Central Bank of Sri Lanka (CBSL) in considering the immense requests from the general public and the difficulties that the general public is facing in exchanging willfully defaced currency notes at Licensed Commercial Banks (LCBs), has decided to extend the time period for such exchange of currency notes at LCBs up to 31 March 2018. Mutilation, alteration…
The United States’ Generalized System of Preferences (GSP) program will expire on 31st December, 2017, and all those importing GSP eligible goods to the USA, from Sri Lanka as well as all other beneficiary countries and territories will be subject to non-preferential duties from 1st January, 2018. The US GSP expires periodically, and must be…
Reuters – Sri Lankan shares rose for a sixth straight session in muted trade on Friday, ending 2017 with a modest 2.3 percent gain after two consecutive annual losses. The Colombo Stock Index edged up 0.08 percent to 6,369.26, its highest since Dec. 8 and posting the first annual increase in three years after falling…
The Planters’ Association of Ceylon (PA) issued a statement commending the swift and effective action taken by the Ministry of Plantation Industries, the Sri Lanka Tea Board, and all other state and diplomatic officials that played a role in negotiating the lifting of a temporary suspension of Sri Lankan tea imports by the Russian Federation….
Home-grown diversified conglomerate, Sunshine Holdings PLC announced that it would be further consolidating its stake in Estate Management Services Limited (EMS), the holding company for Watawala Plantations PLC, Hatton Plantations PLC and Watawala Tea Ceylon Limited (WTCL) – two of Sri Lanka’s most profitable plantations and leading tea brands. Previously managed under tripartite ownership between…
Reuters – Sri Lankan shares inched higher on Thursday in their fifth straight gaining session to a fresh three-week closing high as the central bank held key policy rates steady, with trading muted by the holidays after Christmas. Sri Lanka’s central bank kept its benchmark interest rates unchanged before the market opened, saying inflation and…
LCI acquires 100% ownership of MillenniumIT ESP from London Stock Exchange Group Leading Sri Lankan IT enterprise solutions provider for over 20 years LSEG to retain software development arm of MillenniumIT Acquisition paves the way for the LCI Group to enter the IT solutions and services business and take on opportunities in an industry that…
President Maithripala Sirisena declared open Sri Lanka’s first permanent road-side gallery for the 60 plus artists who sell their work on the side-walks of Green Path, along the leafy, Viharamahadevi Park in Colombo 07. The project, initiated by Hon Faiszer Musthapha, Minister of Provincial Councils and Local Government, was launched amongst a host of government…
Considering recent macroeconomic developments, the Monetary Board, at its meeting held on 27 December 2017, was of the view that the current monetary policy stance is appropriate and decided to maintain the policy interest rates of the Central Bank of Sri Lanka at their present levels. However, the Central Bank will continue to cautiously monitor…
Reuters – Sri Lankan shares touched a near three-week closing high on Wednesday as investors waited for clues from the central bank’s monetary policy review later in the week, with trading muted by the holidays after Christmas. Sri Lanka’s central bank is expected to keep its key interest rates unchanged this week, a Reuters poll…
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