Reuters – Sri Lankan shares fell slightly on Monday and finished the session near a two-week closing low hit last week, as investors sold stocks of diversified and palm oil companies amid continued political uncertainty, stock brokers said. The Colombo stock index ended 0.06 percent weaker at 6,552.81, following a 0.28 percent drop last week….
Diesel & Motor Engineering (DIMO) PLC walked away with the top award of the night at the recently concluded ACCA Sustainability Reporting Awards 2017, held at the Cinnamon Grand Hotel. Whilst there were several category winners, the night belonged to DIMO as they were adjudged the “Overall Winner” for 2017. The awards recognise Sri Lankan…
President Maithripala Sirisena said the government would not allow the foreign direct investments (FDI) at the cost of local industries. President Sirisena mentioned this in a discussion held regarding the issues related to local industries at the presidential secretariat Monday (5). A number of local Industrialists were present at this discussion. President Sirisena who pondered…
In line with Cargills Bank’s predominant business focus in supporting the people in rural Sri Lanka, another key initiative was taken recently by introducing a special loan scheme to uplift and strengthen the maize farmers of Sri Lanka. The initiative is carried out in partnership with Sanasa Insurance under the guidance of National Agri Development…
Amãna Bank has recently appointed Adeeb Ahmad and Mohammed Ataur Rahman Chowdhury to the Bank’s Board of Directors as representatives of its principal shareholder IB Growth Fund (Labuan) LLP, owned by the Islamic Corporation for the Development of the Private Sector (ICD) which is a subsidiary of the Islamic Development Bank (IDB). The IDB Group,…
CEAT Kelani Holdings has announced the appointment of Mr Ravi Dadlani as Managing Director of the company with effect from 1st March 2018. Previously Vice President Sales, Marketing & Exports at CEAT Kelani, a company he has already served for 11 years, Mr Dadlani succeeds Mr Vijay Gambhire, who returns to CEAT Limited India…
The ‘Invest Sri Lanka’ Investor Forum organized by the Colombo Stock Exchange (CSE), the Securities and Exchange Commission of Sri Lanka (SEC) and the Singapore – Sri Lanka Business Association (SLBA) was recently held at the Four Seasons Hotel Singapore and made a strong case for investment flows into Sri Lanka. The event drew a…
The Central Bank of Sri Lanka says that it emphasizes that, based on its current projections, an increase in market interest rate is not expected in the near term. Responding to News Reports on Future Interest Rate Movements the CBSL add that recent movements in headline inflation, core inflation, inflation expectations, broad money growth, credit…
Reuters – Sri Lankan shares inched slightly higher on Friday from a two-week closing low, but foreign selling amid political uncertainty weighed on trade, stock brokers said. The Colombo stock index ended 0.08 percent firmer at 6,557.02, edging up from its lowest close since Feb. 14 hit on Wednesday. Sri Lankan markets were closed for…
Mr. Duminda Ariyasinghe, Director General, BOI met with the members of the American Chamber of Commerce in Sri Lanka recently. The closed-door meeting focused on key aspects such as the initiatives introduced by the Government and BOI to strengthen the investment climate; priority sectors identified according to the Government Vision 2025; FDI performance in…
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