The Sri Lanka – Greater Mekong Business Council (SLGMBC) of the Ceylon Chamber of Commerce, organized a successful Business Promotion Mission to Myanmar, recently. The delegates met with the Ambassador of Sri Lanka in Myanmar and attended the Yangon Investment Forum organized by the Yangon Regional Government. The Council together with PricewaterhouseCoopers (PWC) Myanmar organized…
The Central Bank yesterday stated that Sri Lanka’s growth forecast for 2019 has been downgraded to 3% from 4% earlier in the year. “As you know, growth was projected to be 4% at the beginning of the year, and after the Easter bombings we have revised it down to about 3%. I’ve seen some projections…
Sri Lanka has been ranked as the ‘World’s Best Island ‘at the influential Travel + Leisure magazine’s World’s Best Awards scheme, determined according to a readers’ survey. The publication ranked destinations and companies spanning more than 90 categories, including everything from the best city in the world to best domestic airline to best regional resort…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 11 July 2019, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 7.50 per cent and 8.50 per cent, respectively. The Board arrived at this decision following…
(Reuters) – Sri Lankan shares rose for the third straight session on Thursday to a 12-week closing high, as investors bought diversified and telecom stocks ahead of a key policy rates announcement later in the day. ** Sri Lanka’s central bank is expected to leave its key interest rates unchanged on Thursday, a Reuters poll…
Chairman of Sri Lanka Tourism Promotion Bureau Kishu Gomes says that Sri Lanka is experiencing new record of tourist arrivals. “The average tourist arrival in May was 1200 but by June we managed to take the numbers up to 2200. If you look at the rate of recovery it is about 66% month on month…
The Ministry of Finance announced that fuel prices had been reduced with effect from midnight yesterday. Accordingly, the price of a litre of Petrol (Octane 92) has been reduced by Rs.2 and the revised price will be Rs.136.The price of a litre of Petrol (Octane 95) has been reduced by Rs.5 and will be sold…
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…
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