Reuters – Sri Lankan stocks edged down on Monday, led by blue chips on profit-taking, while trading volume fell to a three-week low as investors stayed on the sidelines awaiting direction from the budget and September-quarter corporate results. The benchmark index of the Colombo Stock Exchange finished 0.3 percent weaker at 6,562.50. Turnover was 336.2…
The Spices and Allied Products Producers’ and Traders’ Association (SAPPTA), in association with Sri Lanka Customs and Ministry of Primary Industries, will hold a seminar under the theme “Temporary Importation for Export Processing Scheme (TIEP)” on Thursday October 13th, 2016 from 2.30 pm to 5.00 pm in the Ground Floor Auditorium of the Ceylon Chamber…
There has been widespread coverage in the press and electronic media regarding a report related to the examination of Perpetual Treasuries Ltd conducted by the Central Bank of Sri Lanka as the regulator of Primary Dealers operating in the Government securities market. The release of this report into the public domain has not been authorized….
In helping Sri Lanka transition towards an innovation driven economy, a highly eminent panel of local and foreign speakers, including entrepreneurs of global repute will steer this month’s 37th National Conference of Chartered Accountants organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). Over two days of technical sessions, the conference…
Sri Lanka recently signed agreements worth USD 10 million with two companies to produce drugs in Sri Lanka. Chairman of State Pharmaceuticals Corporation Dr. Sayuru Samarasundara signed the agreements with a Russian and an Indian Company. 28 drug producing companies under the instructions of Health Minister Rajitha Senarathne have agreed to be involved in drug…
The Government of the Democratic Socialist Republic of Sri Lanka and Japan International Cooperation Agency (JICA) today signed a loan agreement for an amount of JPY 10,000 million, equivalent to approximately Rs 14.45 billion. The signing of the loan agreement took place today between Ms. Chandra Ekanayake, Deputy Secretary to the Treasury of Ministry of…
With regards to the current crisis facing the tea industry in Sri Lanka, the Tea Exporters Association released the following article on what ails this industry. What ails the Sri Lanka Tea Industry? 1. Recognition of the different industries under tea – There are two different sectors in the Tea Industry, the Plantation/Growers sector and…
A High Profile German Business delegation led by the German Asia Pacific Business Association, which visited Sri Lanka during last week to explore trade and investment opportunities held talks with the Ceylon Chamber of Commerce. “In the recent times, we have seen increasing interest in Sri Lanka by German businessmen. We are not only looking…
As the exclusive importer and distributor of Mercedes-Benz cars in Sri Lanka, Diesel and Motor Engineering PLC (DIMO) had conducted a five day inspection program where Technical Specialist for Daimler AG, Ashley Giles was present to perform thorough inspection of Mercedes-Benz S-Class Limousines (W222 series) and advice their owners on how to give the best…
Janashakthi Insurance PLC, a leading Insurance provider in Sri Lanka, partnered with the National Chamber of Exporters (NCE) for the recently concluded NCE Awards at the Hilton Colombo. This is the 24th consecutive year the awards have been held. The event, which has grown in prominence and stature over the years, is now Sri Lanka’s…
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