Colombo’s upcoming major mixed development, Cinnamon Life announced the visit of the legendary emerging markets investment pioneer, Dr. Mark Mobius for an exclusive breakfast forum hosted by the premier lifestyle brand. The latest in a series of high-profile engagements by Cinnamon Life, the interactive forum is set to take place on 10 December, during which…
Reuters – Sri Lankan shares closed nearly unchanged on Monday, steadying at a 17-month high hit in the previous session, as positive sentiment surrounding tax cuts by the country’s new government continued to cheer investors, while the rupee ended weaker. ** The benchmark stock index closed 0.05% up at 6,215.23, its highest since June 25,…
The latest data of the Central Bank of Sri Lanka (CBSL) points out that the government securities held by foreign investors in Sri Lanka (Treasury Bills and Treasury Bonds) had gradually increased recording an inflow of Rs.4, 279 million in a week, during the period from 20 November 2019 to 27 November 2019. The value…
The Monetary Board of the Central Bank of Sri Lanka has granted approval in terms of section 76F read with section 9(9) of the Banking Act No. 30 of 1988 (as amended), to cancel the licence issued to the Lankaputhra Development Bank Limited in terms of the Banking Act, No. 30 of 1988 (as amended),…
Slowing global economic growth, trade tensions and geopolitical risks will lead to subdued demand growth in global shipping in 2020, Fitch Ratings says in a new report. The sector outlook remains negative. Although all shipping segments have demonstrated more prudent capacity growth in recent years, which supported a better supply-demand balance, a longer record of…
Sri Lanka’s inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI), decreased to 4.4% in November 2019 from 5.4% in October 2019, the Department of Census and Statistics reported. The year-on-year CCPI headline inflation The CCPI for all items for the month of November 2019 was 131.7 and it records an…
LONDON, (Reuters) – Sri Lanka’s benchmark government bonds slumped to their worst- ever week on Friday, after the new government’s move to immediately slash value-added tax (VAT) and other major taxes stoked worries about the cost of plans. Dollar-denominated bond due to be paid back in 2027 and 2028 fell for the eighth straight session between 3.4…
Dr. Radhika Coomaraswamy has tendered her resignation from John Keells Holdings PLC board which will be effective from 31 December 2019. The company said in a stock exchange filing that Dr. Radhika Coomaraswamy has intimated to John Keells Holdings PLC (JKH) that she wishes to resign from the directorate of the company with effect from…
Sri Lanka’s Central Bank said a new scoring system will be introduced to the Credit Information Bureau (CRIB) from January. “There are lots of concerns about CRIB reporting. So, we decided to give a new face to the CRIB report by introducing a scoring system from January next year,” Deputy Governor H. A. Karunaratne said….
The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the Local Treasury Bills (Primary Dealers) Regulations No. 01 of 2009 and the Registered Stock and Securities (Primary Dealers) Regulations No. 01 of 2009, has decided to revoke the suspension of NatWealth Securities Limited from carrying on the business and activities…
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