Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics, increased to 8.6 per cent in March 2017 from 8.2 per cent in February 2017, on year-on-year basis. Both Food and Non-food categories contributed towards the year-on-year inflation in March 2017….
Minister of Finance Ravi Karunanayake speaking at the U.S. Chamber of Commerce highlighted prospects for increasing bilateral trade and U.S. investment in Sri Lanka at a breakfast roundtable meeting hosted by the US Chamber of Commerce. Minister Karunanayake was in Washington leading Sri Lanka delegation to the IMF-World Bank Spring Meetings. Alluding to many…
Reuters – Sri Lankan shares gained on Friday to hit a more than six-month closing high on foreign buying in market heavyweight John Keells Holdings, helping boost the overall sentiment. Foreign investors net bought equities worth 1.35 billion rupees ($8.88 million) on Friday, extending the week’s net foreign buying to 6.56 billion rupees. Foreign investors…
Following the landmark deal by Hilton to manage six more hotels in Sri Lanka, senior management of the Hilton met visiting Finance Minister Ravi Karunanayake in Washington D.C. on the sidelines of the ongoing World Bank and IMF meetings. Senior Vice President of Hilton Jonas Neihardt met with Minister Karunanayake, facilitated by Nisha Biswal, Senior…
In the aftermath of the recent unfortunate incident in Meethotamulla, the ‘Waste Free-Clean City project in Karadiyana, which has been awarded to Fairway Waste Management (PVT) Ltd, is a timely measure towards ensuring that such a national calamity will never occur in future again. Following the launch of this Project by the government, Fairway Waste…
The Sri Lanka Institute of Marketing (SLIM), the national body for marketing has elected Elangovan Karthik as its 39th president at the 47th AGM held on the 29th of March at the Kingsbury hotel, with a new council along with the ten-member executive committee of SLIM for the year 2017/18. The Council of Management for…
Reuters – Sri Lankan shares hit a more than six-month closing high on Thursday as retail investors too joined a market rally led by heavy foreign buying over the last 20 sessions. Foreign investors net bought 697.5 million rupees worth equities on Thursday, after buying a net 4.32 billion rupees ($28.42 million) worth of shares…
Dispenses Rs 23.9 billion in first 14 days of April, helping the nation celebrate ‘Avurudu’ A record Rs 23.9 billion in cash flowed out of the automated teller machines (ATMs) of the Commercial Bank of Ceylon in the first 14 days of April as Sri Lanka’s largest private bank facilitated the celebration of the…
WEST Australian cattle exporter Wellard will soon be looking for dairy heifers from Australia to fill contracts it has in Sri Lanka. The company has sourced 2000 pregnant Friesian-Jersey cross heifers from New Zealand as the first shipment to fill a 20,000 head contract. Wellard breeding and dairy general manager Colin Webb said the NZ…
The company will provide elevators, escalators as well as solutions for maintenance and modernisation. NEW DELHI: KONE Elevator India has tied up with Scan Engineering to enter into the Sri Lanka market. The company will provide elevators, escalators as well as solutions for maintenance and modernisation. Explaining their move Amit Gossain, Managing Director, KONE Elevator…
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