Maldivian government is inviting Sri Lankan firms to invest in that country. This invitation was made when the Minister of Economic Development of Maldives Mahmood Razee was in Sri Lanka recently. He was in the country to attend the AGM of the Sri Lanka Maldives Bilateral Business Council of the Ceylon Chamber of Commerce. Razee addressing the members ...

Last week I had the privilege of delivering a keynote address at an annual sales and marketing conference of one of the largest multinational companies in the country, which recorded a turnover of around Rs. 65 billion and a contribution of 1.5% of GDP to Sri Lanka. The event gave me amazing insights that motivated ...

By Cassandra Mascarenhas For the first time in Sri Lanka, the US Embassy and Sri Lankan Government agencies collaborated to organize an event on biotechnology, based on the theme ‘From green revolution to gene revolution – are we on the right track?’ The two day event which commenced yesterday will feature a line-up of distinguished ...

President Rajapaksa has said that excess stocks of rice that are produced in Sri Lanka can be exported to African countries. He instructed officials to formulate the necessary programme in this respect. The President said that leaders of African countries had expressed their interest in purchasing rice from Sri Lanka when he met them during ...

The government is considering exporting rice to Africa despite facing a rice shortage in the country earlier this year. The President’s office said that African leaders had requested Sri Lanka to export rice to their countries. “Excess rice in Sri Lanka can be exported to African countries

COLOMBO, Sep 26 (Reuters) Sri Lanka's stock market narrowly edged up on Monday from a seven-week low, ending four straight falls as investors snapped up battered shares though a liquidity shortage and global worries cooled sentiments, dealers said.

By Cheranka Mendis Sri Lanka’s general education system needs to up their game before long if the country is to achieve the status of knowledge hub in the economic development plans to be laid out by the Government by 2015. The system, which runs on low investment and infrastructure, questionable quality teaching and varied issues ...

Reuters: Sri Lanka’s stock market narrowly edged up on Monday from a seven-week low, ending four straight falls as investors snapped up battered shares though a liquidity shortage and global worries cooled sentiments, dealers said. The island nation’s main share index closed 0.02

Reuters: Sri Lanka’s stock market fell for a third session to a more-than six-week low on Thursday, following Asian peers on a gloomy global economic outlook, a local liquidity shortage and forced selling to meet margin debt reductions. The island nation’s main share index closed 0.45

Buoyant on a lucrative trend, Sri Lankan rubber manufacturers have requested the Trade Ministry to double the cess on raw rubber exports, creating the stage for a clash with producers. Sri Lanka, the seventh largest natural rubber exporter in the world, has decided to increase taxes to reduce raw rubber exports, the Trade Ministry stated ...

Large parcels of The Finance Co. traded, foreign investors net buyers after 12 sessions The bourse continued its downward trend yesterday where broad levels of selling were displayed on stocks but foreign buying returned to after an absence of a dozen sessions. ASI decreased by 35.69 points (-0.52%YoY) to close at 6,792.88 where as sensitive ...

COLOMBO needs a new mayor. The contest to see who gets the coveted post has gathered the most amount of interest that the other 22 local government bodies together have not received. The stakes are high, especially for the United National Party (UNP) that has the last vestiges of its credibility riding on it. Policies ...

Retail selling push stocks near two-week lows Foreign investors net sellers of Rs. 339.9 m Rupee flat despite heavy importer dollar demand Reuters: Sri Lanka’s stock market fell near a two-week low on Tuesday on high turnover and volume as retail investors sold amid a credit shortage

Last week, media were abuzz with two reports on how undesired exchange rate movements could worry governments. One was a currency under pressure for appreciation in the market and the other was a currency moving in the opposite. Swiss Franc: One way Journey to Appreciation The first was the case of the Swiss Franc which ...

By Amantha Perera (IPS): As paddy cultivation revives in Sri Lanka’s former war zones, prospects for the island’s food security have improved dramatically. Experts say the extra capacity will not only make up for shortages of the country’s staple caused by the twin floods that hit the eastern and central regions this year, but actually ...

