The Ceylon Index Fund (CIF) that invests in blue chip, liquid companies listed on the Colombo Stock Exchange (CSE) has emerged as the top performing Unit Trust out of all 78 mutual funds in Sri Lanka during the first half of 2017. The fund reported a performance of 15.57%* during the first six months of…
Fitch Ratings has assigned Pan Asia Banking Corporation PLC’s (PABC, BBB-(lka)/Stable) outstanding Sri Lanka rupee-denominated Basel II-compliant subordinated debentures a National Long-Term Rating at ‘BB+(lka)’. The debentures mature in 2019 and amount to LKR3 billion. A full list of PABC’s ratings is given below. KEY RATING DRIVERS The outstanding subordinated debentures are rated one notch…
Reuters – Sri Lankan shares fell to a near two-week low on Monday as investors sold diversified and telecom shares in lacklustre trade ahead of a holiday, while the daily turnover got a boost from block trades. The Colombo stock index resumed trade after a holiday on Friday and ended 0.08 percent down at 6,385.56,…
The BCCI has bagged INR 16347.5 crore (US$ 2.55 billion) for its IPL television and digital rights from a single bidder, Star India, who made a single consolidated offer for rights worldwide. The rights are for a five-year period from 2018 to 2022. The development in Mumbai on Monday marked a change in the rights…
SriLankan Airlines wishes to notify the general public that there is a fake airline survey currently circulating on the internet and social media including messenger apps, mentioning SriLankan Airlines offering free tickets. This is NOT a SriLankan Airlines promotion. This is a malicious and false site that is attempting to prey on our valued customers….
Vision 2025 ‘A Rich Country’, the Economic Development Plan of the government for the next eight years will be unveiled today (4th Sept.) 3.00 p.m. at the BMICH. It will be launched by President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe.
The Embassy of Sri Lanka in Stockholm organized a promotion on tourism and culture. “A Glimpse of Sri Lanka” on 26th August 2017 at Norrmalmstorg, a venue situated in the heart of the city of Stockholm. The strategic location and the warm sunshine enduring throughout the day, drew large crowds providing just the right milieu,…
The 27th edition of the FACETS International Gem & Jewelry Exhibition began on the 31st of August 2017 with a grand inauguration ceremony at the BMICH. Gracing the event as chief guest was the honorable Prime Minister, Ranil Wickremasinghe, along with a number of members of parliament, representatives of the Diplomatic Co, members of the…
Moody’s Investors Service says that the outlook for Sri Lanka’s banking system is negative, with both asset quality and profitability under pressure. “The economy will only see a modest growth rebound as the government’s fiscal constraints continue to limit public investment and private spending, despite stronger goods and services exports,” says Srikanth Vadlamani, a Moody’s…
Reuters – International cocaine smugglers are increasingly turning to Sri Lankan as a transit hub in Asia, authorities say, after they made a series of seizures of the drug, some smuggled in containers of sugar from Brazil. Sri Lankan customs have seized six shipments of high-purity South American cocaine in 14 months, including Asia’s largest-ever…
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