Sri Lanka’s external sector performance remained moderate in June 2016 with a widening trade deficit and relatively low growth in workers’ remittances and tourist earnings. The trade deficit which showed gradual improvements in the first four months of the year deteriorated in May and June with weak performance in both exports and imports. Earnings from…
Tokyo Cement Group and Wildlife Research and Conservation Trust (WRCT) recently entered a MOU that will unite their strengths on Coral Reef Restoration. The organizations will collaborate on coral reef research, rehabilitation and conservation through this MOU, making it one of the key building blocks of Tokyo Cement’s Coral Reef Rehabilitation initiative along the Eastern…
The long-awaited Shortlists of novels for the Fairway National Literary Awards 2016 will be announced on 30th August 2016. With a record number of entries this year this trilingual literary competition in its relatively short period of existence, has aroused intense interest among authors and publishers alike. The authors of each of the shortlisted novels…
Reuters – Sri Lankan shares ended down on Monday while turnover slumped to its lowest in six weeks as investors stayed on the sidelines, stockbrokers said. The benchmark Colombo stock index ended 0.24 percent weaker at 6,523.47, its lowest close since Aug. 12. The bourse fell 0.2 percent last week, posting its second straight weekly…
The Monetary Board has informed Lankaputhra Development Bank Limited Chairman Deshabandu Lasantha Goonawardena that he cannot remain in his position any longer. This announcement had been made by the Monetary Board after having obtained the Attorney General’s advice. The Bank Supervision Department of the Central Bank of Sri Lanka had announced on 24 March 2016…
As the Ceylon Chamber of Commerce is calling applications to recognize and reward the ‘Best Corporate Citizen Sustainability Champions of the year 2016’, its previous year’s winner Sampath Bank says the victory is placed among the Bank’s most prestigious and respected achievements. “The recognition received by an awarding body of such magnitude is an honor…
Domino’s Pizza Enterprises Limited (Domino’s) joined forces with the global leader in drone deliveries, Flirtey to launch the first commercial drone delivery service in the world. The two companies exhibited the first stage of their partnership with a demonstration of pizza delivery by drone in Auckland, New Zealand on August 25th 2016. The successful demonstration…
Advantis Marine, the marine services arm of Hayleys Advantis Limited, offered end-to-end port side logistics support to the USS Frank Cable (AS-40) submarine tender vessel during its recent refueling and port visit to Sri Lanka. Advantis provided all port agency and husbandry services to the vessel while it was berthed at the East Container Terminal…
Malaysia’s exports to Sri Lanka jumped 44 per cent to RM414.05 million in the first half of the year, up from RM286.23 million in the same period last year. Plantation Industries and Commodities Minister (Malaysia) Datuk Seri Mah Siew Keong said the increase was largely contributed by palm oil products valued at RM267.71 million, as…
CA Sri Lanka along with its Public Sector Wing (APFASL) is organizing an International Seminar on Accrual Accounting and implementation of International Public Sector Accounting Standards (IPSAS) as part of SAFA events with the assistance from World Bank in November this year. This seminar will be held along with the Board Meeting and Committee Meetings…
Video Story
