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Over 50 foreign firms to attend ‘Sri Lanka Investment Conclave’ to explore biz opportunities

Senior Executives and owners of over 50 foreign companies from more than 15 countries have already registered to take part in the upcoming ‘Sri Lanka Investment and Business Conclave 2017’ showing interest in exploring opportunities in diverse economic sectors of the country. Large to medium scale firms from Japan, Spain, Switzerland, India, Pakistan, Singapore, Qatar,…

(0)Comments | May 17, 2017 2:37 pm

Biodiversity and Sustainable Tourism

Biodiversity Sri Lanka will commemorate the International Day of Biological Diversity which falls on 22nd May each year, with an evening session on the UN designated theme for 2017: ‘BIODIVERSITY AND SUSTAINABLE TOURISM’. This session will feature four relevant and illustrative case studies from Sri Lanka and the Asia region presented by Ms Maeve Nightingale…

(0)Comments | May 17, 2017 2:31 pm

Sri Lankan shares end at 1-yr high on foreign buying, trade concession

Reuters – Sri Lankan shares hit a one-year closing high on Tuesday with foreign investors buying blue chips such as John Keells Holdings Plc and as the island nation regained a trade concession from the European Union (EU). The EU on Tuesday said Sri Lanka has regained a lucrative trade concession, mainly for its top…

(0)Comments | May 17, 2017 11:58 am

ICTA as catalyst in shaping Sri Lanka’s Startup Ecosystem announces Disrupt Asia 2017

The ICT Agency of Sri Lanka (ICTA), the nation’s apex ICT Institution under the Ministry of Telecommunications and Digital Infrastructure, announces the launch of Disrupt Asia 2017, Sri Lanka’s Premier Startup Conference and Exhibition, at Trace Expert City on 12th  July, at Hilton Colombo. Building on the immensely successful ‘Disrupt Asia’ held last year, ICTA…

(0)Comments | May 17, 2017 11:55 am

Grant of 400 mln Yuan to develop economic and technical cooperation

An agreement was signed to grant 400 million Yuan to develop the economic and Technical cooperation between China and Sri Lanka at the Public auditorium yesterday (16th May) in Beijing, China.  The agreement was signed in front of Chinese Prime Minister Li Keqiang and Sri Lankan Prime Minister Ranil Wickremesinghe by the Chinese Deputy Trade…

(0)Comments | May 17, 2017 10:22 am

The EU Grants Enhanced Market Access for Sri Lanka as a Reform Incentive

Removal of customs duties will be conditional on continued commitment to sustainable development, human rights and good governance. The European Union will remove a significant part of the remaining import duties on Sri Lankan products entering the EU market in exchange for the country’s commitment to ratify and effectively implement 27 international conventions on human…

(0)Comments | May 16, 2017 4:30 pm

HNB Sustains Superior Performance in Q1 2017

HNB continued its growth momentum during the first quarter of 2017 with Group PAT growing by 16.4% yoy to surpass Rs 4 Bn while Bank PAT grew by 18.1% yoy to be recorded at Rs 3.65 Bn. Growth in advances coupled with the rise in interest rates enabled interest income growth in excess of 45%…

(0)Comments | May 16, 2017 4:15 pm

Landmark MoA paves way for CIMA members to obtain CA Sri Lanka membership

The landmark Memorandum of Agreement (MoA) signed between two of the country’s leading accounting bodies, has now paved the way for CIMA members to obtain the membership of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the national body of accountants.   Accordingly, CIMA members who complete the necessary modules and the…

(0)Comments | May 16, 2017 4:15 pm

SLT Group reported Rs. 18.7 billion during the 1Q 2017

Sri Lanka Telecom Group released its results for the 1st quarter 2017. The group comprises of 7 subsidiaries and the Holding Company. During the 1st quarter 2017 the group reported Rs. 18.7 billion, with a revenue of 1.4% year on year growth. Tax changes made by the government had an adverse impact on the Group’s…

(0)Comments | May 16, 2017 3:47 pm

Sri Lankan shares slip; investors await clarity on tax

Reuters – Sri Lankan shares ended marginally lower on Monday, slipping from a near one-year high hit last week, as investors waited for some clarity after the finance ministry said a new tax structure is being considered under reforms. Finance Minister Ravi Karunanayake on Sunday said a new tax revenue proposal, which has yet to…

(0)Comments | May 16, 2017 8:35 am