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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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Lanka’s outlook drops to negative from stable

Lanka’s outlook drops to negative from stable

🕔19:10, 20.Jun 2016

Moody’s Investors Service has today affirmed the Government of Sri Lanka’s foreign currency issuer and senior unsecured sovereign ratings at B1 and changed the outlook to negative from stable. Moody’s Investors Service said one reason for the downgrading was the expectation of a

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SLGTI to be opened in Kilinochchi

SLGTI to be opened in Kilinochchi

🕔07:59, 20.Jun 2016

The establishment of the Sri Lanka-German Training Institute (SLGTI), a landmark project initiated by German Development Cooperation (GIZ) in partnership with the Government of Sri Lanka, was announced at a press conference attended by Hon Mahinda Samarasinghe, Minister of Skills

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US to decide on Lankan tires in October

US to decide on Lankan tires in October

🕔08:27, 16.Jun 2016

Off-the-road tires imported from India and Sri Lanka are being subsidized, the U.S. Department of Commerce said in a preliminary countervailing duty determination issued June 14. In the case of India, Commerce found subsidies of 4.7 percent on OTR tires

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Lanka eyes 10-20 year sovereign bond issue

Lanka eyes 10-20 year sovereign bond issue

🕔09:59, 8.Jun 2016

Finance Minister Ravi Karunanayake told reporters today that the government is looking at a sovereign bond issue with a tenor of 10 to 20 years. Without revealing particulars, Finance Minister said the exact information on the bond issue will be

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BIZMEET to promote ethical business practices

BIZMEET to promote ethical business practices

🕔07:40, 3.May 2016

Junior Chamber International (JCI) Sri Lanka announced the inauguration of BIZMEET 2016, Sri Lanka’s first ever professional networking events aimed at promoting consistently ethical business practices among the country’s future corporate leaders. The inaugural event drew attendance from several distinguished

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Fairway gets first Bell 505 for Sri Lanka

Fairway gets first Bell 505 for Sri Lanka

🕔07:22, 3.May 2016

  Bell Helicopter leadership and representatives from Infotechs, a Bell Helicopter independent representative in Sri Lanka and the Maldives, joined Fairway Holdings to sign for the aircraft. Bell Helicopter Photo Bell Helicopter, a Textron Inc. company, has announced it has

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Oil falls as traders cash in after gains

Oil falls as traders cash in after gains

🕔09:36, 25.Apr 2016

Oil prices fell over 1 percent on Monday as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets. Front-month Brent crude was trading at $44.60 per

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