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16 foreign speakers to bring in an international perspective to the Economic Summit

Sri Lanka Economic Summit 2017 which will focus on how the Lankan economy can be transformed from potential to realization has lined up 16 foreign speakers to bring in an international perspective to the discussion table. The eminent set of speakers, highly regarded in their respective work areas will share knowledge on Global Best Practices…

(0)Comments | July 20, 2017 4:02 pm

FACETS 2017 set to showcase the best of Sri Lanka’s Gem & Jewelry Industry

The Sri Lanka Gem & Jewelry Association announced the launch of the 27th edition of the FACETS International Gem & Jewelry Exhibition, on the 19th of July at a press conference held at the OZO in Colombo. To be held from the 31st of August to the 3rd of September at the BMICH, FACETS is…

(0)Comments | July 20, 2017 2:22 pm

Sri Lankan shares fall to 1-mth low; Chevron Lubricants leads

Reuters – Sri Lankan shares fell on Wednesday to a one-month closing low, marking their sixth losing session in seven, led by the decline in Chevron Lubricants Lanka after it reported a drop in the June-quarter earnings. Chevron Lubricants stock lost 6.3 percent on Wednesday after the company reported a 34 percent fall in its…

(0)Comments | July 20, 2017 10:22 am

Proposed FTA between Sri Lanka and Singapore to be finalized this year

The proposed Free Trade Agreement (FTA) between Sri Lanka and Singapore will be finalized this year, Foreign Minister Ravi Karunanayake said. The Minister pointed out the pre-requisites for the proposed trade agreement will be completed before the end of this year. Minister Karunanayake made these remarks addressing media after the bilateral discussions with visiting Singaporean…

(0)Comments | July 19, 2017 3:21 pm

MICE events shifting to Thailand, Sri Lanka due to 28 per cent GST hike on Indian hotels

NEW DELHI: A nine-day business conference to be held in September in Kochi, Kerala, has just moved to Sri Lanka, with the organisers coming around to the view that footing the goods & services tax (GST) rate of 28% for the event is way too much than paying taxes in hotels in the neighbouring country….

(0)Comments | July 19, 2017 2:28 pm

President opens Singer Logistics Hub in Dambulla

Singer Sri Lanka created a new milestone in logistics capability when His Excellency President Maithripala Sirisena ceremonially opened the Company’s massive 75,000 sq.ft. Logistics Hub in Dambulla last week. The Chief Incumbent of the venerated historical Buddhist temple in the area, religious clergy representing all major religions in Sri Lanka, Cabinet Ministers – Hon. John…

(0)Comments | July 19, 2017 11:50 am

Opportunities for Businesses from Mega Projects to come under focus at the Sri Lanka Economic Summit

Sri Lanka’s proposed mega development projects such as the Western Region Megapolis, Hambantota Logistics and Industrial Zone and also the ongoing Colombo Port City will come under focus at the upcoming Sri Lanka Economic Summit 2017. In a session titled, ‘Realizing the Potential of Mega Development Projects,’ speakers, will share insights on the significant opportunities,…

(0)Comments | July 19, 2017 11:22 am

Ceylon Chamber of Commerce Statement on the new Inland Revenue Bill

The new Inland Revenue bill, which was gazetted on 16th June 2017, was tabled in Parliament on 05th July 2017. Once passed by Parliament, this Bill will replace the existing Inland Revenue Act No 10 of 2006. As indicated by the government, the objective of introducing the new Bill is to broaden the existing tax…

(0)Comments | July 19, 2017 10:30 am

Sri Lankan shares fall for fifth session in six

Reuters – Sri Lankan shares closed lower on Tuesday, marking their fifth session of decline in six, although foreign investors continued to buy stocks. Domestic investors were concerned about a possible increase in interest rate, analysts said, after the International Monetary Fund said further monetary policy tightening in Sri Lanka was desirable until there were…

(0)Comments | July 19, 2017 9:27 am

Direct air links with China boosting Sri Lanka’s tourism

COLOMBO, July 18 (Xinhua) — Sri Lanka’s Tourism Minister John Amaratunga Tuesday said direct air links with China have boosted the country’s tourism market as more Chinese tourists are now choosing Sri Lanka as a holiday destination. Amaratunga said there are direct air links between Colombo and Chinese cities without transit and the country is…

(0)Comments | July 18, 2017 4:43 pm

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