The Heart of Gulf -the gateway multi-billion Gulf market- is so impressed by the diverse and high-quality range of locally made exportable products in Sri Lanka, it even called them to be “viable investment opportunities for partnering”. “Specific Sri Lankan industrial product lines such as organic food, beverages and speciality jewellery are of high quality…
Introduces ‘Boost Your Business’ to southern Sri Lankan businesses in partnership with ICTA Continuing with its recently announced partnership with the Information and Communication Technology Agency (ICTA) of Sri Lanka to train local entrepreneurs in digital marketing skills, Facebook is bringing its globally renowned ‘Boost Your Business’ workshop to the southern region of Sri…
69,000 new tax files have been opened in Sri Lanka’s government revenue office – Inland Revenue Department during last two months compared to the 400,000 total tax files that were opened to date, Sri Lanka’s Finance and Media Minister Managala Samaraweera told reporters on Tuesday (June 19th). Further speaking to reporters Inland Revenue Department (IRD)…
The Director General of the International Rice Research Institute (IRRI) said that they are ready to provide required technical assistance in utilizing satellite technology to reduce the impact of climate change on the country’s rice production. The Director General of the IRRI Dr. Matthew Morell made these remarks when he and his delegation met with…
Recently released LMD-Nielsen Business Confidence Index (BCI) survey reveals that economic optimism in May this year remained relatively unchanged from the previous month, and analysts also highlight that economic sentient remains dull. Although 7% (up from 5% in the previous month) of corporate executives believe economic conditions will improve over the next 12 months according…
Reuters – Sri Lankan shares fell for a ninth consecutive session on Tuesday to their lowest close in more than a year, led by losses in heavyweight John Keells Holdings Plc. The Colombo stock index ended 0.71 percent weaker at 6,265.73, its lowest close since April 6, 2017. Depreciation of the rupee, which hit a…
Veteran aviator, Capt. Milinda Ratnayake has been appointed as the Vice Chairman of the Airport Authority. Clocking over 15,000 hours of flying passenger aircrafts he has witnessed the operations of Air Ceylon, Air Lanka and Sri Lankan Airlines for over 40 years. Besides his flying career, he also possesses a wealth of managerial experience overlooking…
The Census and Statistics Department yesterday said that Sri Lanka’s economy grew by 3.2% year on year in the first quarter of 2018, slowing marginally from 3.5% expansion seen in the fourth quarter of 2017. Accordingly, the Gross Domestic Product (GDP) calculation, which uses 2010 as its base year, for the first quarter of 2018…
Foreign investors had pulled out Rs. 2.7 billion (over US $ 16.9 million) in a week, latest Central Bank data showed. Accordingly government securities (Treasury Bills and Treasury Bonds) held by foreign investors had come down from Rs. 304.45 billion to Rs. 301.73 billion from the period of 6th June to 13th June 2018, according…
Reuters – Sri Lankan shares fell for an eighth consecutive session on Monday to their lowest close in more than a year, as foreign investors sold shares, with block deals boosting the day’s turnover. The Colombo stock index ended 0.33 percent weaker at 6,310.51, its lowest close since April 11, 2017. The index dropped 0.4…
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