Finance Minister Ravi Karunanayake and Development Strategies and International Trade Minister Malik Samarawickrama recently concluded a one day official visit to Brussels. The two Ministers met with leading Belgian and European companies at a business roundtable hosted by Flanders Investment & Trade (FIT) and engaged in a productive interactive dialogue.These companies expressed keen interest to…
~ United Motors profits crash by 61 per cent By now the revenue of motor vehicle sales centres have reportedly dropped drastically due to the tax policies on motor vehicles that are currently in force. While United Motors Lanka PLC, a public listed company with the Colombo Stock Exchange released its annual report for the…
MAS Holdings becomes the latest apparel and textile manufacturer to become a value chain affiliate of the Zero Discharge of Hazardous Chemicals (ZDHC) group, as it works to move the industry towards a goal of zero discharge of harmful chemicals to the environment by 2020. Becoming the first company from Sri Lanka to join the…
Import of shoes to the country has reduced from 60 percent to 20 percent while the export of locally manufactured shoes has increased, Minister of Industry and Commerce Rishard Bathiudeen said. He stated this at a meeting with a group of leather goods manufacturers at the ministry. In 2013, Sri Lanka earned Rs.3, 800 million…
Sri Lanka’s leading investment banking firm and the preferred partner in capital markets, Capital Alliance Limited (CAL), has launched a new Management Trainee & Internship Programme called ‘CAL Talent Circle’ to attract and nurture talent in the financial services industry. This programme offers graduates, undergraduates and school leavers a unique opportunity to learn and contribute…
The Ceylon Chamber of Commerce launched its ‘Economic Review and Outlook 2017,’ a new report, which contains information on trends, risks and prospects of both Sri Lankan and the global economy. Titled, ‘Triumph Through Turbulence’. The latest report provides a view on the key macroeconomic factors shaping the business environment in 2017, including GDP growth…
Launch of Latitude Apartment Project Kirulapone Fairway Holdings launched its latest apartment project, ‘Latitude by Fairway’, on the 26th of January 2017. Overlooking High Level Road at Kirulapone, the Latitude by Fairway offers a group of 120 uniquely crafted home apartments in one of the best locations in the heart of the Colombo metropolis. Latitude…
GLOBAL software company CAMMS, has just signed Sri Lanka’s largest listed conglomerate as a new client. John Keells Holdings (JKH), which has interests in a variety of industries including transportation, real estate, retail, and banking, has purchased CAMMS’ risk, audit and incident management software systems. With these systems in place, CAMMS will help JKH to…
Perceived Economic Opportunity PEO: November, 2016 This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a sample of 400 men and women in November 2016 covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing tweleve months. Status of job…
Ministry of Finance on behalf of the Government of Sri Lanka will be hosting the Fourth South Asia Region Public Procurement Conference (SARPPC) under the Theme “Electronic Government Procurement (e-GP) in South Asia: Achievements, Opportunities and Challenges” in Colombo and Kandy from February 20 to 23, 2017. H.E. The President Maithripala Sirisena, Hon. Prime Minister…
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