Thu Apr 12 11:06:54 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
Those who eavesdrop to the chitchat among listed company directors and top officials at social gatherings and cocktails and trade at the Colombo bourse based on such information, could fall into trouble in future with the enactment of the new Securities and Exchange Commission (SEC) Bill. The new Bill, which is at least a decade or more overdue, has provisions to catch anyone that trades on unpubl...
Thu Apr 12 11:06:54 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
Headroom to tackle Sri Lanka’s worsening public debt situation appears to be disappearing as the government estimates a whopping US $ 15 billion in foreign debt service payment during the four years from 2019 to 2022.
Thu Apr 12 11:06:54 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
The Registrar of Companies yesterday launched the e-ROC digital platform, which would allow companies to be registered in Sri Lanka within one day going forward, compared to the previous nine days.
Thu Apr 12 11:06:54 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
The national carrier, SriLankan Airlines, which is running at massive losses, is hoping to return to profitability in three years according to the new director board, which was appointed this week following the resignation of the previous directors.
Thu Apr 12 11:06:54 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
The 25 basis point lending policy rate cut announced yesterday signals the Central Bank moving away from the tightening bias it had maintained for almost two years, Central Bank Governor Dr. Indrajit Coomaraswamy said.
Thu Apr 12 11:06:54 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
A group of high-profile investors based in Dubai met Development Strategies and International Trade Minister Malik Samarawickrama for a special roundtable investment forum organised by the ministry and Board of Investment. 
Thu Apr 12 11:06:54 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
AFP: International donors are set to pledge billions of dollars in aid and development loans for Lebanon at a conference in Paris yesterday, hoping to stave off an economic and humanitarian crisis.
Thu Apr 12 11:06:54 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
Aiming for quick wins to move up the 2019 Ease of Doing Business rankings of the World Bank, the Sri Lankan government will be introducing online property search and registration services for the city of Colombo, while other regions would be left waiting for another two years.
Thu Apr 12 11:06:54 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
Moody’s Investors Service yesterday said the new Inland Revenue Act (IR Act) developed to build weak state revenues would help to gradually bridge the massive hole in the fiscal account and reduce the external vulnerability marred by heavy public debt in the medium term. 
Thu Apr 12 11:06:54 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
CHEC Port City Colombo this week hosted its future utility partners, representatives from allied government agencies and prospective investors to an event themed ‘Roadmap to Prosperity’, held at The Kingsbury, to present the project’s Development Control Regulations (DCR).  
Thu Apr 05 04:34:24 EDT 2018 - tradingeconomics.com - Category : Business - Relavancy : 1.0
Lending Rate in Sri Lanka decreased to 8.50 in April from 8.75 in March of 2018. Lending Rate in Sri Lanka averaged 10.58 from 1999 until 2018, reaching an all time high of 23 in January of 2001 and a record low of 7.50 in April of 2015. In Sri Lanka, the lending rate refers to interest rate applicable on reverse repurchase transactions of the Central Bank with Commercial banks on an overnight ...
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Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
India’s Prime Minister Narendra Modi (R) shakes hands with  Sri  Lanka’s President Maithripala Sirisena as he arrives to attend the International Solar Alliance Founding Conference in New Delhi.
Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
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Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
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Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
The Sri Lankan government this week invited Japanese investors to set up export-oriented industries in the upcoming industrial zones and offered Japan the opportunity to develop its own industrial zone in Sri Lanka.
Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
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Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
Ministry of Development Strategies and International Trade organized a symposium on ‘Initiatives to improve the business climate in Sri Lanka’ at Hotel Taj Samudra yesterday. Minister of Development Strategies and International Trade Malik Samarawickrama and State Minister for National Policies and Economic Affairs Harsha de Silva also addressed the gathering. This was followed by the ...
Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
Asian investors remained on edge yesterday as the curtain came down on another volatile week for markets with fears of a global trade war playing off against a positive economic outlook.
Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
Japanese financial services major, ORIX Corporation, yesterday exited the Sri Lankan market with the sale of its 30 percent stake in Lanka ORIX Leasing Company PLC (LOLC) to the leasing company’s local promoter and its Deputy Chairman Ishara Nanayakkara, in a whopping Rs.12.8 billion deal.
Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
The Central Bank this week said they could be lenient on higher capital ratios under the new BASEL III rules but the banks need to convey by how much their profits and capital bases may get eroded from the new accounting standard on loan loss provisions. 
Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
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Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
The Coca-Cola Company President/CEO James Quincey who met Prime Minister Ranil Wickremesinghe during his maiden visit to Sri Lanka recently has made a US $ 50 million commitment to 
Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
The Sri Lankan government yesterday kept mum on the possible outcome of its failure to implement a cost-reflective energy pricing reform in the coming months as part of the US $ 1.5 billion balance of payments support programme with the International Monetary Fund (IMF).
Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
Dialog Axiata PLC in collaboration with Arimac Lanka (Pvt) Ltd, announced the introduction of an intelligent humanoidrobot, as a customer assistant at the Dialog Iconic flagship store.
Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
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Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
Sri Lanka cannot afford to deviate from the path it has embarked upon and ensuring political stability is of paramount importance to attain sustained economic growth for the country, according to Central Bank Governor Dr.Indrajit Coomraswamy.
Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
The Board of Investment held the “Investor Facilitation and Networking Event” at the Cinnamon Lakeside Hotel recently, to engage in a dialogue with investors who have re-invested in Sri Lanka.  
Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
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Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
A visiting delegation of German Industry and Commerce had a preliminary meeting with Development Strategies and International Trade Minister Malik Samarawickrama at the ministry yesterday, prior to the opening of the delegation office in Sri Lanka. German Ambassador Jorn Rohde also participated in the meeting.  
Fri Mar 30 16:31:56 EDT 2018 - dailymirror.lk - Category : Business - Relavancy : 1.0
SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance, reaffirming the global appeal and innovativeness of its marketing communication endeavors yet again, has won three awards at the recently held Golden City Gate Awards 2018 at ITB Berlin, the world’s largest tourism trade fair.  The 18th edition of the awards saw a jury of 40 members judging 157 ...