Malaysia – Sri Lanka Business Council of the Ceylon Chamber of Commerce (SLMBC) held its 25th year AGM and Anniversary celebrations in Colombo recently. The Chief Guest to the event was the High Commissioner of Malaysia His Excellency Tan Yang Thai. The President of the Malaysia Sri Lanka Business Chamber Dato Kulasegaran, Past Presidents, Members…
The Ceylon Chamber of Commerce will be launching the “Best Corporate Citizen Sustainability Award 2019” and “Best Sustainability Projects Awards 2019” (BCCS Award 2019) on 25 July, at the Chamber auditorium. The launch will include a briefing by an expert panel of evaluators, in which prospective applicants will be informed of the criteria and process…
The latest data from the Central Bank of Sri Lanka points out that Foreigners had gradually exited from Sri Lanka’s Government Securities (Treasury Bills and Treasury Bonds) and pulled out over Rs.3.9 billion in a week, during the period from 26 June to 3 July 2019. The value of Government Securities held by foreigners had fallen…
The number of complaints made by the foreign countries with regard to illegal fishing activities in their Exclusive Economic Zones by the registered Sri Lankan fishing boats are on the increase. At the same time, the trend in abusing fishing boats for drug trafficking, human trafficking as well as illegal transportation of goods outside the…
(Reuters) – Sri Lankan shares rose for the second straight session on Wednesday to a near 12-week closing high, as investors bought diversified stocks ahead of a key policy rates announcement later this week. ** Sri Lanka’s central bank is expected to leave its key interest rates unchanged on Thursday, a Reuters poll showed, after…
The monthly pricing formula which regulates fuel prices in Sri Lanka is to be implemented today (10). Fuel prices are reviewed every 10th day of the Month under the fuel pricing mechanism introduced in May 2018. Although fuel prices in the world market declined in June 2019, the State-run Ceylon Petroleum Corporation increased Octane 92…
Forbes – Virgin Galactic, the commercial spaceflight company founded by billionaire Richard Branson, said Tuesday it had agreed to a deal with venture capitalist Chamath Palihapitiya’s investment company that would make it the first publicly traded space tourism company. Under the terms of the deal, Social Capital Hedosophia (SCH) will invest $800 million for a…
The European Union’s (EU) Counter-Terrorism Coordinator, Mr Gilles de Kerchove, will visit Sri Lanka and the Maldives from 11-16 July 2019. The visits aim to support the two countries in their respective efforts to step up security and develop a better exchange of experiences. While in Sri Lanka, Mr. de Kerchove will meet high-level representatives…
Sri Lanka will start off again with the ‘free visa on arrival’ service, in a bid to boost tourist arrivals during the lean months said Ministry of Tourism Development, Wildlife & Christian Religious Affairs john Amaratunga. Accordingly, visa-on-arrival scheme for citizens of 39 countries will be implemented from 1 August, after the move, which was…
Waters Edge recently announced its profits for the month of June 2019, revealing that the company recorded a profit of Rs.18.5 million, despite difficulties the local tourism and hotel industries experienced after the major decline in arrivals and business due to the tragic Easter Sunday terror attacks. The company sees this as a major achievement…
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