Colombo stock market continued to extend the rough patch on Wednesday amid the treasury yields hiking up for the seventh consecutive week. Benchmark index started the session on a positive side to touch 6,319 mark but failed to retain the momentum to close lower as investor sentiment turned red. All share index end the trading…
CICT, region’s only deep water terminal attracts largest vessels plying the east-west route; contributes a third of Colombo Port’s throughput Colombo International Container Terminals Ltd. (CICT) has set another milestone by closing 2015 with an impressive 1.561 million teus, with the ULCC (Ultra Large Container Carrier) and VLCC (Very large Container Carrier) segments making a…
The Sri Lankan Engineers’ Association (SLEA) has decided to oppose the proposed Indo-Lanka economic and technology agreement. The Institution of Engineers Sri Lanka (IESL) and the Sri Lanka Engineers’ Association are to jointly raise awareness among their membership at a meeting held today (20 January) at the Sri Lanka Institute of Engineers at 4.00 pm….
The proposed Indo-Lanka Economic & Technology Cooperation Agreement concentrates only on two service sectors, says Minister of Development Strategies and International Trade Malik Samarawickrama. These two sectors are shipbuilding and IT related services. The Minister pointed out that the medical and legal sectors would in no way be included in this agreement. Malik Samarawickrama added…
Sri Lanka was featured at the New York Times Travel Industry Conference – Asia Focus that offers comprehensive briefings for travel professionals. Ambassador Prasad Kariyawasam participating at the Seminar at the Jarvits Center, highlighted Sri Lanka‘s attractive features and compactness coupled with immense diversity. The seminar was well attended by Travel Professionals. The Sri Lanka…
Colombo stock exchange fell sharply at the start of trading on Tuesday, however managed to recover to close at a slightly improved note at 6,283.24, still marking a decline of -41.37 index points or -0.65%. S&P SL20 index followed the same trend, losing -23.06 index points or -0.70% to close at 3,261.30. Cargills (closed at…
The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) held its inaugural meeting on the 16th of this month in Beijing under the aegis of Chinese President Xi Jinping. Finance Minister Ravi Karunanayake represented Sri Lanka at this inaugural meeting. Finance Ministers and financial experts from 57 regional and non-regional Prospective Founding Members…
Chairman of the International Federation of Accountants (IFAC) SMP Committee, Dr. Giancarlo Attolini and President of the European Federation of Accountants and Auditors for SMEs, Mr. Bodo Richardt will share important insights relevant to the Small and Medium-sized practices in the South Asian region at a forum organized by the Institute of Chartered Accountants of…
The Confederation of Asian Advertising Agency Associations has proudly announced the appointment of Imal Fonseka, renowned marketer and CEO of Ceylon Biscuits, to the jury of the Asia pacific Effie Awards, making him the first Sri Lankan to be nominated for this prestigious position. Imal’s experience is extensive and he is best known for the…
Otara Del Gunawardena met Ada Derana Biz 24X7 to speak on the garbage issue which has become a controversy in Sri Lanka. She said despite our way of life changing day by day, our habits in disposing of garbage haves never changed. Her opinion is that we ourselves should take steps to change these habits….
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