Sri Lanka – Korea Business Councill urges Tourism Authorities to target high spending South Korean Tourists
Sri Lanka – Korea Business Council (SLKBC) urges the Tourism Promotion Bureau to target South Korea’s outbound tourism market to attract high-spending tourists to the country. “The Per Capita income…
Access Engineering acquire a 50% stake in Lanka AAC Ltd for Rs 131 M
Access Engineering PLC (AEL) has invested Rs. 131 million to acquire a 50 percent stake in the light-weight brick manufacturer, Lanka AAC Ltd. “Access Engineering PLC announces that it has…
EU Urges Sri Lanka to Notify Imposed Import Restrictions Measures to WTO
The Europan Union (EU) has urged Sri Lanka to notify import restrictions measures imposed since April 2020 to the World Trade Organisation (WTO), while stressing the need for a level…
Renewables overtook fossil fuels in EU electricity mix in 2020
(Reuters) – Renewables overtook fossil fuels as the European Union’s main source of electricity for the first time in 2020 as new projects came online and coal-power shrank, a report…
Central Bank Bars Banks from entering into new forward FOREX contracts
Sri Lanka’s Central Bank (CB) yesterday barred banks from entering into new forward foreign exchange contracts for three months with immediate effect to contain excess volatility in the foreign exchange…
Sri Lanka emerging as a small, yet growing market for U.S consumer food products in South Asia
Sri Lanka which has the highest per-capita GDP in South Asia has emerged as a small, yet growing, consumer food products market for the exporters of the United States, according…
New SEC Act Likely to Be Enacted Within Next Two months
The Securities and Exchange Commission of Sri Lanka (SEC) expects the New SEC Act to be enacted within the first quarter of the year. ” The new SEC Act, which…
ADB Calls for Far-Reaching Reforms to Build Resilient Education Systems Amid COVID-19
Governments and stakeholders in Asia and the Pacific should initiate far-reaching reforms to strengthen the resilience of education and training systems as they deal with the coronavirus disease (COVID-19) pandemic,…
Licensed Banks to decide on cash dividend payments After Completing 2020 Financial Statements Audit
The Central Bank (CB) says that licensed banks could pay cash dividends and licensed foreign banks could repatriate profits following the completion of the audit of their financial statements for…
Hayleys Group and subsidiaries announce stock splits
Billionaire Dhammika Perera-controlled Hayleys Group and all its listed 13 subsidiaries announced stock splits today, subject to shareholders’ approval. Following the announcement, the trading was halted until 11.30 am today.…