As the latest data showed a three-fold total trade jump with Bangladesh (including a three-fold rise in exports!) Sri Lanka's high-level talks with Bangladesh for even bigger trade and investments are now slated for next month in Dhaka. "Bilateral trade between the two countries tripled since 2010 but there are…
Colombo. Wednesday 14th June 2017. Stax Inc., a global strategy consulting firm, will host a week-long roadshow for corporates looking to explore emerging markets in areas like East Africa and the Mekong Valley. During the first week of July, experts will share key learnings and success stories from entering developing…
Colombo, June 14, 2017 – The High Commission of Canada, as Patron of the Sri Lanka Canada Business Council (SLCBC), hosted the 26th Annual General Meeting (AGM) of the SLCBC on 13 June 2017. A key stakeholder in strengthening the existing bilateral relations between Sri Lanka and Canada, the SLCBC…
Lanka Sathosa network is growing from strength to strength and no plans to privatise it. "Lanka Sathosa expansion program is to strengthen our largest state owned supermarket system and not to privatise it" said Minister of Industry and Commerce Rishad Bathiudeen on 10 June in Kattankudi, Batticaloa. Minister Bathiudeen was…
For hundreds of years the Gem and Jewelry Industry of Sri Lanka has played a vital role in the country’s cultural, social and economical development. Growing from strength to strength the industry presents tremendous opportunities of investment and value addition as explained by the experts.   The value of gems…
Sri Lanka and Thailand has come to a consensus on a Trade in Goods FTA as the first step before a comprehensive FTA that follows.Thailand has proposed an MOU on Strategic Economic Partnership (SEP) with Sri Lanka as a stepping stone, on June 2 in Bangkok. The latest breakthrough in…
The loan has been taken by Sri Lanka to improve its railway communication and signal system. India has approved a US $318 million loan for Sri Lanka Railways to upgrade its communication system and rolling stock in the north of Sri Lanka. Sri Lankan government spokesman and minister Gayantha Karunathilake…
With the ongoing crisis in Qatar and the Gulf Region as a country how Sri Lanka should react to such a situations is vital. A continuous monitoring of the situation is essential from the government and the responsible authorities in order to safe guard the relationship between the two countries…
Ongoing economic reforms in Sri Lanka have excited Indian corporate investors, amongst them India's biggest player in their domestic LNG gas sector who is bidding to enter the Lankan market to supply the new, green LNG -and also to revolutionise the present LNG supply system here as well. "Ongoing economic…

CAA to call rice details of 99 importers

Saturday, 03 June 2017 14:23
CAA should take legal action against errant millers who hoard paddy stocks. CAA should also raid sellers who sell imported rice claiming to be locally produced, was the consensus that emerged at the Cost of Living Committee discussions of 25 May. Accordingly, Minister of Industry and Commerce Rishad Bathiudeen has…