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LANKA TARGETS US$ 1 B IN GEM, JEWELLERY EXPORTS - Kabir ...


By Ishara Gamage Ceylon Finance Today – Sri Lanka is now planning to increase its revenue from gem and jewellery exports from the cu...

Governments and non-profits are muscling in on turf previous reserved for millionaires. Private islands from the Shetlands to the Seychelles are being bought by conservationists eager to protect isolated chunks of nature. In America's north-east, off the coast of Maine, non-profits own 65 islands that nurture seabirds and seals. The unspoiled sands of the Discovery Islands, 150 miles west of Abu Dhabi, were slated for development until intervention by the United Arab Emirates government. ...

Lankem Ceylon PLC (Paints) manufacturers and marketers of Robbialac Paints was recently appreciated for painting the entire Dalada Maligawa complex in Kandy for the eleventh consecutive year.The ceremony was held at the Presidents' House in Kandy to appreciate the efforts of everyone who contributed to the success of the Kandy Esala Perahera.This 'Varna Pooja' has now become a tradition and part of the many rituals of the Dalada Maligawa prior to the commencement of the annual Esala Pereh...

LAUGFS recently announced the appointment of LAUGFS Leisure Ltd's new Chief Executive Officer, Roshan Perera with effect from 24 August 2015. Roshan comes with over 25 years of extensive experience in the Leisure Sector, having also served at several international and local hotel chains.A SLIM-BUCKS Alumni, Roshan is also an Associate of the Cornell Hotel Society (USA) and the Ceylon Hotel School Graduates Association (Sri Lanka). He is also a Fellow of The Institute of Hospitality (UK) a...

The Sri Lanka Institute of Marketing (SLIM) has outlined plans to develop its educational programmes and produce marketers who will be geared to meet the requirements of a globalized industry. The Institute aims to enhance the quality of marketing education by strengthening relationships with educational institutes in Sri Lanka and ensuring international standards are maintained in the delivery of marketing education.SLIM arrived at these and several other important decisions during th...

United Arab Emirates, Dubai – 2 September, 2015 – Emirates launched its 10th destination in the United States with the start of daily nonstop passenger service between Dubai and Orlando International Airport on 1 September. A VIP delegation and a contingent of international media were aboard the inaugural flight, which carried passengers from 29 different countries to Orlando."Our new daily service will enable Emirates to grow alongside Orlando, one of the world's premier leis...

Fitch Ratings has maintained the '(A(lka))' National Fund Credit Quality Rating of the Ceylon Income Fund on Rating Watch Negative. The National Fund Volatility Rating is 'V-NR'. KEY RATING DRIVERS The maintenance of the RWN is driven by an increase in the proportion of the fund rated only by Lanka Rating Agency (LRA) following redemption activity in the fund. The Securities and Exchange Commission of Sri Lanka issued a statement in July 2015 saying that LRA is not entitled to asses...

Taking yet another important stride towards enabling faster and reliable real-time electronic payment, LOLC Finance PLCis now connected to the Common Electronic Fund Transfer Switch (CEFTS), creating a superior level of convenience to its customers. LOLC Finance becomes one of the first Non-Banking Financial Institutions to register with this system.CEFTS is a cost effective, convenient, integrated electronic payment gateway operated by LankaClear (Pvt) Ltd with the guidance of the Centra...

By Paneetha Ameresekere Ceylon Finance Today: The Central Bank (CB), as if it listened to yesterday's Ceylon FT, depreciated the exchange rate (ER) by 25 Sri Lanka cents (SLc) to Rs 134.75 to the US dollar in interbank spot trading amidst continual demand for the greenback, market sources told Ceylon FT. Yesterday, this newspaper ran an article under the heading 'CB protects ER at Rs 134.50 amidst depreciating pressure' with a strapline saying, 'Matter of time before rupee is downe...

By Paneetha Ameresekere Ceylon Finance Today: The announcement in Parliament yesterday about the formation of a national government by the two major parties, the SLFP and the UNP for the first time getting together, was no salve to the bourse, making its fourth lowest share volume (SV) in the calendar year to date. The stock market on a 13.06 million SV and on a nominal Rs 566.69 million turnover, saw the benchmark ASPI making a pyrrhic gain of 0.07% to 7,245.50 points, while the mo...

Minister of Industry and Commerce Rishad Bathiudeen said yesterday that Sri Lanka's gem exports have surged by 135% and that the promising international mid range gem market can help the country's gem sector to next levels.As Sri Lanka aims at a one billion dollar gem export target, its gem export values have already been surging by a whopping 135%-and the promising international mid-range gem market can help push the country's gem sector to its next levels, he told the FACETS ...

By Ishara Gamage Ceylon Finance Today: The government is planning to re-submit long delayed amendments to the Finance Act and Inland Revenue...

Ceylon FT

Ceylon Finance Today – Sri Lanka is now planning to increase its revenue from gem and jewellery exports from the current US$ 300 - 400 Million to a Billion
Governments and non-profits are muscling in on turf previous reserved for millionaires. Private islands from the Shetlands to the Seychelles are being bought by
Lankem Ceylon PLC (Paints) manufacturers and marketers of Robbialac Paints was recently appreciated for painting the entire Dalada Maligawa complex in Kandy for
LAUGFS recently announced the appointment of LAUGFS Leisure Ltd's new Chief Executive Officer, Roshan Perera with effect from 24 August 2015. Roshan comes with

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Subeida Bhai is 87-years-old now. Still she has managed to retain the beauty she had as a 21-year-old lass. She laughed aloud showing us her betel-stained teeth,
Still we do not have a clear pronouncement of intended policy programmes or work programmes which are to be implemented by the new National-Unity-Government (NUG).
We Sri Lankans have proved to the rest of the world that unity, harmony and togetherness can achieve the most difficult task. The time-consuming operation of great
Campaign for Free and Fair Election (CaFFE) believes that Sri Lanka can't become a nation which follows the rule of law until the Prevention of Terrorism Act (PTA)