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TEA makes push to liberalize tea imports

TEA makes push to liberalize tea imports

🕔07:34, 24.Jun 2017

The proposal for liberalization of tea imports has been debated for over 15 years without any decision. The Tea Exporters Association (TEA) request for liberalization was included in the 2016 government budget approved by the parliament. However, it was not

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Germany’s Hannover ready to promote Sri Lanka

Germany’s Hannover ready to promote Sri Lanka

🕔08:00, 20.Jun 2017

Upcoming business and investment opportunities in Sri Lanka received much attention during Ambassador Amunugama’s recent meetings with Dr. Christian Hinsch, the Chief Executive Officer of HDI Global – one of the largest insurance companies in Germany and the President of Hannover

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No impact on economy from Gulf crisis

No impact on economy from Gulf crisis

🕔11:10, 11.Jun 2017

The Sri Lankan economy has not faced any negative impact so far from the crisis in the Gulf region. The Government says it closely monitoring the developments in the Gulf and the impact it may have on the Sri Lankan

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SEA’s hospitality leaders to gather in Colombo

SEA’s hospitality leaders to gather in Colombo

🕔11:21, 6.Jun 2017

The South East Asia Hotel & Tourism Investment Conference (AHTIC), a top-level gathering of international investors, business leaders, government ministers and officials will return to Colombo, Sri Lanka in November, under the patronage of Maithripala Sirisena, President of Sri Lanka.

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IMF warns US, China pose risk to Asian economy

IMF warns US, China pose risk to Asian economy

🕔07:25, 5.Jun 2017

A lack of clarity about the size of an expected U.S. fiscal stimulus and China’s rapid domestic credit growth are among risks that cloud Asia’s economic outlook, a senior International Monetary Fund official said on Monday. “Asia continues to be

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Exporters face challenges despite GSP plus

Exporters face challenges despite GSP plus

🕔12:21, 4.Jun 2017

Local exporters say they are facing many challenges and are unable to reap the benefits of the much awaited GSP plus scheme from the European Union (EU). Speaking on the current status of the country’s export revenue after we have

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New policy to negotiate trade deals

New policy to negotiate trade deals

🕔07:47, 26.May 2017

Sri Lanka on Thursday announced a new trade policy to negotiate international trade agreements. The Ministry of Development Strategies and International Trade headed by Malik Samarawickrema said in a statement that a New Trade Policy (NTP) has been drafted by

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Lanka in unofficial talks with UK on exports

Lanka in unofficial talks with UK on exports

🕔16:17, 21.May 2017

The Government has initiated unofficial discussions with the United Kingdom with regard to exports post Brexit. Dr. Harsha de Silva, Deputy Minister of Foreign Affairs told The Sunday Leader Brexit will not have a major impact on Sri Lankan exports

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Sri Lanka to promote trade with China’s Guangxi

Sri Lanka to promote trade with China’s Guangxi

🕔08:36, 15.May 2017

Sri Lanka is to host a forum this week to promote trade with the Guangxi Zhuang Autonomous Region in China, officials said on Sunday. A 70-member high profile delegation, led by Peng Qinghua, Secretary of the Communist Party of Guangxi

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IMF experts study new draft Bill

IMF experts study new draft Bill

🕔11:26, 13.May 2017

Legal experts of the International Monetary Fund (IMF) are still analyzing the contents of the new draft bill on the Inland Revenue Act before deciding on the completion of the second loan review in June. William Murray from the Communications

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Sri Lanka’s focus on export-driven economy

Sri Lanka’s focus on export-driven economy

🕔09:04, 10.May 2017

Sri Lanka said on Tuesday that its location and external relations stand well in supporting an export-driven economy. Governor of Sri Lanka’s Central Bank Dr. Indrajit Coomaraswamy said that for Sri Lanka it is of utmost importance that effective fiscal

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Moody’s assigns B1 rating to Sri Lanka’s global bond offering

Moody’s assigns B1 rating to Sri Lanka’s global bond offering

🕔11:32, 8.May 2017

Moody’s Investors Service (“Moody’s”) has assigned a B1 rating to the Government of Sri Lanka’s US dollar bond offering maturing in 2027. The outlook on the Government of Sri Lanka’s issuer rating is negative. Sri Lanka’s B1 rating balances the

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Westports keen to participate in Lankan project

Westports keen to participate in Lankan project

🕔08:20, 4.May 2017

Westports Holdings Bhd has confirmed that it is keen to participate in the Hayleys PLC-led consortium bidding to complete the construction of Colombo Port’s East Container Terminal in Sri Lanka. The Sri Lankan government called for bids to develop the

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China may put South Asia on road to debt trap

China may put South Asia on road to debt trap

🕔09:05, 2.May 2017

China’s grandiose global connectivity initiative — One Belt One Road (OBOR) or Belt& Road Initiative (linking China with Europe via SE Asia & C Asia through land & sea links) — which is set to receive a formal endorsement at

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Foreign investors show keen interest

Foreign investors show keen interest

🕔08:30, 25.Apr 2017

Sri Lanka’s stock market, the Colombo Stock Exchange (CSE), has garnered a keen interest among foreign institutional investors, with a surge in foreign activity contributing to a strong showing in both daily turnover levels and the performance of the stock

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CSE seeks views on Listing Rules of the CSE

CSE seeks views on Listing Rules of the CSE

🕔12:46, 18.Apr 2017

The Colombo Stock Exchange (CSE) seeks to obtain the views/observations of the general public and the stakeholders of the CSE, including Listed Companies, regarding the proposed amendments to certain Listing Rules of the CSE. The amendments have been proposed with

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Payment gateway provider to enter Sri Lanka

Payment gateway provider to enter Sri Lanka

🕔09:07, 17.Apr 2017

Razorpay, a payment gateway solution provider focused on online merchants, plans to go international. It is looking to enter South East Asia and West Asia markets in 2018-19, Harshil Mathur, co-founder, has said. “South East Asia and West Asia will

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SilkAir Launches Flights to Colombo, Sri Lanka

SilkAir Launches Flights to Colombo, Sri Lanka

🕔10:16, 10.Apr 2017

SilkAir has launched thrice-weekly flights to Colombo, Sri Lanka. The flights to Colombo are scheduled on Wednesdays, Thursdays and Saturdays. The flights will be operated with Boeing 737-800 aircraft, with both Business Class and Economy Class cabins. Customers onboard the

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Hilton signs landmark deal

Hilton signs landmark deal

🕔08:25, 6.Apr 2017

Hilton (HLT) signed six management agreements with Melwa Hotels and Resorts Private Limited to manage three Hilton Hotels and Resorts and three DoubleTree by Hilton properties in Sri Lanka. This latest milestone also marks the debut of the award-winning DoubleTree by Hilton

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CICT tops 2 million performance in Colombo

CICT tops 2 million performance in Colombo

🕔08:48, 30.Mar 2017

Colombo International Container Terminals Limited (CICT), part of China Merchants Port Holdings Company Limited, achieved a breakthrough of 2 million TEUs in 2016. China Merchants Port Holdings Managing Director Bai Jingtao said the Group’s project in Sri Lanka, said the actual

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