Reuters – Sri Lankan stocks on Thursday edged up from a near one-week closing low hit in the previous session, buoyed by industrial and telecom shares while offshore investors continued to be net buyers. Local investors, however, cautiously acquired shares amid concerns over a proposed tax bill weighed on overall investor sentiment. The Colombo stock…
The Monetary Board of the Central Bank of Sri Lanka on 06th July 2017, acting in terms of the Regulations made under the Registered Stocks and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to suspend Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a…
IFC, a member of the World Bank Group, has invested INR 6.67 billion ($103 million) in L&T Infrastructure Finance Company Ltd. by subscribing to the first official Green Bonds in India. This is in line with IFC’s strategy to support renewable energy infrastructure in the country and also develop the capital markets. L&T Infrastructure Finance…
Reuters – Sri Lankan stocks fell to a near one-week closing low on Wednesday as investors booked profits in diversified and telecom shares while concerns over a proposed tax bill weighed on overall investor sentiment. The Colombo stock index ended 0.36 percent down at 6,709.76, its lowest close since June 29. The bourse hit 18-month…
Minister of Finance and Mass Media Mangala Samaraweera presented a proposal to the Cabinet of Ministers to prepare the Budget 2018 on Performance based budgeting. According to the proposal, the Macro – Public Finance Framework for preparation of budget 2018 aims to achieve several targets in 2020 including increasing the public income up to 16.5%…
The Chartered Management Institute (CMI) – UK’s Sri Lanka Branch, has announced a knowledge sharing forum, titled ‘GSP Plus: Unlocking untapped potential’ in association with KPMG in Sri Lanka on 10th July from 5.00 to 7.30 p.m. at Jetwing Hotel, Colombo. The event will feature a presentation by M.P. T. Cooray, Secretary General, Joint Apparel…
The location of the land on which the estimated two billion US dollar project ‘The World Capital Centre’ complex for which an agreement had been signed recently with the Sri Lanka Board of Investments, has reportedly been not earmarked so far. A spokesman for ‘The World Capital Centre’ said the land for this project is…
Attributed to an Emirates spokesperson: “Effective immediately, the electronics ban has been lifted for Emirates’ flights from Dubai International Airport to the U.S.A. Emirates has been working hard in coordination with various aviation stakeholders and the local authorities to implement heightened security measures and protocols that meet the requirements of the US Department of…
Dr. Arvind Subramanian, the Chief Economic Adviser of the Government of India will attend as the keynote speaker of the Sri Lanka Economic Summit 2017 inaugural session. Subramanian, a Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and Senior Fellow at the Centre for Global Development will speak at the inaugural session…
Beats terminals in China, South Korea, Thailand, Indonesia and Philippines to win coveted AFLAS award The CMPort managed Colombo International Container Terminals (CICT), the only deep water terminal in the Port of Colombo, has been voted the Best Container Terminal (under 4 million TEUs) in Asia at the prestigious Asian Freight, Logistics and Supply…
Video Story
