Reuters – Sri Lankan shares closed marginally higher on Tuesday in lacklustre trade as investors awaited cues from the September-quarter corporate results and the national budget scheduled to be presented next week. The Colombo stock index closed 0.15 percent higher at 6,617.36, after two straight losing sessions. “It was a sluggish day with investors awaiting…
Sujeewa Senasinghe, State Minister of International Trade met Ms. Nelly Rodi, delegate of President of Chamber Commerce and Industry (CCI)-Paris and officials of CCI during his visit to Paris recently. During the meeting at the CCI, Mr. Senesinghe highlighted the Sri Lanka’s current economic situation and the government policies that taken recently to strengthen the…
By the Research Intelligence Unit (RIU) –www.riunit.com As part of the ongoing series of articles focused on developing a sustainable policy framework for the tobacco industry in Sri Lanka, RIU herein looks at the short-comings of recent government intervention and shares some of the findings from a recently completed high-level study amongst the key stakeholders…
Provincial Gross Domestic Product (PGDP) for 2016 has been computed by the Statistics Department of Central Bank of Sri Lanka (CBSL), by disaggregating the nominal Gross Domestic Product (GDP) compiled by the Department of Census and Statistics (DCS). In the estimation of PGDP for the provinces, the value of each line item in GDP is…
Pathfinder Participated in a conference themed “Connecting the Bay of Bengal: India, Japan, and Regional Cooperation” organized by Carnegie India and India Development Foundation in collaboration with the government of Japan, which was held recently in New Delhi. This seminar was to review Indo-Japanese regional economic and security cooperation and identify new possibilities in two…
Reuters – Sri Lankan shares edged down on Monday as losses led by consumer discretionary stocks outpaced gains in financials, with foreign investors boosting market turnover to a more than six-week high. The Colombo stock index closed 0.09 percent lower at 6,607.14, further moving away from its highest close since July 31 hit last Thursday….
A four-member delegation from the European Parliament, led by MEP Jean Lambert, will visit Sri Lanka this week. The purpose of the visit is to meet Government and civil society representatives to discuss Sri Lanka’s progress on national reconciliation and its implementation of the international conventions applicable to GSP+. The MEPs will also visit EU-funded…
Bloomberg – It’s going to take more than the biggest stock slump in world history to convince analysts that PetroChina Co. has finally hit bottom. Ten years after PetroChina peaked on its first day of trading in Shanghai, the state-owned energy producer has lost about $800 billion of market value — a sum large enough…
Prime Minister Ranil Wickremesinghe participated at the Annual Sessions 2017 of Sri Lanka Economic Association held on Friday (27th Oct.) at Centre for Banking Studies (CBS) in Rajagiriya. Minister of Special Assignments Sarath Amunugama, Deputy Minister of National Policies and Economic Affairs Harsha De Silva, Governor of CBSL Indrajit Coomaraswamy, and Vice President of…
The Embassy of Sri Lanka in Warsaw, Poland, in collaboration with the Warsaw Hilton, the Colombo Hilton, the Sri Lanka Tourism Promotion Bureau, and Qatar Airways organized a Sri Lankan food festival at the MEZA Restaurant of the Warsaw Hilton Hotel and Convention Center recently. Two professional Sri Lankan chefs from the Colombo Hilton…
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