According to the latest external trade data released by the Central Bank, country’s trade deficit had contracted marginally in November 2019 (year-on-year), with both imports and exports declining. The deficit in the trade account contracted marginally in November 2019 to US dollars 762 million, from US dollars 785 million in November 2018. On a cumulative…
– Sizeable recent tech buy-out in Sri Lanka, valued at LKR 2.8 billion – Lead investment fund BOV Capital returns LKR 380 million on exit to its limited partners Global technology platform Zilingo has acquired Sri Lanka-based startup nCinga Innovations resulting in cash and stock worth approximately LKR 2.8 billion (USD 15.5 million) changing hands….
A congregation comprising of 20 press and media personnel, representing 20 reputed French and Belgian media enterprises, arrived in Sri Lanka on the 18th January 2020 on a familiarization tour of the island. The tour is an initiative of Mr. Chandra Wickramasinghe, the Chairman and Managing Director of Connaissance de Ceylan and Theme Resorts &…
Ernst & Young (EY) Sri Lanka will be hosting a breakfast event on Early Warning Systems (EWS) on 22nd January 2020 at Mövenpick Hotel, Colombo 03 from 8.00 am onwards. The event will acquaint the participants with the fundamentals of EWS and the implementation of the same in banks. The event primarily targets the Chief…
President of the Chartered institute of Management Accountants (CIMA) Mr. Amal Ratnayake was recently hosted at the Colombo Stock Exchange (CSE) for a special market opening ceremony organized to celebrate the professional management accounting body’s 100-year anniversary. CIMA Regional Vice President Mr. Venkkat Ramanan, Country Head Ms. Zahara Ansary, Immediate past Chair of the Country…
This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. STATUS OF JOB PROSPECTS OR BUSINESS PERFORMANCE Analysis of the…
By David Wilcock, Whitehall Correspondent for Mailonline and Larisa Brown, Defence And Security Editor For The Daily Mail Boris Johnson hit back at the US over the its opposition to Chinese tech giant Huawei being involved in the UK’s 5G network today, demanding Washington ‘tell us what the alternative is’. In a blunt message to…
CIMA President Amal Ratnayake yesterday (16) stated that the country is witnessing drastic technology-led change and businesses are operating in an increasingly complex and ambiguous world. “We understand the need to continuously push forward and adopt. Today businesses are operating in an increasingly complex and ambiguous world. Unprecedented changes and technological innovations are transforming the…
Manufacturing PMI expanded at a slower pace in December 2019 recording an index value of 54.3 mainly due to the slower expansion in New Orders, Production and Stock of Purchases. All the sub-indices indicated an expansion, yet at a slower pace, compared to November 2019. New Orders and Production expanded at a slower rate owing…
SLTPB made its first successful participation for the year 2020 at South Asia’s Travel & Tourism Exchange (SATTE) 2020 in New Delhi, India from 8th to 10th January 2020. The colorful Sri Lanka stall showcased the creative thinking of the Sri Lankan people, and a Cultural dance troupe entertained the visitors to their hearts content….
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