The Chamber of Construction Industry Sri Lanka (CCI), the apex body which represents all the construction industry stakeholders in Sri Lanka will hold a special seminar on “Facts about the use of ASBESTOS – Chrysotile Cement Roofing” on the 1st of December 2015 at the Taj Samudra Hotel from 2:30pm onwards. Taking in to consideration…
Sri Lanka’s 2016 budget, released on 20 November, provides no clear plan for fiscal consolidation over the medium term. The absence of such a framework means that the risks of further deterioration in the fiscal deficit will remain, and high public debt relative to Sri Lanka’s ‘BB’ group median is not likely to decline, says…
Finance Minister Ravi Karunanayake says that even though certain politicians have not felt the price reduction of a number of essential commodities through 2016 budget, it has certainly been felt by the ordinary masses of the country. The Minister stated this during an observation visit to the Mattakkuliya SLTB depot 22nd November. Brushing aside allegations…
Colombo bourse plunged on Tuesday erasing the post-budget gains as the indices witnessed a broad-based decline triggered by the sell-off in the banking stocks. All share index declined by 52 index points in latter part of the trading session but managed closed slightly above 7,000 mark to close at 7,009.99, down by 45.85 index points…
Most companies registered in Sri Lanka are non-functional and hence he proposes an annual fee on all registered companies to be collected by the Registrar General of Companies to make them active again, Finance Minister Ravi Karunanayake said recently in Parliament while presenting the Budget proposals for 2016. The Finance Minister added that he proposes…
Less than nine months after it was commissioned, the new head office of the Brandix Group won the ‘Gold Flame’ for Commercial Buildings in the Large Scale category at the Sri Lanka National Energy Efficiency Awards 2015, reaffirming the apparel manufacturing giant’s commitment to the environment. The award presented by President Maithripala Sirisena to Brandix…
Startup Sri Lanka, an initiative by SLASSCOM Innovation and Entrepreneurship Forum launches Xeleration, Sri Lanka’s first accelerator programme targeting budding entrepreneurs in Sri Lanka, at an event held by the Information and Communication Technology Agency (ICTA). Adding a new dimension to a conventional accelerator Xeleration is also a global start-up exchange programme for Sri Lankan…
The lubricant market in Sri Lanka is currently controlled by a few companies and hence he proposes to open up this market said Finance Minister Ravi Karunanayake in his recent Budget speech in Parliament. When adaderanabiz.lk inquired about this proposal from Chevron Lubricant Lanka PLC Managing Director Kishu Gomes, his response was that there is…
Colombo bourse welcomed the budget proposals optimistically on Monday along with higher investor activity. Investor sentiment moved to positive territory on favorable budget proposals on capital market and its listed entities. Benchmark index gained 55 index points within minutes of opening the session but failed to continue the momentum and closed the session at 7,055.84…
It is admirable to note the support extended to the capital market of Sri Lanka through the recent budget. Firstly, it has maintained all the concessions granted to capital market by the previous Governments. Secondly, it is a forward looking budget. It encourages introduction of REITs , an extremely positive step to introduce an alternative…
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