A now defunct Lankan chemical pioneer is to be revived and construction work shall start before the end of this year to revive the historic manufacturing giant. “We have earmarked Rs 525 Mn to start work on the Paranthan Chemicals Factory in Kilinochchi, The construction work will begin before the end of this year” said…
Tea factory owners support the views of the RPCs with regard to enhancing productivity Other industry stakeholders have joined the Regional Plantations Companies (RPCs) in calling for an output-linked remuneration mechanism, to put the country’s estate sector, plagued by a number of issues, on a more sustainable footing through much-needed productivity improvements. In response to…
A nine member Sri Lankan business delegation, led by the Ceylon Chamber of Commerce, recently visited South Africa, Zambia and Rwanda to explore commercial opportunities in those countries. Representatives from companies such as Jinasena Private Limited, Kelani Cables PLC, Hayleys PLC, Dankotuwa Porcelain PLC, Union Chemicals Lanka PLC, Jinasena Infotech Private Limited, Macksons Paints Industries…
A high profile business delegation from Turkey will visit Sri Lanka next month to participate in the Sri Lanka – Turkey Business Forum that will be organized by the Ceylon Chamber of Commerce. The forum, which is aimed at exploring trade, investment and tourism opportunities on both sides, will be followed by B2B meetings between…
United Nations’ Food and Agriculture Organization (FAO) has assured that it will continue facilitating and extending their support for the development of Sri Lanka’s fisheries sector. This assurance was given by the country representative of FAO Ms. Nina Brandstrup at a discussion held at the Ministry on Wednesday (April 20) with the Minister of Fisheries…
Sri Lankan shares ended flat in dull trade on Friday as investors waited for negotiations to conclude on a loan deal with the International Monetary Fund and ahead of a central bank decision on interest rates next week. The central bank’s April monetary policy announcement is scheduled at 1230 GMT on Tuesday, and expectations are…
Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), compiled by the Department of Census and Statistics, increased to 2.2 per cent in March 2016 from 1.7 per cent in February 2016, on year-on-year basis. The main contributor towards the increase in year-on-year inflation was the Non-food category. Prices in…
Citrus Waskaduwa celebrated its second anniversary recently, and embarked on a third year of exciting activities and promotions. The luxurious resort has enjoyed high occupancies year-round and has consistently received top reviews from its guests for its ambience, service and amenities making it one of the most talked about destinations in the Southern coastal belt….
The Ceylon Chamber of Commerce will organize a Sri Lanka – Turkey Business Forum during the month of May, 2016, which will be attended by a high profile business delegation from Turkey. The forum, which is aimed at exploring trade, investment and tourism opportunities on both sides, will be followed by B2B meetings between the…
Ceylon Electricity Board (CEB) has agreed to take steps to address the shortcoming and recommendations that has been given by the Public Utilities Commission of Sri Lanka (PUCSL), the electricity regulator on Island wide power failure. The Commission earlier demanded an explanation for the Island wide power cut which took place on 27th September 2015,…
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