The Ceylon Chamber of Commerce will line up four well-known economists along with an international relations specialist to discuss the economic outlook and its implication for business during the year 2017, with a special session on the implications of new US President Trump on the global economy and Sri Lanka. Dr. Dushni Weerakoon, Deputy Director…
Sri Lanka – Thai FTA study is set to conclude by August 2017. Sri Lanka is also looking for sugar purchases from Thailand. During his visit to Thailand to take part in the APTA Ministerial Council Minister of Industry and Commerce Rishad Bathiudeen met Thai Minister of Commerce Apiradi Tantraporn. He also met Thai Consumer…
Reuters – Jan 16 Sri Lankan stocks closed lower on Monday as investors sold financials after rising yields in short-term government securities hit sentiment, brokers said. The Colombo stock index ended 0.26 percent weaker at 6,201.65, slipping from its highest close since Dec. 30 hit on Friday. Shares gained on Friday after the European Commission…
NEW DELHI/CHENNAI:Maruti Suzuki India, India’s largest automobile maker, added another product to its portfolio on Friday with the launch of its ‘premium urban compact’ Ignis. Priced between Rs 4.59 lakh and Rs 7.8 lakh (ex-showroom Delhi), the mini-sports utility vehicle expands on the automaker’s Baleno platform. The launch buttresses the shift in focus that the…
The Ceylon Chamber of Commerce is opening up its Business Opportunities Bulletin 2016/17, issued weekly for more subscribers. The issue, provides diverse first-hand information on various business opportunities from across the world to its subscribers. Among the information the bulletin offers are, details of overseas buyers and sellers, joint venture opportunities, technical knowhow, opportunities to…
An auction of Development Bonds valued at US dollar 225 million would be held today, 16 January 2017, announced the Public Debt Department (PDD) of the Central Bank of Sri Lanka (CBSL). These bonds with a maturity period of 01, 02, 03 years and of 02 months is scheduled to begin at 11.00 am today…
A special half day Bank Holiday has been declared on 20 January 2017. The Central Bank of Sri Lanka has confirmed this holiday. This special half day bank holiday has been declared in lieu of the Thai Pongal holiday falling on 14 Saturday. Meanwhile, trading at the stock market too would close at 12 noon…
The Manufacturing Sector PMI was 58.3 in December indicating that the manufacturing activities continued to expand in December 2016. This was mainly due to the higher pace in which New orders sub-index expanded during the month compared to November together with the positive contribution from Production sub-index. The Employment and Stock of Purchases sub-indices decelerated…
– Solar tracking system of the Plant will ensure a 20% higher yield than a fixed one – Will contribute 22,000 Mega Watt hours of green energy to the national grid – At full capacity, the 10 Mega Watt plant can light up 10,000 homes Hayleys Group PLC jointly with Windforce Pvt Ltd, in the…
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of the following Sri Lanka-based banks: – National Savings Bank (NSB) at ‘B+’; Outlook Negative – Bank of Ceylon (BOC) at ‘B+’; Outlook Negative – DFCC Bank PLC (DFCC) at ‘B+’; Outlook Negative Fitch has also affirmed the National Ratings of the following banks: –…
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