By Devin Jayasundera A top Finance Ministry official last week declared that the country’s import sector has bright opportunities on to the future in tandem with fast growing economy and per capita income of the people. Delivering the keynote address at the Ceylon Chamber Import Section Annual General Meeting the Ministry of Finance and Planning ...

Trade Minister Johnston Fernando says the imported cement stocks fromPakistanthat created much controversy were released by the Sri Lanka Standards Institution (SLSI) without consulting the Consumer Affairs Authority, Customs Department and distributing agents. Fernando has criticized the SLSI for not consulting authorities before approving the distribution of cement stocks. He has said the import...

2011/2014 batch of the Graduate Diploma in Purchasing and Supply Chain Management conducted by the Institute of Supply and Materials Management (ISMM) was inaugurated at the Ceylon Chamber of Commerce on 28 August 2011 in the presence of Director Training Dr. Kingsley Wickremasuriya, two of the vice Presidents of ISMM I.G.Perera and Anil Ponweera. According ...

Increased demand from a booming construction industry in post war Sri Lanka has resulted in a severe cement shortage in the country.

The Sri Lanka Standards Institution (SLSI) yesterday lifted the ban on the import of Lucky brand of cement following the Pakistan-based manufacturer’s factory getting a certification on quality from a London laboratory. The decision to lift the suspension imposed in June, was made at a meeting of the SLSI Council which includes representatives from the ...

Stock Broking firm Capital Alliance suggests that the 2.6 million tourist arrivals target isn’t a pipedream but achievable though it will be only by 2020, which is 4 years later than the Government and industry set timeline of 2016. “The Government projects 2.5m arrivals in 2016, but the industry will lack the rooms and trained ...

IRIN: Bumper paddy production in Sri Lanka’s former conflict areas has averted an expected national rice shortage, experts say. Twin floods in January and February inundated more than 200,000 hectares of paddy land in the eastern and central regions of the island nation, destroying

  Fruits & Vegetables Transportation Transportation of fruits and vegetables by crates has been mandated to be effective from Thursday to minimize post harvest losses, an official told this reporter. Dr. D. B. T. Wijeratne, Agriculture Ministry Enterprise Development Director said that the necessary regulations in this regard have had already been passed. It will ...

By Uditha Jayasinghe Around one million 50-kilo bags of cement need to be imported urgently to offset the current shortage say industry experts warning that scarcity and increase in price would hit Sri Lanka’s Rs.250 billion Construction Sector hard. Ceylon Institute of Builders (CIOB

The official handover of the Vision Centre in Kadawatha by the International Centre for Eye care Education (ICEE) to Lions Golden Jubilee Trust for Healthcare and Skills Development took place recently. The event commemorated ICEE’s successful involvement and collaboration with Lions since 2009. Since the Vision Centre’s establishment, it has successfully promoted eye care services ...

By Amantha Perera VAVUNIYA,(IRIN): As thousands of students begin uninterrupted schooling after a lapse of years, education officials in Sri Lanka’s former northern conflict zone are facing a shortage of teachers. John Edward Solemn, assistant education director of Vavuniya South

United National Party Parliamentarian Kabir Hashim who once served as a mediator between the two fractions now says it is the responsibility of the three leaders to take the party cadre out of the mess they themselves created. Hashim asserts that leaders should be able to resolve the leadership crisis amongst themselves without pushing the ...

VAVUNIYA , 16 August 2011 ( IRIN ) - As thousands of students begin uninterrupted schooling after a lapse of years, education officials in Sri Lanka's former northern conflict zone are facing a shortage of teachers.

Sri Lanka’s cement industry, trade, standard and import inspection schemeOrdinary Portland Cement (OPC), commonly known as cement, is once again dominates headlines of the Sri Lankan print and electronic media due to its preserved or real temporary shortage of supply in the domestic market

A queue of a different type Last Sunday when the sun was shining hot and bright in the western sky, thousands of youth — almost all were boys — had assembled themselves with backpacks still hanging on their backs, along the wrought iron fence of a park in Colombo ready for an overnight stay there. ...