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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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Sri Lanka seeks support to improve export market

Sri Lanka seeks support to improve export market

🕔16:25, 21.Feb 2017

The Government today said that it needs to improve Sri Lanka’s exports by tapping new markets. Minister of International Trade Malik Samarawickrama told Parliament that Sri Lanka needs to look at new markets as the traditional markets have not helped Sri

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South Asian Stock Exchanges to meet in Colombo

South Asian Stock Exchanges to meet in Colombo

🕔11:32, 14.Feb 2017

The Colombo Stock Exchange (CSE) will host the Executive Committee Board Meeting for the current term of the South Asian Federation of Exchanges (SAFE) on the 27th of February 2017. Chief Executives of Stock Exchanges in South Asia will attend

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Sri Lanka to strengthen cooperation with EU bank

Sri Lanka to strengthen cooperation with EU bank

🕔15:48, 23.Jan 2017

Sri Lanka is to strengthen cooperation with the  European Investment Bank, the bank said in a statement today. The European Investment Bank is to provide EUR 50 million to support improvement and expansion of sewage networks across the Sri Lankan capital

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Hayleys to build mega Twin Towers

Hayleys to build mega Twin Towers

🕔08:31, 28.Dec 2016

The Hayleys group, Sri Lanka’s most diversified conglomerate and pioneer in value added exports, yesterday announced its latest venture, the ‘World Export Centre’, a state of the art “A” Grade office Twin Towers, with 55 floors each, having 3.8 million

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Sri Lanka expects 2.2 million visitors for 2016

Sri Lanka expects 2.2 million visitors for 2016

🕔18:25, 28.Nov 2016

Sri Lanka said it expects 2.2 million visitors in 2016, which would be a 26% growth compared with 2015. Sri Lanka’s Tourism Authority said that the country has welcomed 1.7 million visitors as of October, a 14.6% increase compared with

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Mövenpick hotel GM confident of tourism market

Mövenpick hotel GM confident of tourism market

🕔12:30, 26.Nov 2016

With Sri Lanka’s post war tourism boom set to reach higher ground over the next few years, more and more hotels are coming up in the city and in other parts of the country. Softlogic Holdings PLC will be opening

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Relaxed laws for foreign property owners

Relaxed laws for foreign property owners

🕔12:15, 26.Nov 2016

Breaking news this month is sending a wave across Sri Lanka and the world – the 2017 budget has been announced, and leading property portal Lamudi claims,it’s great news for real estate! Following the end of the war, Sri Lanka’s

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Investors urged to seize opportunity

Investors urged to seize opportunity

🕔17:05, 20.Nov 2016

The Government has called upon the local and foreign entrepreneurs to seize the best opportunity given by the government and invest in Sri Lanka. Minister of Finance Ravi Karunanayake says the investors have been given  enough incentives under Budget -2017

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Sri Lanka–Turkey trade talks resume in Ankara

Sri Lanka–Turkey trade talks resume in Ankara

🕔15:12, 13.Nov 2016

As bilateral trade surged by more than 130%, trade talks between Turkey and Sri Lanka re-opened on 11 November in Ankara-after 26 years. Turkey has also been invited by Sri Lanka to exploit Sri Lanka’s present and future Trade Agreements

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Sri Lanka to begin work on an Export-Import Bank

Sri Lanka to begin work on an Export-Import Bank

🕔15:57, 10.Nov 2016

Sri Lanka is to begin work on setting up an Export-Import Bank (Exim) bank, Finance Minister Ravi Karunanayake said today. The Minister told Parliament there was a need for such a bank in Sri Lanka and it will be setup

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Sri Lanka to have themed tourism development zones

Sri Lanka to have themed tourism development zones

🕔08:10, 1.Nov 2016

Sri Lanka today announced plans to attract tourists back to the ‘Pearl of the Indian Ocean’ with the launch of themed tourism development zones, a public-private sector initiative backed by the Ministry of Lands, the Ministry of Tourism and the

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Moody’s says VAT hike will keep IMF program on track

Moody’s says VAT hike will keep IMF program on track

🕔10:12, 31.Oct 2016

The Moody’s rating agency says the amendments to the value added tax (VAT) bill, which will increase the VAT tax rate to 15% from 11%, will pave the way for higher government revenues and adherence to International Monetary Fund (IMF)

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MAS Holdings to open a plant in Haiti soon

MAS Holdings to open a plant in Haiti soon

🕔23:26, 26.Jun 2016

MAS Holdings, a leading Sri Lankan conglomerate and is positioned as one of the world’s most recognized Design–to-Delivery Solution Providers in the realm of Apparel and Textile Manufacturing has announced opening plants in the Caracol Industrial Park (PIC) in Haiti

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