Afghanistan which packs over US $ 3 trillion in identified natural resources has issued an open call to Sri Lankan business sector to visit them, prospect and reap benefits. “I found out that Sri Lankan miners to be well skilled” said HE Ambassador of the Islamic Republic of Afghanistan to Sri Lanka Mr Munir Ghiasy…
The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI), Sri Lanka’s leading foreign policy think tank, has appointed Professor Natalie Klein, an expert on the law of the sea and international dispute settlement, as a Non-resident Fellow. Professor Klein is a Professor at the Faculty of Law of the University of New South…
Automobile manufacturer, Volkswagen (VW) had recently ventured in to Rwanda with a launch of a new Assembly Plant, whilst the same company denied reports appeared from Sri Lanka from late 2015 to 2017. Whilst the Sri Lanka’s new ‘Good Governance’ government earlier forecasted an establishment of a Volkswagen Car Assembly plant in the North Western…
With the increase of population and increased economic activities, the overall demand for petroleum products has also been increased approximately by 6% annually in Sri Lanka, Deputy Minister of Petroleum Resources Development Anoma Gama points out in her latest annual review of the Ministry. Highlighting on the ministry performance in her review she further outlines…
Reuters – Sri Lankan shares ended their losing spree to close higher on Tuesday as investors picked up battered blue-chip stocks, but lean first-quarter corporate results dampened sentiment. The Colombo stock index ended 0.3 percent firmer at 6,147.27, edging up from its lowest close since July 12 hit on Monday. The bourse dropped 3.5 percent…
One of Sri Lanka’s leading conglomerates – John Keells Holdings PLC (JKH) that has a larger market share in Carbonate Soft Drinks (CSD) market in the country, in their latest quarterly review highlights that group’s Consumer Foods industry profits before taxes fell by 46% compared to a year earlier on account of the Beverages business…
Reuters – The Sri Lankan rupee ended steady in dull trade on Tuesday as dollar demand from importers offset selling of the greenback by banks, traders said. The rupee, which traded at 159.80 rupees per dollar during the day, ended steady at 159.65/75 per dollar compared with Monday’s close. It has declined 4.01 percent so…
Sri Lanka’s leading transportation and leisure sector giant blue chip John Keells Holdings (JKH) in the latest quarterly review points out that the Leisure industry group Profit Before Tax (PBT) is negative and recorded a loss of Rs.278 million in the first quarter of 2018/19 which is decrease over the first quarter of the previous…
The 7th Annual General Meeting of the Sri Lanka – Greater Mekong Business Council was held recently at the Colombo Club. Her Excellency Pham Thi Bich Ngoc, Ambassador of Vietnam and Her Excellency Chulamanee Chartsuwan, Ambassador of Thailand were the Chief Guests at the event. Mr. Sirimal Fernando, Deputy Managing Director of Astron Limited was…
In 2017 Sri Lanka’s motor vehicle population grew by 7% to 7.2 million. This is one of the many facts and analysis you can find in the latest edition of the annual report on the country’s motor vehicle market published by the Ceylon Chamber of Commerce. 2017 saw a rise in import expenditure (5%) despite…
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