The Colombo Stock Exchange (CSE) announces the appointment of Mr. Dumith Fernando as a Director of the CSE Board. Mr. Fernando was elected to the position at the 32nd Annual General Meeting of the CSE held on 26th May 2017 in place of Mr. Vajira Kulatilaka who stepped down from the CSE Board at the…
Reuters – Sri Lankan shares closed slightly lower on Tuesday as banking shares fell, but foreign buying capped losses while local investors waited for more clarity on a new tax bill. The Colombo stock index ended 0.18 percent weaker at 6,703.18, its lowest close since June 19. The bourse fell 0.05 percent last week. Foreign…
Ambassadors of Japan in five SAARC countries met Foreign Minister Ravi Karunanayake on 26th June at the Ministry of Foreign Affairs in Colombo. Japanese ambassadors in India, Nepal, the Maldives, Pakistan and Bangladesh; Kenji Hiramatsu, Masashi Ogawa, Kuzumi Endo, Takashi Kurai and Masato Watanabe respectively participated in this meeting. The Japanese ambassadors who hailed the…
The Life Fund of Ceylinco Life crossed Rs 80 billion in May 2017, making it the fastest-growing Life Fund in the local industry, the life insurance market leader has announced. The company said this milestone was achieved in a little more than 29 years of operation, a feat as yet unmatched in Sri Lanka. To…
The upcoming ‘Sri Lanka Economic Summit 2017’ will dig deeper into the Sri Lanka’s latest trade reform agenda anchored towards new preferential trade pacts, tariff liberalization and export promotion, with the participation of an expert line up of speakers, representing both local and international trade bodies. The experts will take their seats at a thematic…
Department of Sri Lanka Railway (SLR) signed an agreement with Prima Company to recommence the transportation of Prima flour from China Bay, Trincomalee to Galle and Seeduwa. It was signed by the General-Manager of SLR B.A.P. Ariyarathne and the General-Manager of Prima Company Tan Beng Chuan today (27th June) at the Railway Department. Under this…
The government cannot always fund its large scale projects on its own. Meanwhile, work on Megapolis is about to start. “Projects such as the Megapolis, of which the implementation is about to start are great openings for Sri Lankan engineers to contribute” said Minister of Industry and Commerce Rishad Bagthiudeen on 24 June at BMICH….
The grand production inauguration ceremony of the Hawassa Industrial Park in Ethiopia that has attracted 18 leading global apparel and textile companies was held on 20th June at the Industrial Park with the participation of the Ethiopian Prime Minister Hailemariam Desalegn, senior Ministers of the government, Ambassadors, senior government officials and the company owners etc….
A step-up fee structure with a revised threshold of Rs. 100 million has been introduced with relation to secondary market transaction fee computations, and will take effect from Tuesday, 27th June 2017. A fee of 1.1200% is set to be applicable to share transactions below Rs. 100 Million while a fee of 0.6125% is…
Tea farmers in Sri Lanka are struggling to make ends meet after their land was destroyed by heavy floods and mudslides last month. The floods, described by authorities as the worst to hit the country in more than a decade, killed more than 200 people and displaced more than 600,000 people from their homes. For…
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