The Exporters’ Association of Sri Lanka (EASL) urged all government institutions to execute and fulfill all possible trade facilitation initiatives paving way to create ease of doing business and moving forward towards a national single window. Addressing the 22nd annual meeting of the Exporters’ Association of Sri Lanka, Chrisso De Mel, the newly elected chairman…
A first in the retail industry, Keells makes a commitment to embark on a journey to reduce single use plastics in-store. Keells plans to reduce by 50% single use plastic bags and store single use packaging for fresh food by 2025. Measures already rolled out include paper straws at juice bars, compostable bags at the…
(Reuters) – Sri Lankan shares hit their highest close in six months on Monday, led by a rally in banks and diversified stocks along with healthy purchases by domestic investors. The rupee ended weaker due to importer dollar demand. ** The country’s benchmark stock index jumped for a fifth straight session to end 2.08% up…
The two main indices of the Colombo Stock Exchange (CSE) rose sharply today (29). The All Share Price Index (ASPI) closed at 5,995.20 showing a 2.08% or 122.31 points increase and the S&P SL20 index gained 4.28% or 125.34 points to 3,050.82. Meanwhile, The Market turnover was Rs. 1.81 billion.
Lanka IOC a unit of Indian Oil Corporation reported a loss of 239.18 million rupees for the June 2019 quarter, reversing from a profit of 246.86 million rupees a year earlier. In the March 2019 quarter LIOC reported a profit of 937 million rupees. Revenues fell from Rs.19.11 billion to 18.46 billion rupees in the…
The Colombo Rubber traders’ association (CRTA) celebrated its 100th Annual General Meeting (AGM) in Colombo recently. Speaking during the event, managing director of global rubber industries (Pvt) Ltd Prabhash Subasinghe emphasized upon the activities that needs to be implemented in order to make Sri Lanka rubber industry a $3 billion industry by 2025. “The turnover…
Sri Lanka Customs is ready to accept online documentation and e-signatures and is committed to reducing time and costs related to cross border trade, despite constant pressure to squeeze more taxes from the border. The Customs Department is ready to accept online customs declaration forms and related documents and will recognise e-signatures. Online document processing…
Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) announced that SBI Ven Holdings (Pte) Limited, the overseas private equity firm of SBI Holdings Inc., has invested USD 2 millionin Sunshine Energy (Pvt) Ltd (SEL) to propel Sunshine Holdings’ renewable energy production projects further. The strategic investment offers SBI Ven Holdings a 30% stake in Sunshine Energy…
Addressing a forum in Colombo (25) Laugfs Holdings Chairman W.K.H. Wegapitiya noted that as a country Sri Lanka must try to encourage entrepreneurialism in order to achieve economic prosperity. “As per the third quarter 2018 statistics the economically active population of this country is about 8.4 million. 7.8 Economically inactive. Out of this 8.4 million,…
President Maithripala Sirisena says Sri Lanka is very keen to expand defence cooperation with Japan. He said this when Japanese State Minister of Defence, Kenji Harada called on him at the President’s Official Residence in Colombo today (July 26). The President said that as both countries are interested in maritime security, Japan and Sri Lanka…
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