Category: Economy and Markets
National Export Strategy: Sri Lanka targets USD28Bn in exports by 2022
Jul 20, 2018 (LBO) – Sri Lanka’s government unveiling the ‘National Export Strategy (2018-2022)’ in Colombo yesterday said it plans to increase the capacity of the local export sector while also improving trade performance and competitiveness. The five-year plan will help to make Sri Lanka a major regional export hub with the launch of this […]
Sri Lanka Trade Information Portal to be unveiled tomorrow
July 19, 2018 (LBO) – Sri Lanka will unveil one of the biggest initiatives in its international trade history when the Department of Commerce launches the World Bank supported Sri Lanka Trade Information Portal (SLTIP) on Friday in Colombo. World Bank supported Trade Information Portals (TIP) across the world provide information that traders need to […]
Anantaya Resorts and Spas receive TripAdvisor certificates of excellence 2018
Reaffirming its efforts toprovide an exceptional guest experience, Anantaya Resorts and Spas recently received the ‘Certificate of Excellence 2018’ from TripAdvisor.Offering a luxury experience amidst tranquil settings, the Anantaya Resorts in Pasikudah and Chilaw have consistently earned positive reviews from both local and international travellers. Commenting on the certificate received, LAUGFS Leisure Director/Chief Executive Officer, […]
AMCHAM presents insights on FDI and U.S. investor perspectives in Sri Lanka
Jul 18, 2018 (LBO) – In order to facilitate continued investment within Sri Lanka it is important to have clarity on the FDI landscape, and identify potential barriers as well as possible solutions, the American Chamber of Commerce (AMCHAM) in Sri Lanka said. The Chamber releasing a statement said that these are the key objectives addressed […]
Global businesses turn to Oracle blockchain service to speed transactions securely
Arab Jordan Investment Bank, CargoSmart, and Intelipost are among early adopters of enterprise-class distributed ledger service July 16, 2018 (media release) – Businesses around the world have been deploying an early adopter version of Oracle Blockchain Cloud Service, which becomes generally available today. The service allows organizations to easily build blockchain networks to drive more secure […]
Virtusa’s Kris Canekeratne selected as EY Entrepreneur of the year 2018
Jul 18, 2018 (LBO) – Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT outsourcing services announced that its Chairman and CEO, Kris Canekeratne, is a winner of the EY Entrepreneur of The Year® 2018 Award in the New England region for the Business Process Outsourcing category. The awards program took place on June 28, […]
‘s growth
By Dr. Ganeshan Wignarajah Fixing Sri Lanka’s Labour Market: Comparative Lessons July 17, 2018 (LBO) – The recently published ‘Sri Lanka Development Update 2018’1 by the World Bank focuses on creating more and better jobs for an upper middle-income Sri Lanka. It usefully analyses the state of Sri Lanka’s labour market and identifies challenges to […]
Altair takes top honours at 2018 PropertyGuru awards in Colombo
Altair won four top awards at the 2018 PropertyGuru Asia Property Awards in Colombo, taking the major honours at this prestigious event held for the first time in Sri Lanka to recognise leading players in the country’s real estate sector.The iconic twin tower luxury residential development was presented with the Overall Award for ‘Best Condominium […]
Comm Bank introduces Flash – Sri Lanka’s first fully-fledged Digital Bank Account
The Commercial Bank of Ceylonhaslaunched Sri Lanka’s first fully-fledged DigitalBankAccountdesigned to be the next evolution in digital financial services and financial wellness. Branded ‘Flash,’ the product was developed in partnership with the Singapore-based company ‘Kashmi’ that introduced aninnovative social paymentsapp in Singapore in 2016. The Bank said the Flash Digital Bank Account hopes to bring […]
Mastercard Offers Greater Value for Premium Cardholders in Sri Lanka
Mastercard unveiled an enhanced suite of benefits and privileges exclusively for World and Platinum Mastercard consumer credit cardholders in Sri Lanka.Based on the company’s experiences from around the world as well as its understanding of the local market, the benefits program has been realigned with the evolving lifestyles and spending priorities of the growing number […]
Colombo stocks pop, led higher by John Keells Holdings (JKH)
July 17, 2018 (LBO) – The Colombo Stock Exchange finished markedly higher in one of the strongest days in weeks. The ASPI finished up .8% and the S&P SL 20 finished up 1.27% on the session. Turnover was still light at Rs454mn (US$2.8mn), while foreign selling more or less equaled foreign buying at just over […]
US Trade Court nullifies tax on Sri Lanka rubber tyre imports in historic judgement
July 17, 2018 (LBO) – Sri Lanka has won the first ever revocation of countervailing duty imposed in US for a Lankan export with the removal of duties on the import of off-the-road (OTR) rubber tyres from Sri Lanka to the United States, Ministry of Industry & Commerce said in a statement. The statement is […]