Businesses in Sri Lanka have a great opportunity in the he Asia Pacific region in the field of development as the region develops its own competitive trading system, the Prime Minister Ranil Wickremesinghe said addressing the executive Committee meeting of SAARC Chamber of Commerce and Industry. President of the Chamber of Commerce and Industry (CCI)…
Sri Lanka has called for stronger maritime and air links with Bangladesh to boost booming bilateral trade as well as FDIs. Meanwhile, trade between both countries has shown a steady surge not only in the last five years but even on YoY basis in 2017. “Ports of Colombo and Hambantota are vital for Sri Lanka’s…
The Minister for Trade and Investment from Victoria, Australia, Hon Philip Dalidakis visited the Democratic Socialist Republic of Sri Lanka to reinforce its commitment to the region and further strengthen engagement with the education and IT sectors. Melbourne is home to the largest Sri Lankan community in Australia. It ranks highest on the liveability scale which…
The Port of Colombo had been ranked as the 18th Best Connectivity Port by the Drewry Port Connectivity Index is up by five places and is now ranked the 13th best Connectivity Port in the world in the 4th quarter 2017. According to the rankings the Port of Colombo is also the top best connectivity port in…
Reuters – Sri Lankan shares crawled higher on Monday from their lowest close in more than eight weeks as blue chip stocks gained, but negative sentiment over the island nation’s slower economic growth weighed on the market. The Colombo stock index closed 0.08 percent firmer at 6,448.60, edging up from its lowest close since Jan….
The Board of Investment (BOI) will have a very seamless process in terms of getting approvals for projects by the third quarter of this year, said Duminda Ariyasinghe, Director General, BOI.He made these remarks addressing the 38th AGM of the Free Trade Zone Manufacturers’ Association (FTZMA) held in Seeduwa on Thursday. Ariyasinghe said this will…
The Colombo Stock Exchange (CSE) has taken steps to suspend share transactions of seven listed companies. This suspension will reportedly come into effect from 02 April, 2018. The following are the listed companies whose trading will be thus suspended: Lanka Cement PLC PC House PLC PC Pharma PLC Ceylon & Foreign Traders PLC Standard Capital…
The demand for electricity surged to a whopping 2500 MW on Friday (23) extending to the weekend making it the highest demand for electricity in recent months.This is particularly owing to the prevailing and rising temperature. Officials however, assured that there won’t be any power cuts despite this continuing increase in demand, State Minister of…
The Government over the past 18 months had witnessed a vast improvement in its revenue and in 2017 too, enabling the government to achieve a primary surplus in the budget for the first time since the 1950s. This fiscal consolidation process has enabled the Government to regain the confidence of markets and stabilize its economy….
The Board of Investment held the ‘Investor Facilitation and Networking Event’ at the Cinnamon Lakeside Hotel to engage in a dialogue with investors in Sri Lanka who have re-invested in Sri Lanka.By confirming their trust in Sri Lanka and in the Board, these investors had sent a very positive message to potential investors both in…
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