Commercial Credit & Finance PLC, one of Sri Lanka’s premier financial services organisations was presented the prestigious Business Today Top 30 award for the year 2016/2017. The Business Today TOP 30 Awards recognise the contribution made by Sri Lanka’s corporates to the economy of the country. This year, the Business Today Awards commemorated its 20th…
Reuters – Sri Lankan shares touched a more than two-month closing low on Tuesday, dragged down by financials, even as investors waited for clarity on new taxes and key legislations amid political uncertainty. The Colombo stock index ended 0.19 percent lower at 6,405.22, its lowest close since Sept. 15. The index fell 1.1 percent last…
IFC, a member of the World Bank Group, along with the Sri Lanka Institute of Directors (SLID) and the Colombo Stock Exchange (CSE), are collaborating on workshops that promote good corporate governance and family business practices to improve the long-term sustainability of family-owned businesses in Sri Lanka. The first in a series of workshops was…
The USD 1.8 million national apparel initiative which aims to establish 150 mini garment factories island wide at village level is expected to come to fruition by June 2018 by adding approximately 3,000 skilled people into the garment industry workforce, a senior official said last week. Under the program designed to encourage small and medium…
No partnership between India and Sri Lanka is as strong as the historic Indo-Lanka trade pact inked way back in 1998. “Indo-Sri Lanka Free Trade Agreement was the most significant Indo-Sri Lanka partnership we have realised on the commercial front” said the Sri Lankan Minister of Industry and Commerce Rishad Bathiudeen on 18 November in…
The Beira Lake Intervention Area Development Plan was launched by the Minister of Megapolis and Western Development Patali Champaka Ranawaka, yesterday. Subsequent to the launch, the Beira Lake area will now be referred to as Ran Masu Pura. The proposed zoning plan of the Urban Development Authority hopes to get the optimum economic value of…
The external sector performance was driven by a double digit growth in exports (year-on-year) in September 2017, surpassing the US dollars 1 billion mark of monthly exports for the third consecutive month. However, the trade deficit expanded with higher imports of fuel and rice during the month. Earnings from tourism declined moderately during the month…
Fitch Ratings-Singapore/Colombo-27 November 2017: Fitch Ratings, Singapore, 23 November 2017: Fitch Ratings affirmed Sri Lanka Telecom PLC’s (SLT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘B+’ and its National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. SLT’s IDRs are constrained by Sri Lanka’s IDRs of ‘B+’, as the government directly and indirectly…
Reuters – Sri Lankan shares ended marginally higher on Monday in dull trade, recovering from a near two-month closing low hit in the previous session, even as investors awaited clarity on new taxes and key legislations. The Colombo stock index ended 0.05 percent firmer at 6,417.15, edging up from its lowest close since Sept. 26…
A contingent of young Sri Lankan entrepreneurs will join the Global Entrepreneurship Summit (GES), which will be co-hosted by the United States and India in Hyderabad, India from 28th to 30th November. The United States and India have selected 1,500 individuals who will participate in the 2017 Summit. Advisor to the US President Donald Trump,…
Video Story
