The Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), recently signed a service agreement with Lanka IOC PLC as the registrar for Lanka IOC PLC, with effect from 01st of January 2023. Lanka IOC PLC, with a corporate history spanning 20 years, is the only private sector auto fuel…
BEIJING, Jan 26 (Reuters) – China’s Export-Import Bank of China (EXIM) has provided Sri Lanka with a debt extension, China’s foreign ministry said on Thursday, confirming a Reuters report earlier this week. read more . EXIM offered Sri Lanka a two-year moratorium on its debt and said it would support the country’s efforts to secure a $2.9…
At a recent discussion held by the Minister of Ports and Shipping, the Sri Lanka Shippers’ Council was informed that the Gazette No. 2041/10 dated 17th October, 2017 regarding the Licensing of Shipping Agents, Freight Forwarders, Non-Vessel Operating Common Carriers and Container Operators (Act No. 10 of 1972), which protects importers and exporters from anti-competitive…
Sri Lanka Tea Production slumped to a 26 Year Low of 251.4 Mnkg. Back in 1995 the country harvested 246 Mnkg from a much smaller production base. This was the highest on record at the time and tea production continued to grow steadily thereafter, with a peak of 340 Mnkg recorded in 2013. An analysis…
Senior delegations from three leading British independent schools visited Colombo for discussions with the Colombo Port City Economic Commission and senior management of Port City Colombo earlier this month, pertaining to the development of an International School at the Port City Colombo. These schools are backed by a rich heritage going as far back as…
The Commercial Bank of Ceylon has announced that it has opened an Indian Rupee denominated Nostro Account at the 116-year-old Indian Bank – Mumbai, to facilitate trade transactions between Sri Lanka and India. The Bank said this decision follows the Central Bank of Sri Lanka (CBSL) classifying the Indian Rupee as a designated foreign currency…
A business delegation of the Sverdlovsk Region of the Russian Federation recently paid a courtesy visit to the Board of Investment of Sri Lanka (BOI) and called on BOI Chairman Dinesh Weerakkody, Director General M Weerakone and other top officials. The objective of the visit is to discuss investment opportunities, the attraction of FDIs from…
(Reuters) – Sri Lanka’s central bank held interest rates steady for a third straight meeting on Wednesday, as widely expected, saying the prevailing tight monetary stance is crucial to taming still-high inflation and restoring economic stability. The island nation of 22 million people, which is trying to clinch a $2.9 billion IMF funding package, is in…
The Colombo Dockyard PLC, a Board of Investment (BOI) registered establishment, launches 2nd vessel of a series of six numbers 5000DWT Eco Bulk Carriers being built for Misje Eco Bulk AS, Norway (Misje). BOI Director General Renuka M Weerakone graced the ceremonial launching, which was held at Dock No 2 of CDPLC premises on January…
The French manufacturing giant, Michelin, the second largest tyre manufacturer in the world, recently signed six supplementary agreements with the Board of Investment (BOI), worth US$ 20.94 Million, denoting a gesture of expressing confidence in expanding business in Sri Lanka amid economic challenges, and thereby, bolstering the partnership with the BOI. The agreement signing in…
Video Story
