Reuters – Sri Lankan shares posted their second straight session of gains on Friday, further moving away from the lowest close in more than four months hit this week, as foreign investors picked up beaten down shares. The Sri Lanka parliament on Thursday passed tax reforms that should simplify the tax system, widen the tax…
Indian energy giant Petronet LNG is forming a joint venture with partners from Japan and Sri Lanka to build a shore-based LNG-import terminal near Colombo. Petronet’s announcement ends months of speculation. It comes after Indian prime minister Narendra Modi signed a memorandum of understanding with Sri Lanka when he visited Colombo in May. The company…
The Ceylon Chamber of Commerce will hold a seminar on the newly passed ‘Inland Revenue Act’ on the 11th September, 2017, which will be addressed by the State Minister of Finance, Honorable Eran Wickramaratne. The State Minister of Finance, who will be the keynote speaker is expected to explain to the audience, the rationale for…
Reuters – The Sri Lankan rupee ended marginally weaker on Friday as importer dollar demand outpaced selling of the U.S. currency by exporters and banks, dealers said. The spot rupee ended at 152.80/85 per dollar, compared with Thursday’s close of 152.70/80. “There was importer dollar demand today and not much exporters in the market,” said…
Sri Lanka Pakistan Business Council of the Ceylon Chamber of Commerce hosted recently a delegation from the Lahore Chamber of Commerce and Industry (LCCI). LCCI is the oldest and largest trade body in Pakistan with strong credentials having a large membership base standing around 20 thousand members. LCCI’s history dates back to the early part…
Singularity University’s Dr. Clarence Tan, and other prominent industry leaders, headlining Next month’s Asian Business Angel Forum (ABAF) 2017 will feature prominent international speakers from Silicon Valley (USA), Australia, UK, Hong Kong, China, Korea, Israel, India, Malaysia, Singapore, Pakistan and Bangladesh. Sri Lanka won the chance to host this prestigious event for the first time,…
Reuters – Sri Lankan shares on Thursday edged up from their lowest close in more than four months hit in the previous session, as foreign investors bought battered shares. The Colombo stock index ended 0.02 percent higher at 6,362.18, recovering from its lowest close since April 17 hit on Wednesday. The bourse ended 0.3 percent…
Launches new range for top European and Japanese marques like Benz, BMW, Audi & Land Cruiser Prado A year after its successful foray into the premium automobile segment in Europe, CEAT has entered the ‘big league’ in the Sri Lankan market with a range of radial tyres globally benchmarked for top nameplate marques. The launch…
As Sri Lanka-Bangladesh trade continued its steady climb, a top Bangladeshi Minister has recently issued a high level call for speedier Free Trade Agreement with Sri Lanka, to conclude as early as next year. And the yet another SL-B’desh Working Group on Trade is also to take place in Colombo -anytime. “Our present bilateral trade…
A farewell Dinner was organized by the Sri Lanka – Russia Business Council of the Ceylon Chamber of Commerce recently at the Colombo Swimming Club. The event was organized to bid farewell to His Excellency Alexander Karchava and in recognition of the tremendous services rendered during his tenure as the Patron of the Council. His…
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