Eco Waste Disposers recently introduced a product which offers a unique solution to Sri Lanka’s garbage problem. The garbage disposers eases the hassle of collecting and disposing food waste in residential and commercial establishments. This unit grinds nearly all types of food waste including chicken bones, egg shells and fruit & vegetable peels. The ground…
Reuters – Sri Lankan shares extended falls into a second session on Monday, closing at their lowest in nearly eight months, as foreign investors sold blue chips such as conglomerate John Keells Holdings Plc. The Colombo Stock Index dropped 0.28 percent to 6,357.41, its lowest close since April 17. It fell 0.6 percent last week…
Unilever Sri Lanka, the United Nations Development Programme (UNDP) Sri Lanka and the United Nations Global Compact (UNGC) Sri Lanka together announced the initiation of strategic public-private partnerships (PPPs) around the country’s key priorities related to the 2030 Sustainable Development Goals (SDGs) at a media conference held on 7th December. Taking this message to the…
The Embassy and Permanent Mission of Sri Lanka in Vienna, and the members of the Sri Lankan expatriate community participated in the United Nations Christmas Charity Bazaar held at the Austria Centre in Vienna on 1st and 2nd of December 2017. This Bazaar is an annual event organized by the United Nations Women’s Guild. The…
The Colombo Stock Exchange (CSE) announces the appointment of Mr. Dilshan Wirasekara as a Director of the CSE Board with effect from 21st November 2017. Mr. Wirasekara is an investment banker and the Director/Chief Executive Officer of First Capital Holdings PLC. He is an experienced professional with a career spanning over 22 years, comprising diversified…
The first comprehensive and almost step by step guide for Lankan exporters to export under European Union’s GSP Plus scheme has been released. Welcoming the publication of the comprehensive manual on Thursday (7th Dec.), Minister of Industry and Commerce, Rishad Bathiudeen said the manual is another proof of the unity government’s transparent approach to international…
Merchandise exports grow 10.3% (Jan-Oct) Monthly exports top US$ 1 Billion 3 times this year FDI grows to US$ 800 Mn (Jan-Sept), exceeds 2016 total As Sri Lanka’s pro-growth reforms gather pace, amidst an improving external economic environment, exports and foreign direct investment (FDI) have shown substantial increases this year compared to last year. According…
Reuters – Sri Lankan shares closed steady on Thursday, after three straight losing sessions, as gains led by financials were offset by losses in mid-cap stocks. The Colombo Stock Index firmed 0.03 percent at 6,382.95, hovering around a near three-month closing low hit in the previous session. Sampath Bank and Commercial Bank of Ceylon gained…
IMF Executive Board completed the third review of Sri Lanka’s Extended Fund Facility arrangement, which enables the disbursement of about US$ 251.4 million. While the authorities met fiscal targets and legislated the income tax reform, further consolidation is necessary, given Sri Lanka’s high debt burden and large gross financing needs. Further buildup of international reserves…
Jetwing Symphony Limited (JSL) announced the opening of its Initial Public Offering (IPO) on December 14, 2017 in a bid to raise between Rs. 753 million to Rs. 904 million. JSL intends to offer 50, 218, 856 ordinary voting shares to the public (a 10 percentage stake) at a price range of Rs. 15.00, Rs….
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