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Lankan biz throng first Seychelles forum in Colombo

No less than 130 reps from 125 Lankan firms thronged the first bilateral B2B call between Sri Lanka and Seychelles biz ever to be held in Colombo on 27 August. “Today’s event can be a stepping stone for more bilateral trade between both countries, which is an urgent need at this moment.  The total bilateral…

(0)Comments | August 27, 2014 3:47 pm

Achchuveli industrial giant reawakens

The first phase of the reconstructed Achchuveli Industrial Estate in Jaffna which had been rendered inactive by the war was declared open by Economic Development Minister Basil Rajapaksa this morning (27 August). The Indian government provided assistance for the rejuvenation of this project by providing some Indian Rupees 225 million. The Achchuveli Industrial Estate is…

(0)Comments | August 27, 2014 3:40 pm

Mustapha to listen to European investors’ grievances

The Investment Promotion Ministry together with the missions of European countries have set up a monthly programme to listen to the European investors in Sri Lanka and resolve the grievances faced by them. While speaking on this programme, Deputy Minister of Investment Promotion Faizer Mustapha told adaderanabiz.lk that the Board of Investments of Sri Lanka…

(0)Comments | August 27, 2014 3:10 pm

Dambulla hitting Pettah, we are idling, says Nathan

Business in the wholesale market has greatly decreased since most now go to the Dambulla Economic Centre to buy their essential commodities, says the secretary of the Pettah Essential Commodities Importers’ Association. While speaking to adaderanabiz.lk, Pettah Essential Commodities Importers’ Association secretary G. Nathan said, “By now, the onion harvest from Dambulla is entering the…

(0)Comments | August 27, 2014 12:52 pm

Oats based products to be made in Mirigama under BOI

The BOI signed an agreement with Aussee Oat Milling Pvt Ltd, to manufacture oats based products such as rolled/flaked oats, flavored oats, oats muesli, oats flour, oats bars and oats cookies for export. The company plans to invest US$ 10.5 millionto set up a manufacturing plant in the Export Processing Zone in Mirigama. Aussee Oat…

(0)Comments | August 27, 2014 10:00 am

Seylan Bank trains Omani staff of Asia Express Exchange

Seylan Bank is currently conducting a one-week intensive training programme for the staff of the Oman-based Asia Express Exchange in Colombo.  The 13 member team arrived in Sri Lanka on Tuesday 26 August and will undergo comprehensive training sessions by a team of banking professionals from Seylan Bank until Monday 01 September. Among the wide…

(0)Comments | August 26, 2014 11:26 pm

Stock Market Review – 26th Aug 2014

Colombo bourse closed with mixed returns on Tuesday where benchmark All share price index advanced by 29.29 points (+0.42%) to end at 7,013.32 while S&P SL 20 index marginally lost 3.42 points (-0.09%) to end at 3,851.85. Price appreciation in counters such as Richard Pieris (closed at LKR 9.20, +18%), Commercial Leasing & Finance (closed…

(0)Comments | August 26, 2014 11:01 pm

New ASEAN’s biggest market opens to Lankan biz

The largest economy and the market in the New ASEAN announced that its business sector is officially ready for wider engagement with Sri Lankan biz sector-and hinted it’s time for a Lankan biz council on its own soil. “The idea to establish a Vietnam-Sri Lanka Business Council right here in Vietnam is a good initiative-in…

(0)Comments | August 26, 2014 12:47 pm

California Governor Signs Law Requiring a ‘Kill Switch’ on Smartphones

Governor Jerry Brown of California on Monday signed into law a measure that requires smartphones sold in California to include smarter antitheft technology, a feature that lawmakers hope will help reduce phone theft. The bill, introduced by State Senator Mark Leno and sponsored by George Gascón, San Francisco’s district attorney, requires a so-called “kill switch”…

(0)Comments | August 26, 2014 11:50 am

Looking out for special person arriving in Sri Lanka soon

The one millionth tourist to Sri Lanka this year is expected to arrive in a day or two and all preparations have been made to welcome him or her, said Sri Lanka Inbound Tour Operators’ Association president Mahendra Kariyawasam. Last year, Sri Lanka reached its one million tourist mark by end in November 2013. However,…

(0)Comments | August 26, 2014 11:22 am