Following the overwhelming demand from the country’s corporate elite, the Strategy Summit organized by the Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), is making a comeback for the second consecutive year. This year’s summit, which will be held on the 26 and 27 July 2016, will see four…
Today the 9th of June 2016, “AISEX 2016” opens its doors at BMICH to bring all suppliers and service organizations under one roof. The exhibition will focus on a wide range of textile machinery, accessories and services from many parts of the world. AISEX aims to sharpen the manufacturers hunger for technological innovations in the…
Sri Lanka is expected to see 5.3 per cent economic growth in the next three years despite challenges, the latest Global Economic Prospects report released by the World Bank showed on Thursday. “Although facing monetary and fiscal tightening, growth of the island will (occur due to) infrastructure spending financed with sizable FDI flows… Recent restraint…
Enroll in our workshop if your Organization wants to align itself to the Global Sustainability agenda as set out by the UN Sustainable development goals 2016-2030 and learn from the best in academia and industry. Equip yourself with the knowledge of using sustainability led innovation to drive top-line revenue. As sustainability strategy moves up the…
Reuters – Sri Lankan shares closed steady on Wednesday as positive sentiment after an IMF loan approval was offset by concerns over rising interest rates and foreign fund outflows. Turnover was 390.8 million rupees ($2.68 million), the lowest since March 19, and nearly half of this year’s daily average of around 782.5 million rupees. The…
Sri Lanka has become the latest member of the World Trade Organization (WTO) to ratify the new Trade Facilitation Agreement (TFA), the WTO has announced. Sri Lanka’s ambassador to the WTO, R D Susiri Kumararatne, presented his country’s instrument of acceptance to Director-General Roberto Azevêdo on May 31, the WTO said. This followed the submission…
Sri Lanka’s tourist arrivals rose 10.1 percent in May this year compared to the same period last year, the data released by the Sri Lanka Tourism Development Authority (SLTDA) showed. The month recorded 125,044 tourists arriving in the country compared to the 113,529 arrived in May 2015. In the first five months of this year…
Discussion in view of business development and expansion of new investment opportunities took place between a Chinse business delegation and State Minister of National Policies and Economic Affairs Niroshan Perera, Monday (June 06). The discussion was mainly focused on incumbent government’s policy towards investments in Sri Lanka as well as development prospects for Sri Lanka’s…
The spread between Mumbai and Colombo 380 CST bunker fuel prices widened to its highest level of $10/mt in six months since S&P Global Platts started assessing Colombo bunker fuel and marine gasoil on January 4 this year, on the back of prompt supply tightness in Mumbai. Mumbai 380 CST delivered was assessed at $259.50/mt…
Sri Lankan shares closed more than 1 percent up on Friday, trading in high volumes after the International Monetary Fund said it had reached a staff-level agreement with the island nation for a $1.5 billion three-year loan. Investors were also buoyed by positive sentiment after the central bank left rates steady earlier this week. The…
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