Levi White, Senior Foreign Assistance Planning Officer, Office of Energy Programs, Bureau of Energy Resources in the U.S. Department of State met with members of the Private Sector recently. Facilitated by the American Chamber of Commerce in Sri Lanka, the meeting brought together AmCham members to discuss the Energy Governance and Capacity Initiative (EGCI) program…
Ceylon Tea was promoted at a “Tea Festival” organized by the Royal Botanical Garden in Burlington, Ontario, in partnership with the Consulate General of Sri Lanka in Toronto and the Tea Association of Canada, held on 4th – 5th November at the Royal Botanical Garden in Burlington. Ceylon Tea samples from the regions of Dimbula,…
David Bent, world-leading advisor on sustainable business based in the UK, specialist member of Good Karma Consultants, will deliver the keynote address at the ‘Best Corporate Citizen Sustainability Award 2017’ of the Ceylon Chamber of Commerce, which will be held on the 28th November, 2017 at the Cinnamon Grand Hotel, Colombo. During his speech, Bent…
Hayleys Advantis Limited recently completed the second programme in their capacity building initiative under the theme ‘Inspiring Logistics in Sri Lanka’. The programme was launched earlier this year to uplift the local logistics sector by bridging the gap between academic qualifications and corporate requirements. The company is working towards developing a competent, productive and skilled…
Emergency supply departs Odisha after PM assures Sirisena of ‘all possible help’ Following Sri Lanka’s request for emergency shipment of fuel, Prime Minister Narendra Modi on Wednesday assured President Maithripala Sirisena of “all possible assistance.” The two leaders spoke over telephone and a 21,000 kilolitre-shipment left Paradip Refinery in Odisha on Wednesday, according to a…
Reuters – Sri Lankan shares fell on Friday, weighed down by declines in telecom and banking stocks after the island nation targeted both cash-rich sectors in its 2018 budget to boost revenue. Sri Lanka imposed new taxes on motor vehicles, telecoms, banks and liquor in a bid to boost revenues in its 2018 budget outlined on…
During the first six months of this year, overall land price in the Colombo District has increased by 12.6 percent compare to the last year, latest analyze of the CBSL revealed. During the period, highest increase of 14.6 percent was reported from industrial sector while residential and commercial sectors have been increased by 11.9 percent…
Reuters – Sri Lankan shares ended steady on Wednesday with turnover hitting a seven-week high on foreign selling in United Motors Lanka, while all eyes are on the 2018 budget presentation scheduled on Thursday. Sri Lanka’s coalition government will seek to stoke exports and employment through support for the small businesses in its 2018 budget,…
Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported impressive growth in top and bottom line performance after posting consolidated revenue of Rs. 10.3 billion and delivering a 24.2% Year-on-Year (YoY) increase in Profits After Tax (PAT) for the Group during the six-month period ended (1HFY18). Consolidated group revenue increased by 8.9% Year-on-Year (YoY),…
As prices of coconuts soared due to drought fuelled supply shortage, Sri Lanka announced that it is sourcing a huge volume of coconuts not from international sellers but from domestic suppliers, to be sold to local consumer at a very low price tag. “Based on the Cost of Living Committee’s order yesterday (7 November), Lanka…
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