Perceived Economic Opportunity PEO: November & December, 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…
Jaguar Land Rover has revealed two ground-breaking models to the world at the 88th Geneva International Motor Show, which concluded yesterday (18/03/2018). Fresh off its global reveal, the Jaguar I-PACE that made its way to Switzerland from Austria for its public debut, with the battery electric, all-wheel-drive, premium SUV leading Jaguar’s presence at the show. …
Sri Lanka’s tea industry recovered in 2017 with the crop up 5% to 307 million kilos from a year ago and export earnings rising to Rs233 million (US$1.5 billion) with better production expected this year if good weather prevails, Minister of Plantation Industries Naveen Dissanayake said. Sri Lanka’s highest tea exports, of $1.63 billion were…
At right: The United States International Trade Commission (USITC), Washington DC The United States has terminated the Anti-Dumping and Countervailing Duty Investigations on imports of Rubber Bands from Sri Lanka on 15 March. The decision on 15th March 2018 at 11.00 am, to terminate Anti-Dumping and Countervailing Duty Investigations on Lankan rubber bands was taken…
Colombo Port expects to handle 7.0 million containers in 2018, up 12.9 percent from the 6.2 million twenty-foot equivalent units (TEU) handled in 2017 with joint marketing by three terminals, Minister Mahinda Samarasinghe said. The minister said the Jaya Container Terminal of the state-run Sri Lanka Ports Authority (SLPA), South Asia Gateway Terminal of the…
Diesel & Motor Engineering PLC (DIMO), one of the leading engineering companies in Sri Lanka, has expanded its Marine and General Engineering business to Maldives with the unveiling of DIMO Coastline (Pvt) Limited, (DCL) a joint venture between DIMO and Coastline Investments (Pvt) Limited – Maldives. As a leading engineering brand in Sri Lanka, DIMO…
The Indian High Commissioner to Sri Lanka, Taranjit Singh Sandhu, said that whether it be the rehabilitation of the KKS Harbour, or setting up of model villages across the country, or helping the farming and fishing communities in the South or extension of emergency ambulance service island-wide, India is proud of the fact that she…
Reuters – Sri Lankan shares rose marginally on Friday, recovering from a one-and-a-half-month closing low hit in the previous session, as investors bought select blue chips in low volumes while lower economic growth weighed on the market. The statistics department said after markets hours on Thursday that the economy grew at 3.1 percent in 2017…
Japanese businesses must take advantage of Sri Lanka’s strategic location, preferential market access into key economies, and be early movers in the country’s new growth drive, remarked Minister of Development Strategies and International Trade Malik Samarawickrama at an investor forum in Tokyo. He was speaking to a forum of over 300 Japanese businesses alongside the…
The International atomic energy agency (IAEA) Director General Yukiya Amano says that the IAEA will extend its support to Sri Lanka to achieve future development goals.The visiting IAEA Director made these remarks when he made an observation visit to the new office premises of Sri Lanka Atomic Energy Board on Wednesday (March 14) during his…
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