Thursday, 2nd July 2015

Business Editor: 0094 11 242 9221 / E mail: business@dailynews.lk

Business

Sri Lanka Export Development Board (EDB) Chairman and CEO Bandula Egodage said Sri Lanka should strive to reach the US$ 50 billion export revenue target by 2050. Egodage said Sri Lanka’s total merchandise exports are also expected to reach US$ 12.5 billion revenue target by the end of 2015. He said the mission of EDB is to enhance global competitiveness, maximize export earnings and achieve national economic goals. Export Development Board Chairman and CEO Bandula Egodage told Daily News business that the new government is pushing towards a target of US$ 50 billion in 2050. We’re currently in...
The Securities and Exchange Commission of Sri Lanka (SEC), said the registration of Lanka Rating Agency Limited (LRA) as a Market Intermediary under the category of 'Credit Rating Agency' has lapsed on June 30,2015. Pursuant to the lapse of its registration, with effect from July 1, 2015, LRA is not entitled in law, to carry on business as a Credit Rating Agency nor review ratings; i.e. LRA is not entitled to carry on the business of assessing and evaluating or reviewing the credit-worthiness of any issue of listed securities or securities to be listed with regard to the issuers' ability to...
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