Ranks in 14th position on the 2016 A.T. Kearney Global Services Location Index (GSLI) With many domestic and international companies investing heavily on the local IT/BPO and BPM offshoring industry thanks to its commercial attractiveness, access to skilled talent and a lucrative business environment coupled with the improving technology infrastructure, Sri Lanka now ranks in…
The International Labour Organisation (ILO) announced the addition of full Sinhala and Tamil translations of Sri Lanka’s labour laws to the Salary.lk website in an effort to improve awareness of workers’ and employers’ rights and duties. The website, which is an initiative of the WageIndicator Foundation, hosts detailed, easy-to-understand and well referenced information about Sri…
Broad money supply (M2b) continued to expand at a high rate with a year-on-year growth of 17.2 per cent in November 2015, following the growth of 17.0 per cent in the previous month. In November 2015, the net foreign assets (NFA) of the banking sector improved with the receipt of the proceeds of the International…
Colombo bourse altered its positive trend of two days on Monday with negative gains, as the benchmark index dropped by 27.41 index points (-0.43%) to close at 6,354.83. Meanwhile the S&P SL20 index tumbled by 16.70 index points (-0.50%) to close at 3,298.66. Turnover was only LKR 374mn, the lowest recorded this year. The low…
Registrations of Maruti model motorcars have reportedly dropped by 31 per cent in Sri Lanka during December 2015. While 5,631 Maruti motorcars had been registered in Sri Lanka during November 2015, this number has dropped to 3,882 in December. The highest number of Maruti registration has been during the month of September in 2015 with…
A lawyer and an immigration expert in Australia, Susantha Katugampala joins Ada Derana Biz 24X7 to raise awareness among the Sri Lankan audience regarding Australia’s immigration process. Susantha Katugampola says that when bringing in investments into Sri Lanka, efforts should be made to do so not only as borrowings but as equity as well. The…
Instant, real-time fund transfers between Oman and Sri Lanka have become possible as a result of a tie-up between the Commercial Bank of Ceylon and Bank Muscat, the leading financial services provider in the Sultanate. Commercial Bank is the first Sri Lankan bank to link with Bank Muscat for this purpose. Account holders of Bank…
Countries like Singapore, Thailand, Malaysia, Korea etc that developed in recent times did so not by entering into agreements with neighbouring large nations, said Pathfinder Foundation Executive Director Lakshman Siriwardana. He stated this during an exclusive interview with Ada Derana Biz 24X7 on the existing and proposed economic, trade agreements between Sri Lanka and India.
Colombo stock market wrapped the weekly operations in greener territory on Friday as investors continued the previous day’s momentum. Benchmark index advanced for the second consecutive day to end at 6,382.24, increase of 32.53 index points or 0.51% while S&P SL20 index gained 21.87 index points (+0.66%) to close at 3,315.36. Large caps pushed index…
Speaker of Parliament, Hon. Karu Jayasuriya will be the chief guest at the ceremonial induction of the 23rd President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), Lasantha Wickremasinghe, which will be held on Tuesday, 26th January 2016. Hon. Ravi Karunanayake, Minister of Finance and Dr. Giancarlo Attolini, Chairman of the…
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