~ 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:
Colombo, Sri Lanka, December 16, 2015: Colombo Stock Exchange (CSE) announces the changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2015 annual index rebalance as follows. S&P Dow Jones Indices has announced that effective from the December 21, 2015 (after the market close of December 18, 2015),…
The Initial Public Offering (IPO) of People’s Insurance Limited has been oversubscribed on the opening day itself amidst strong individual and institutional investor interest. As per an announcement made by the Company to the Colombo Stock Exchange (CSE) within minutes of the market opening. NDB Investment Bank, Acuity Partners and People’s Bank – Investment Banking…
The Sri Lanka Tourism Development Authority (SLTDA) together with other tourism institutions under the Ministry of Tourism Development and Christian Religious Affairs will be organizing the ‘Tourism Fest with the spirit of Christmas’ from 19th to 23rd December 2015 at the Arcade, Independence Square. With the month of December being the peak month for tourist…
George Steuart Travels was recognized with a Gold award for the ‘Best Passenger Sales’ at the Annual Passenger Sales Award Ceremony that was held in Colombo recently. The 35 years old travel arm of the diversified conglomerate, George Steuart and Company, was ranked as the number one travel agent for the year 2014/15 for the…
Colombo equities bounced back to greener territory on Tuesday despite the increasing prospects of Federal Reserve rate hike. Benchmark index advanced to 6,827 mark in the opening hours but failed to maintain the optimistic momentum and closed at 6,820.77 with an increase of 17.69 index points or 0.26%. 20-scrip S&P SL index gained 13.07 index…
The Department of Census and Statistics (DCS) Sri Lanka, has released the estimated Gross Domestic Product at constant (2010) prices in Production approach and other macroeconomic indicators for the third quarter of 2015. In addition, the annual estimates of Gross Domestic Product by Expenditure approach and Income approach for the period of 2010 to 2014…
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