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Transparency in Government Securities Market Further Improves

The Central Bank on 26.04.2017 mandated the primary dealers and licensed banks to use the Bloomberg electronic bond trading platform to trade repurchase transactions (repos) in government securities. Accordingly, they are required to: a). quote and trade repos between them in the trading platform, and b). report in the trading platform repos carried out over-the-counter…

(0)Comments | May 4, 2017 8:46 am

Sri Lanka Investment Business Conclave: Foreign investors keen on thrust industries

Foreign Investors, already registered to take part in the upcoming ‘Sri Lanka Investment and Business Conclave 2017’ has shown interest in the areas of Agriculture, Export Manufacturing, Infrastructure development, Port development, Power & Energy, Telecommunications and  Related Services and Tourism and Leisure. Registered participants have also shown keenness to explore investment opportunities in sectors such as Distribution of…

(0)Comments | May 3, 2017 4:42 pm

Must use GSP Plus period as ‘breathing space’ rather than ‘comfort zone’

The Ceylon Chamber of Commerce is encouraged by the prospects of regaining the GSP Plus trade preferences and is hopeful that the final vote at the EU Council of Ministers will be favorable. The granting of GSP Plus to Sri Lanka once again will have a significant positive impact on the country’s exports to the…

(0)Comments | May 3, 2017 1:47 pm

Sri Lankan shares end flat; foreign investors turn sellers

Reuters – Sri Lankan shares were largely unchanged in thin trading, near an 11-month high on Tuesday, as foreign investors turned net sellers for the first time in 26 sessions while blue chips saw profit-booking after a prolonged rise. Foreign investors net sold shares worth 29.8 million rupees on Tuesday, but remained net buyers of…

(0)Comments | May 3, 2017 10:32 am

Sunshine Holdings named ‘Most Innovative Holding Group’ by Global Banking and Finance Review, UK

In recognition of using high-tech applications in Sri Lanka’s agribusiness sector, launching of new innovative brands, ensuring high standards of customer service and strong client relations, Sri Lanka’s diversified conglomerate, Sunshine Holdings was awarded ‘Most Innovative Holding Group’ by Global Banking and Finance Review – the leading financial and banking magazine in the United Kingdom….

(0)Comments | May 3, 2017 9:33 am

Changes to the Board of Directors of Dunamis Capital PLC and its listed subsidiaries First Capital Holdings PLC and Kelsey Developments PLC

The Executive Chairperson of Dunamis Capital PLC and its listed subsidiaries First Capital Holdings PLC and Kelsey Developments PLC, Mrs. Manjula Mathews has retired from her post with effect 30th April 2017.   Mrs. Mathews, a Fellow Member of the Chartered Institute of Management Accountants (UK) and an Alumnus of the University of Cambridge (UK),…

(0)Comments | May 2, 2017 5:57 pm

First stock of Octopus ready for export

Chairman of the Indian Ocean (Pvt.) Ltd. affiliated to the South Korean company, Dejin which is responsible for the Korea-Sri Lanka joint programme of Octopus Harvesting Soo – Yong- Shin recently briefed the State Minister of Fisheries and Aquatic Resources Dilip Wedaarachchi that the first stock of Octopus processed for export purposes is ready to…

(0)Comments | May 2, 2017 3:27 pm

Moscow invites SL for Russia’s Davos

Sri Lanka has been given a fresh opportunity to showcase its investment and export portfolios to the emerging markets as well as the huge Russian region through a premier global Forum, dubbed as Russia’s Davos.   “St. Petersburg International Economic Forum (SPIEF) is a unique event in the world of business and economics. We officially…

(0)Comments | May 2, 2017 3:11 pm

‘Sri Lanka Investment and Business Conclave 2017’ set to take place in end May

Aims to attract Foreign Direct Investors to Sri Lanka   The Ceylon Chamber of Commerce will organize the “Sri Lanka Investment & Business Conclave 2017” from 30th May to 1st June 2017 in Colombo to attract much needed Foreign Direct Investors to Sri Lanka, Business partners for Exports and Imports and also to promote Tourism,…

(0)Comments | May 2, 2017 11:48 am

BoI hosts a business delegation CCPIT

The Board of Investment (BoI) of Sri Lanka hosted a delegation from the China Council for the Promotion of International Trade (CCPIT) Beijing Chapter who was visiting Sri Lanka to study the potential for trade and investments between the two countries.   The eight-member delegation, which was led by Lin Hai, Director of CCPIT expressed…

(0)Comments | May 2, 2017 10:57 am