STAX was recently invited by International Enterprise (IE) Singapore to brief Singaporean businesses on high-growth sectors in Sri Lanka, at a seminar entitled ‘Sri Lanka Investment Opportunities 2017’. IE Singapore is a government agency that promotes international trade and works with Singaporean companies to help them go global. Sanda Wijeratne, a Manager at Stax, presented…
The Monetary Board of the Central Bank of Sri Lanka (CBSL) on 06.11.2017 decided to issue a notice of cancellation of the Licence issued to Central Investments and Finance PLC (CIFL) to carry on finance business under the Finance Business Act No. 42 of 2011. CIFL was confronted with severe liquidity crisis since 2013 due…
Reuters – Lamborghini unveiled its first sport-utility vehicle (SUV) on Monday, as the Volkswagen-owned luxury sportscar brand strives to grab a share of a fast-growing market. Produced at its Sant‘Agata Bolognese headquarters in Italy, Lamborghini believes the model could double its annual sales volumes, which stood at 3,457 last year. Called the Urus, which links…
The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) and the Ministry of Foreign Affairs, Sri Lanka will host a dialogue on “BIMSTEC at 20 – Priorities for the Future.” The event will be held on Friday, 8 December 2017 from 4:30 PM to 6:00 PM at the Lighthouse at LKI, 24 Horton…
Perceived Economic Opportunity PEO: August, 2017 This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. STATUS OF JOB PROSPECTS…
The largest IPO to be launched in Sri Lanka since 2015 Leading energy company and a subsidiary of Lanka Ventures, the LVL Energy Fund Limited recently announced a Rs. 1.2 billion initial public offering (IPO) to fund its strategic expansion and growth in the renewable energy sector. The IPO will be the largest IPO listing…
Reuters – Sri Lankan shares fell slightly on Monday, hovering near a more than two-month closing low hit early last week, with telecom stocks leading the decline. The Colombo Stock Index ended down 0.09 percent at 6,405.91, hovering near its lowest close since Sept. 15 hit on Tuesday. It fell 0.03 percent last week, recording…
The 53rd Annual Report Awards organized by CA Sri Lanka will be held on Tuesday, 05th December 2017 under the patronage of Prime Minister Mr. Ranil Wickremesinghe, who will be the chief guest, while Speaker of Parliament Mr. Karu Jayasuriya will be the guest of honour. This year, 140 organisations from small time community groups…
The Gulf region’s most competitive economy is upbeat on its future trade prospects with Sri Lanka. “The two countries have to consolidate the already strong bilateral relations. A number of joint venture trade projects are being implemented between both countries” announced HE Ambassador of the United Arab Emirates to Sri Lanka Abdulhamid Abdulfattah Kazim Al-…
Edelweiss, Switzerland’s leading leisure airline and sister company of Swiss International Air Lines, is further expanding its route network to Asia. From 3rd November 2018 the airline will offer seasonal flights between Zurich and Colombo. An Edelweiss Airbus A340-300 will fly twice weekly between Zurich and Colombo connecting the two cities directly. The new…
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