Reuters – Sri Lankan shares ended little changed on Monday, a week after attacks aimed at Muslim-owned properties by Sinhala Buddhist hardliners hurt sentiment, as investors awaited for fresh cues, dealers said. The situation has improved in the communal violence-hit district of Kandy, but foreign investors were seen largely keeping to the sidelines for want…
Destination Sri Lanka was a hot favorite at the world’s leading travel and trade show ITB, which opened in Berlin, Germany last week.The event is the largest global tourism platform connecting more than 180 countries with thousands of potential buyers from all parts of the globe. Although news of the events in Kandy over the…
Sri Lanka will record an improved performance in the export sector and the value and volume is expected to increase this year, the Export Development Board (EDB) Chief said. “Merchandise exports are expected to grow by 12% in 2018 with EU GSP+ and with the growth in NES (National Export Strategy) focused sectors. Meanwhile, services…
Over 235,618 international tourists visited Sri Lanka during February 2018. In comparison to February last year, this marks a growth of 19.3%. This month, the largest source market for tourists to Colombo was China, followed by India and the United Kingdom. Almost 98% of tourists had travelled by air. As at February 28, this year…
Sri Lanka will be looking at a new business model for growth in the apparel sector which is expected to surpass the US $ 5 billion mark in exports this year.“We are planning to have a different approach to the apparel sector and to implement a new model of business to reach $ 5 billion…
Reuters – Sri Lanka’s economy remains vulnerable to adverse shocks due to its large public debt and low external buffers, the International Monetary Fund said on Friday. The economy is gradually normalising following a series of weather-related shocks in 2017 and may grow 4.4 percent this year, the IMF said in a statement. This is…
Reuters – Sri Lankan shares rose for a second straight session on Friday as foreign investors bought into risky assets with some improvements in the communal violence-hit district of Kandy. Police said on Thursday it had arrested the suspected leader and nine others suspects behind a wave of anti-Muslim attacks by Sinhalese Buddhist hardliners in…
Thailand Week Trade Fair and Business Opportunity with Thailand opens today 9th March 2018 in BMICH. The Grand opening was honored by the presence of Hon. Malik Samarawickrama, Minister of Development Strategies and International Trade along with H.E. Mrs. Chulamanee Chartsuwan Ambassador of Thailand to Sri Lanka. Ms. Jittima Nakamano, Director of Thai Trade Center,…
Having recognized the importance and urgency of implementation of Kirama Katuwana Water Supply Project and project for Augmentation of Water Pipelines along with the Orugodawatta Ambatale Road Development Project, the Government has now been able to finalize the funding arrangements with foreign and local banks. Accordingly, UniCredit Bank of Austria has agreed to provide Euro…
Reuters – Sri Lankan shares on Thursday recovered from a more than one-month closing low hit in the previous session, helped by gains in market heavyweight John Keells Holdings Plc, although investors remained concerned about communal violence. After days of violence, a curfew in the town of Kandy was temporarily lifted on Thursday. “But investors…
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