The national LPG (liquid petroleum gas) company marks 2015 a record year posting gross profits of over Rs.6 billion with significant increases in volumes (22pct) and market growth (acquiring a total 485,548 new connections). The market leader has grown its reach, to make LPG available in all areas of the island through a network of…
A series of recently concluded high level meetings between visiting Sri Lanka’s Minister of Industry and Commerce and the ruling monarch of the Kingdom of Bahrain have ushered a fresh renewal of ties between both countries. Minister of Industry and Commerce Rishad Bathiudeen who visited the Kingdom of Bahrain in early February succeeded in taking…
Overseas investors (Business Executives) expected to take part in the upcoming ‘Sri Lanka Investment and Business Conclave 2016,’ organized by the Ceylon Chamber of Commerce have shown an interest to meet Sri Lankan businesses engaged in diverse business sectors. More than 60 investors (Business Executives) already registered to take part in the March event, have…
The Second Meeting of SAARC Energy Regulators is being held from 07th to 10th February 2016 in Sri Lanka organized by the Public Utilities Commission of Sri Lanka together with South Asian Association for Regional Corporation (SAARC). The inauguration ceremony for the meeting took place on Monday (08) under the patronage of the Secretary to…
Jordanian envoy to Sri Lanka His Excellency Hassan M. Al Jawarneh says, his embassy will help Sri Lankan businessmen to access quick visas to Jordan. However, he said, such a request should be recommended by the Ceylon Chamber of Commerce, the country’s premier business Chamber. This was mentioned when His Excellency Al Jawarneh and the…
A Business delegation consisting of 8 representatives of leading Finnish enterprises and banks paid a visit to the BOI to study Sri Lanka’s Business climate and examine the potential for investment by Finnish enterprises in Sri Lanka. The business delegation was led by Rauli Suikkanen, Ambassador of Finland to Sri Lanka. The Finnish institutes were…
The Food and Agriculture Organization of the United Nations (FAO) in collaboration with the National Aquaculture Development Authority (NAQDA) is constructing a marine finfish hatchery in Tharmapuram, Batticaloa to fulfill the national objectives to promote marine finfish farming in the country. The hatchery is being constructed with funding from the European Union’s Support to District…
DOHA: Sri Lankan Ambassador Dr W M Karunadasa hosted a reception on Sunday for diplomats and other dignitaries to mark his country’s 68th Independence Day. The reception at the Doha Sheraton was attended by Minister of Culture and Sports H E Salah bin Ghanem Al Ali; Assistant Foreign Minister H E Mohammed bin Abdullah bin…
An International Monetary Fund (IMF) staff mission visited Colombo February 1-5 to discuss recent economic developments and policies for the year ahead. The team met with government and central bank officials, as well as representatives of academia, civil society and the private sector. The team issued the following statement today at the conclusion of its…
Only Sri Lankan company to be awarded among elite group of corporates in the region The Commercial Bank of Ceylon PLC won another accolade on the international stage recently when its 2014 Annual Report was adjudged ‘Asia’s Best Integrated Report’ at the Asia Sustainability Reporting Awards in Singapore. The Commercial Bank was the only Sri…
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