Cinnamon Life -Sri Lanka’s most-anticipated mixed development- hosted an exclusive breakfast forum on 10 December 2019 at the Cinnamon Grand in Colombo, where prominent business leaders were made privy to insights from illustrious emerging markets investor, Dr. Mark Mobius. The invitee-only event titled ‘Emerging Markets and Sri Lanka’s Growth Trajectory’ was extremely well attended, being…
The first high powered Chinese business delegation to Sri Lanka to arrive under the new government is from the most technological and dynamic hub of China’s One Belt One Road (OBOR or BRI – Belt and Road Initiative) project. Facilitated by Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI), the high powered Chinese…
Sri Lanka should increase its tourist arrivals target to ten million a year based on current trends without just hovering around two or three million, Mark Mobius, a top emerging markets investor said. “Yesterday someone asked me about tourism here in Sri Lanka and i said “you know you people should not be doing 2…
Reuters – Sri Lankan shares closed weaker for the fourth straight session on Monday, weighed down by foreign sell-offs and profit-taking in construction shares, while the rupee ended steady. ** The benchmark stock index closed down 0.75% at 6,103.63, its lowest since Nov. 26. The bourse fell 1% last week, but is up 1.61% for…
The Government of Sri Lanka (GoSL) reduced variety of taxes substantially in an attempt to revive the economy, which could possibly cost over LKR 500 Bn according to government’s own estimates. Whilst acknowledging the potential boost to the aggregate demand and corporate profitability from the fiscal stimulus in the short-run, ICRA Lanka believes Sri Lanka…
In terms of Rule 11.3.8. (1) (c) of Stockbroker Rules of the Colombo Stock Exchange (CSE), the Board of Directors of the CSE has decided to prohibit Bartleet Religare securities (pvt.) Ltd (BMS) from carrying out purchase of securities on the Automated Trading System of the CSE on behalf of its clients and own account…
Sri Lanka has been named as the top destination, among 20 countries to visit this winter by USA Today. Sri Lanka was described as an exotic island in the Indian Ocean which seduces everyone who steps foot with its stunning unspoiled wilderness, colorful history, and flavorful cuisine. “Jetsetters looking for something off the beaten tourist…
Emerging markets guru Dr. Mark Mobius has arrived in Sri Lanka to participate in an exclusive forum hosted by Cinnamon Life. The latest in a series of high-profile engagements by Cinnamon Life, the interactive forum is set to take place on 10 December, during which Dr. Mobius will share his thoughts on Sri Lanka’s growth potential, share key…
Tokyo Cement Group announces that they will directly pass on the benefit of the recently announced Tax Reduction by the Government, to all their customers. Tokyo Cement Group, the country’s largest manufacturer and supplier of cement, made this announcement following the government’s decision to remove the Nation Building Tax (NBT) and reduce the Value Added…
Sri Lanka’s multi-billion US Dollar project, Port City Colombo is now open for business. Five years into its making, the reclamation of land is complete, and the project company is directing their energy towards making it commercially viable. The new city is positioned not only as an immense draw for Colombo’s Central Business District but…
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