With Colombo Port City and Cinnamon Life emerging as Sri Lanka’s most attractive investment opportunities in the property and leisure sectors, a webinar hosted recently by the Sri Lanka Canada Business Council (SLCBC) of the Ceylon Chamber of Commerce offered potential investors a unique opportunity to gain investor insights into the two projects. Senior executives…
TikTok, the world’s leading short form video platform, recently announced updates to its Community Guidelines, to further enhance the well-being of its community and the integrity of the platform. The most recently published report shows that over 91 million violative videos were removed globally during Q3 2021 – around 1% of all videos uploaded. 73.9%…
The Central Bank of Sri Lanka (CBSL) introduced various measures to encourage investments in Sri Lanka Development Bonds (SLDBs). Validating the effectiveness of the measures introduced, funds amounting to USD 111.5 million have been raised through direct issuance of SLDBs from 01st January to 15th February 2022. The investments in SLDBs during the above period…
Dr. Manil Fernando takes office as Honorary Consul The Honorary Latvian Consulate of Sri Lanka was declared re-open for consulate work on the 11th of February 2022 by His Excellency Mr. Artis Bertulis, Ambassador of the Republic of Latvia for the Republic of India. Dr. Manil Fernando ceremoniously took office as Honorary Consul, during the…
Colombo’s first Water Sports Centre launched by Lanka Sportreizen at Port City We Sri Lankans are an island people and most of us just love the ocean, but when we want to enjoy the waves, Colombo is very rarely the place we imagine doing it. However, Lanka Sportreizen (LSR) is set to completely turn this…
Over 100 companies across seven countries participated in an international buyer-seller meet focused on facilitating international trade and co-operation in specialised agricultural inputs, held on 10th February, 2022. The first edition of the International Buyer Seller Meet, facilitated virtual B2B interaction for 135 agricultural input companies from Sri Lanka, India, Nepal Brunei, Mexico, UK and…
The leading blue-chip conglomerate, Aitken Spence PLC reported its best ever third quarter (Q3) performance with a Profit-Before-Tax (PBT) of Rs. 3 Bn in Q3 2021-22, a significant turnaround from the third quarter Q3 of the previous year. The Group’s businesses including the tourism sector is showing positive momentum. Across all sectors, the Group’s earnings…
The membership of the Ceylon Chamber of Commerce notes serious concerns on the provisions of the Surcharge Tax Bill that has been gazetted recently to implement the budget proposal on same. In its immediate reaction to the budget as conveyed by the post budget release to the media and in numerous post Budget forums where…
The Silk Road Journal by Mahika Ming As per Ministry of Commerce of China, mainland alone had attracted foreign direct investment (FDIs) worth approx. 1.7 billion USD in 2021 at time the world was battling COVID 19. It is an approx. 15% increase from 2020. This according to sources excludes banking, securities and insurance sectors….
Supporting the speedy revival of the tourism industry in Sri Lanka, the European Union (EU) Delegation to Sri Lanka, has allocated funds to help strengthen the local wellness tourism capacity for Sri Lanka to transform into an attractive destination for wellness tourism. This will be carried out under the guidance of Sri Lanka Tourism. The…
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