A 25 member Sri Lankan business delegation led by Sri Lanka – Russia Business Council of the Ceylon Chamber of Commerce together with the Sri Lankan Embassy in the Russian Federation visited Moscow last week. The business delegation, which was led by President of the Sri Lanka – Russia Business Council, Mr. Isuru Samarasinghe, Managing…
The Colombo Stock Exchange (CSE) and the Sydney Stock Exchange (SSX) recently entered into a memorandum of understanding (MoU) to broaden mutual development and create new links between Australian and Sri Lankan businesses and capital markets. The agreement was inked at the backdrop of the Invest Sri Lanka Forum that took place in Sydney last…
Reuters – Sri Lankan shares closed slightly stronger on Tuesday, recovering from a more than one-year closing low hit in the previous session, as foreign investors bought battered stocks while block deals pushed the day’s turnover to a one-month high. The Colombo stock index closed 0.17 percent firmer at 5,985.08, closing below a key psychological…
Sri Lanka High Commission in New Delhi organized a trade and investment promotion event on 21st March at the High Commission premises. The main focus of the event was to promote Sri Lanka’s exports and investments among the members of BRICS Chamber of Commerce and Industry. The event was sponsored by the Department of Commerce…
Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator held the second edition of ‘Consumer Rights’ Forum, featuring an eminent panel of experts , on 28th March 2016 at the Bandaranaike Center for International Studies to mark the occasion of ‘Consumer Rights Day’. This noteworthy initiative by PUCSL reflects the thought leadership in driving…
The Colombo Stock Exchange (CSE) is reportedly facing an unfavourable situation due to the continued slump. By yesterday (27 March) the All Price Index has weakened 4.07% since the beginning of 2017. While the brokering companies are faced with several serious issues under these circumstances, Ada Derana Biz learned that some companies are mulling pay…
Google Duo integration into Truecaller set to bring all-in-one communications app to millions, as Truecaller app adds new messaging and SMS blocking features Truecaller today announced a strategic agreement to integrate Google Duo, a high quality video calling service, within the Truecaller app. This will add a crucial communications layer that strengthens the value…
The expenditure incurred on motor vehicle imports into Sri Lanka during 2016 was 794.8 million US dollars, indicates a recent report on the activities of the foreign unit released by the Economic Research Department of the Central Bank of Sri Lanka (CBSL). Meanwhile, the expenditure on motor vehicle imports during 2015 has been 1,359.6 million…
The Ceylon Chamber of Commerce will conduct a seminar on the topic ‘WTO Trade Facilitation Agreement – What Business Needs to Know,’ under the Trade Intelligence for Private Sector (TIPS) Initiative of the Chamber, which aims to help the private sector to stay up-to-date on international trade issues and advocate for policy changes. The seminar…
HNB Grameen, a dynamic and fast growing finance company that pioneered microfinance in Sri Lanka, recently entered into an equity partnership with Developing World Markets (DWM), a leading emerging markets impact investing firm. DWM purchased 7.93% shares of HNB Grameen, which marks a significant milestone for the company. The partnership was formed after DWM recognized…
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