Governor Stewart Mackenzie, initiated the establishing of the Ceylon Chamber of Commerce on 25 March 1839, for the purpose of best promoting the interests of commerce. It was among the first group of chambers established in Asia at the time. Governor Mackenzie who was deeply interested in promoting Agriculture and Trade adopted the rules and…
The Chargé d’Affaires of Romania, resident in Colombo, Ambassador Victor Chiujdea, met Foreign Minister Dinesh Gunawardena on Friday, 19 March at the Foreign Ministry. The parties reviewed bilateral cooperation in the political, economic and cultural spheres, with a focus on trade, investment, tourism, foreign employment and agriculture. Reaffirming Sri Lanka’s commitment to further consolidating the…
Issues with connectivity, content, capacity gaps, at present, have been identified as major obstacles in school education in the new normal, and will not be so for long. Speaking at a well attended two day workshop jointly organized by the Ministry of Education and Information and Communication Technology Agency (ICTA), Prof. Kapila Perera, Secretary Ministry…
The Silk Road Journal – by Mahika Ming The Peoples Republic of China (PRC) is planning to hold the 2021 international summit on Digital Development in Fuzhou, in Fujian in Southern China under the theme “Stimulating new dynamics of data factors and embarking on a new journey for Digital China”. The two day summit starting…
The Entrepreneur Unites, a unique event organized by The Entrepreneur Media, brought four of Sri Lanka’s most influential business leaders on to one stage to help the country’s up-and-coming entrepreneurs build their entrepreneur mindset. Held at the Taj Samudra, Colombo, the exclusive event focused on the best insights and advice from Founder of Harpo’s Hotel,…
Chairman of John Keells Holdings PLC Krishan Balendra said the stock market had ‘overheated’ in January and the recent correction did not reflect the change in fundamental values. While addressing an economic conference in Colombo today (23), he stated that what happened in January in the stock market was not really reflective of the business…
Presidential Secretary Dr. P.B. Jasundara assures that Sri Lanka’s tax regime will not undergo any changes for the next five years and that Value Added Tax (VAT) will remain as 8 per cent. Addressing an economic conference in Colombo today (23) he said: “We’re assuring that tax regime which we have scheduled will not change….
Phase 1 of Passenger Car Radial expansion increases capacity by 16%; Phase 2 scheduled to come on line in May 2021 CEAT Kelani Holdings has announced that it has increased production of Passenger Car Radial (PCR/Van) tyres by 72,000 tyres a year, adding 16 per cent to its annual capacity in this category, as part…
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) increased to 4.2 per cent in February 2021 from 3.7 per cent in January 2021. This was mainly driven by the monthly increase in prices of items in the Food category. Accordingly, Food inflation (Y-o-Y) increased to 6.9…
Sampath Bank PLC joined hands with LankaClear to become one of the first banks in the country to facilitate real-time online payments to the Inland Revenue Department (IRD). Sampath Bank customers will now be able to make payments to the Inland Revenue Department, 24 x 7 x 365, directly from their savings or current accounts…
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