Sri Lanka’s close proximity to the East – West Trading routes and the easy access to the regional markets in Asia are considered as top factors by investors looking to Invest in Sri Lanka, finds a survey conducted by the Economic Intelligence Unit of the Ceylon Chamber of Commerce. The survey, conducted among the prospective…
Colombo International Container Terminals Ltd. (CICT) the first and only deep water terminal in the Port of Colombo, has made another major breakthrough by attracting a new shipping line Interasia Lines Ltd. (IAL) to call at the Port of Colombo on a weekly schedule. This new shipping line is based in Taiwan and specialises in…
The transport plans related to the mega-polis development project would be implemented in four phases, said senior lecturer at the Moratuwa University, Dr. Dimantha de Silva during an interview with Ada Derana Biz 24X7.
It was a rude shock to Bangladesh’s economy. Nearly $80 million were stolen from Bangladesh’s Central Bank by hackers, one of the largest known bank thefts in history. The hackers breached Bangladesh Bank’s systems and stole its credentials for payment transfers. They then bombarded the Federal Reserve Bank of New York with nearly three dozen…
Featuring a Comprehensive Set of Benchmarks That Effectively Measure Sri Lanka’s Economy S&P Dow Jones Indices (“S&P DJI”), one of the world’s leading index providers, and the Colombo Stock Exchange (CSE) today (06) jointly announced the launch of the S&P/CSE Sector and Industry Group Indices. The comprehensive index series is designed to measure the performance…
The Seventh IMF-Japan High Level Tax Conference For Asian Countries, organized by the International Monitory Fund commenced Tuesday (05th) at the Dai-ichi hotel, Tokyo, Japan with the participation of the Finance Ministers of the countries in the Asian Region and large number of intellectuals. Photographs shows – Finance Minister, Ravi Karunanayake with Mr. Daikichi Momma,…
Reuters – Sri Lankan shares rose 1.3 percent on Tuesday to a five-week closing high, as local retail investors bought beaten-down banking and diversified stocks while continued offloading by foreign investors amid worries over macroeconomic stability weighed on sentiment. Foreign investors sold a net 226.2 million rupees ($1.57 million) worth of equities, their fourth straight…
A nine member Sri Lankan business delegation will visit Pakistan from 06th to 09th of this month in a bid to explore trade and investment opportunities. The delegation, led by the Sri Lanka – Pakistan Business Council of the Ceylon Chamber of Commerce, will also take part in the Textile sector specific exhibition ‘TeXpo 2016,’…
EUR 30,000 (ca. 4.7 Mio. LKR) prize and training for the best renewable energy idea in Sri Lanka The German Ministry of Foreign Affairs together with The Ministry of Power and Renewable Energy of Sri Lanka, and the project implementing partner Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and supporting partners Sri Lanka Sustainable Energy…
The Securities and Exchange Commission of Sri Lanka (SEC) with the participation of the Colombo Stock Exchange (CSE) is conducting a forum to discuss the rules imposed on maintaining a Minimum Public Float. The forum will be held on the 6th of April at Cinnamon Lakeside Colombo from 2.00 pm – 4.30 pm. “Minimum Public…
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