Biodiversity Sri Lanka will commemorate the International Day of Biological Diversity which falls on 22nd May each year, with an evening session on the UN designated theme for 2017: ‘BIODIVERSITY AND SUSTAINABLE TOURISM’. This session will feature four relevant and illustrative case studies from Sri Lanka and the Asia region presented by Ms Maeve Nightingale…
Reuters – Sri Lankan shares hit a one-year closing high on Tuesday with foreign investors buying blue chips such as John Keells Holdings Plc and as the island nation regained a trade concession from the European Union (EU). The EU on Tuesday said Sri Lanka has regained a lucrative trade concession, mainly for its top…
The ICT Agency of Sri Lanka (ICTA), the nation’s apex ICT Institution under the Ministry of Telecommunications and Digital Infrastructure, announces the launch of Disrupt Asia 2017, Sri Lanka’s Premier Startup Conference and Exhibition, at Trace Expert City on 12th July, at Hilton Colombo. Building on the immensely successful ‘Disrupt Asia’ held last year, ICTA…
An agreement was signed to grant 400 million Yuan to develop the economic and Technical cooperation between China and Sri Lanka at the Public auditorium yesterday (16th May) in Beijing, China. The agreement was signed in front of Chinese Prime Minister Li Keqiang and Sri Lankan Prime Minister Ranil Wickremesinghe by the Chinese Deputy Trade…
Removal of customs duties will be conditional on continued commitment to sustainable development, human rights and good governance. The European Union will remove a significant part of the remaining import duties on Sri Lankan products entering the EU market in exchange for the country’s commitment to ratify and effectively implement 27 international conventions on human…
HNB continued its growth momentum during the first quarter of 2017 with Group PAT growing by 16.4% yoy to surpass Rs 4 Bn while Bank PAT grew by 18.1% yoy to be recorded at Rs 3.65 Bn. Growth in advances coupled with the rise in interest rates enabled interest income growth in excess of 45%…
The landmark Memorandum of Agreement (MoA) signed between two of the country’s leading accounting bodies, has now paved the way for CIMA members to obtain the membership of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the national body of accountants. Accordingly, CIMA members who complete the necessary modules and the…
Sri Lanka Telecom Group released its results for the 1st quarter 2017. The group comprises of 7 subsidiaries and the Holding Company. During the 1st quarter 2017 the group reported Rs. 18.7 billion, with a revenue of 1.4% year on year growth. Tax changes made by the government had an adverse impact on the Group’s…
Reuters – Sri Lankan shares ended marginally lower on Monday, slipping from a near one-year high hit last week, as investors waited for some clarity after the finance ministry said a new tax structure is being considered under reforms. Finance Minister Ravi Karunanayake on Sunday said a new tax revenue proposal, which has yet to…
Commercial Bank of Ceylon PLC has made a characteristically robust start to 2017, reporting solid income and profit growth for the three months ending 31st March 2017 and weathering a further reduction in margins and a substantial increase in taxation. The Bank reported profit of Rs 6.341 billion before VAT and NBT, reflecting growth…
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