LKI Appoints Law of the Sea Expert, Natalie Klein as Non-resident Fellow
The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI), Sri Lanka’s leading foreign policy think tank, has appointed Professor Natalie Klein, an expert on the law of...
View ArticleHayleys tea harvesters win 1st, 2nd and 3rd place at national tea plucking...
• Winner of Best Tea Plucker competition treated to an all-expenses-paid trip to Singapore • Cash prizes awarded to 1st and 2nd runners up • Plans to carry forward competition at a company level moving...
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Helicopter tour for Mobitel 4G Customers
Sri Lanka’s national mobile services provider, Mobitel, embarked on its exciting 4G Nation campaign to promote 4G in the outskirts of Colombo and in rural areas. Mobitel is setting up more towers in...
View ArticleAfghanistan opens $3T vast oil, gas, and mineral deposits to Sri Lanka
Afghanistan which packs over US $ 3 trillion in identified natural resources has issued an open call to Sri Lankan business sector to visit them, prospect and reap benefits. “I found out that Sri...
View ArticleSusantha Ratnayake retires from CTC Board
Ceylon Tobacco Company PLC (CTC) announced today that Mr. Susantha Ratnayake who served as the Chairman of the Board of Directors of the Company retired from the position with effect from 31 July 2018,...
View ArticleSri Lanka raises vehicle import tax to boost revenue, help rupee
Reuters – Sri Lanka has raised import duties on small hybrid cars by more than 50 percent, the government said on Wednesday, aiming to boost state revenue and curb a sharp fall in the rupee currency....
View ArticleSri Lankan shares hit near 3-week closing low on foreign selling
Reuters – Sri Lankan shares ended weaker on Wednesday, hovering at their lowest close in three weeks, as foreign investors offloaded blue-chip stocks such as John Keells Holdings Plc, while lacklustre...
View ArticleIndia’s Cairn Drilled Two Oil Wells could collectively generate 2.6 GW Power...
Now Indian billionaire Anil Agarwal controlled Vedanta group owned Cairn India drilled two oil wells that had been identified to holding over several billions of cubic feet of Natural Gas could...
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Daraz Fashion Week – Sri Lanka’s first online shoppable fashion week
~ Featuring the latest collections from the trendiest brands Sri Lanka’s first ever online fashion week by Daraz.lk is mere days away and the excitement has reached fever pitch. What could be more...
View ArticleRuvini Fernando and Dushni Weerakoon join the Cargills Bank Board
Cargills Bank Limited recently announced the appointment of Mrs. Ruvini Fernando and Dr. Dushni Weerakoon as Independent Non- Executive Directors to its Board of Directors with effect from 1st August...
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Hospital Street comes alive with Fairway Colombo Cultural Show
The Fairway Colombo Cultural Show turned out to be yet another whopping success as it attracted many locals and foreigners alike who were entertained by a series of vibrant and colourful cultural...
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Creamy, delicious and rich in calcium, NESTLÉ a+™ full cream UHT milk enters...
~ Made from high quality fresh milk collected from ~20,000 Sri Lankan farmers, to cater to growing demand for liquid milk Consumers are in for a treat with the all-new NESTLÉ a+ full cream UHT milk....
View ArticleSri Lankan shares edge up as investors buy blue-chip stocks
Reuters – Sri Lankan shares ended marginally firmer on Thursday, pulling away from their lowest close in three weeks hit on Monday, as investors picked up battered blue-chip shares, brokers said. The...
View ArticleCB maintains policy interest rates at current levels
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 02 August 2018, decided to maintain policy interest rates at their current levels. Accordingly, the Standing Deposit Facility...
View ArticleSL finance company exposed in NZ visa scam
The New Zealand immigration office in Mumbai that handles Sri Lankan applications received a tip off at the start of the year. Inquiries led officials to conclude a Sri Lankan based finance company was...
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CPSTL clarifies stand with Fuel Bowser Owners
Ceylon Petroleum Storage Terminals Limited (CPSTL) strongly condemns the action of the Ceylon Petroleum Bowser Owners Association, which recently threatened to disrupt island-wide transportation of...
View ArticleSri Lanka to issue ‘Panda bonds’ in China
Sri Lanka is working towards the issuance of ‘Panda bonds’ – foreign issuers’ paper sold in the Chinese domestic interbank bond market, according to Central Bank Governor, Dr. Indrajit Coomaraswamy....
View ArticleFintek acquires Brown’s IBS
Fintek Managed Solutions (Pvt) Limited has announced its acquisition of the Integrated Business Solutions (IBS) unit of Brown and Company PLC. With this acquisition Fintek consolidates its role as the...
View ArticleEdible oil traders use free-trade pact to get around India’s import tax hike
Reuters – Edible oil traders are sourcing exports of palm oil and other cooking oils to India from neighbouring countries, designating the supplies as duty-free under a regional free-trade pact and...
View ArticleCPC imported 508,000 litres of Glyphosate in 2015 for over Rs. 24 Mn –...
Glyphosate ban impacted 60% of Agrochemical sale volumes of CPC The country’s state owned fuel utility, country’s largest importer Ceylon Petroleum Corporation’s (CPC’s) has imported 508,000 litres of...
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