Although the annual cashew demand in Sri Lanka is 20,000 MT, the local production of cashew is around 10,000 to 12,000MT. The scarcity of cashew prevalent in the local market has adversely affected the livelihood of a large number of families engaged in cashew production. As such, the following methodology proposed by Hon. Duminda Dissanayake,…
Reuters – Sri Lankan shares fell for an eighth straight session on Tuesday, posting their lowest close in nearly 3-1/2 months, with blue chips such as John Keells Holdings Plc leading the decline while selling by foreign investors also weighed on the market. The Colombo stock index fell 0.66 percent, or 43.30 points, to 6,524.13,…
CHEC Port City Colombo has signed up with MTI’s idea2fund, thus demonstrating their commitment to Sri Lanka by helping to identify and groom emerging Sri Lankan entrepreneurs. idea2fund by MTI Corporate Finance is an enabling platform for prospective Sri Lankan entrepreneurs to present their venture ideas, be challenged and receive constructive feedback, get linked with investors…
As bilateral trade recorded a huge 65 percent surge, the non-EU but central European nation Switzerland has called Sri Lanka to get on board its historic GSP facility and boost Lankan exports to Swiss market further. Meanwhile, UNCTAD says that a vast array of products from Sri Lanka including apparels, can enter the Swiss market…
Chartered Accountant Mr. Lakshman Athukorala was recently appointed to the Independent Audit Advisory Committee of the United Nations Industrial Development Organization (UNIDO), in Vienna, Austria as recommended at the 45th session of the Industrial Development Board. This is the first time a Sri Lankan has been appointed to the top UN audit committee. Mr. Athukorala…
The Financial Intelligence Unit of the Central Bank of Sri Lanka (FIU-Sri Lanka) entered into Memorandums of Understanding (MOUs) with the China AML Monitoring and Analysis Centre and Financial Intelligence Unit (FIU) of the Kingdom of Bhutan at the 20th Annual Meeting of the Asia/Pacific Group on Money Laundering (APG), held in Colombo during 17th…
“Our labour force should step up and needs exposure to a higher level of skills if Sri Lanka is serious about seizing maximum advantage of the ‘One Belt-One Road’ (OBOR) initiative” expressed Sunshine Holding’s Group Managing Director, Vish Govindasamy, speaking at the ‘Belt and Road initiative – transformative opportunity for Sri Lanka’ panel at the…
Advantis Bunkering was recently awarded the International Occupational Health and Safety Assessment Series certification or OHSAS 18001:2007 by Société Générale de Surveillance (SGS), the world’s leading inspection, verification, testing and certification company. The certification covers all three legal entities of the business; Moceti International (Pvt) Limited, Lanka Bunkering Services (Pvt) Limited and Lanka Maritime Services…
The Sri Lanka Retailers’ Association (SLRA) www.slra.lk under the patronage of the Ministry of Tourism Development and Christian Religious Affairs and in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB) www.srilanka.travel is organizing the ‘Colombo International Shopping Festival’ (CISF) during the entire month of October 2017. A Joint promotional initiative is underway under a…
The Ceylon Chamber of Commerce will conduct a seminar to announce the launch of “Best Corporate Citizen Sustainability Award 2017” (BCCS Award 2017) and also brief the prospective applicants on the criteria and the process of applying for the competition. The seminar, to be held on the 11th August 2017 at the Ceylon Chamber of…
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