Sri Lanka agreed to partner with one of the largest export exhibitions in the Eurasian Economic Union (EEU) region last week. As a result, almost five million visitors attending the largest global export exhibition in the EEU region will be sampling the Lankan export portfolio for three months in Astana. “Astana EXPO-2017 is a valuable…
Ranked No 1 for Honesty for 4th consecutive year, No 1 in Financial Performance for two years in a row The Commercial Bank of Ceylon has been rated the most respected bank in Sri Lanka for the 12th year running and the second ‘Most Respected’ corporate entity in the country overall for the sixth successive…
Reuters – Aug 15 Sri Lankan shares ended at more than 11-week high on Monday as investors bought beverage and banking shares amid foreign buying into the island nation’s risk assets boosted sentiment. The benchmark Colombo stock index ended up 0.93 percent, or 60.46 points, at 6,582.60, its highest close since May 25. “The market…
An investment friendly environment has currently been created in Sri Lanka, the United States of America states. United States Assistant Secretary for Economic and Business Affairs Charles H Rivkin told this during his meeting with Minister of Finance Ravi Karunanayake at the Finance Ministry recently (August 12). The visiting State Secretary who praised the current…
Following an announcement in 2014 on the intention to progress opportunities in the Sri Lankan sapphire and gemstone sector, Gemfields plc, the world’s leading supplier of responsibly sourced coloured gemstones is pleased to announce next steps in this regard. The company will shortly call for expressions of interest from local mining companies with a view…
Asian Development Bank (ADB) Provides USD 128 million for the implementation of the Greater Colombo Water and Wastewater Management Improvement Investment Program – Tranche 3 The Greater Colombo Water and Wastewater Management Improvement Investment Program is an ongoing priority development program of the Government which is implemented with the Multi Tranche Financing Facility (MFF) of…
Sri Lanka and Norway will take steps to increase cooperation in several areas, including fisheries, information technology, energy, hydro and solar power as well as oil and gas exploration. This was revealed during the bilateral discussions held between President Maithripala Sirisena and visiting Norwegian Prime Minister Erna Solberg at the Presidential Secretariat today (12th Aug.)….
As year-on-year bilateral levels surged by 6.3%, overall trade volumes between India and Sri Lanka too has edged towards a historic mark-just $83 million shy of coveted $5Bn threshold. “We are on the verge of important turning points in our bilateral trade history” said Minister of Industry and Commerce Rishad Bathiudeen on 11 August in…
National Development Bank PLC and its Group companies posted a Profit Attributable to Shareholders (PAS) of LKR 1,083 million for the first six months of 2016. Despite growth in core banking operations, the PAS was a reduction of 25% in comparison to the corresponding period of 2015, mainly attributable to the increase in impairment charges….
Datsun will launch the Redigo in Sri Lanka in September. The hatchback will be produced in India and exported to the former country. Datsun will offer the Redigo through Associated Motorways (Private) Ltd. (AMW) in Sri Lanka. This dealer network is Nissan’s long-time partner in the country and will now take care of the sales…
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