook, Ashok Pathirage, provides strategic leadership to Softlogic holdings PLC whose turnover is nearly Rs.30 Bn. Six other entities under his Chairmanship are listed on the Colombo Stock…
According to the latest external trade data released by the Central Bank, country’s trade deficit had contracted in October 2019 (year-on-year), with the decline in expenditure on imports and a marginal decline in earnings from exports. The deficit in the trade account contracted in October 2019 to US dollars 838 million, from US dollars 903…
Advantis Bunkering, the bunker supply arm of transportation and logistics giant Hayleys Advantis Limited, has commenced offering IMO2020 grade Very Low Sulfur Fuel Oil (VLSFO) in Sri Lanka, becoming the first Sri Lankan company to offer this new grade of fuel. The first cargo parcel of VLSFO arrived in Colombo from the UAE on 9th…
— Securities Clearing Corporation of the Philippines (SCCP) selects LSEG Technology to power a next generation post trade environment — LSEG Technology’s first engagement with the Philippine equity capital market — LSEG Technology delivers innovative technology solutions to over 40 capital markets organisations globally LSEG Technology today announced that Securities Clearing Corporation of the Philippines…
Lanka Tiles Plc is to invest Rs. 200 million as part of a key strategy to export porcelain mosaic tiles with foreign collaboration. It has entered into a tripartite agreement with Foshan Shiwan Yulong Ceramic Ltd. of China and Benjamin Malloy of Dallas, Texas in the US for this purpose. With the technical assistance of…
The Government’s new National policy Framework Vistas of Prosperity and Splendour has been released to the Internet via Treasury website www.treasury.gov.lk. This is aimed at achieving the fourfold outcome of being a productive citizen, a contented family, a virtuous, disciplined and just society and a prosperous nation. Accordingly,it is mandatory for all Government Ministries, Departments,…
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