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‘s Foreign Minister
(PRESS RELEASE) – From 19-21 July, Jeffrey Feltman, Under Secretary-General for Political Affairs, will travel to Sri Lanka to follow-up on his 2015 visit, to take stock of progress in the country and engage national stakeholders on the peace building process. During his visit, USG Feltman will meet with government officials and leadership of the Tamil […]
‘s sharing economy is on the rise
July 19, 2017 (LBO) – More than 500 billion dollars worth of transactions were carried out in China’s sharing economy last year, which could grow to 10 percent of China’s GDP by 2020, according to a report from the country’s State Information Center. “The sharing economy is only as strong as it is in China […]
‘s Foreign Minister
July 19, 2017 (LBO) – The proposed Sri Lanka-Singapore Free Trade Agreement will serve as Sri Lanka’s gateway to Southeast Asia, while Sri Lanka will be Singapore’s gateway in the Indian Ocean, Singapore’s Foreign Minister said in Colombo, Tuesday. Vivian Balakrishnan said it is incumbent on both governments to create a conducive climate for businesses […]
Dumindra Ratnayaka appointed chairman of BOI: Reports
July 18, 2017 (LBO) – Dumindra Ratnayaka has been appointed as the chairman of the Board of Investment (BOI) of Sri Lanka, media reports said. He is the only member from the previous board that has been reappointed to the new board. Others in the previous board were Upul Jayasuriya, Buddhi Keerthi Athauda, Manoj Cooray […]
Australian Foreign Minister Julie Bishop to visit Sri Lanka
The Minister for Foreign Affairs of Australia Julie Bishop will undertake an official visit to Sri Lanka from 19-20 July 2017. Foreign Minister Julie Bishop will meet Foreign Minister Ravi Karunanayake on Wednesday 19 July 2017 evening for bilateral talks at the Ministry of Foreign Affairs, that would be followed by Statements to the Media. […]
Sri Lanka stock market records 8-pct gain in 1H
July 18, 2017 (LBO) – The benchmark All Share Price Index of the Colombo Stock Exchange (CSE) recorded an 8.23 percent gain year-to-date, a noteworthy turnaround in the first half of this year, having started the year on the back of a slow-moving 2016. The S&P SL 20 index, which features the CSE’s 20 largest […]
Sri Lanka and Bangladesh envisage JVs in various fields
By P.K. Balachandran Sri Lanka and Bangladesh are envisaging the setting up of Joint Ventures between the private and public sector entities of the two countries in a wide variety of fields including apparels and pharmaceuticals according to a joint statement issued by the two countries at the end of the three day visit of […]
Singapore Foreign Minister Dr. Vivian Balakrishnan to visit Sri Lanka
The Minister for Foreign Affairs of Singapore Dr. Vivian Balakrishnan will undertake an official visit to Sri Lanka from 17-21 July 2017. Minister Balakrishnan is expected to call on President Maithripala Sirisena, Prime Minister Ranil Wickremesinghe and Leader of the Opposition R. Sampanthan during his visit. The Foreign Minister will meet Foreign Affairs Minister Ravi […]
IMF completes second review, to disburse USD167.2 mln
July 18, 2017 (LBO) – The Executive Board of the International Monetary Fund (IMF) has completed the second review of Sri Lanka’s economic performance under the program supported by a three-year Extended Fund Facility (EFF) arrangement, a statement said. “Completion of the review enables the disbursement of the equivalent of SDR 119. 894 million (about […]
New revenue Bill should be implemented from April 2018: Ceylon Chamber
July 17, 2017 (LBO) – Ceylon Chamber of Commerce says it is their view that the new Inland Revenue Bill, once enacted, should ideally be implemented from 1st April 2018. The chamber says it will give a longer transitional period for both the tax payer and the Department of Inland Revenue to become fully conversant […]
GAAM: ASPI up 0.4 pct for week, foreign inflow Rs760 mln
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/07/Weekly-Report-GAAM-14-07-2017.pdf” title=”Weekly Report GAAM 14 07 2017″]
Hayleys Advantis to expand Maldives operations with two landing craft
Press Release: Hayleys Advantis has further solidified its position in the Maldives with the addition of two new landing craft that will further expand the range of services offered by their subsidiary, Total Transport Solutions Maldives (Pvt) Limited (TTS). These landing craft will allow TTS to actively participate in discharging cargo midstream and make deliveries […]