The Central Bank of Sri Lanka held its annual flagship event, the 12th International Research Conference at the John Exter International Conference Hall of the Central Bank on 09 December 2019. The Conference was aimed at stimulating theoretical and empirical research on various contemporary macroeconomic policy issues and provided researchers from diverse backgrounds a platform…
A high level Asia Pacific Cooperative executive committee session opened in Colombo on 12 December-with significant emphasis on engagement of youth for cooperatives. “I am pleased to represent the government of Sri Lanka this morning at the launch of Annual Executive Committee Meeting of Network for the Development of Agricultural Cooperatives in Asia and the…
LOLC Holdings PLC today (12) announced that no finality has been reached to sell its stake in a unit in Cambodia. In a stock exchange filing the company said; “upon certain parties indicating their interest in acquiring a stake in Prasac Micro Finance Institution Limited, Cambodia, LOLC Holdings PLC has been in the process of exploring…
Executive Director of the Institute of Policy Studies of Sri Lanka (IPS), Dr. Dushni Weerakoon this week highlighted the critical role tax policies can play in spurring economic growth of a country, specially a developing country. Addressing the 23rd Annual Oration on Taxation organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka)…
The Colombo Stock Exchange (CSE) is to conduct a planned Full day of trading from the Disaster Recovery site using ATS Version 7 Disaster Recovery Solution on Friday 13th December 2019 as a part of its routine Business Continuity Planning (BCP). The exercise will be an industry wide activity with the participation of all stakeholders,…
The One Transworks Square (Pvt) Ltd. took its rightful place among the Asia’s finest real estate players as it scored a major win at the prestigious PropertyGuru Asia Property Awards 2019 held in Bangkok, Thailand. The PropertyGuru Asia Property Awards is a highly-regarded accolade, recognising excellence in real estate, development, design and innovation. The event saw…
Bloomberg: LOLC Holdings Plc, Sri Lanka’s second-largest publicly traded company by revenue, plans to sell its stake in a unit in Cambodia and use the proceeds to fund acquisition of microfinance firms in emerging markets from Brazil to India. LOLC Holdings plans to sell its 70% stake in Prasac Microfinance Institution Ltd., which also counts Hong…
The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in the People’s Republic of China (PRC) and India is weighed down by both external and domestic factors. In a supplement to its Asian Development Outlook 2019 Update released in September, ADB now expects gross domestic product…
(Reuters) – Sri Lankan shares fell for the sixth straight session and ended at a near four-week closing low on Tuesday, weighed down by continued foreign sell-offs in the absence of any fresh policy announcements, while the rupee ended steady. ** The benchmark stock index closed down 0.71% at 6,060.20, its lowest since Nov. 15….
Softlogic Life Insurance PLC announced that Mr Sujeewa Rajapakse has been appointed as the Deputy Chairman of the Company. The appointment is following the retirement of Mr Paul Ratnayeke from that position. Mr Rajapakse, who serves as a senior independent director of the Board of Softlogic Life, counts over 30 years of experience in audit…
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