The National Chamber of Exporters (NCE) of Sri Lanka held its 22nd Annual General Meeting in Colombo recently where the European Union ambassador in Sri Lanka, Tung-Lai Margue was the chief guest. Meanwhile, calling for applications for the 25th Exporters’ Awards was also done in parallel to the AGM. A new Chairman and a new…
Sri Lanka made a great impact in promoting the country as a tourism destination by participating at the 37th staging of the International Tourism Trade Fair, FITUR, in Madrid Spain from 18th to 22nd January 2017. This event, organized by IFEMA, brought together at Feria de Madrid, 9,672 tourism companies, institutions and bodies from 165…
Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics, increased marginally to 4.2 per cent in December 2016 from 4.1 per cent in November 2016, on year-on-year basis. Both Food and Non-food categories contributed towards the year-on-year inflation in December…
“The laws of economics and many studies of diversity tell us that if we tapped the entire pool of human resources and talent, our collective performance would improve … when more people get in the race, more records will be broken. And the achievements will extend beyond those individuals to benefit us all.” – Sheryl…
Leading hotelier and tourism hospitality magnate, Sanjeev Gardiner, has just confirmed his investment into Quintessentially Sri Lanka & The Maldives the world’s leading source of intelligence, access to and curated lifestyle services for the global premium audience. Quintessentially provides Colombo’s CEO’s, corporates, property moguls with access to more of what they love and get their…
Reuters – Sri Lankan stocks closed at their lowest in nearly two weeks on Monday led by diversified shares as concerns about rising interest rates and the ongoing political stability weighed on sentiment. The Colombo stock index ended 0.12 percent down at 6,162.05, its lowest close since Jan. 10. The index hit a two-week high…
The Bank of Ceylon scored its third “Trillion” at the end of the year 2016. That is surpassing the Rs. One trillion mark in advances- another unique milestone in its 77-yearjourney as “the Bankers to the Nation” and becoming the first ,and up to now the only bank to pass this milestone in Sri Lanka….
~ US president formally pulls US out of massive 12-nation trade deal that covers 40 percent of world’s economy US President Donald Trump has signed an executive order formally withdrawing the US from the Trans-Pacific Partnership (TPP) trade deal, following through on a promise from his presidential campaign. “We’ve been talking about this for a…
Reuters – Overseas exporters chartering foreign vessels to supply goods to India will have to pay a service tax on freight from Sunday, a government notification said. It will be the same as the 4.5 percent service tax that India currently levies on free-on-board (FOB) cargoes, where the ship is chartered by a local buyer….
The European Investment Bank will provide EUR 50 million to support improvement and expansion of sewage networks across the Sri Lankan capital Colombo. The new loan will help Colombo Municipal Council to achieve its goal of providing full sanitation coverage to benefit people living and working in the greater Colombo area. The new EIB loan…
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