The International Finance Corporation (IFC) has informed its intention to exit its investment in Cargills Food Company (Pvt) Ltd, by enforcing the ‘put’ option. In a disclosure to the Colombo Stock Exchange, Cargills Ceylon PLC, stated that “pursuant to the agreement entered between International Finance Corporation (IFC), Cargills (Ceylon) PLC and Cargills Food Company (Pvt)…
Have you ever been seeking for an opportunity to emerge as a YouTuber but never got the guidance to be one? AIESEC in University of Sri Jayewardenepura is ready to offer you the perfect chance to learn everything related to YouTubing & Content Creation from local and international experts of the field. AIESEC in University…
Former Central Bank Governor Ajith Nivard Cabraal, on Wednesday, issued a special statement on the Millennium Challenge Corporation (MCC) The full statement as follows: “I have seen some social media posts which attempt to insinuate that the Mahinda Rajapaksa Government was ready to enter into a Compact with the Millennium Challenge Corporation that was detrimental to Sri Lanka….
The Securities and Exchange Commission of Sri Lanka (SEC SL) approved introduction of new Rules and amendments to the existing Listing Rules of the Colombo Stock Exchange (CSE) and granted approval in principle to proceed with certain other important initiatives. Setting and enforcing appropriate Listing Standards are central to a well – functioning securities market….
Headline inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100)1 declined to 3.9% in June 2020 from 4.0% in May 2020. This was solely driven by the statistical effect of the high base prevailed in June 2019. Food inflation (Y-o-Y) increased to 10.0% in June 2020 from 9.9% in…
President Gotabaya Rajapaksa instructed the relevant officials to expedite the system of electronic registration of lands in order to eradicate frauds in land registration to speed up the process of land registration. The public is faced with many difficulties due to frauds and delays in the land registration process. President Rajapaksa highlighted the importance of…
Brandix was awarded the highest accolade under the ‘Best Liquidity & Investment Solution’ category at The Asset Triple A Awards 2020 for its global Interest Enhancement (IE) solution facilitated by HSBC. The IE solution, effective across Australia, India, Hong Kong, Mauritius, Singapore, Sri Lanka, United States and the United Kingdom, provides Brandix with an innovative…
The Central Bank of Sri Lanka (CBSL) held its policy rates steady at the meeting held on 05 March 2020 while allowing the impact of previous policy actions to materilise. However, as a COVID-19 relief measure CBSL reduced policy rates by 100bps in 3 emergency instances reducing the SDFR and SLFR rate to 5.50% and…
Hot on the heels of a scathing review of the country’s monetary policy by President Gotabaya Rajapaksa on 16 June, in response to the COVID-19 crisis, the Central Bank of Sri Lanka announced a further reduction of the Statutory Reserve Ratio (SRR) applicable on all rupee deposit liabilities of licensed commercial banks (LCBs). This lowering…
Sri Lanka premier bank, Bank of Ceylon (BOC) and China Development Bank today (30) entered into a USD 140 million long-term facility where drawdown will be under two tranches of USD 70 million each. The signing ceremony for the facility agreement was held in Colombo today. Addressing the event, Acting General Manager of Bank of…
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