Significant strides in establishing Free Trade Agreements with Bangladesh and the Maldives, together with existing FTAs will pave the way to initiate FTAs with most Southeast Asian countries by next year, enhancing Sri Lanka’s position as an attractive destination for Foreign Direct Investment, State Minister of Regional Cooperation, Hon. Tharaka Balasuriya stated recently. Speaking at…
INSEE Cement is Sri Lanka’s leading manufacturer of cement and is the company behind renowned cement brands such as Sanstha and Mahaweli cement. Presently, INSEE Cement is the suppliers of cement to the Uma Oya Multipurpose Development Project in the Uva Province. The project includes the commissioning of a new hydropower station and irrigation infrastructure…
The Sri Lanka Embassy in Nepal and the Export Development Board of Sri Lanka(EDB) jointly organized a virtual meeting for Sri Lankan Construction Companies to interact with the Nepal Ministry of Physical Infrastructure & Transport (MPIT) and learn about procedures and regulations applicable to foreign investors, including for joint ventures. Er. Keshab Kumar Sharma, Joint…
President Gotabhaya Rajapaksa has appointed Renuka M. Weerakone as Director General (Acting) of the Board of Investment of Sri Lanka. The Letter of Appointment was handed over to the new Director General by the State Minister of Aviation and Export Zone Development Hon. D.V.Chanaka in the presence of Chairman BOI Eng. Raja Edirisuriya and Mr….
Ceylon Fisheries Corporation (CFC) and Uber EATS today announced a partnership to facilitate the delivery of CFC products on the popular online food delivery platform. This makes Uber EATS the first and only online marketplace to sell CFC products. The launch event hosted at CFC’s Bambalapitiya outlet was attended by Hon. Kanchana Wijesekara, State Minister,…
9MFY22 Highlights Consolidated revenue of Rs.24 billion, up by 39% YoY PAT amounted to Rs. 3.6 billion, up 90% YoY backed by Healthcare and Agribusiness performance Healthcare revenue up 43% YoY to Rs. 12.9 billion Consumer Goods revenue up 22% YoY to Rs. 6 billion Agri revenue up 69% YoY to Rs. 5 billion Fueled…
Perceived Economic Opportunity Index 2021 [PEOI] Q4: October to December, 2021 The Foundation of Economic Freedom in Sri Lanka (FEFSL) presents here a summary of perceptions of the people of Sri Lanka about their own and the nations’ future as at the last quarter of 2021. This monthly nation-wide tracking study, reported quarterly, is based…
Advocata’s Bath Curry Indicator (BCI) , which tracks the monthly changes in the retail price of food, recorded a decrease of 4% from December 2021 to January 2022. The overall decrease was driven by the falling prices of tomatoes (52%) , brinjals (21%) and green chillies (17%). However, prices on average have been increasing with…
Hon. Basil Rajapaksa, Minister of Finance chaired the above forum on 31st January2022 at the Ministry of Finance. H.E Denis Chaibi , Ambassador for European Union to Sri Lanka and Maldives, Co-chaired the meeting. Hon. Namal Rajapaksa -Minister of Youth & Sports, Minister of Development Co-ordination and Monitoring and State Minister of Digital Technology, Hon….
The Colombo Stock Exchange (CSE) is in the process of revisiting the listing rules governing the basis of allotment of shares in an IPO to ensure greater transparency and fairness in allotting shares to applicant subscribers by prospective issuers. In this regard, the CSE has formulated a revised regulatory framework to be adopted by prospective…
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