manusath-derana

Top News

Sri Lankan rupee pulls back from record low after cenbank intervention

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…

(0)Comments | September 22, 2018 12:45 pm

Sri Lanka shares hit over 30-month closing low on rupee woes

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,…

(0)Comments | September 22, 2018 12:42 pm

Study UK Alumni Awards 2018 – global winners receive awards in London

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…

(0)Comments | September 21, 2018 7:05 pm

MTD Walkers’ says they are aware of the Obligation to repay Debentures

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…

(0)Comments | September 21, 2018 12:54 pm

Sri Lanka cbank will intervene aggressively to curb rupee volatility – official

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…

(0)Comments | September 21, 2018 10:12 am

Sri Lanka shares hit 30-month low on weak rupee, foreign selling

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…

(0)Comments | September 21, 2018 10:00 am

Perceived Economic Opportunity PEO: Second Quarter 2018

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…

(0)Comments | September 21, 2018 9:55 am

CA Sri Lanka IT Forum emphasizes the need for organisations to go digital if they are to remain successful

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…

(0)Comments | September 21, 2018 9:32 am

SriLankan Airlines makes progressive changes to its Winter 2018 schedule

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…

(0)Comments | September 20, 2018 4:11 pm

Opening of Sri Lanka’s First International Mall Redefines Lifestyle in Colombo

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…

(0)Comments | September 20, 2018 1:53 pm