Sri Lanka can use Malta as a point of entry to EU: Cutajar

Malta which is a Euro-zone country is advising Sri Lankan businesses to use Malta’s well trained workforce and its low labor cost to enter the European Union market.
Malta says Sri Lankan industries can establish manufacturing plants in the Eurozone country which is also regarded as a manufacturing hub for the rest of Europe.
This invitation was [...]

Sri Lanka face a shortage of “Cinnamon peelers”

Sri Lanka which is one of the world’s biggest Cinnamon exporters is struggling with a huge shortage of ‘Cinnamon Peelers’, complained the industry representatives.
According to them the Cinnamon Industry is facing a shortage of nearly 10,000 peelers thus putting pressure on the industry’s cost structure.
Industry representatives who held a meeting with the Minister of Industry [...]

People’s Merchant Finance sold by Merchant Bank

People’s Merchant Bank PLC today announced that it has sold the 99.9% of the stake it held in the People’s Merchant Finance Company Limited to the Capital Alliance Holdings Limited.
In a stock market filing the Bank said, the buyer paid a sum of Rs. 430 million according to the share purchase agreement entered between the [...]

Dilshan to lead the Lankans in tomorrow’s game

The newly appointed Sri Lanka Skipper T.M. Dilshan has joined the national squad in England and is expected to lead the side in the first practice game of the tour which will commence tomorrow at Uxbridge against the Middlesex.
Media Manager of Sri Lanka Cricket Brian Thomas said, “Dilshan is currently with the team”.

Dilshan until two [...]

‘Ozone friendly tea’ to help Ceylon Tea consolidate its position

John Keells Tea Brokers says the recent launch of  Ozone friendly Ceylon tea logo and the Ceylon tea name along with other value additions will help Sri Lankan tea consolidate its position in the international market.
The tea broker points out that the introduction of agro-climatic regional names and logos as certification marks under geographical indicators [...]

Two Finance firms given approval to get a listing

The Colombo Stock Exchange has given another two finance firms the approval to get listed in the bourse.
AMW Capital Leasing Limited and the Multi Finance Company Limited are two of those companies.
Both firms will be listed by way of an introduction.
AMW Capital Leasing will list 20 million Ordinary Voting Shares on the Diri Savi Board [...]