The Government of Sri Lanka signed a Free Trade Agreement with Singapore at the Presidential Secretariat, today (23). The Free Trade Agreement will boost the trade between the two countries as this would facilitate duty free access to selected goods and services of each other. The signing of the Free Trade Agreement took place following…
Exports continued to record growth momentum for eight of 11 months of 2017 compared to 2016, the Exports Development Board (EDB) says. According to the EDB the earnings from exports increased to USD 10.4 billion, an impressive growth of 10.82% in Jan-Nov 2017, compared to the corresponding period of 2016 as per the latest released…
Reuters – Sri Lankan shares declined on Monday, marking their eighth session of fall in nine, as investors sold banking stocks in dull trade. The Colombo Stock index ended 0.34 percent weaker at 6,421.40. On Thursday, it closed at its lowest since Dec. 29. The bourse has shed 2 percent in the past nine sessions,…
A key finding of the Sri Lanka Labour Force Survey is that there is a labour demand of nearly half a million in the private sector institutions having more than three employees, says Director General of Census and Statistics, Dr. Amara J. Satharasinghe. Indicating the results of the survey the DG added that there is…
SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance, achieved the highest ever monthly revenue in Company history in December 2017. The air-transport operation of the Company recorded a stand-alone revenue of US Dollar 100.1 million – the first instance in the 38-year history of the airline where monthly…
Prime Minister of Singapore Lee Hsien Loong will make a three-day official visit to Sri Lanka starting Monday (Jan 22), during which both countries will ink a bilateral free trade agreement, according to the news report published today by the Singapore newspaper ‘TODAY’. During the visit, PM Lee will call on President Maithripala Sirisena, while…
The Thai Ambassador to Sri Lanka Ms Chulamanee Chartsuwan promised President Maithripala Sirisena that the cooperation between the two countries will be implemented in the future with introduction of programs on using modern technology for the agricultural sector including introduction of the Post-Harvest Technology and getting water through artificial rainfall. The Thai Government says that…
Hela Clothing, Sri Lanka’s leading global apparel solutions provider recently produced and shipped their one millionth garment from their factory in Ethiopia. A feat made more impressive considering the company only commenced operations in the country in June 2017. With 800 workers and 70,000 production hours logged it is the most efficient factory in Ethiopia…
Reuters – Sri Lankan shares snapped a seven-session streak of declines on Friday, recovering from a near three-week closing low hit in the previous session, as investors picked up battered blue-chip and banking shares. However, foreign investors, who have been net buyers of 2.7 billion rupees worth shares so far this year, sold equities worth…
WASHINGTON (Reuters) – The U.S. government shut down at midnight on Friday after Democrats and Republicans failed to reach a last-minute deal to fund its operations, divided in a bitter dispute over immigration and border security. In a dramatic late-night session, senators blocked a bill to extend government funding through Feb. 16. The bill needed…
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