Indian Express – The Sri Lankan industry is exploring opportunities in ayurveda, coconut and rubber products in Kerala, said Federation of Chambers of Commerce and Industry of Sri Lanka president Sarath Kahapalarachchi. He was speaking to ‘Express’ on the sidelines of the Kerala Business-to-Business Meet – 2016 at the CIAL Trade Fair and Exhibition Centre…
The Central Bank of Sri Lanka is pleased to announce that, with immediate effect, restrictions on remitting and transacting foreign currencies are eased. Foreign currencies can henceforth be remitted out of NRFC, RFC and RNNFC accounts and FEEA for any purpose and prior approval need NOT be obtained for such remittances. Up to USD 10,000…
Public Utilities Commission of Sri Lanka (PUCSL), the electricity regulator of Sri Lanka said the pre-feasibility study for Sri Lanka-India HVDC grid interconnection project is completed. However legal amendments are required on the areas of open access, electricity trading, partnership of cross border generation expansion, operation of cross boarder transmission licensees etc, the commission says….
The Footwear and Leather Fair 2016, the eighth in its successful series, opens today 05 February morning at BMICH. The Footwear and Leather fair series is a joint effort of Ministry of Development Strategies and International Trade, Sri Lanka Export Development Board (EDB), the Ministry of Industry and Commerce, the Industrial Development Board and Sri…
Hackers in China attempted to access over 20 million active accounts on Alibaba Group Holding Ltd’s Taobao e-commerce website using Alibaba’s own cloud computing service, according to a state media report posted on the Internet regulator’s website. Analysts said the report from The Paper led to the price of Alibaba’s U.S.-listed shares falling as much…
All banks can now access digitalized settlement schedules securely through the CDS – DS3 online portal The Central Depository System (CDS) a fully owned subsidiary of the Colombo Stock Exchange (CSE) recently partnered with LankaPay, the national payment network, to provide a fully-fledged digital experience to its settlement banks via the CDS – Digitalized Settlement…
SriLankan Airlines will operate a series of special charter flights between Colombo and Guwahati, India, to carry Sri Lanka’s national athletic contingent for the 12th South Asian Games 2016. The five special flights on Airbus A330 aircraft will operate from Colombo on the 3rd, 5th, 9th, 15th and 17th of February to carry 260 passengers,…
The Sri Lankan multinational Haycarb PLC reported a revenue growth of 5% to Rs. 8.4 billion and profit before tax of Rs. 702 million for nine months ending 31st December 2015. The profit after tax stood at Rs. 600 million. Commenting on the financial results, Haycarb PLC Managing Director, Mr. Rajitha Kariyawasan said, “The Company…
Finance Minister Ravi Karunanayake revealed that the Government has collected Rs. 232 billion as tax revenue from vehicle imports in 2015, the total tax revenue collected by Sri Lanka Customs amounted to Rs. 783 billion, of which one-third was generated through vehicle import duties He said the Finance Ministry has set a revenue collection target…
The State Minister for Finance Lakshman Yapa Abeywardena said the government will upgrade the economy encouraging production and increasing exports. This was stated by the Minister recently participating at the opening of the Venora Lanka Power Panels (Pvt.) Ltd. Factory at the Biyagama Export Processing Zone. The State income that was at 19-pct has come…
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