Sri Lanka – Italy Business Council of the Ceylon Chamber of Commerce has invited the Chairman of the Board of Investment Mr. Upul Jayasuriya to speak on the ‘Growing Business and Investment Opportunities’ in the country. Accordingly, Jayasuriya will speak at a Breakfast meeting scheduled to be held on the 04th October, 2016 at the…
Vehicle Importers’ Association chairman Indika Sampath Merinchige said that Finance Minister Ravi Karunanayake has given them an assurance that there would be no changes in the prices of vehicles through the upcoming budget. Merinchige further added that currently the importers are compelled to sell their vehicles below the prices that they are imported under. Furthermore,…
The Financial Intelligence Unit of the Central Bank of Sri Lanka (FIU – Sri Lanka) entered into a Memorandum of Understanding (MOU) with the Suspicious Transaction Reporting Office of Singapore (STRO) on the basis of reciprocity and in the spirit of cooperation and mutual interest and within the framework of each Authority’s national legislation, to…
Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics, decreased to 4.5 per cent in August 2016 from 5.8 per cent in July 2016, on year-on-year basis. Both Food and Non-food categories contributed towards the year-on-year inflation in August 2016….
Reuters – Sri Lankan shares edged up on Wednesday following four straight sessions of losses, as investors shrugged off the impact of a proposed increase in value added tax to pick up battered shares, amid high turnover. The bourse hit a more than seven-week low on Tuesday as selling pressure on stocks that were expected…
DFCC Bank is proud to be the ‘Official Banking Partner’ for the Shape South Asia 2016 event, to be held in Colombo from 22nd to 25th September 2016. Held under the theme of ‘Shaping Identities’, the event will be hosted by the Global Shapers Colombo Hub, who won the bid to host this event in…
Closer to 100 corporate executives took part in the pre-brief seminar held recently at the Ceylon Chamber of Commerce to create awareness on the upcoming ‘Best Corporate Citizen Sustainability 2016’, an annual event which recognizes the sustainability champions of the corporate world. The pre-brief seminar saw the attendance of representatives from both listed and non-listed,…
Despite being a small player, Sri Lanka has become a reliable and quality supplier of value added goods to global markets while emerging as a reliable exporter of premium rubber-and Sri Lanka’s exports to China has in increased by 70%!. “Sri Lanka has done well to expand its trade from historical commodities to value-added products….
High-tech solar solutions available via 19 Service Centres across the island Jinasena (Pvt) Limited, one of the leading water management systems and solutions providers in Sri Lanka, has expanded business operations in Sri Lanka by venturing into domestic and industrial solar solutions under its “Renewable Energy Sector” product range. Jinasena solar solutions utilises top global…
TEMPO.CO, Jakarta – The National Train Industry (INKA) has prepared to export electric diesel trains worth US$70 million dolar to Sri Lanka. “We need only to bid our offer. We have met the requirements,” said Finance & HRM Director of INKA, Mohamad Nur Sodiq. Sodiq added that Sri Lanka is a new export market for…
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