Businesspeople are taking heart from the absence of majorly negative events The dreaded fuel price increase came into effect at state owned petrol stations across the land in May, bringing them in line with the formula based pricing mechanism adopted by the government to comply with IMF lending criteria in the main. This led to…
Reuters – The Sri Lankan rupee hit a fresh record low of 158.90 per dollar on Thursday, as importer dollar demand offset the lack of greenback sales by exporters who expect the currency to drop further, dealers said. The spot rupee hit an all-time low of 158.90 per dollar, surpassing its previous low of 158.80…
Reuters – Sri Lankan shares ended weaker on Thursday, after breaching the psychological barrier of 6,400, pulled down by blue-chip shares such as John Keells Holdings Plc , brokers said. Foreign investors, who were net sellers for the fist time in five sessions, sold a net 114.3 million rupees ($719,773.3) worth of equities on Thursday,…
Leading investment banking services provider, Acuity Partners (Pvt) Ltd joined together with Sri Lanka’s most enterprise oriented bank, HNB PLC, to host a special workshop for a select group of the bank’s best small and medium enterprise (SME) customers on Capital Raising Opportunities for Business Growth. “The SME sector remains one of the country’s most…
SLIM proudly presents the coach of Steve Jobs, John Mattone in Sri Lanka for an exclusive intelligent leadership workshop on 12th and 13th June. The two-day workshop consisting of ‘The Knowledge Forum’ and ‘CEO’s Breakfast Edition’ will be held at the Shangri La and the Cinnamon Grand Hotels respectively. Turning another chapter to mark a…
Reuters – Sri Lanka’s cabinet has approved a proposal for Singapore-based urban planning consultancy Surbana Jurong Pvt Ltd, owned by state investor Temasek Holdings Ltd, to draw up a plan for a Chinese investment zone in the country’s southern port city of Hambantota, a government spokesman said on Wednesday. The move comes after a delay…
Reuters – Sri Lankan shares ended slightly weaker on Wednesday, hovering near their lowest close in over five months hit earlier in the week, led by diversified shares such as John Keells Holdings Plc, while foreign buying helped boost the turnover. Foreign investors bought net 188.4 million Sri Lankan rupees ($1.19 million) worth of equities…
The first printed copy of Annual Business Directory of Western Province of SLT Rainbow pages for 2018/2019 was presented to President Maithripala Sirisena at the Presidential Secretariat Tuesday(5). The Chairman of Sri Lanka Telecom (SLT) Mr. Kumarasinghe Sirisena presented the first copy to President Sirisena. The CEO of SLT Rainbow pages Mr. Malraj Balapitiya and…
The latest statistics released by the Sri Lanka Tourism Promotion Authority indicate that during the first five months of 2018 – from January to May, the total number of foreign tourist arrivals to Sri Lanka is 1,017,819. This is a growth of 14.7% over last year. While 129,466 tourists have arrived in Sri Lanka during…
The Sri Lanka Retailers’ Association (SLRA) recently signed a memorandum of understanding with the Ceylon Chamber of Commerce, for support in organizing and coordinating the Sri Lanka Retail Forum for the 2nd consecutive year. With last year’s Retail Forum seeing success in creating a platform for the Retail Industry to discuss challenges and explore new…
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