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…
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…
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.…
Sri Lanka to Introduce a New education Policy
The government plans to introduce a new education system that will protect the dignity of labour and aimed at creating a skilled society in the new normal environment. President Gotabaya…
Vietnam and Sri Lanka Express Interest to pursue a Preferential Trade Agreement
During a farewell call on Foreign Minister Dinesh Gunawardena this week, the Ambassador of Viet Nam in Colombo, Pham ThiBich Ngoc endorsed that Sri Lanka and Vietnam have immense potential…
Sri Lanka’s President Confirms Adani Group’s Involvement in East Container Terminal
President Gotabaya Rajapaksa today assured representatives of Port Trade Unions that the East Container Terminal (ECT) of the Colombo Port will not be sold or leased. According to him, the…