Shopper sentiment improves on retail growth in Sri Lanka: OBG
Feb 28, 2017 (LBO) - Greater consumer confidence could bring about higher returns from Sri Lanka’s retail sector, though the possibility of a further …
Trade
C W Mackie expands ’Sunquick’ brand with Danish joint venture
Feb 27, 2017 (LBO) – Sri Lanka’s CW Mackie has entered into a joint venture agreement with their Danish counterpart to expand the ’Sunquick' brand, the …
Sri Lanka sets up WTO backed mechanism for export compliance
(PRESS RELEASE) - Recording a pioneering initiative in Sri Lanka’s exports history, the country is moving to set up the first ever national level mechanism …
Sri Lanka-Singapore FTA to be finalised in 2017: Singapore PM
Feb 20, 2017 (LBO) - The Free Trade Agreement (SLSFTA) between Sri Lanka and Singapore will hopefully be finalised this year, Singapore Prime Minister Lee …
Maximum retail price for rice comes into force
Feb 09, 2017 (LBO) – Sri Lanka’s Consumer Affairs Authority has issued maximum retail prices for three varieties of rice while the minister in charge …
Sri Lanka-India FTA to aid ongoing development: High Commissioner
Feb 06, 2017 (LBO) - The India-Sri Lanka free trade agreement would benefit future development activities in the island while drawing attention to further …
Sri Lanka’s Cargills net up 38-pct in Dec with improved margins
Feb 03, 2017 (LBO) – Profits at Sri Lanka’s Cargills group, with interests in retailing and fast moving consumer goods, rose 38 percent to 637 million …
Sri Lank plans annual shopping festival for foreign, local shoppers
Feb 03, 2016 (LBO) - Sri Lanka plans to commence an annual shopping festival with the participation of the Sri Lanka Retailers' Association targeting both …
EU requests transparent tender procedures in Sri Lanka
Feb 02, 2017 (LBO) - A European Union delegation has called for transparent tender procedures to ensure that companies from the EU can also bid for Sri Lankan …
Global trade, China, RCEP took centre stage in Davos
Jan 31, 2016 (LBO) - Global trade took centre stage at the World Economic Forum meetings in Davos recently with signs of a new leader in town, despite U.S. …
Sri Lanka adds more investigation officers for price controls
Jan 23, 2017 (LBO) – Sri Lanka is enforcing new protection measures from 21st January to safeguard consumers from errant traders who violate price controls …
Sri Lankan exporters face critical barriers at own border: Nishan de Mel
Jan 19, 2017 (LBO) – Sri Lankan exporters face some critical problems at the border of their own country than in the borders of other countries, a top …
Sri Lanka, Thailand FTA feasibility to conclude by August
Jan 18, 2017 (LBO) - Sri Lanka is looking at purchasing sugar from Thailand, while the feasibility study for the Free Trade Agreement with Thailand is set to …
APTA countries agree to widening tariff concessions by mid 2017
Jan 17, 2017 (LBO) – Sri Lanka along with other members of Asia Pacific Trade Agreement (APTA) last week agreed to sign the protocol to conclude the 4th …
Trade deficit narrows in Sept, cumulative exports down 3pct
Jan 13, 2017 (LBO) - Sri Lanka’s trade deficit narrowed in September 2016 with an increase in export earnings for the second consecutive month, together with …
European Commission proposes restoring Sri Lanka’s GSP+
Jan 11, 2017 (LBO) - The European Commission said it proposed to the European Union to remove significant import duties on Sri Lankan products, to restore GSP …
Microsoft Office 365 to include Bitcoin currency support
Jan 09, 2017 (LBO) – Microsoft has included controversial Bitcoin currency support for Excel spreadsheet package for their 2017 rollout plan for Office 365, …
Sri Lankan businessman will be first to invest in Hambantota zone: PM
Jan 09, 2017 (LBO) – A Sri Lankan investor will be the first businessman investing in the proposed Hambantota economic zone, Prime Minister Ranil …
Sri Lanka to receive GSP+ concession next week: President
Jan 09, 2017 (LBO) - President Maithripala Sirisena says he has received information that Sri Lanka will receive the GSP+ trade concession next week, marking a …
Hambantota port proceeds to be used to pay-off higher interest loans: Ravi
Jan 05, 2017 (LBO) – Sri Lanka’s government is planning to use Hambantota port proceeds to pay off higher interest loans which have already been taken, …