In the pursuit of its ambitious, new export target of US $ 23 Bn by next year, Sri Lanka is enlisting unprecedented international backing to advance its export standards, specifically on quality. The latest nationwide effort would see bith of National Quality Infrastructure scheme led by a National Quality Council -the first ever apex structure…
The high volumes of traffic in the Colombo port and lack of effective security checks on cargo, makes Sri Lanka an attractive trans-shipment point of Drugs, a recent report published on Eurasia Review written by Amresh Gunasingham who is an Associate Editor with the International Centre for Political Violence and Terrorism Research, a constituent unit…
Sri Lanka’s inflation had risen to 4% in the 12 months to February 2019, from 3.7% in January amid liquidity shortages in the credit system and a steep fall in the currency in the preceding six months, reports noted. The Colombo Consumer Price Index had fallen 0.5% to 126.8 points during the month of February…
Sri Lanka Cricket wishes to announce that following high level discussions with the ICC, the new Executive Committee of the SLC has successfully secured its due portion of finances from the ICC amounting to US$ 11.5 Million (over Rs: 2 Billion ) which was withheld since July 2018. The funds were released after SLC President…
The Minister of Finance Mangala Samaraweera is in deep conversation with the Treasury Secretary Dr. R.H.S. Samaratunga to make the final touches to the Budget -2019 at the Minister’s “Rainbow End” private residence at Gorakana- Panadura Sunday. Minister Mangala Samaraweera will commence the Budget Speech at 1.30 pm on Tuesday in the Parliament.
Reuters – ** Sri Lankan shares fell 1.1 percent on Friday to a more than five-year closing low, as margin calls following recent losses forced investors to sell risky assets, analysts said. ** The rupee closed firmer on dollar inflows from inward remittances and selling of the greenback by exporters. ** The IMF has agreed…
Sri Lanka’s key stock market indices including All Share Price Index (ASPI) and S&P SL 20 Index both fell by 61.98 points or 1.07% and 110.87 points or 3.72% respectively today on 1st March 2019 compared to the trading figures on 28th February 2019, recording the lowest figures in a five year history. S&P SL20 last fell…
New Delhi, India – Johnson & Johnson has resumed production of its Johnson’s Baby Powder at plants in Baddi and Mulund, India after Government sanctioned testing reaffirmed that the product does not contain asbestos. This conclusion reinforces the findings of decades of independent tests by universities, research labs and government regulators around the world that…
LogiPark International (Pvt.) Ltd. (LPI), a fully-owned subsidiary of John Keells Holdings PLC (JKH) and sister company of John Keells Logistics (Pvt.) Ltd. (JKLL), a key third Party Logistics Services Provider (LSP) in the Sri Lankan market, embarked on commissioning its flagship integrated logistics centre with the groundbreaking ceremony that was held on the 1st…
Transformative Year Sees Insurer Return to Life Roots and Lay Foundation for Future Growth Leading Sri Lankan insurer, Janashakthi Insurance PLC (Janashakthi), delivered steady growth during the period under review, registering 8% growth in First Year premiums, with Gross Written Premiums (GWP) of Rs.3 billion, along with a reported surplus transfer of Rs.395 million….
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