~ Outline plans to support Sri Lanka in achieving the Sustainable Development Goals Unilever Sri Lanka chairman Carl Cruz and United Nations Development Programme (UNDP) Country Director Jorn Sorensen recently handed over a policy action paper for the promotion of public private partnerships for sustainable development to the Secretary to H.E. the President of Sri…
AGSEP Research, a key unit of the Asian German Sports Exchange Programme (AGSEP), a recognised local non-commercial government-associated-organisation recently released new insights into obstacles faced by tourism promoters and investors in the country. AGSEP, which supports the development of the country, has been instrumental for over a decade in publishing valuable key observations through its…
Capital Alliance (CAL), recently performed Sri Lanka’s first ever transaction of overseas stocks, marking a milestone in the annals of the nation’s corporate history. Previously, Sri Lankan investors were confined to investing in the Colombo Stock Exchange (CSE). However, following the liberalization of Sri Lanka’s exchange control regulations in November 2017, individuals and organizations domiciled…
Asian leaders including Sri Lanka, Việt Nam, Japan and South Korea worries about Protectionism, Nationalism Joining a panel discussion at the World Economic Forum on ASEAN, along with foreign ministers from Việt Nam, Japan and South Korea and Lynn Kuok, Associate Fellow at the International Institute for Strategic Studies (IISS) in Singapore recently (on Thursday…
World’s largest population China funded Sri Lanka’s Colombo Port City is targeting Investor’s from World’s second largest population – India officials said recently addressing Sri Lanka Economic Forum in Colombo organized by the Ceylon Chamber of Commerce. “Sri Lanka’s Colombo Port City’s financial centre aims to attract investors from the region, especially Indians and expatriates…
MTD Walkers PLC (Stock Code: KAPI.N) in disclosure to Colombo Stock Exchange (CSE) on today (14th September 2018) said that at present the company has not engaged or entered into any agreement to sell a strategic stake in Walkers Colombo Shipyard private limited neither to inject fresh capital in the company. Denying recent media reports appeared…
Sri Lanka’s China backed, US $1.4 billion 665 acre new metropolis coming up adding nearly 2.6 square kilometers to 65,610 square kilometer South Asian island, ‘Could be also be governed by its own legal system, and the system is still being discussed and will require approval from Sri Lanka’s parliament and council of ministers’ a…
Reuters – Sri Lankan shares closed flat near a two-week closing low on Thursday in heavy trading led by Dunamis Capital Plc which nearly doubled in value, even as foreign investors continued to trim their equity exposure for a second straight day. The Colombo stock index edged 0.03 percent higher to 6,060.68, settling near its…
Reuters – The Sri Lankan rupee hit a fresh low against the dollar on Thursday but sources said the market expects the currency to recover, tracking gains in other emerging market currencies. Hard-hit emerging market currencies were 0.43 percent stronger, helped by a weaker greenback. The U.S. dollar index fell as hopes grew of concessions…
Arun Kumar, Chairman and CEO of KPMG in India, says the ‘easy money’ which is offered by large economies like China to smaller nations the likes of Sri Lanka often comes with strings attached such as the loss of control over natural resources. Delivering the keynote address at the Sri Lanka Economic Summit 2018 on…
Video Story
