In line with the recently concluded Sri Lanka Investment Forum (SLIF) 2021 oganised by the BOI, The Ceylon Chamber of Commerce and Colombo Stock Exchange, the Council for Startups held a webinar on the Startup Ecosystem Landscape to attract investments via the local Tech and Innovation opportunities. It was noted that in a thriving /robust…
The Silk Road Journal by Mahika Ming The Katharagama Esala Perahera festival began few days ago. There are various views about the practice of “fire walking” which takes place during the festival. It is believed to be held for centuries to invoke blessings on the people & the country. Fire walking is mainly a religious…
Adds another 84,000 radials in most wanted sizes in Phase 2 of 2021 expansion plan Radial production increased by 32% since March CEAT Kelani Holdings has announced a production increase of 84,000 radial tyres per year for passenger cars and vans, in its second expansion in this segment within the past four months. The expansion…
A national consultation workshop on a strategy for sustainable freight transport in Sri Lanka was virtually held by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), Embassy and the Permanent Mission of Sri Lanka in Bangkok and the Ministry of Transport of Sri Lanka, on 5 July, 2021. Making opening remarks…
08 potential subcommittees are in place to promote trade between Sri Lanka and Singapore The 24th Annual General Meeting of the Sri Lanka – Singapore Business Council (SLSBC) of The Ceylon Chamber of Commerce was held on 16th June 2021 via Zoom. The SLSBC was inaugurated in 1997 under the aegis of the Ceylon Chamber of Commerce…
The Securities and Exchange Commission of Sri Lanka (SEC) along with the Colombo Stock Exchange (CSE) continue to drive digital advancement in Sri Lanka’s capital market with the launch of the second phase of the digitalization of the Stock Market on 07TH July 2021 under the patronage of His Excellency Gotabaya Rajapaksa, the President of Sri…
The Colombo Stock Exchange (CSE) has decided to revisit the methodology of the computation of the ASPI to determine the possibility of index movements being linked to the public float (as opposed to the total market capitalization as is current practice) of listed company constituents of the index. This would allow the ASPI to more…
Sri Lanka’s railway system transports essential goods and freight, serves thousands of daily commuters, and forms an island-wide transport network that benefits millions of Sri Lankans. Colombo Fort and Maradana are at the heart of the country’s suburban railway network and service the majority of rail transport within the Colombo Metropolitan Region (CMR). This network…
In terms of the provisions of the Foreign Exchange Act, No. 12 of 2017, the Hon. Minister of Finance has issued Regulations, with the approval of the Cabinet of Ministers, to permit companies incorporated in Sri Lanka under the Companies Act, No. 7 of 2007 (excluding companies engaged in finance business as per the Finance…
Considering the potential of Special Deposit Accounts (SDAs) to attract a substantial amount of foreign exchange into the country and the resultant positive impact on the foreign currency reserve position of the country and the overall economy, the Hon. Minister of Finance with the recommendation of the Monetary Board of the Central Bank of Sri…
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