The second event in the series launched by the Colombo Stock Exchange (CSE) in association with the Colombo Stock Brokers Association (CSBA) to showcase S&P SL 20 companies to an exclusive audience of Local Institutional and High-net-worth Investors was recently held at the Taj Samudra Hotel. The event featured investment case presentations and discussions on…
Sri Lanka to achieve the 2025 goal of being an upper-middle income country, the government of Sri Lanka has formulated a three-year Economic Delivery Programme to Increase per capita income to $5000, Create one million new jobs, and Increase FDI to $5 billion per year said the Minister of State for Finance Mr Eran Wickramaratne….
Reuters – Sri Lankan shares closed almost unchanged on Tuesday amid selling by foreign investors and some concerns about political stability, dealers said. Shares hit a more than three-week high last week after two key parties in the ruling coalition decided to remain in the ruling coalition, allaying fears of a government collapse. President Maithripala…
At a recently held meeting of the CEOs of the commercial banks operating in Sri Lanka, Central Bank Governor Dr Indrajit Coomaraswamy drew the attention of the banks’ CEOs to the difficulties faced by potential young entrepreneurs with vocational training, in obtaining loans from formal banking institutions to commence or improve their businesses, due to…
The State Government of Victoria, in association with the Consulate General of Sri Lanka in Melbourne and the Aus-Lanka Business Council, organised a well-attended networking reception to recognise mutual opportunities for trade and investment between Sri Lanka and the State of Victoria on 23 February 2018 at the Investment Centre of Victoria in Melbourne. The…
Lahore – A high level delegation of Pakistan Furniture Council (PFC) Monday left for Sri Lanka on a 3-day visit to explore new markets and strengthening existing bilateral trade relations with their counterparts in furniture industry during business to business contacts. Prior to departure at airport, PFC Chief Executive Mian Kashif Ashfaq, heading the delegation,…
Even countries with relatively low levels of absolute debt may face repayment challenges if there are weaknesses in its economic structures and debt management institutions Minister of Finance and Mass Media Mangala Samaraweera told the delegation of the G-24 Technical Group today. Making his opening remarks at the G-24 Technical Group Meeting held at the…
The asset base of Sri Lankan cooperatives have increased to nearly Rs three billion (US $ 18 Mn)-and coops are no longer charitable but they too should now compete in the liberal market economy. “Cooperatives are no longer charitable organizations and they have to compete with other institutions in a liberalized market economy. Accordingly, Cooperatives…
National Construction Awards Ceremony 2017 organized in order to celebrate the progress of the construction field was held under the patronage of the president Maithripala Sirisena at the Bandaranaike Memorial International Conference Hall (BMICH) Monday (26). Eight persons who displayed outstanding skills in the construction field were presented with National Construction Awards of Excellence by…
Reuters – Sri Lankan shares slipped on Monday to a more than one-week closing low, as selling by foreign investors and some concerns about political stability weighed on sentiment, dealers said. Shares hit a more than three-week high last week after two key parties decided to remain in the ruling coalition, allaying fears of a…
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