Regional Plantation Companies’ (RPC) tea estates will be subjected to checks from the Sri Lanka Tea Board (SLTB) as authorities gear up to meet international standards on residue levels of pesticides with Japanese authorities asking Ceylon Tea to clean up its act. In the wake of the Japanese request for a reduction in the residue…
Reuters – Sri Lankan shares rose for a second straight session on Friday and hit their highest close in more than three months, helped by retail buying in blue-chip stocks. The Colombo stock index ended 0.45 percent firmer at 6,572.29, its highest close since Nov. 8, 2017. The bourse rose 0.8 percent during the week…
Attention of the Central Bank of Sri Lanka (CBSL) has been drawn over the media reports on Government debt recording and maintenance of accounts published on 8th February 2018. CBSL compiles and publishes Central Government debt based on its database on issuance of domestic debt and international commercial borrowings on behalf of the Government and…
One Galle Face is the place where life, work and play meet, offering something for every member of Colombo’s vibrant community. The Mall at One Galle Face recently celebrated a project milestone of partnering with their Anchor Tenants with a signing ceremony that introduced the city’s premier luxury lifestyle destination. The signing ceremony was graced…
Reuters – Sri Lankan shares rose to their highest close in three months on Thursday as foreign investors picked up blue chip stocks such as conglomerate John Keells Holdings Plc. The Colombo stock index ended 0.55 percent firmer at 6,542.90, its highest close since Nov. 10, 2017. Shares in Carson Cumberbatch Plc rose 6.9 percent,…
9MFY18 Highlights • Consolidated revenue of Rs.15.6 billion, an increase of 12.4% YoY • PAT amounted to Rs. 1.6 billion, up 23.0% YoY, due to strong Agri and Consumer Goods sector results • Healthcare revenue up 3.3% YoY to Rs. 6.0 billion • Strong growth in Consumer Goods, revenue up 27.4% YoY to Rs 3.8…
Tsegab Kebebew, Director General of Asia and Oceania Affairs of the Ministry of Foreign Affairs of Ethiopia said that Ethiopia looks forward to have greater cooperation with Sri Lanka in the political, economic, tourism and cultural fields in the near future. Kebebew was speaking at an event held at the Embassy of Sri Lanka in…
Sri Lanka’s tourism has taken off to a healthy start in 2018 with January bringing in record arrivals. According to data released by the Sri Lanka Tourism Development Authority (SLTDA) yesterday, tourist arrivals in January amounted to a record 246,972, up by 12.6% from 219,306 in the corresponding month of 2017. In 2016, arrivals in…
A new speed-detecting system will be setup on Expressways from February 14, so that speeding drivers could be fined at the exit points, Expressway Operation Maintenance and Management Division said. According to the Southern Expressway Deputy Director, R.A.D. Kahatapitiya, these steps were taken to curtail the increasing number of accidents on the expressways involving speeding…
Consul General & Trade Commissioner for New Zealand Trade & Enterprise, Ralph Hays along with a team from Mumbai paid a courtesy call on the CEO of the Chamber and the Ex-Co of SLANZBC. The visit was mainly focused on a forthcoming New Zealand trade delegation that is to visit Sri Lanka this year. Mr….
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