Dearth of peelers leaves world’s leading exporter with harvest shortfalls Nikkei Asian Review – Along Sri Lanka’s west coast, towns like Negombo have abundant green cinnamon farms that keep peelers of the bushes’ fragrant inner bark busy. Pesthathanthri Sumathipala, a seasoned peeler, is up at dawn to lead a small crew of peelers through a…
Sri Lankan Embassy in Nepal organized a meeting with the Nepal Travel Agents on 15th June 2017 to promote Tourism. Welcoming the guests, Ambassador W.S. Perera emphasized the importance of promotion of Tourism to further strengthen the economic relations. Most of the participants emphasized the importance of having direct flights between Colombo and…
Reuters – Sri Lankan shares rose on Tuesday as investors picked up banking and diversified stocks, but foreign investors turned net sellers after two days of buying. The Colombo stock index ended 0.32 percent firmer at 6,705.45, with foreign investors selling a net 120.7 million rupees worth of shares. They have bought 20.7 billion rupees…
Qatar Airways has been named the best airline in the world for 2017 by the leading consumer aviation website Skytrax. The Gulf-based carrier was presented with the honor at Tuesday’s World Airline Awards at the 2017 Paris Air Show. The prestigious award ceremony is often referred to as the “Oscars of the aviation industry,” and the…
The government plans to open the Thabbowa tourism Zone in Puttlam next year said State Minister for Irrigation and Water Resources Management Palitha Range Bandara. The tourism zone will be created centering the Thabbowa reservoir and the Thabbowa Sanctuary while the Neelabamma environmental zone will also be included. At a meeting held in Anamaduwa recently,…
Reuters – Sri Lankan shares hit a near one-week closing low in tepid trade on Monday, as selling in diversified and banking shares offset foreign inflow into equities. The Colombo stock index ended down 0.52 percent at 6,684.02, its weakest since June 14. Foreign investors net bought 26.7 million rupees ($174,396) worth of shares, extending…
Government’s plan is to make Sri Lanka an export driven economic and financial hub of the Indian Ocean, Minister of Finance and Media Mangala Samaraweera said. He made these remarks participating at the Board of Governors meeting of the Asian Infrastructure Investment Bank which was held in Jeju Island in Republic of Korea from the…
Jeddah based IDB Group along with IB Growth Fund of ICD, to up their stake to 29.99% Amãna Bank has received an in principle approval from the Colombo Stock Exchange (CSE), for listing of additional shares to be issued through its proposed Rights Issue. Upon securing shareholder approval…
The attention of the Central Bank of Sri Lanka (CBSL) has been drawn to misinterpretation of the facts contained in the newspaper advertisements published by the CBSL in implementation of its Clean Note Policy. The Clean Note Policy has been introduced by the CBSL aiming at maintaining the quality standards of the currency notes and…
The upcoming ‘’Sri Lanka Economic Summit 2017’’ organized by the Ceylon Chamber of Commerce will conduct a dedicated thematic session to discuss, how important it is for the Lankan manufacturing sector to become competitive to attract global markets. The session titled, ‘Realizing New Competitiveness in Sri Lankan Manufacturing’, will line up some of the finest…
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