Author: lbostgadmin
Sri Lanka & Thailand hold high-powered talks to explore mutually beneficial investment corridors
To further enhance and expand investment corridors between Sri Lanka and Thailand, the Embassy and Permanent Mission of Sri Lanka in Bangkok, together with the Board of Investment of Sri Lanka and China Harbour Engineering Company (CHEC) Port City Colombo (Pvt) Ltd, co-hosted a high-powered dialogue by inviting leading line agencies and trade chambers of […]
Central Bank recommends complete repatriation of export proceeds within reasonable period
Steps must be taken to strengthen the systems to ensure monitoring and to implement measures that lead to the complete repatriation and conversion of export proceeds within a reasonable period, the Central Bank said. Releasing an information series note on the current status of the export earnings, the Central Bank justified that it would be […]
Meeting between Central Bank Governor & Bangladesh High Commissioner to Sri Lanka
The Governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal met with Bangladesh High Commissioner to Sri Lanka, Tareq Md Ariful Islam today (24), to discuss strengthening of economic ties and greater utilization of the Colombo Port for Bangladesh exports.
Asanga Seneviratne elected to CSE Board of Directors
The Colombo Stock Exchange (CSE) announces the appointment of Asanga C. Seneviratne as a Director of the CSE Board with effect from 23rd September 2021. Seneviratne has previously served on the Board of the CSE as a Director during the period from 2013 to 2017. He is presently the Chairman of Nation Lanka Equities (Pvt) […]
SL Ambassador to China visits Sinopharm head office; repeats request for vaccine refilling plant
Ambassador of Sri Lanka to China Dr. Palitha Kohona, together with Embassy officials, were invited to visit Sinopharm’s Beijing Institute of Biological Products Co., Ltd. (CNBG) on 23 September 2021. The Vice President of the Sinopharm HQ Shi Shengyi, the President of the Biological Products Division Zhu Jingjin, and the Vice President of the International […]
‘s exports exceed USD 1Bn for third consecutive month in August
Sri Lanka’s merchandise exports in August 2021 recorded an increase of 14.4 % to US$ 1,083.56 Mn as compared to US$ 947.2 Mn recorded in August 2020 as per the data released by Sri Lanka Customs. Table 1: Merchandise Export Performance Values in US$ Mns Exports of Goods Jan-Aug 2019 Jan-Aug 2020 Jan-Aug […]
Property Prices in Sri Lanka Remain Positive & Stable in Q2 Despite COVID Waves: report
A recent study on the House Price Index developed by LankaPropertyWeb which is based on the asking prices of its listings revealed that overall residential land prices (per perch) had soared by 44.19% from Q2 2020 to Q2 2021. 4 bedroom house sales prices had increased by 15.68% from Q2 of 2020 while average 3 […]
Fertilizer shortage will deprive Sri Lanka of critical forex earnings – Planters’ Association
Due to the shortage of suitable fertilizer, Sri Lanka is unlikely to be able to achieve its export earnings target for 2021, according to the Planters’ Association of Ceylon (PA), which also reiterated calls for a sustainable solution to the worsening crisis. Earlier this year, the Export Development Board (EDB) set a target of USD […]
Lankan Angel Network & Angel Fund Appoint First Female Chairperson
The Lankan Angel Network (LAN), the country’s largest network of angel investors, has appointed Chandi Dharmaratne as its Chairperson for 2021/2022, at its most recent Board Meeting held in September. Ms. Dharmaratne is the first woman to lead the Lankan Angel Network. As she steps into this role, Ms. Dharmaratne succeeds Mano Sekaram, Founder/CEO – […]
UK removes Sri Lanka from the red list for entering England
Sri Lanka will move to the amber list for entering England from 22 September 2021, updating its foreign travel advice, the Government of the United Kingdom said. Currently, Sri Lanka is on the red list for entering England. Research conducted by the World Travel & Tourism Council (WTTC) has revealed Sri Lanka’s economy could face […]
United States Delivers USD40 Mn to Support Small Businesses & Empower Sri Lankan Women
The United States has provided $40 million in financing to SDB Bank in order to bolster Sri Lanka’s Small and Medium sized Enterprise (SME) sector and assist women entrepreneurs. The loan is part of $265 million in funding the U.S. International Development Finance Corporation (DFC) is providing to Sri Lankan banks, including SDB Bank, DFCC […]
CSE implements new OTC Platform to conduct REPO Transactions on Debt Securities
The Colombo Stock Exchange (CSE) announces the introduction of a new Over the Counter (OTC) Platform to facilitate the Repurchase (REPO) Transactions on Corporate Debt Securities with effect from today (16th September 2021). The new OTC Platform is a significant step in the product expansion line-up of the CSE and is projected towards establishing a […]