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Webinar on ‘India – Sri Lanka Current Business Environment & Opportunities for Joint Collaborations for Agri & Processed Food Sector’

A webinar on “India – Sri Lanka Current Business Environment and Opportunities for Joint Collaborations for Agri and Processed Food Sector”, to promote Sri Lanka’s Agri products and Processed Foods will be held on 29th September 2020 (Tuesday) from 11.30a.m. to 1.00 p.m. The webinar is jointly organized by the Sri Lanka Consulate General in…

(0)Comments | September 18, 2020 12:23 pm

Govt. to call bids for 300MW LNG Power Plant

As a solution to the power crisis that may arise in the country in the future, it is appropriate to construct a 300 MW Liquefied Natural Gas Power Plant in Kerawalapitiya, the state information office said. Accordingly, it had been identified that it is appropriate to build and operate this power plant using Build, own, operate…

(0)Comments | September 18, 2020 9:30 am

Come forward and list your company – SEC Chairman

Chairman of the Securities and Exchange Commission of Sri Lanka (SEC), Viraj Dayaratne PC today (17) requested large companies, Small and medium-sized enterprises (SMEs), and startups to get listed in the Stock Market and raise funds. “I appeal to the large companies in Sri Lanka who have not yet listed, please come forward and list your companies…

(0)Comments | September 17, 2020 5:05 pm

We are targeting 500 listed firms for next 5 years: State Minister Cabraal

The Colombo Stock Exchange (CSE) should aim at increasing the number of listed companies from the current number of about 200 to 500 firms, State Minister for Finance, Capital Market and Public Enterprise Reforms Ajith Nivard Cabraal stated. “The digitalization will take away from you, from the brokers as well as the market players a lot of…

(0)Comments | September 17, 2020 4:22 pm

LAUGFS Terminals Complex at Hambantota International Port Celebrates 100th Ship Call

LAUGFS Terminals Ltd is celebrating today, the 100th ship call, for loading of LP Gas at its port based, all weather LP Gas Storage and Transhipment Terminal Complex located at Hambantota International Port. This facility was built and now operated by LAUGFS Terminals Ltd which is a fully owned subsidiary of LAUGFS Gas PLC.  The…

(0)Comments | September 17, 2020 3:59 pm

Sri Lanka stock market goes fully digital

Stock Market digitalization creates convenience and enhanced market accessibility for all Sri Lankans A special market opening ceremony was organized today (17) by the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) under the patronage of  Mahinda Rajapaksa, the Prime Minister of Sri Lanka to mark the Digitalization of…

(0)Comments | September 17, 2020 3:35 pm

E-commerce Readiness Assessment Report Sri Lanka launched

E-commerce Readiness Assessment Report Sri Lanka was launched by the Commonwealth Secretariat (COMSEC) in collaboration with the Sri Lanka Export Development Board (EDB). The report is the result of a request by the EDB in 2018 for technical assistance from COMSEC to conduct an e-readiness assessment for Sri Lanka and undertake capacity-building programmes on e-commerce…

(0)Comments | September 17, 2020 3:23 pm

Passports to be printed by Government Printing Department

A proposal has been presented by the Minister of Mass Media Keheliya Rambukwella to print passports and government confidential documents by the Government Printing Department. “Passports and government documents are currently being printed by foreign printing companies and printing them at the Government Press will retain the foreign exchange outflow in the country.” Hence, the…

(0)Comments | September 17, 2020 1:34 pm

External risks over remainder of 2020 greatest for Sri Lanka, Turkey and Ukraine: Moody’s

Financing pressures will persist for lowest-rated sovereigns with large external debt repayments Over the remainder of 2020, external pressures – which for many non-investment grade sovereigns were already significant prior to the current economic shock – will increase for some governments with large dollar-denominated debt repayments, Moody’s Investors Service said on Monday(14). “Weaker reserve adequacy…

(0)Comments | September 17, 2020 10:57 am

International tourist numbers down 65% in 1H 2020 – UNWTO

International tourist arrivals plunged 93% in June when compared to 2019, with the latest data from the World Tourism Organization (UNWTO) showing the severe impact COVID-19 has had on the sector.  According to the new issue of the World Tourism Barometer from the United Nations specialised agency, international tourist arrivals dropped by 65% during the…

(0)Comments | September 17, 2020 9:16 am

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