The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in Japan has taken steps to promote identified Sri Lankan export products with high potential in the Japanese market for the next 3 years. Based on the Statistical analysis and desk research carried out by EDB, a strategy paper has been…
According to the daily exchange report of the Central Bank of Sri Lanka (CBSL), the current buying rate of the US Dollar today (16) stands at Rs. 195.28 and selling rate of the US dollar stands at Rs. 200.06. This is highest selling rate recorded for a US dollar since, April 09, 2020. During that…
Fitch Ratings has affirmed the National Long-Term Rating on Sri Lanka-based telecoms company Dialog Axiata PLC at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS Mobile-Market Leader: Dialog’s Standalone Credit Profile (SCP) of ‘aaa(lka)’ is underpinned by its market leadership in the expanding mobile and pay-TV segments. We believe Dialog will continue to gain…
The Commissioner General of Inland Revenue H.M.C Bandara recently revealed in Parliament that billions of rupees in tax arrears for many years could not be recovered due to the lengthy judicial process and delays in the courts. It was also revealed at the committee that the tax evaders are taking advantage of delays in the…
Partnership further enhances multi-dimensional strategic relationship between India and Sri Lanka The Adani Ports and Special Economic Zones (APSEZ) Ltd. India’s largest private Ports & Logistics company and a key subsidiary of the diversified Adani Group, received a Letter of Intent (LOI) from the Ministry of Ports and Shipping and the Sri Lanka Ports Authority,…
Macktiles, the youngest player in the Sri Lankan tile industry, has taken the initiative to expand further by establishing manufacturing facilities to cater to the local demand. This initiates an industrial expansion drive in keeping with the Government’s initiative to develop Sri Lankan industries. The Company has invested in a state-of-the-Art plant from the Italian…
John Keells Holdings PLC said in a stock exchange filing, a consortium consisting of APSEZ and JKH have received a Letter of Intent (LOI) from the Ministry of Ports and Shipping and the Sri Lanka Ports Authority, acting on behalf of the Government of Sri Lanka, to develop and operate the WCT in the Port…
Considering the difficulties and constraints faced by businesses and individuals engaged in passenger transportation services due to the ongoing COVID-19 pandemic, the Central Bank of Sri Lanka (CBSL) has requested licensed commercial banks, licensed specialised banks, licensed finance companies and specialised leasing companies (financial institutions), to provide concessions for lease facilities obtained by such businesses…
Obtaining the Public Comments and opinions on the new National Trade Policy will take place in the next few weeks, Trade Minister Bandula Gunawardena said. He said so at the Ministerial Consultative Committee on Trade affairs held recently at the Parliament. Further he added that an expert committee has been appointed to formulate the National…
The Ceylon Chamber of Commerce and the McLarens Maritime Academy recently entered in to a Memoranda of Understanding where CCC appointed surveyors will have an opportunity to undertake training programmes to enhance their technical know-how in the fields of bunker and draught survey. In addition to theoretical knowledge, the above training courses will deliver “On…
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