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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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Sri Lanka to woo Aussie, Kiwi investors

Sri Lanka to woo Aussie, Kiwi investors

🕔16:00, 15.Mar 2017

The Colombo Stock Exchange (CSE), in association with the Securities and Exchange Commission of Sri Lanka (SEC)and the Sri Lankan High Commission in Australia will host a series of ‘Invest Sri Lanka’ Forums in Australia and New Zealand (ANZ). The

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Metal/Alloy of 1, 5 Rupee coins change

Metal/Alloy of 1, 5 Rupee coins change

🕔23:57, 14.Mar 2017

The Central Bank of Sri Lanka says a new set of circulation coins of Rupee 1 and Rupees 5 will be issued to circulation after changing the metal/alloy from brass plated steel (gold colour) to stainless steel (silver colour). The edge

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New Zealand business delegation in Sri Lanka

New Zealand business delegation in Sri Lanka

🕔16:31, 6.Mar 2017

COLOMBO, March 6 (Xinhua) — A New Zealand business delegation arrived in Sri Lanka on Monday to further strengthen business links between the two countries. Led by New Zealand Food Safety Minister David Bennett, the delegation comprises some of New

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Drought-related costs add to Sri Lanka’s challenges

Drought-related costs add to Sri Lanka’s challenges

🕔11:56, 2.Mar 2017

Sri Lanka’s ambitious 2017 fiscal deficit target will be even more challenging to achieve as a result of the drough related costs, the Moody’s ratings agency said today. On Saturday, the Government announced that it will continue to provide compensation to households

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Norwegian pension fund doubles investment in Lanka

Norwegian pension fund doubles investment in Lanka

🕔11:47, 2.Mar 2017

Norwegian Government Pension Fund has more than doubled its investment in Sri Lanka by end of 2016, the Norwegian Embassy in Colombo said today. The Norwegian Government Pension Fund Global is a sovereign wealth fund, with a mandate to safeguard

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Srilankan Airlines takes delivery of its first A320neo

Srilankan Airlines takes delivery of its first A320neo

🕔15:21, 27.Feb 2017

Srilankan Airlines has taken delivery of its first A320neo on lease from Air Lease Corporation (NYSE: AL), making the airline the latest operator of the type. The delivery from Airbus’ facilities in Hamburg is the first of a fleet that’ll

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Carlsberg FY16 results hit by Sri Lanka floods

Carlsberg FY16 results hit by Sri Lanka floods

🕔21:32, 22.Feb 2017

Carlsberg Brewery Malaysia Bhd’s net profit for the fourth quarter ended Dec 31, 2016 fell 36.81% to RM47.07 million from RM74.48 million a year ago due to losses caused by floods in Sri Lanka. In a filing with Bursa Malaysia

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