The Department of Census and Statistics (DCS) has released the estimated Gross Domestic Product (GDP) and other macroeconomic indicators for the fourth quarter of 2016 and for the year of 2016. Sri Lanka experienced inclement weather during the year 2016. Particularly, the severe flood experienced in second quarter of 2016 and the drought prevailed…
The High Commission of Canada to Sri Lanka and Embassy of Canada to Maldives is aware of recent erroneous media reporting on entry/visa requirements for Sri Lankan business and tourist travellers suggesting changes to Canada’s entry requirements for Sri Lankan travellers. This reporting is false. Sri Lankan citizens require visas for travel to Canada. There…
Australia’s internet speed has ranked as the 51st slowest out of 108 countries around the world, lagging behind underdeveloped nations such as Kenya and Sri Lanka. Australia’s online bandwidth has pathetic internet speeds compared to Norway, Sweden, Hong Kong, Switzerland, Denmark and Singapore – which all have speed above 20 megabits per second (mbps). South…
Sri Lanka has been invited to deliver the key-note address at the 4th High Level Dialogue on Financing for Development in Asia and the Pacific. The official invitation was handed over to Finance Minister Ravi Karunanayake by the Executive Secretary of the United Nation’s Economic and Social Commission for Asia and the Pacific Ms. Shamshad…
Reuters – Sri Lankan shares fell for a seventh straight session on Wednesday to a near one-year closing low as expectations of a possible interest rate hike weighed on sentiment, after the International Monetary Fund urged the central bank to tighten monetary policy. The Colombo stock index closed 0.2 percent lower at 6,032.16, its lowest…
MaGIC, the Malaysian Global Innovation & Creativity Centre, has launched a new accelerator program called the Global Accelerator Program (GAP). First announced by Prime Minister Najib Razak during the inaugural Global Entrepreneurship Community (GECommunity) 2016, GAP is an evolution of MaGIC’s Accelerator Program (MAP), taking the highly popular program to the global stage after three…
Foreign Minister of Korea Yun Byung-se expressed the keenness of the Government of Korea to invest in the fields of Research and Development, Information Technology, Health, and Education. Meeting with Prime Minister Ranil Wickremesinghe yesterday (15th March) at Temple Trees the Korean Foreign Minister also expressed that his government is keen on investing in the…
The Colombo Stock Exchange (CSE), in association with the Securities and Exchange Commission of Sri Lanka (SEC), the Sri Lankan High Commission in Australia and with the participation of Stockbroker firms and Unit Trust Companies, will host a series of ‘Invest Sri Lanka’ Forums in Australia and New Zealand (ANZ). The Forums, which are set…
Development Strategies and International Trade Minister Malik Samarawickrama accompanied by Ambassador Rodney Perera met with European Commissioner for Trade Cecilia Malmström on 12th March at the European Commission in Brussels. The Minister discussed with Commissioner Malmström prospects for increasing bilateral trade and investment from the European Union with the enhanced opportunities expected following the Commission…
Department of Census and Statistics (DCS) has released monthly Index of industrial Production (IIP) for January 2017. According to the Director General of DCS, Dr. A.J Satharasinghe from January, 2017 the IIP is released monthly with a time lag of 42 days considering 2015 as the base year. He stated that the IIP; the volume…
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