Sri Lanka is a significant location as an investment hub to Swiss investors. The government has been able to establish a stable political environment since the regime change in January this year. Our intention is to achieve economic stability through this process, said Finance Minister Ravi Karunanayake while addressing an investment forum organized jointly by…
Indocean Developers, the promoter of Sri Lanka’s architecturally-unique twin-tower high rise development Altair, has reported significant buyer interest in Japan, following the company’s participation as the sole real estate sector entity at the recent Sri Lanka Business Forum in Tokyo. One of just a handful of Sri Lanka based companies to make presentations to a…
The first ever capital market investor forum held in Switzerland on 28th October 2015, proved to be an outstanding success. Titled “Invest Sri Lanka“ and organized by the Colombo Stock Exchange (CSE) in association with the Swiss Asian Chamber of Commerce (SACC), attracted a full house for the Breakfast Meeting at The Widder Hotel in…
Volkswagen has reported its first quarterly loss for at least 15 years after taking a big charge to cover the costs of its emissions scandal. VW said it had set aside Euros 6.7bn to cover the scandal, leaving it with a Euros 2.52 bn pre-tax loss for the third quarter of the year. In September,…
Colombo equities continued the winning streak for the sixth consecutive day on Wednesday amid the high institutional & foreign investor activity. Benchmark index advanced to 7,101 mark but closed lower at 7,094.09, up by 10.61 index points or 0.15%. 20-script S&P SL index bagged 12.17 index points (+0.32%) to end at 3,840.00. However, market breadth…
An Austrian Airlines 767 aircraft landed at the Bandaranaike International Airport this morning (28 October). When adaderanabiz.lk inquired from Civil Aviation Authority Chief Executive Officer H.M.C. Nimalsiri said, “Austrian Airlines halted its flights to Sri Lanka on 24 January 2008 due to the lack of aircraft and direct passengers to the island from Vienna. The…
Crude oil process continue to slump in the world market. By yesterday (27 October) the price of West Texas Intermediate crude oil, considered the benchmark for world crude oil prices, was recorded at USD 43.20 per barrel while was Brent recorded at USD 46.81 per barrel. These prices have prevailed for the past two months….
The conducive demand environment for Sri Lanka based consumer durables retailers is likely to continue in the short to medium term despite possible headwinds from depreciation in the Sri Lankan rupee against major currencies and higher import tariffs, Fitch Ratings says in a new report. The strong demand trend is supported by lower energy tariffs,…
Seventeen New Zealand companies will visit Sri Lanka next week to further strengthen business links between the two countries. New Zealand’s two-way trade with Sri Lanka is worth $323 million with milk powder, fruit and butter being New Zealand’s top exports. New Zealand companies are ready to partner with Sri Lanka in a range of…
As a developing nation, Sri Lanka has a reputation for high literacy and a growing young population. But despite this assumption, the enrolment rate for higher education in Sri Lanka stagnates at around 2.5% compared to 5% in other developing nations. One of the main reasons for this is accessibility to state universities that enroll…
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