Chinese Envoy says a US-China Trade War is expected to reduce Global GDP by one-third of a percentage point according to IMF World’s second largest economy China that has invested-in and loaned extensively to the Post-War Sri Lanka for over a decade has outlined that a US-China Trade War may cause a reduction of…
Reuters – Sri Lankan shares ended firmer for the third straight session on Tuesday to hit a near one-month closing high on local buying, even as foreign investors continued to pull out funds from equities, while the rupee ended slightly stronger. ** The benchmark stock index ended 0.23% firmer on at 5,335.29, its highest close…
Emerging victorious under the film category of the local Young Lions Competition, the dynamic team of Dawveed Senaratne and Lakshitha Priyankara from Triad (Pvt) Ltd. will represent Sri Lanka at the International Cannes Lions Festival in France. With the capability to bring an idea to life, Dawveed and Lakshitha will compete against global contenders, along…
The Ceylon Chamber will be organizing an awareness session on “Exporting to the United States under the Generalized System of Preferences: New Trends and Opportunities”. The U.S. is Sri Lanka’s largest single export destination, accounting for 26% of total exports in 2018. At present approximately 3500 products from Sri Lanka are eligible to access the US…
Shangri-La Hotel, Colombo recently announced that it will partially reopen on Wednesday, June 12, following the Easter Sunday attacks. “The Shangri-La Group is grateful to the local authorities and the global community for their outpouring of support and messages of commendations received these past seven weeks” the hotel said in a statement. ‘We…
The Government of Sri Lanka signed the Statement of Corporate Intent (SCIs) with ten selected State Owned Enterprises (SOEs) yesterday (10) at the Ministry of Finance. The Department of Public Enterprises (PED) introduced the concept of SCI in 2017 with a view to enhance the performance of SOEs. This concept was approved by the Cabinet…
Air India had stopped operating the additional flight after the April 21 Easter Sunday terror attack in Sri Lanka that targeted churches and luxury hotels. NEW DELHI: Air India will resume its additional flight on Delhi-Colombo route from July 15, Civil Aviation Minister Hardeep Singh Puri said on Sunday. The national carrier had stopped operating…
Reuters – Sri Lankan shares ended firmer for the second straight session on Monday in dull trade to hit a one-week closing high, while the rupee ended slightly stronger, market sources said. ** The benchmark stock index ended 0.47% firmer on Monday at 5,298.18, further moving away from its lowest close since May 17 hit…
The retail prices of fuel have been revised with effect from last night (10) based on the fuel pricing formula introduced by the government in 2018, the Finance Ministry said in a statement. Accordingly, a litre of 92 Octane petrol has been increased by Rs.3 per litter to Rs.138, while the Lanka Indian Oil Corporation…
Sri Lanka’s Colombo Stock Exchange (CSE) reported the second lowest Daily Turnover in 2019 which was merely a Rs.75.5 million with little over 6.8 million shares changing hands among traders as at the end of the trading today (10th). This is the third day that Colombo stock exchange has reported a turnover less than Rs.100…
Video Story
