Reuters – The Sri Lankan rupee hit a record low for an eighth straight session on Friday, but closed the session firmer following intervention by the central bank, market sources said. The central bank will intervene aggressively to curb excess volatility in the exchange rate, Senior Deputy Governor Nandalal Weerasinghe told Reuters. “We will not…
Reuters – Sri Lankan shares dropped to their lowest close in more than 30 months on Friday as foreign investors sold banking stocks, while a weaker rupee dented investor sentiment as well. The Colombo stock index ended 0.29 percent weaker at 5,904.90, its lowest close since March 9, 2016. It lost 2.1 percent this week,…
The three global winners of the Study UK Alumni Awards 2018 were presented with their awards by the British Council’s CEO, Sir Ciarán Devane, at a celebratory lunch at the British Council’s headquarters in London. The three winners, from Colombia, Sri Lanka and the Philippines are visiting the UK to build their professional networks, expertise…
In a disclosure to Colombo Stock Exchange (CSE), MTD Walkers PLC said that they are aware of the obligation to repay the Type A Debentures in line with the obligations as per the debenture trust deed. The disclosure was referring to a letter sent to them on 19th September 2018 at 6:20 pm. The…
Reuters – Sri Lanka’s central bank will intervene aggressively to curb excess volatility in the rupee exchange rate, Senior Deputy Governor Nandalal Weerasinghe told Reuters on Friday. “We will not tolerate excess volatility that we have seen in the market during the last couple of days. We will intervene aggressively,” he told Reuters. The move…
Reuters – Sri Lankan shares dropped to their lowest close in 30 months on Thursday as foreign investors sold market heavyweight John Keells Holdings, while a weak rupee dented sentiment. The Colombo stock index ended 0.88 percent weaker at 5,922.18, its lowest close since March 9, 2016. It lost 1.4 percent last week, its first…
This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. STATUS OF JOB PROSPECTS OR BUSINESS PERFORMANCE Analysis of the…
The need for businesses to embrace digital transformation was highlighted at a recent forum organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) where experts emphasized that changing with futuristic trends were important if an organisation is to continue to be profitable and successful. Speaking at an evening forum organised…
In keeping with its strategy of optimizing and rationalizing market opportunities throughout its route network, SriLankan Airlines will be introducing a range of significant changes to its winter schedule. Accordingly, the National Carrier will be deploying state-of-the-art A330-300 aircraft on its daily Melbourne operations from October 28, 2018. The Airline is pleased to offer…
After months of preparation, The Mall at Colombo City Centre opens to the public today amidst an ambience of colourful celebrations. Conveniently situated by the historic Beira Lake at the heart of the city, the ultramodern lifestyle destination is billed as Sri Lanka’s first international mall, and is set to transform not only the lifestyles…
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