Reuters – Sri Lankan stocks fell to a near one-week closing low on Wednesday as investors booked profits in diversified and telecom shares while concerns over a proposed tax bill weighed on overall investor sentiment. The Colombo stock index ended 0.36 percent down at 6,709.76, its lowest close since June 29. The bourse hit 18-month…
Minister of Finance and Mass Media Mangala Samaraweera presented a proposal to the Cabinet of Ministers to prepare the Budget 2018 on Performance based budgeting. According to the proposal, the Macro – Public Finance Framework for preparation of budget 2018 aims to achieve several targets in 2020 including increasing the public income up to 16.5%…
The Chartered Management Institute (CMI) – UK’s Sri Lanka Branch, has announced a knowledge sharing forum, titled ‘GSP Plus: Unlocking untapped potential’ in association with KPMG in Sri Lanka on 10th July from 5.00 to 7.30 p.m. at Jetwing Hotel, Colombo. The event will feature a presentation by M.P. T. Cooray, Secretary General, Joint Apparel…
The location of the land on which the estimated two billion US dollar project ‘The World Capital Centre’ complex for which an agreement had been signed recently with the Sri Lanka Board of Investments, has reportedly been not earmarked so far. A spokesman for ‘The World Capital Centre’ said the land for this project is…
Attributed to an Emirates spokesperson: “Effective immediately, the electronics ban has been lifted for Emirates’ flights from Dubai International Airport to the U.S.A. Emirates has been working hard in coordination with various aviation stakeholders and the local authorities to implement heightened security measures and protocols that meet the requirements of the US Department of…
Dr. Arvind Subramanian, the Chief Economic Adviser of the Government of India will attend as the keynote speaker of the Sri Lanka Economic Summit 2017 inaugural session. Subramanian, a Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and Senior Fellow at the Centre for Global Development will speak at the inaugural session…
Beats terminals in China, South Korea, Thailand, Indonesia and Philippines to win coveted AFLAS award The CMPort managed Colombo International Container Terminals (CICT), the only deep water terminal in the Port of Colombo, has been voted the Best Container Terminal (under 4 million TEUs) in Asia at the prestigious Asian Freight, Logistics and Supply…
The iconic Galle Face Hotel is bustling with excitement with preparations to celebrate 150 years of Ceylon Tea on 6th July. The Colombo Tea Traders’ Association (CTTA), along with the Sri Lanka Tea Board (SLTB) will host a “Global Tea Party” at the Galle Face Hotel to celebrate our nation’s history as a world class…
A delegation of representatives from the Japanese Chamber of Commerce and Industry in Sri Lanka, accompanied by the Japanese Ambassador to Sri Lanka, Kenichi Suganuma, called on the Minister of Finance and Media Mangala Samaraweera at the Ministry of Finance on Monday (3rd July). The representatives briefed Minister Samaraweera on various investment projects undertaken by…
Reuters – Sri Lankan stocks posted marginal gains on Tuesday and ended near an 18-month high hit last week as telecom shares rose, while foreign investors continued to buy the island nation’s risky assets. Concerns over a proposed tax bill however weighed on overall investor sentiment, analysts said. The Colombo stock index ended 0.02 percent…
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