Constituent Change in the S&P Sri Lanka 20 Index The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2023 mid-year rebalance. The exclusion and inclusion as announced by S&P Dow Jones Indices, effective from 19th June 2023 (after the market…
First-ever luxury cruise liner to call the KKS Port Shipping Minister welcomes MS Empress at Jaffna First cruise sailing operation around the island The MS Empress, the first luxury vessel from Cordelia Cruises to Sri Lanka, was welcomed at the Kankesanturai Port (KKS), Jaffna, ushering in a new era of maritime travel and tourism for…
As the Sri Lankan economy continues to navigate through challenging times it is crucial for decision makers to carefully consider the impact of lifting the import restrictions on the local tile industry. Traditionally, Sri Lanka has been dependent on imports, but it must transform and cultivate a competitive and superior quality domestic industry. The habit…
The Ceylon Motor Traders Association (CMTA) has taken a proactive stance to address recent rumors surrounding the reinstatement of vehicle imports. With a focus on benefiting the economy, meeting mobility needs of masses, and ensuring government revenue, the CMTA has submitted a comprehensive proposal to the relevant authorities. The proposal, divided into two key parts,…
BNI Sri Lanka – the local branch of the world’s largest referral networking organisation, BNI (Business Network International) – is celebrating the success of its first ever large-scale event in the country. The National Conference titled “Building a global Sri Lanka. Networking the way forward,” was headlined by Founder & Chief Visionary Officer of BNI,…
Rashid Al Ardha appointed Manager for Sri Lanka and Maldives; Chandana de Silva to assume new role as Manager Government Liaison – Sri Lanka and Maldives Sri Lanka and Maldives – 16 June 2023: Emirates has announced the appointment of Rashid Al Ardha as the new Manager for Sri Lanka and Maldives, with effect from…
Turning a new page in passenger transport, David Pieris Motor Company (Private) Limited, Sri Lanka’s largest automotive company, launched E-drive, a model electric three-wheeler (tuk-tuk) taxi service for public transportation for the first time in Sri Lanka. Electric vehicles are the future. It is environmentally friendly with zero emissions and helps reduce dependency on fossil…
Reuters – English football club Manchester United (MANU.N) is negotiating granting exclusivity to the consortium led by Qatar’s Sheikh Jassim bin Hamad al-Thani in talks to sell itself for more than $6 billion, people familiar with the matter said on Thursday. While a deal remains uncertain, the development represents a major milestone in the efforts of Sheikh…
Reuters – Sri Lanka’s economy (LKGDP=ECI) shrank 11.5% in the first three months of 2023 from the previous year, government data showed on Thursday. The country is experiencing its worst financial crisis in decades. The state-run Census and Statistics Department said the agriculture sector showed growth of 0.8%, while industries contracted 23.4%, and services dropped 5%. Sri…
Two partnerships by the International Finance Corporation (IFC) has led to over 50 private sector companies in Sri Lanka advancing gender equality as well as working towards the economic inclusion of persons with disabilities and sexual orientation and gender identity minorities. As part of the ‘Together We Can (TWC)’ partnership, 44 companies with over 30,000…
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