The Sri Lanka Association of Software and Services Companies (SLASSCOM) and the Norwegian Ministry of Foreign Affairs entered into a two-year agreement to foster collaboration in the ICT industry. The newly appointed Norwegian Ambassador to Sri Lanka, H.E. Trine Jøranli Eskedal and Mr. Ranil Rajapakse, Chairman SLASSCOM signed the agreement. The Norwegian Ambassador H.E….
(Reuters) – Sri Lankan shares fell to their lowest close in nearly two weeks on Monday, as investors waited for more clarity after the main opposition party named a hard-line former defence chief as its presidential candidate, to capitalise on public clamour for a decisive leader. ** The benchmark stock index ended down 0.43% at…
A stimulating discussion on how to harness technology to boost economies will take place at the Sri Lanka Economic Summit (SLES) 2019. The discussion will be led by two eminent experts in the field, Mr. Sanjay Jain, Partner at Bharat Innovation Fund & Chief Innovation Officer at CIIE, IIMA, and Mr Jan Metzger, Head of…
Different government agendas and policies have significantly influenced the motor industry , Chairman of Ideal Motors, Nalin Welgama said whilst addressing the Indian media during the inaugural ceremony of the Mahindra automotive assembly plant in Welipenna. “Sri Lanka’s car market is entirely policy driven. This is the problem we have. Each government has their own agendas…
Canadian YouTubers Luke Martin and Sabrina Davidson of Chopstick Travel are currently in Sri Lanka to promote tourism for the island, working directly with the Sri Lanka Tourism Promotion Bureau. An exciting opportunity for the tourism sector of Sri Lanka, Chopstick Travel boasts over 500,000 thousand globally diverse subscribers, over 92 million views on their…
Sri Lankan authorities should take effective and immediate action to crack down toddy mafia, instead of continuously turning a blind eye, a top industry official said. “We could observe that the legal alcohol industry is shrinking due to the increase in the illegal production of liquor. Government taxes were increased on two occasions during…
Manufacturing activities expanded further at a higher ratein July 2019,recordingan index value of 55.7 which is an increase of 1.8 index points, compared to June 2019. This expansion in manufacturing PMI is mainly attributable to the significant increase in New Orders and subsequent increase in Production, especially, in manufacturing of food & beverages sector. The…
The premier economic forum, the Sri Lanka Economic Summit (SLES) 2019 will discuss the global economy in the morning session of Day 01. In a session focused on the Global Dynamics in the next Decade, the current discourse in the global environment will be discussed. These mostly centre on trade wars, Brexit, and the next…
Collaborates with Ideal Motors, commits towards built in Sri Lanka products and competencies Mahindra & Mahindra Ltd., a part of the US$ 20.7 billion Mahindra Group, Saturday (17) expanded its global footprint with the inauguration of its local automotive assembly plant at Welipenna, near Colombo, Sri Lanka. Christened Mahindra Ideal Lanka Pvt Ltd this…
Reuters – Sri Lankan shares on Friday hit their lowest close in a week as investors remained on the sidelines and sought more clarity after the main opposition party, seeking to capitalise on public clamour for a decisive leader, named a hardline former defence chief as presidential candidate. ** The benchmark stock index ended down…
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