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Remarkable time for Sri Lanka as a hub says US

The US has stressed that there shall be no major change in its trade policy towards Sri Lanka in the aftermath of its new administration -and hinted on stronger economic relations in future based on the bedrock US-Sri Lanka Trade & Investment Framework Agreement (TIFA) inked in Washington in 2002, to which Colombo consented readily…

(0)Comments | September 18, 2017 3:48 pm

Village Heartbeat Empowerment Centre opened in Oddusudan

SriLankan Airlines and Foundation of Goodness join hands to uplift rural communities In keeping with its theme of Child Empowerment and improving quality of life in rural communities, the 8th Village Heartbeat Empowerment Centre was declared open in Oddusuddan in the Mullaitivu District last Friday (1st September), a joint project of SriLankan Airlines and the…

(0)Comments | September 18, 2017 3:45 pm

President, PM grace BOI anniversary celebration

The 40th anniversary celebration of the Board of Investment of Sri Lanka was held under the patronage of President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe at the Katunayake Export Processing Zone on Friday (15th Sept.). The President and the PM unveiled a replica of former President J.R. Jayawardena at the Export Processing Zone. The…

(0)Comments | September 18, 2017 10:27 am

Advantis Projects Leverages Expertise to Improve National Transport Infrastructure

Transportation has always played an important role in the prosperity of a nation. As Sri Lanka takes its first steps onto the world stage with a focus on ambitious economic goals, a solid transportation infrastructure will continue to be key. An improved transportation infrastructure allows for the easy movement of goods, provides people with greater…

(0)Comments | September 17, 2017 11:25 pm

Facebook millionaire Chamath Palihapitiya raises $600 million in IPO for his blank-check firm

Chamath Palihapitiya, founder of the venture-capital firm Social Capital, is setting himself up to become the Warren Buffett of tech investing. To that end, he has launched a new “blank-check” company in partnership with the London-based VC firm Hedosophia, aptly named Social Capital Hedosophia Holdings Corp. On Wednesday, Social Capital Hedosophia announced it had raised $600…

(0)Comments | September 17, 2017 11:03 pm

Appointment of New Assistant Governors

The Monetary Board, at its meeting held on 31st August 2017 has promoted Mrs. K M A N Daulagala, Mrs. S Gunaratne, Mr. N W G R D Nanayakkara, Mrs. T M J Y P Fernando, Mr. J P R Karunaratne and Mrs. K Gunatilake, six Staff Class Grade IV officers, to the post of…

(0)Comments | September 17, 2017 10:34 pm

Sri Lankan shrs end near 3-wk closing high; turnover highest in over 6 yrs

Reuters – Sri Lankan shares rose for a second straight session on Friday and ended at a near three-week closing high, while a block deal in Singer Sri Lanka Plc pushed turnover to over a six-year high. The Colombo stock index ended 0.32 percent firmer at 6,402.03, its highest close since Aug.28. The bourse rose…

(0)Comments | September 16, 2017 9:40 am

Hayleys Group in historic acquisition of Singer (Sri Lanka) PLC for Rs. 10.9 billion

Hayleys PLC and its subsidiaries are pleased to announce the purchase of 61.73% of shares of Singer (Sri Lanka) PLC, for a consideration of LKR 10.9 billion, making it the single largest acquisition for a listed company in Sri Lanka in recent times.   This strategic acquisition by Hayleys PLC and its subsidiaries is anticipated…

(0)Comments | September 15, 2017 6:35 pm

Sri Lanka gets optimistic on apparels

Sri Lanka is not hiding its optimism for its apparels in the post GSP Plus era –especially a further $400 Mn revenues from exports are now in the pipeline for the sector. “We have received the GSP Plus, and apparel exports are projected to increase” said Minister of Industry and Commerce Rishad Bathiudeen on 15…

(0)Comments | September 15, 2017 4:20 pm

Global Seafoods (Pvt) Ltd recognized as Highest Value Added Seafood Exporter for 2016

Global Seafoods (Pvt) Ltd surpassed its competition to receive the Presidential award for being the Highest Value Added Seafood Exporter for the year 2016 capping an extremely successful year for the organization. Global Seafoods (Pvt) Ltd which is one of the largest Seafood Exporters in the island has been a pioneer in the field of…

(0)Comments | September 15, 2017 2:26 pm