Reuters – Sri Lankan shares rose 1.3 percent on Tuesday to a five-week closing high, as local retail investors bought beaten-down banking and diversified stocks while continued offloading by foreign investors amid worries over macroeconomic stability weighed on sentiment. Foreign investors sold a net 226.2 million rupees ($1.57 million) worth of equities, their fourth straight…
A nine member Sri Lankan business delegation will visit Pakistan from 06th to 09th of this month in a bid to explore trade and investment opportunities. The delegation, led by the Sri Lanka – Pakistan Business Council of the Ceylon Chamber of Commerce, will also take part in the Textile sector specific exhibition ‘TeXpo 2016,’…
EUR 30,000 (ca. 4.7 Mio. LKR) prize and training for the best renewable energy idea in Sri Lanka The German Ministry of Foreign Affairs together with The Ministry of Power and Renewable Energy of Sri Lanka, and the project implementing partner Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and supporting partners Sri Lanka Sustainable Energy…
The Securities and Exchange Commission of Sri Lanka (SEC) with the participation of the Colombo Stock Exchange (CSE) is conducting a forum to discuss the rules imposed on maintaining a Minimum Public Float. The forum will be held on the 6th of April at Cinnamon Lakeside Colombo from 2.00 pm – 4.30 pm. “Minimum Public…
Finance Minister Hon. Ravi Karunanayake says that Sri Lanka is gearing up for a significant economic transformation in the next one and a half years. The minister says that already plans are afoot and changes are been made to increase economic competitiveness and growth. New strategies, both mid-term and long-term will be unveiled to support…
Indonesia says it is now offering visa free entry to Sri Lankans in a bid to help enhance commercial activities between the two countries. “We will offer visa free entry to Sri Lankans visiting Indonesia and it will last for 30 days,’ said his excellency Harimawan Suyitno, Indonesian ambassador in Sri Lanka. He made this…
MTD Walkers PLC ,today stated that they would like to clear any confusion that may have occurred as a result of the article that appeared in a leading English newspaper in Sri Lanka. MTD Walkers PLC wishes to confirm that it is neither a JV partner nor the local partner of M/s IVRCL of India….
President Maithripala Sirisena Sunday (April 03) declared open the Jetwing Jaffna built in the heart of the Northern city to provide star class accommodation to foreign as well as local tourists visiting Jaffna. Jetwing Jaffna is the leading Sri Lankan hotel group’s first hotel in the northern city of Jaffna. Set in a seven-storey building,…
The Board of Investment of Sri Lanka (BoI) signed agreements for 16 new projects during January / February 2016 eyeing at a cumulative future investment of US$ 110 Million. These projects cover a wide range of sectors and will be generating an estimated 1,250 new direct employment opportunities. Mini Hydro Power projects boost energy capacity…
Sri Lanka’s estimated unemployment rate for the fourth quarter 2015 has dropped to 4.3% from 5.0% in the third quarter, the Census and Statistics Department releasing its Labour Force Survey – 4Q 2015 Thursday (March 31) said. The Unemployment Rate is the proportion of unemployed population to the total labor force. The number of unemployed…
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