Textiles and garments industry in Sri Lanka depends heavily on imported raw material and accessories. More than 70 per cent of the raw material and 70pct -90pct of the accessories used in this industry are imported. Since fabrics and accessories account for more than 70pctof the cost of production, lack of backward linkages is a…
Plans to undertake a feasibility study and do the groundwork for the project Sri Lanka will soon kick-start the process of setting up a solar power plant in eastern port town Trincomalee after discussions with India, which is partnering the Government in the initiative. “The next step would be to undertake a feasibility study and…
Court refuses injunction to prevent the Airline doing its own duty-free operations Hon. Ruwan Fernando, Judge of the Commercial High Court, Colombo, on 23rd June 2017, refused the Interim Injunctions sought by DFP Canada Ltd against SriLankan Airlines Ltd. The Court also dissolved the enjoining orders previously issued. DFP Canada Ltd (DFP) filed action claiming…
Minister of Finance and Mass Media Mangala Samaraweera yesterday (28th June) met the representatives of the Chamber of Provincial Entrepreneurs at the Ministry of Finance and held discussion to iron the difficulties faced by them. The representatives briefed Minister Samaraweera on the issues faced by them especially with regard to the calculation of taxes. They…
Reuters – Sri Lankan shares closed slightly lower on Wednesday as blue chips fell, but foreign buying capped losses while local investors continued to wait for more clarity on a new tax bill. The Colombo stock index ended 0.09 percent weaker at 6,697.08, its lowest close since June 19. The bourse fell 0.05 percent last…
The second Sri Lanka-Japan Dialogue on “Maritime Security, Safety and Oceanic Issues” was held at the Ministry of Defense (MoD) yesterday (27th June). Acting Secretary Defense for MoD R.P.R. Rajapaksha and Director Southwest Asia Division, MOFA Takashi Ariyoshi headed Sri Lanka and Japan delegations respectively. During the meeting, both parties had cordial discussions…
President of the South Korean Human Resources Development Service of Korea, Prof. Park Young-bum said his country would consider increasing the employment quota for Sri Lanka workers. He stated this when President Maithripala Sirisena asked about the possibility of increasing the employment quota for Sri Lankan agricultural workers, when Prof. Park called on him…
TVS King, the 200 cc passenger three-wheeler, will be launched in the Sri Lankan market. Indian two-wheeler manufacturer TVS Motor Company has joined hands with Abans Auto for its three-wheeler exports to Sri Lanka, the company said. Through this tie-up, TVS King, the 200 cc passenger three-wheeler, will be launched in the Sri Lankan market,…
IATA Global Training Partner Conference 2017 in Colombo SriLankan Airlines and the SriLankan Aviation College placed Sri Lanka firmly in the centre of the international air travel industry’s focus, with the successful hosting of the industry’s premier annual training-oriented event, the IATA Global Training Partner Conference 2017 in Colombo for the first time. More than…
Tunisian envoy to Sri Lanka His Excellency Nejmeddine Lakhal says commercial ties between Sri Lanka and Tunisia should be enhanced, as two-way trade between the two nations stands at a negligible level at present. His Excellency, who is based in New Delhi made this comment, when he visited the Ceylon Chamber of Commerce on Tuesday…
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