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Sri Lanka confident of regaining key EU trade concessions

Xinhua – Sri Lanka on Wednesday said it was confident of regaining key EU trade concessions known as the GSP plus despite concerns raised by a few members of the European Parliament. Deputy Foreign Minister Harsha De Silva in a statement said he had met with several members of the European Parliament on issues related…

(0)Comments | April 27, 2017 9:45 am

Sri Lankan shares end higher as foreign investors pick blue chips

Reuters – Sri Lankan shares closed higher on Wednesday after two straight sessions of losses as foreign investors actively bought into blue chips, with the net stock buys touching nearly 15 billion rupees so far in the year. Foreign investors bought shares for a 24th straight session, buying a net 318.6 million rupees ($2.10 million)…

(0)Comments | April 27, 2017 9:14 am

Seylan Bank reports Commendable Performance in 1Q 2017 recording Profit-After-Tax of Rs. 866 million, 20% Year on Year Growth

Seylan Bank made a steady start in 2017 by posting impressive results for Q1 with a Profit after Tax of Rs. 866 Million in the backdrop of uncertain market conditions.   The Bank increased its Net Interest Income and recorded a robust growth of 20.97% in spite of the mounting pressure on the margins due…

(0)Comments | April 27, 2017 9:12 am

The Annual Report of the Central Bank of Sri Lanka for the Year 2016

In terms of Section 35 of the Monetary Law Act No. 58 of 1949, the sixty seventh Annual Report of the Monetary Board of the Central Bank of Sri Lanka was presented to Hon. Ravi Karunanayake, the Minister of Finance, by Dr. Indrajit Coomaraswamy, the Governor of the Central Bank of Sri Lanka. A summary…

(0)Comments | April 27, 2017 9:04 am

Sri Lanka – Russia Business Council discusses the progress of the recent business visit made to Russia

Sri Lanka – Russia Business Council of The Ceylon Chamber of Commerce organized a get – Together recently to discuss the progress made during the recent visit, the Council members made to Russia, as a part of the Presidential Delegation to Russia.   The Sri Lankan Ambassador in Russia His Excellency Dr. Saman Weerasinghe took…

(0)Comments | April 26, 2017 3:48 pm

Change of flight timings due to closure of Indian airspace for an experimental flight

Due to an experimental flight launch by India and closure of the Indian airspace on the 27th of April, the arrival and departure timings of the following SriLankan Airlines flights will be changed. Passengers are kindly advised to contact their Travel Agent, nearest SriLankan Airlines Office or the SriLankan Airlines Global Contact Center on 0094197331979…

(0)Comments | April 26, 2017 11:13 am

Sri Lankan shares edge down on profit taking, foreign-buying caps fall

Reuters – Sri Lankan shares edged down for a second day on Tuesday as investors took profit after steady gains that lifted the index to a six-and-a-half-month high last week, although foreign buying for a twenty-third straight session capped the decline. The Colombo stock index ended 0.2 percent weaker at 6,492.77, moving further away from…

(0)Comments | April 26, 2017 10:03 am

Belluna Co. Ltd, Japan and Asia Capital PLC Embark on a USD 54 Million, Four Star Hotel Joint Venture

Belluna Co. Ltd, Japan and Asia Capital PLC celebrated the groundbreaking ceremony of their joint venture on a USD 54 Million (over Sri Lankan Rupees 8.2 Billion), four-star hotel project in the heart of Colombo 03 on Marine Drive, further strengthening the partnership between the two companies. Among those present at the event held on…

(0)Comments | April 26, 2017 9:28 am

First Colombo session on historic WTO agreement opens today

Sri Lanka’s first ever country session for its exporters on the historic WTO Trade Facilitation Agreement (TFA) will commence in Colombo on Wednesday 26 February. Vice President Global Alliance for Trade Facilitation Donia Hammami, Global Alliance for Trade Facilitation’s Trade Expert & Senior Advisor, Eric Miller are now in Colombo to address the session joined…

(0)Comments | April 25, 2017 5:35 pm

Shangri-La Hotels And Resorts Reveals Extensive Asian Expansion At Arabian Travel Market

New properties to include Shangri-La Hotel, Colombo, the most anticipated luxury hotel opening in Colombo for 35 years, and the eagerly awaited re-opening of the Tower Wing at Shangri-La Hotel, Singapore Shangri-La Hotels and Resorts, the Hong Kong-based luxury hotel operator, revealed details today about its exciting pipeline of new luxury properties across the Indian…

(0)Comments | April 25, 2017 12:26 pm

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