With effect from the 1st of January 2018, the United States’ Generalized System of Preferences (GSP) program was discontinued for 120 countries across the world. Sri Lanka is one of them. This decision while not being country-specific, is one stemming from the US Congress simply not re-authorizing the program before adjourning for the year 2017….
State owned Lanka Sathosa shopping chain has dramatically ascended to become the largest retail player in Sri Lanka, beating all other local supermarket brands unmistakably. “Lanka Sathosa now stands as Sri Lanka’s largest retail shopping chain” declared an upbeat Minister of Industry and Commerce Rishad Bathiudeen on 5 January at Welisara. Minister Bathiudeen, joined by…
Jetwing Symphony Limited rang the opening bell to commence trading and celebrate the listing of its shares as the first listing at the Colombo Stock Exchange (CSE) for 2018. The listing follows a successful Initial Public Offering by the company in December 2017, through which it raised Rs. 753 million through a 50.22 million share…
SAN FRANCISCO (Reuters) – Apple Inc will release a patch for the Safari web browser on its iPhones, iPads and Macs within days, it said on Thursday, after major chipmakers disclosed flaws that leave nearly every modern computing device vulnerable to hackers. Browser makers Google, Microsoft Corp and Mozilla Corp’s Firefox all confirmed to Reuters…
Reuters – Sri Lankan shares ended slightly weaker on Thursday amid heavy buying by foreign investors, but traders said sentiment was likely to remain positive after the central bank kept key policy rates unchanged last week. The Colombo Stock Index ended 0.06 percent weaker at 6,459.66, snapping an eight-session win streak. Shares in Ceylon Tobacco…
Hyundai Lanka (Pvt) Ltd, the sole authorised importer and distributor of Hyundai vehicles in Sri Lanka, unveiled the all new high tech IONIQ Hybrid & the SUV compact leader Creta to the Sri Lankan market recently. Whilst the highly stylised IONIQ Hybrid comes with a series of groundbreaking features along with advanced safety measures, to…
Reuters – Sri Lankan shares rose for an eighth straight session to hit a six-week closing high on Wednesday, as investors picked up banks and diversified shares, with sentiment expected to remain positive after the central bank kept key policy rates unchanged last week. The Colombo Stock Index ended 0.81 percent firmer at 6,463.50, its…
Perceived Economic Opportunity PEO: September, 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 OF JOB PROSPECTS…
According to the newly established government institution for the supervision of asset and cost management, the Comptroller General Office, the overall vehicle owned by the government is 57,961 and in which 50, 238 are in running condition, revealed Co-Cabinet Spokesman, Minister of Lands and Parliamentary Reforms, Gayantha Karunatilake at the weekly Cabinet press briefing today….
Presents awards for ‘Best Digital Bank’ and ‘Best Mobile Banking Application’ in Sri Lanka in 2017 The Commercial Bank of Ceylon PLC has been recognised as the ‘Best Digital Bank’ in Sri Lanka and has been presented the award for the ‘Best Mobile Banking Application’ by the prestigious London-based ‘World Finance’ magazine celebrating achievement,…
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