Ceylon Biscuits Limited (CBL), through its flagship brand Munchee came forward to support the island’s first ever National Summit on Foresight and Innovation for Sustainable Human Development which was held recently at the Water’s Edge, Battaramulla. The summit was organized by the United Nations Development Program (UNDP) and the Ministry of National Policies and Economic…
Altair, Sri Lanka’s iconic twin tower high rise development, sponsored the 2016 Spring Scientific Meeting of the Sri Lankan Medical & Dental Association (SLMDA) UK, an event attended by medical professionals of Sri Lankan origin resident in the UK. The President of the British Medical Association Professor Sir Sabaratnam Arulkumaran was the Guest of Honour…
In an effort to expand the horizon of local Banks, Non-Bank Financial Institutions and Micro Finance Institutions a specialized seminar entitled “International Investor Perspective on Local Currency Solutions” is to be held on Tuesday 05th July 2016 at the Cinnamon Grand Hotel, Oak Room Colombo. The seminar is jointly organized by Netherlands based The Currency…
Ada Derana has launched “Sri Lankan of the Year”, an award that seeks to honour and celebrate individuals and groups whose efforts and achievements have far reaching influence on the country, positively impacting the local community and helping to profile Sri Lanka among the international community. The Ada Derana Sri Lankan of the Year is…
Reuters – Sri Lankan shares fell 1 percent on Thursday to hit their lowest closing level in more than seven weeks as concerns over a government decision to reintroduce capital gains tax kept investors on the sidelines. Investor sentiment also took a hit on continued foreign fund outflows and rising interest rates, dealers said. Sri…
WASHINGTON—Off-the-road tires imported from India and Sri Lanka are being subsidized, the U.S. Department of Commerce said in a preliminary countervailing duty determination issued June 14. In the case of India, Commerce found subsidies of 4.7 percent on OTR tires from Balkrishna Industries Ltd., 7.64 percent from ATC Tires Private Ltd. and 6.17 percent from…
Reuters – Sri Lankan shares ended weaker for a second straight session on Wednesday, their lowest in about seven weeks, as concerns over rising interest rates and foreign fund outflows weighed on sentiment. Investor sentiment also took a hit after the government decided to reintroduce a capital gains tax, dealers said. Sri Lanka’s cabinet approved…
In an unprecedented development in Sri Lanka’s bilateral trade history, Africa’s third largest oil producer opened its prized petroleum exploration doors wide to Sri Lanka on 14 June-and this offer, if accepted, shall turn Sri Lanka’s national energy picture on its head. “If Sri Lanka wants to create its own petroleum you can come to…
While the Select Committee on Economic Management has agreed to the re-introduction of the Capital Gains Tax (CGT), the Cabinet has granted approval for the drafting of such a new system. The government states that there has been a huge growth in private capital in the country during the past several decades and while huge…
The Sri Lanka – Italy Business Council of the Ceylon Chamber of Commerce recently organized a presentation on Opportunities Available for Collaboration between Italy and Sri Lanka, in the Renewable Energy Sector. This Business Delegation had accompanied the Deputy Minister of Foreign Affairs, Italy Hon. Benedetto Della Vedova on his official visit to the Country….
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