The Central Bank of Sri Lanka (CBSL) disclosed that Prosperity, measured by the Sri Lanka Prosperity Index (SLPI), which is a composite indicator that measures and compares the level of prosperity of the country and across its provinces, improved to 0.746 in 2016 from 0.685 in the previous year. In analyzing the movements of the…
The Department of Census and Statistics (DCS) has released the bulletin of the latest survey on computer literacy in Sri Lanka conducted during first six months of 2017. Director General of DCS Dr. Amara Satharasinghe said that Computer Literacy rate among those in the age group of aged 5-69 years of Sri Lanka has been…
This government has not given any approval to produce spirits making use of rice as a raw material to any distilleries, Ministry of Finance and Mass Media says. Issuing a press release Tuesday (5th Dec.) it says that there are 14 distilleries in Sri Lanka and they use Palmyra toddy, coconut toddy, molasses, maize and…
Reuters – Sri Lankan shares extended falls into a second session on Tuesday and closed at their lowest in nearly three months, dragged down by beverage stocks. The Colombo Stock Index ended down 0.24 percent at 6,390.55, its lowest close since Sept. 14. It fell 0.03 percent last week, recording its fourth straight weekly drop,…
STAX was recently invited by International Enterprise (IE) Singapore to brief Singaporean businesses on high-growth sectors in Sri Lanka, at a seminar entitled ‘Sri Lanka Investment Opportunities 2017’. IE Singapore is a government agency that promotes international trade and works with Singaporean companies to help them go global. Sanda Wijeratne, a Manager at Stax, presented…
The Monetary Board of the Central Bank of Sri Lanka (CBSL) on 06.11.2017 decided to issue a notice of cancellation of the Licence issued to Central Investments and Finance PLC (CIFL) to carry on finance business under the Finance Business Act No. 42 of 2011. CIFL was confronted with severe liquidity crisis since 2013 due…
Reuters – Lamborghini unveiled its first sport-utility vehicle (SUV) on Monday, as the Volkswagen-owned luxury sportscar brand strives to grab a share of a fast-growing market. Produced at its Sant‘Agata Bolognese headquarters in Italy, Lamborghini believes the model could double its annual sales volumes, which stood at 3,457 last year. Called the Urus, which links…
The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) and the Ministry of Foreign Affairs, Sri Lanka will host a dialogue on “BIMSTEC at 20 – Priorities for the Future.” The event will be held on Friday, 8 December 2017 from 4:30 PM to 6:00 PM at the Lighthouse at LKI, 24 Horton…
Perceived Economic Opportunity PEO: August, 2017 This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. STATUS OF JOB PROSPECTS…
The largest IPO to be launched in Sri Lanka since 2015 Leading energy company and a subsidiary of Lanka Ventures, the LVL Energy Fund Limited recently announced a Rs. 1.2 billion initial public offering (IPO) to fund its strategic expansion and growth in the renewable energy sector. The IPO will be the largest IPO listing…
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