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A Coalition of Stakeholders urged to contribute to Gender Diversity Initiatives – SEC Chairman, Ranel T. Wijesinha

Against the backdrop of the 7th March 2019 CSE event “RING THE BELL FOR GENDER EQUALITY” to commemorate International Women’s Day (on 8th March), Ranel Wijesinha, Chairman of the Securities and Exchange Commission of Sri Lanka (SEC), shared the following, on the role that the SEC Sri Lanka has played and will play, to encourage…

(0)Comments | March 26, 2019 3:07 pm

CSE Chairman headlines the Maldivian ‘GOLD 100’ Business Awards

The 3rd Edition of the Maldivian ‘GOLD 100’ Business Awards was recently held at Paradise Island Resort, with the Chairman of the Colombo Stock Exchange (CSE) Mr. Ray Abeywardena gracing the occasion as the Chief Guest of the event. The GOLD 100 GALA is an invitation-only networking event and was attended by over 200 leading…

(0)Comments | March 26, 2019 11:15 am

Sri Lanka shares extend losses; rupee weakens

Reuters – Sri Lankan shares ended lower for a sixth straight session on Monday, posting their lowest close in more than six years, dragged down by diversified shares such as conglomerate John Keells Holdings Plc. ** The market awaits cues from the third and final vote on the 2019 budget scheduled for April 5, market…

(0)Comments | March 26, 2019 10:08 am

SriLankan’s London-Colombo flight diverted due to passenger’s medical emergency

SriLankan Airlines flight UL504 from London to Colombo on 24th/25th March was diverted to Bucharest, Romania, due to a passenger’s medical emergency. In keeping with SriLankan’s corporate policy of placing the safety of every single passenger above all else, the captain took the decision to divert to the nearest airport and alerted airport authorities at…

(0)Comments | March 25, 2019 4:46 pm

CB Opens a Counter to Issue Coins to the General Public

The Central Bank of Sri Lanka will open a Counter at the ground floor of the Central Bank Head Office Building, No.30, Janadhipathi Mawatha, Colombo 01 on 27 March 2019, to issue coins to the general public. This counter will be opened for the public from 9.00 a.m. to 11.00 a.m. on every Wednesday and…

(0)Comments | March 25, 2019 4:45 pm

Ceylon Chamber opens market at CSE to Celebrate 180 years

A special market opening ceremony was held at the Colombo Stock Exchange (CSE) today in recognition of the Ceylon Chamber of Commerce cerebrating 180 years. The Ceylon Chamber of Commerce (CCC) was founded on 25 March 1839, for the purpose of best promoting the interests of commerce. This was among the very first group of…

(0)Comments | March 25, 2019 4:24 pm

Growth in Sri Lankan Motor Premiums to Slow on Vehicle Taxes

The increase in taxes on imported vehicles in Sri Lanka is likely to cause the growth in motor insurance policy premiums to slow in the near term, says Fitch Ratings. The government’s 2019 budget presented in March increased excise duties on imports of fuel-powered and hybrid passenger-motor vehicles based on their engine capacities. The government…

(0)Comments | March 25, 2019 2:01 pm

2019 National Budget Recognizes the Growth Potential of the Knowledge Solutions Industry

The Sri Lankan Association of Software and Services Companies (SLASSCOM) is pleased to see several concessions proposed in the 2019 National Budget to accelerate the revenue growth and increase capacity within the knowledge solutions industry. The IT/BPM industry is recognized as a thrust industry within the National Export Strategy (NES) and is promoted globally as…

(0)Comments | March 25, 2019 1:24 pm

Oman oil minister excited to be part of Sri Lanka oil refinery project

HAMBANTOTA, Sri Lanka (Reuters) – Oman’s oil minister said on Sunday he was excited to be part of a Sri Lanka oil refinery project in a sign that plans for the sultanate’s involvement may be back on track. Sri Lanka said last week that Oman Oil Co had made clear it was interested in taking…

(0)Comments | March 25, 2019 7:50 am

Concessional Loan of US$ 989 million from the EXIM Bank of China for Central Expressway Project – Section 1 from Kadawatha to Meerigama

Government of Sri Lanka has accorded high importance to the development of infrastructure including expressway network with inter-connectivity as it will directly contribute to the economic growth and will have indirect effects in raising the productivity and efficiency in different economic sectors. To complement the existing expressway network, Central Expressway Project (CEP) has been initiated…

(0)Comments | March 22, 2019 12:17 pm