The Marriot, a prominent chain of hotels in the world, began operations of its latest luxury hotel at Weligama on 20 July, under the name Marriott Resort & Spa – Weligama Bay. While the ownership rights of this hotel are with Weligama Hotel Properties Ltd., a subsidiary of East West Properties Ltd., what was unique…
The signing of 33 MoUs with 23 drug manufacturing companies to locally manufacture drugs for the State Pharmaceuticals Corporation of Sri Lanka took place recently in Colombo under the patronage of Minister of Health, Nutrition and Indigenous Medicine Dr. Rajitha Senarathne. The new factories will be set up in Horana, Kalutara, Koggala and Kandy generating…
Minister of Finance & Media mentioned this while addressing the participants during a conference organized by the European Chamber of Commerce of Sri Lanka Wednesday (19th July 2017) held at the JAIC Hilton. The full text of his speech is here. I am deeply humbled by the invitation to speak a few words at this…
Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics (DCS), decelerated to 6.3 per cent in June 2017 from 7.1 per cent in May 2017, on year-on-year basis. Both Food and Non-food categories contributed towards the year-on-year inflation in June…
Fitch Ratings has affirmed the ratings of the following finance companies: – People’s Leasing & Finance PLC (PLC) – Central Finance Company PLC (CF) – Melsta Regal Finance Ltd (MRF) – HNB Grameen Finance Limited (HGL) – LB Finance PLC (LB) – Siyapatha Finance PLC (Siyapatha) – Senkadagala Finance PLC (Senka) – AMW Capital Leasing…
Reuters – Sri Lankan shares fell for an eighth session in nine in thin trade on Friday and posted a more than one-month closing low, with blue chips leading the losers. The Colombo stock index ended 0.22 percent lower at 6,669.51, its lowest close since June 14, and its fifth straight session of falls. “The…
Established more than 200 years ago in 1809, Sri Lanka Customs is one of the oldest Customs administrations in the world. In their quest to be a leading promoter of advanced technology driven Customs operations in the region, Sri Lanka Customs created history by implementing a state-of-the-art online payment platform for Customs payments in partnership…
The Cabinet of Ministers this week approved a proposal on preparation of a suitable method to conduct practical examinations for issuing of driving licenses in a more qualitative and productive manner. According to the proposal, a committee of officials will be appointed to prepare reports with suitable recommendations in this regard. The proposal was made…
Export of travel goods from Sri Lanka will enjoy duty free entry to the United States following a decision by the US administration to approve the inclusion of travel goods from all GSP beneficiary countries, including Sri Lanka, in the expanded US General System of Preferences (GSP) scheme on 1st July, 2017. This would enable…
Reuters – Sri Lankan shares fell for a seventh session in eight on Thursday and posted their lowest close in a month with blue chips leading the losers. However, foreign investors bought into risky assets, limiting the downside. The Colombo stock index ended 0.16 percent lower at 6,684.47, its lowest close since June 19, and…
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