My team and I recently traveled to Sri Lanka and saw firsthand its great appeal as a tourist draw. We crisscrossed the country by air and by automobile, visiting a few of its cultural attractions and speaking with officials there. Along the way we gained a better understanding of the people and the business climate….
Colombo stock market extended the winning streak for the fourth consecutive day to conclude the weekly operations with positive returns on Friday, ahead of the final vote on budget 2016. Benchmark index stagnated in 6,874 mark in the first half but managed to close higher at 6,886.37, with an increase of 0.38% or 26.38 index…
Fitch Ratings has assigned Singer Sri Lanka PLC’s (Singer; A-(lka)/Stable) proposed unsecured senior debenture issue of up to LKR3bn a National Long-Term Rating of ‘A-(lka)(EXP)’. The debentures are likely to have a three-year tenor with a fixed coupon. The proceeds of the proposed issue will be used to refinance existing debt, restructure short-term debt and…
In the world of technology nothing stands still. The rapid pace of innovation we’ve seen across all IT in 2015 will continue into 2016 without a doubt and usher us all into an era of seamless computing. Technology has become a quintessential part of our daily routine and future of computing and technology looks bright….
Colombo equity market extended the gains for the third consecutive day amid the increase in fed rates for the first time since 2006. Benchmark index opened at 6,834 and steadily increased to end the session at 6,859.99, up by 26.48 index points or 0.39% while S&P SL 20 index advanced by 13.40 index points or…
According the recently released Supplementary Environmental Impact Assessment (SEIA) report, Colombo Port City (CPC), upon completion of reclamation works, will incorporate solutions for integrated management of energy, water and waste for long-term environmental sustainability and for creating a comfortable environment for its occupants, according to an eco-cycle concept, say the China Communications Constructions Company and…
~ Firm on their position that only viable options are productivity-based wages or revenue sharing Warning that any ad-hoc increase of estate sector wages with no link to productivity would have dire consequences and would plunge the already haemorrhaging plantation industry into an insurmountable crisis, the Planters’ Association of Ceylon – which represents the Regional…
The Brandix Group’s contribution to the country’s export economy was recognised at the highest level this week when Sri Lanka’s single largest apparel exporter was presented with eight Presidential Export Awards at a ceremony presided over by the country’s Head of State. Brandix was recognised as the Sri Lankan Exporter of the Year in respect…
Colombo bourse managed to hold ground for the second consecutive day despite the weak economic growth and rising treasury yields. As per the data released by the Census and Statistics department, Sri Lanka’s economy grew at a slower pace of 4.8% in 3Q2015 which lags far behind the growth of 6.4% and 6.7% reported in…
Steps are afoot to select 100 entrepreneurs who have still not entered the export level and raise them to the export level, said Sri Lanka National Export Board chairman Sarada de Silva, during an interview with Ada Derana Biz. Below is the video of the complete discussion with chairman Sarada de Silva:
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