The Ceylon Chamber of Commerce today released a document containing recommendations on helping Sri Lanka’s industries prepare for trade liberalization. The policy brief titled, ‘Building Resilience, Supporting Growth: Preparing the Domestic Private Sector for Trade Liberalization’, provides insights on how to consider the types of firms, as well as types of impacts, in a wide-ranging…
Reuters – Sri Lankan shares ended slightly weaker on Thursday, down from a four-week closing high hit in the previous session, as investors sold diversified and telecom shares after a three-day rising streak. The Colombo stock index fell 0.03 percent to end at 6,173.72, sliding from its highest close since Jan. 18 hit on Wednesday…
Situated on the outskirts of Colombo and surrounded by the tranquil waters of the Diyawanna, Waters Edge Battaramulla is known globally for its breathtaking views and plethora of restaurants that serve up gourmet cooking from around the world. It is also a preferred choice for those who desire breathtaking venues for special events that are…
With the significant growth in real estate and commercial infrastructure and the increasing need for alternative cost-saving economical maintenance options, Oxford Elevators Company (OEC) recently launched its operations in Sri Lanka. This was under the vision and direction of OEC Founder and Chairman Mr. S J Kader Sahibu. Established in Sharjah- United Arab Emirates (UAE),…
SriLankan Airlines added yet another accolade when China’s Top Travel magazine named it the Best Airline in South Asia at the 10th Annual Top Travel Awards, recognizing SriLankan’s continuous efforts at expanding travel between China and Sri Lanka. This is the latest in a string of awards for Sri Lanka’s National Carrier. SriLankan Airlines was…
By now Sri Lanka faces the risk of losing the Google Loon Project, said Telecommunications & Digital Infrastructure Minister Harin Fernando at a media briefing today (16 February) to clarify certain current allegations over the ongoing Google Loon Project. Minister Harin Fernando added, “The Google project arrived in Sri Lanka through Chamath Palihapitiya. Sri Lanka…
For the nine months ended 31st Dec,2016 the overall turnover crossed Rs.5 Bn mark. The total Turnover showed a growth of 6% from Rs 4,817 Mn to Rs 5,108 Mn. This was contributed by 7% growth in domestic sales from Rs 3,888 Mn to Rs 4,149 Mn & 3% increase in export sales of Rs…
Reuters – Sri Lankan shares hit a four-week closing high on Wednesday, rising for a third straight session, as investors picked up large cap shares such as Ceylon Tobacco Company Plc, brokers said. The Colombo stock index ended 0.43 percent firmer at 6,175.50, its highest close since Jan. 18. “Market continued its uptrend as the…
The Manufacturing Sector PMI recorded an index value of 56.2 in January which is a decrease of 2.1 index points compared to December 2016. The deceleration in PMI indicate that the manufacturing activities expanded at a moderate pace in January 2017 largely attributable to post seasonal realignment of business plans ahead as reflected in Production…
Great Western Estate, Talawakelle achieved a record price of Rs. 1,650 per kg for a Western High Grown BOP smashing a price of Rs. 1,310 per kg set back in the 2010 season. Teas were purchased by Lumbini Tea Exports (Pvt) Ltd and auctioned by Asia Siyaka Commodities PLC. Great Western is part of Talawakelle…
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