The second national Public-Private Dialogue (PPD) on Sri Lanka’s E-Commerce Reform, backed by Geneva’s International Trade Centre (ITC) will open on 6 September in Colombo. The PPD is a part of the EU-Sri Lanka Trade Related Assistance project, worth EUR 8 million funded by the European Union (2016-2020). Minister of Industry and Commerce Rishad Bathiudeen…
Aeroflot, the Russian Airline, will re-launch regular non-stop flights to Colombo from October 28, 2018, the Moscow-based airline announced yesterday. The airline stopped regular flights to Colombo around a decade ago.The flights will operate under the winter schedule effective through March 30, 2019. Tickets are now available for purchase online and at travel agents worldwide….
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance was awarded two prestigious titles at the World Travel Awards 2018 Asia and Australasia Ceremony held at InterContinental Grand Standford in Hong Kong, yesterday. Whilst the Airline’s launch campaign to Australia titled ‘Two Cities. One Spirit’ was awarded the ‘Asia’s…
LOLC group controlled, Browns Investments PLC owned Browns Hotels & Resorts is ambitious on the completion and success of the company’s Maldives expansion and the projects, the latest annual review of the Browns Investments group highlights. “We are also pleased to report the success of our ventures overseas, namely to the Maldives. Nasandhura Maldives is…
One of the largest conglomerates that has switched from ownership of subsidiaries to a subsidiary after a ‘Brand Switch’ in last two years, Billionaire Harry Jayawardena controlled Distilleries Company of Sri Lanka (DCSL) Board of Directors has resolved that a minimum of 70% pay-out ratio will be maintained in the future. In the latest annual…
Reuters – Sri Lankan shares rose for the fourth straight session on Monday to their highest close in nearly three weeks, led by gains in banking and beverage stocks. The Colombo stock index ended 0.18 percent higher at 6,091.45. It rose 0.4 percent last week, marking the second straight weekly gain. The index, however, lost…
Reuters – The Sri Lankan rupee fell to a new low of 161.60 per dollar on Monday due to higher importer dollar demand, while exporters awaited a reversal in the depreciation trend to convert the U.S. currency, dealers said. The local currency surpassed its earlier record of 161.55 per dollar hit in the previous session….
All stakeholders come together under aegis of Ceylon Chamber of Commerce as industry’s milestone 50th anniversary approaches Businesses with a cumulative investment of approximately Rs 26 billion in the Oil Palm industry in Sri Lanka came together in Colombo on 30th August 2018 to formally inaugurate an industry association under the aegis of the…
The only full-service entertainment centre in Colombo, Excel World plans to construct a serviced apartment, shopping mall and leisure centre at an investment of a US$ 70 million, the latest annual review of the Browns Investments PLC outlines. “This is a joint venture agreement with a Hong Kong based investment company and the second phase…
Turning a new page in the history of key Sri Lankan economic drivers-the SMEs, informal enterprises and unlisted businesses -a pioneering financial auditing framework was unveiled in Colombo on 30 August. As a result of the new framework, more than one million registered SMEs and countless other unlisted businesses in Sri Lanka finally get their…
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