The Managing Director of Google India, Mr. Rajan Anandan will attend the Sri Lanka Economic Summit 2016 as a keynote speaker of the session 5 of the event, which will focus on Sri Lanka’s talent pool. Sri Lankan born Anandan, who also heads Google’s South Asian operations has an impressive career record with holding top…
Control prices of 16 essential items were announced by the Minister of Industry and Commerce Rishad Bathiudeen today 14 July morning. The Gazette is expected tomorrow 15 July-prices are effective immediately. The Items are: 1. Chicken meat with Skin Rs 410 per Kilo – without Skin Rs 495 per Kilo 2. Red Dhall Rs 169…
When Emirates flight EK651 took to the skies from Bandaranaike International Airport (BIA) on Sunday, 10th July, its cargo hold held a unique example of Sri Lankan ingenuity and mechanical proficiency – a racing car designed, developed and built by students of the University of Moratuwa. ‘D-MORA P1’ was on its way to the iconic…
A Framework Arrangement enabling the Government of Sri Lanka to obtain soft loans from the Government of Korea up to U$ 300 million till 2018 was signed on July 13, 2016. This Framework Arrangement is based on the agreement between the two governments signed in December 1995 concerning Loans from the Economic Development Cooperation Fund…
Fitch Ratings-Hong Kong-13 July 2016: Fitch Ratings has assigned Sri Lanka’s upcoming US dollar-denominated bonds an expected rating of ‘B+(EXP)’. KEY RATING DRIVERS The expected rating is in line with Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘B+’ with a Negative Outlook. RATING SENSITIVITIES The rating would be sensitive to any changes in…
Sri Lankan shares ended slightly higher in thin trade on Wednesday, extending gains from the previous session when it touched a near three-week closing high, as investors bought into banking stocks. Sentiment was also boosted after Sri Lanka raised $1.5 billion in its first sale of dual-tranche eurobonds earlier this week, as the $6.6 billion…
In a new move to make Lanka Sathosa a viable entity again, a former Senior Superintendent of Police (SSP) has been brought in to commence the clean-up of largest state owned FMCG network in the country-also on the cards are Mini Sathosa’s specifically to sell essential and controlled price items whose prices change daily. “Today…
The most convenient medium currently being resorted to by Sri Lankans for purchasing goods and services is the credit card facilities like Visa, MasterCard, American Express etc. However, the usage of such card facilities is still comparatively low in Sri Lanka due to the various other charges levied during such transactions. Based on the increase…
The government announced that it is losing a huge amount of revenue due to vehicle’s of which the original ownership has change but are being still used under the earlier owners’ name without their registration being transferred and vehicles going from hand to hand under open transfers, this also poses problems for institutions implementing the…
Tea Sector 2015, an analytical source of comprehensive information regarding tea sector in Sri Lanka and its competitive markets can be now obtained from the Ceylon Chamber of Commerce. This valuable publication consists of Sri Lanka’s top export markets, declining markets, market analysis for Russia, Turkey and Iran, fluctuation of tea prices, production of tea…
Video Story
