Reuters – Jan 18 Sri Lankan stocks closed slightly weaker on Wednesday, falling for a third straight session, as investor sentiment took a hit on uncertainty over foreign investments and rising yields on short-term government securities. Yields on treasury bill auctions rose 1-16 basis points at a weekly auction on Wednesday to a four-month high…
The European Union wishes to reiterate that the ratification and implementation of 27 international conventions signed by a succession of Sri Lankan governments, are the only criteria on which the Government of Sri Lanka’s application to rejoin the Generalised Scheme of Preferences Plus (GSP+) is assessed. These conventions relate to international human rights, labour rights,…
SriLankan Cargo (www.srilankancargo.com), the freight handling arm of SriLankan Airlines, set a new record for the amount of cargo handled at the Cargo Centre of Colombo’s Bandaranaike International Airport with a massive total of 239,636 tonnes in 2016, a remarkable growth of 12.88% over the 212,277 of the previous year. SriLankan Cargo handles cargo of…
– 261 luxury apartment housing units will be ready for occupation by end 2020 – Leverages on the booming real estate and housing scope to offer world-class housing at affordable prices Leading infrastructure and property developer, Iconic Developments Ltd, the developer of Iconic 110 Parliament Road, celebrated the beginning of construction of their latest housing…
The effects of domestic NTBs on agricultural export growth A study by Verité Research (VR) together with the Lanka Fruit and Vegetables Producers, Processors and Exporters Association (LFVPPEA) found that domestic barriers faced by Sri Lankan exporters at the border of their own country to be a significant problem. These barriers exist especially for agricultural…
Sri Lanka has signed a US$125 million credit with the World Bank to help the country modernize its agriculture sector. Sri Lanka aims to make the sector more efficient and attractive as a modern business, more responsive to consumer demand, and more environmentally sustainable and resilient to climate change. Sri Lanka’s agricultural sector has evolved…
EVA Air, the award winning airline based in Taiwan, has awarded Hemas Aviation as the General Sales Agent (GSA) for Passenger and Cargo representation in Sri Lanka with effect from 1st January 2017. The opening of the EVA Air office at Hemas Building Fort took place on 2nd January 2017. Hemas Aviation will leverage its…
George Steuart Health, the leading pharmaceutical solutions provider in Sri Lanka has yet again proved their aspiration to deliver the finest medical care to their customers across the island by introducing Allergoff- an allergen neutralizing spray which helps treat symptoms of house dust allergens related allergies. The innovative formula used for this revolutionary product introduced…
Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, introduced an instalment payment system for those who are not able to pay the connection charge for a new electricity connection, in terms of Section 27 of the Sri Lanka Electricity Act, No. 20 of 2009 as amended. “Sri Lanka has named year 2017…
Reuters – Jan 17 Sri Lankan stocks closed lower on Tuesday for a second straight session as investor sentiment took a hit on political uncertainty and as yields on short-term bonds rose. The Colombo stock index ended 0.24 percent weaker at 6,186.52, stepping away from its highest close since Dec. 30 hit on Friday, when…
Video Story
