Lanka Salt Limited (LSL) in Hambantota with the new administration under the present government has made a net profit of Rs.990 million within two years. The new administration has been appointed in March 2015 when the company was making a loss of Rs. 330 million. The LSL under the previous government in 2014 had an…
According to the provisional estimates of the Department of Census and Statistics (DCS), the Sri Lankan economy is estimated to have grown by 4.1 per cent during the third quarter of 2016 compared to the growth of 5.6 per cent in the corresponding period of the previous year. Services activities grew by 4.7 per cent,…
Reuters – Sri Lankan shares fell on Friday, posting a yearly decline of about 10 percent, in thin trade due to year-end holidays, while investors waited for directions from the central bank on the rupee and interest rates. The central bank is most likely to keep its key interest rates steady at a monetary policy…
The shares of Melstacorp Limited (CODE: MELS) commenced trading on the Colombo Stock Exchange (CSE) today (30). The shares, which were listed by introduction on the Main Board of the CSE have been classified under the ‘Diversified Holdings’ sector. The occasion was marked by a special Bell Ringing ceremony hosted by the CSE. Managing Director…
Reuters – Sri Lankan shares touched a more than one-week closing high on Thursday led by financials, with shares of Pan Asia Banking Corporation Plc accounting for 85 percent of the day’s turnover. The Colombo stock index finished 0.28 percent higher at 6,245.71, moving away from its lowest close since April 6 hit on Tuesday….
The Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) wishes to announce that despite the negative economic impact consequent to the implementation of the price ceiling on 48 essential molecules, SLCPI members have made every effort possible, to ensure the continuity of the supply of medicines to the market. The SLCPI is happy to announce that…
The Consulate General of Sri Lanka participated in a series of trade related activities in the third quarter of the year to promote Sri Lanka and to explore new areas for economic cooperation in South China especially in the context of the proposed Free Trade Agreement between Sri Lanka and China. The participation at the…
Introducing a series of invaluable business and commercial opportunities to the Sri Lankan market, the Pakistan High Commission in partnership with Trade Development Authority of Pakistan (TDAP) announced the second consecutive Pakistan Single Country Exhibition. The three day exhibition is set to take place from 13th to 15th January 2017 at the BMICH. The event…
ADB Provides loan assistance of USD 150 million for the implementation of Green Power Development and Energy Efficiency Improvement Investment Program – Tranche 2 The implementation of Green Power Development and Energy Efficiency Improvement Investment Program will support the Government’s objective of enhancing clean power generation, system efficiency and reliability. The total investment cost of…
The Commercial Bank of Ceylon has been declared the ‘Best SME Bank’ in Sri Lanka in 2016 by International Finance Magazine (IFM) of the UK, for ‘making a significant difference and adding value, and achieving the highest standards of innovation and performance’ for Small and Medium Enterprise clients. The award also recognises the Bank’s contribution…
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