Views - 445 Saturday, 16 September 2017 00:29
Sri Lanka is not hiding its optimism for its apparel industry in the post-GSP Plus era – especially with a further $ 400 m revenue from exports now in the pipeline for apparel.
Views - 335 Saturday, 16 September 2017 00:21
Views - 192 Saturday, 16 September 2017 00:18
Reuters - The rupee ended firmer on Friday as inward remittances and exporter dollar sales surpassed mild dollar demand from importers, dealers said.
Views - 874 Saturday, 16 September 2017 00:15
Asia Securities arranged and executed the country’s largest acquisition of a controlling stake in a listed company in history yesterday.
Views - 77 Saturday, 16 September 2017 00:11
Seoul/Tokyo (Reuters): North Korea fired a missile that flew over Japan’s northern Hokkaido far out into the Pacific Ocean on Friday, South Korean and Japanese officials said, further ratcheting up tensions after Pyongyang’s recent test of its mo
Views - 811 Saturday, 16 September 2017 00:06
Hailing the Board of Investment (BOI) celebrating four decades, Prime Minister Ranil Wickremesinghe yesterday said his Government together with President Sirisena was preparing for a great leap forward in investment and exports to catapult Sri Lanka
Views - 984 Friday, 15 September 2017 00:10
Claiming ignorance on the identity of the “powerful friends” who are said to have relayed confidential, price-sensitive information to former Director Arjun Aloysius,
Views - 215 Friday, 15 September 2017 00:00
President Maithripala Sirisena yesterday emphasised the need for a national highways policy that does not change from time to time when the construction of expressways is being carried out.
Views - 567 Friday, 15 September 2017 00:00
The Brandix Group was yesterday declared Sri Lanka’s No. 1 exporter across all industries in 2016 at the Presidential Export Awards
Views - 493 Friday, 15 September 2017 00:00
To mitigate disruptions by the rise of digital platforms and startups in the hospitality industry, the tourism authorities are now having discussions with booking agencies to introduce a mechanism to collect taxes from the informal sector and standar
Views - 770 Friday, 15 September 2017 00:00
The share price of export rich diversified blue chip Hayleys Plc gained sharply yesterday with investors rating its prospects following the planned mega acquisition of Singer Sri Lanka Plc.
Views - 547 Friday, 15 September 2017 00:00
Sri Lanka has high food costs. Consumer prices are 25.22% higher (and grocery prices 34.48% higher) than in India according to data gathered for August by Numbeo, a crowd-sourced database.
Views - 1451 Thursday, 14 September 2017 00:28
As the days tick down for Budget 2018, Finance Minister Mangala Samaraweera yesterday pledged to present an overarching policy framework that would concentrate on greater liberalisation and reforms as well as promote entrepreneurship, expand key sect
Views - 313 Thursday, 14 September 2017 00:27
The European Union yesterday praised the Sri Lankan Government for the progress made in advancing human rights, labour and environmental standards, but stressed that there were still many areas where reform had yet to be delivered.
Views - 256 Thursday, 14 September 2017 00:26
The Invest Sri Lanka Investor Forum organised by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) in association with CSE member firms and leading listed companies will be held on 16 October at the Sofite
Views - 9659 Thursday, 14 September 2017 00:26
Export-rich diversified blue chip Hayleys Plc yesterday announced the country’s biggest ever acquisition - control of consumer durables giant Singer Sri Lanka Plc for Rs. 11 billion.
Views - 451 Thursday, 14 September 2017 00:19
The Presidential Commission of Inquiry (PCoI) looking into the controversial Treasury bond issuance yesterday conceded that Perpetual Treasuries Ltd. (PTL) former Director Arjun Aloysius cannot be compelled to testify before the commission if he refu
Views - 624 Thursday, 14 September 2017 00:00
According to a news report, the Department for Registration of Persons (DRP) is to issue a new ‘smart ID’ within the next two months.
Views - 1073 Thursday, 14 September 2017 00:00
Representatives of key industries yesterday presented their main proposals for consideration at the 2018 pre- Budget forum organised by the Daily FT and the Colombo University MBA Alumni Association with Standard Chartered Bank as the Strategic Partn
Views - 152 Thursday, 14 September 2017 00:00
Reuters: Sri Lanka plans to increase its overall government borrowing by 16% in 2018 to Rs. 1.8 trillion ($ 12 billion), a document showed on Wednesday.
Views - 823 Wednesday, 13 September 2017 00:10
The Government yesterday confirmed it would set up an infrastructure-sharing entity which will be brought under the purview of the Telecommunication and Digital Infrastructure Ministry to speed up digitisation for envisaged economic growth.
Views - 204 Wednesday, 13 September 2017 00:00
Thailand’s former Deputy Prime Minister Dr. Supachai Panitchpakdi yesterday declared that the retail industry was key to the revival of the economy.
Views - 342 Wednesday, 13 September 2017 00:00
The National Economic Council (NEC) appointed by the President Maithripala Sirisena to take decisions on strengthening national economy met for the first time yesterday at the Presidential Secretariat in Colombo.
Views - 398 Wednesday, 13 September 2017 00:00
China yesterday reiterated its commitment to further bilateral ties with Sri Lanka and donate more to support innovation and technology development in the island in order to enable it to be an information and telecommunication hub in South Asia.
Views - 1451 Wednesday, 13 September 2017 00:00
Dialog Axiata Plc, Sri Lanka’s premier connectivity provider, yesterday stepped up its foray into digital financial services with the acquisition of 80.34% stake in Colombo Trust Finance Plc (CTF) for Rs. 1.072 billion.
Views - 557 Wednesday, 13 September 2017 00:00
Criminal Investigations Department (CID) officials yesterday called on Perpetual Treasuries Ltd. (PTL) former Director Arjun Aloysius at his private residence in order to secure bank details he had failed to produce at the Presidential Commission of
Views - 293 Wednesday, 13 September 2017 00:00
Telecommunication and Digital Infrastructure Minister Harin Fernando said Sri Lanka will make a fresh application for the Google Loon Project initiated almost two years ago to determine this innovation as a viable project for increasing the country
Views - 886 Tuesday, 12 September 2017 00:11
Acknowledging shortcomings in delivering justice to meet public expectation, the State Minister of Finance Eran Wickramaratne yesterday provided reassurance that the Government was still committed to establishing a rules-based society.
Views - 227 Tuesday, 12 September 2017 00:10
Most Sri Lankan non-life insurers should be able to absorb near-term volatility and the effects of adverse weather-related events given the extensive use of reinsurance, Fitch Ratings disclosed yesterday.
Views - 422 Tuesday, 12 September 2017 00:10
Tuesday, 26 September 2017
World Tourism Day has been celebrated since 1980 on 27 September, the day in which the Statutes of the World Tourism Organization (UNWTO) entered into force.
Tuesday, 26 September 2017
Economic sanctions are not a new phenomenon to Iran. It has been 38 years since the Iranian revolution (1979) took place. Since then, the United States, European Union and some other countries have been imposing
Monday, 25 September 2017
In Part 1 of the article series on the Government’s Vision 2025 published last week, it was pointed out that the present vision document was just the fourth of such visions pronounced by the Government during the last two year period.
Monday, 25 September 2017
Tourism is one of the world’s largest and fastest growing industries. In many countries it acts as an engine for development through foreign exchange earnings and the creation of direct and indirect employment.