The National LANKAQR Initiative “ රට පුරාම (Rata Puraama) LANKAQR” was launched today (5th October 2020) at the Central Bank of Sri Lanka (CBSL) by Dr. Bandula Gunawardena, Minister of Trade as the Chief Guest, in the presence of Ajith Nivard Cabraal, State Minister of Money & Capital Market and State Enterprise Reforms, Lasantha Alagiyawanna,…
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) today (05) recorded the highest drop in a single day in history after the island nation reported the first case of Covid-19 community infection in several months. Sri Lanka’s only Capital Market All Share Price Index (ASPI) crashed down by 8.21% or 496.50…
The Beijing Swift – By Prof. Samitha Hettige © According to a Chinese folk tale about six centuries ago people of south China used to train Elephants for various tasks which is difficult for humans to perform as in Sri Lanka, Thailand and India. South China borders Laos which is also known as “the land…
The Ceylon Chamber of Commerce recently established the CCC Council for Startups under the guidance of its National Agenda Committee on Entrepreneurship Ecosystem. The inaugural meeting was held on 28th September 2020. Entrepreneurship plays a vital role in stimulating sustainable economic growth and fostering prosperity of nations. Entrepreneurship contributes to the creation of wealth, generation…
ITC and Department of Commerce Successfully Completes STATA Software Training The International Trade Centre (ITC) in collaboration with the Department of Commerce (DoC) of Sri Lanka successfully completed a specialized training in September for 15 public sector officers and researchers on the globally acclaimed statistical software package STATA. The ITC – a joint agency of…
Regular trading at the Colombo Stock Exchange (CSE) was temporarily halted for 30 minutes from 11.07 am to 11.37 am this morning (05) as S&P SL20 index dropped by 5% during the trading session. S&P SL20 index fell 125.53 points or 5.11% to 2,328.90 and the All Share Price Index also fell 4.26% or 257.54 points in early trade to 5,792.63. The market turnover…
Although immediate debt payments can be met by Sri Lanka, to build credibility, a medium-term plan is required, a panel of eminent economists said whilst urging the Government to take credible and decisive action to prevent a painful debt crisis. Key insights were shared at the ‘Deep Dive,’ organised by the Advocata Institute that aims to…
In furtherance of the Embassy’s commercial engagements to obtain export orders to Jordan for Sri Lankan companies, Ambassador Shanika Dissanayake introduced the fitness products of Textrip (Pvt) Ltd and Elasto Group of Companies to a well known Jordanian fitness and wellness studio entrepreneur to secure a foothold for value added sports products made out of…
Brandix has detected that an apparel worker in its manufacturing facility in Minuwangoda is COVID-19 positive. The rigorous protocol implemented across Brandix, and the immediate response and support received from the PHI and relevant health authorities of Sri Lanka enabled the early detection of the patient, ensuring her timely transfer to IDH for immediate treatment…
On 02 October 2020, the Central Bank of Sri Lanka successfully completed the settlement of the maturing International Sovereign Bond of US dollars 1 billion along with the due coupon payments, on behalf of the Government of Sri Lanka. This settlement reconfirms the Government’s unwavering commitment to honour its foreign liabilities, thereby bolstering investor confidence…
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